SLIB Negotiates Sale of Lakeland Hills Senior Living in Dallas

DALLAS — Senior Living Investment Brokerage (SLIB) has arranged the sale of Lakeland Hills Senior Living, a 170-unit community in Dallas. The asset was originally constructed as an independent living community. An assisted living wing was added along with cosmetic

NIC: Skilled Nursing Occupancy Shows Signs of Stabilization

ANNAPOLIS, Md. — Occupancy at U.S. skilled nursing facilities increased to 71.2 percent in February 2021 compared to 70.7 percent from the previous month, according to NIC MAP data prepared and released by NIC MAP Vision. This brought the occupancy

SLIB Arranges $32.5M Sale of Community in Anchorage, Alaska

ANCHORAGE, Alaska — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 116-unit assisted living and memory care community in Anchorage. The community was built in 2017, officially opening in December 2019. The 82,813-square-foot facility sits on 2.7

CareTrust REIT Acquires El Centro Post-Acute Center in California

EL CENTRO, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired El Centro Post-Acute Center, a 123-bed skilled nursing facility located adjacent to the El Centro Regional Medical Center. El Centro is located in Imperial County near the border with

Grandbridge Arranges $11.2M in Seniors Housing Loan Modifications

SEATTLE and GAITHERSBURG, Md. — Grandbridge Real Estate Capital arranged $11.2 million in financing across three modification loans. Artin Anvar arranged the interest rate reduction (IRR) modifications through HUD’s IRR program. The first transaction, totaling $984,721, was secured by Hilltop

SLIB Arranges $8M Sale of Harmony Guest Home in Hillsboro, Oregon

HILLSBORO, Ore. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Harmony Guest Home, a 42-unit assisted living and memory care community in Hillsboro, a suburb of Portland. The 22,597-square-foot community was built in 2002 with additions in

Blueprint Brokers Sale of 57-Unit Community in Maine

PORTLAND, Maine — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 57-unit assisted living community and 41-unit memory care community in the Portland metro area. The properties were developed in 1996 and 1997, respectively. A REIT sold

Erickson Living Rebrands as Erickson Senior Living

BALTIMORE — As a part of its long-term growth and business strategy, Erickson Living today unveiled its plan to evolve its brand identity and change the company’s name to Erickson Senior Living. The rebranding comes as the company, which oversees

Personalizing Wellness: Using Data to Promote Resident Health

Seniors housing technology has long been focused on health and safety — keeping residents safe from falls, managing medicines and addressing health changes that require a doctor’s oversight. But the future of seniors housing may lie more in the direction

Essex Communities Promotes Frankie Pane to President, Michael McGillick to CEO

OMAHA, Neb. — Essex Communities, an Omaha-based seniors housing design, development, construction, acquisitions, financing, marketing and property management specialist, has promoted Frankie Pane to president and chief operating officer and Michael McGillick to chief executive officer. Pane has been with

Palace Group Opens Four-Story Community in Weston, Florida

WESTON, Fla. — The Palace Group has opened the doors on The Palace at Weston, an independent living, assisted living and memory care community in Weston, approximately 35 miles northwest of Miami. This is owner-operator Palace Group’s 10th luxury senior