Capitol Seniors Housing Opens $27.5M Community Near Washington, D.C.
FULTON, Md. — Capitol Seniors Housing has opened Arbor Terrace Fulton, an assisted living and memory care community in Fulton, approximately 20 miles north of Washington, D.C.
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CBRE Arranges $6.9M Sale of Two Active Adult Communities in Riverside, California
RIVERSIDE, Calif. — CBRE has arranged the sale of Orangeville Senior Living and Madison Villa Arms, two active adult communities in Riverside, approximately 50 miles east of Los Angeles.
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Discovery Nears Completion of 98-Unit Community in Fort Worth
FORT WORTH, Texas — Discovery Senior Living has started pre-leasing at Discovery Village At Alliance Town Center, a 98-unit assisted living and memory care community in Fort Worth.
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Blueprint Brokers Sale of Two-Property Portfolio in Phoenix
PHOENIX — Blueprint Healthcare Real Estate Advisors has arranged the sale of two seniors housing campuses totaling 384 beds/units in metro Phoenix.
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Contemporary Healthcare Capital Provides $4.2M Mezzanine Loan for Seven-Property Acquisition in Midwest
MINNESOTA and SOUTH DAKOTA — Contemporary Healthcare Capital has provided a $4.2 million mezzanine loan to affiliates of Cascade Capital Group LLC.
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NIC: Skilled Nursing Occupancy Rises Year-Over-Year for First Time in Four Years
ANNAPOLIS, Md. — Occupancy in U.S. skilled nursing facilities reached 83.7 percent in the first quarter of 2019, representing the first year-over-year increase since January 2015.
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Skender Completes Expansion of Assisted Living Facility in Northbrook, Illinois
NORTHBROOK, Ill. — Skender, serving as base building and interior construction manager, has completed an expansion project at North Shore Place in Northbrook, approximately 20 miles north of Chicago.
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Walker & Dunlop Arranges $5.8M Rehabilitation Loan for Affordable Community in Tennessee
COOKEVILLE, Tenn. — Walker & Dunlop Inc. has structured a $5.8 million loan through the United States Department of Housing and Urban Development (HUD) for Walnut Village, an affordable seniors housing community in Cookeville, approximately midway between Knoxville and Nashville.
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Leisure Living Breaks Ground on $8.6M Community in West Michigan
ZEELAND, Mich. — Leisure Living has broken ground on Riley’s Grove, a 44-unit assisted living community in Zeeland, about 20 miles southwest of Grand Rapids.
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Maxwell Group Promotes Ben Thompson to President
CHARLOTTE, N.C. — Maxwell Group, parent company to Senior Living Communities, Wellmore and Living Long Well Care, has promoted Ben Thompson to president. Thompson has been with the company for nine years.
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Discovery Opens 187-Unit Independent Living Community in South Carolina
COLUMBIA, S.C. — Discovery Senior Living has opened Discovery Village At Sandhill, a 187-unit independent living community in Columbia.
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MorningStar, Confluent Complete 160,000 SF Development in Metro Denver
ARVADA, Colo. — Co-developers MorningStar Senior Living and Confluent Senior Living have completed construction of MorningStar of Arvada, a seniors housing community in the Denver suburb of Arvada.
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Associated Bank Provides $6.2M LIHTC Equity, $4.7M Construction Financing for Community in Wisconsin
MADISON, Wis. — Associated Bank has completed $4.7 million in new construction financing and placement of $6.2 million in low-income housing tax credit (LIHTC) equity for Point Place Senior Apartments in Madison.
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Live Oak Bank Funds $10M Financing for 90-Unit Community in Texas
TEXAS — Live Oak Bank has provided a $10 million conventional loan for the acquisition and renovation of a 90-unit assisted living and memory community.
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M&T Hires JLL Origination Team Specializing in Seniors Housing, HUD
SEATTLE — M&T Realty Capital Corp. has hired James Schneider II as senior managing director, William Roach and Madeleine Roach as managing directors, and Shawn Needham as production analyst.
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Allegro Completes 23-Story Community in Miami
MIAMI — Allegro has opened the doors on Allegro Dadeland, a 23-story seniors housing tower in the Dadeland district of Miami.
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Weitz Completes Five-Building Expansion at Community in Tennessee
BRENTWOOD, Tenn. — The Weitz Company has completed construction of the Redbud expansion project at The Heritage at Brentwood, a senior living community located 20 miles south of Nashville in Brentwood.
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Dominion Senior Living Launches Everlan Independent Living Brand
KNOXVILLE, Tenn. — Dominion Senior Living, a Knoxville-based owner and operator of 13 assisted living and memory care communities across South Carolina, Tennessee and Kentucky, has launched a new independent living brand: Everlan by Dominion Senior Living.
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HJ Sims Arranges $20.5M in Financing for CCRC in Pennsylvania
WEST CHESTER, Penn. — HJ Sims has arranged $20.5 million for the rebuilding of a portion of Barclay Friends, a nonprofit continuing care retirement community (CCRC) in West Chester, a borough 25 miles west of Philadelphia.
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Cadence Hires Wanda Tutelo as Executive Director of Community in Mesa, Arizona
MESA, Ariz. — Cadence Living, a senior housing owner, developer and operator based in Scottsdale, has hired Wanda Tutelo as executive director of Acoya Mesa. The community is scheduled to open this September in Mesa.
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Ryan Cos., LCS, Harrison Street Break Ground on $120M Community in Clayton, Missouri
CLAYTON, Mo. — Ryan Cos. US Inc., Life Care Services and Harrison Street Real Estate Capital have broken ground on Clarendale Clayton, a 13-story seniors housing tower in Clayton, a suburb of St. Louis.
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M&T Funds $28.5M Refinancing for Assisted Living Facility in Virginia
MECHANICSVILLE, Va. — M&T Realty Capital Corp. has closed a $28.5 million Fannie Mae Seniors Housing loan for the refinance of a 106-unit assisted living facility located in Mechanicsville.
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Capital One Adds Dana Scheppmann, David Harper to Team of Long-Term Care Relationship Managers
NEW YORK CITY — Capital One has named Dana Scheppmann and David Harper as regional relationship managers for long-term care real estate lending.
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Live Oak Bank Provides $6.9M Construction Loan for 41-Unit Community in Ohio
MASON, Ohio — Live Oak Bank has provided a $6.9 million conventional construction loan for a 41-unit assisted living and memory care development in Mason, a suburb of Cincinnati.
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Oakmont Names Gina Salman as Executive Director of Community in Oxnard, California
OXNARD, Calif. — Oakmont Senior Living has named Gina Salman executive director of Oakmont of Riverpark in Oxnard, a senior living community opening this winter in the coastal city of Oxnard.
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Brookdale CEO Sees ‘Bright Future’ Following Major Turnaround Initiative
A lot has happened at Brookdale Senior Living (NYSE: BKD) over the last few years in what can only be described as a tumultuous period. Operating 844 communities as of March 31, the company is still the largest owner and
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MedCore Partners, TNRG Plan 188-Unit Community in Oklahoma
NORMAN, Okla. — MedCore Partners and The National Realty Group (TNRG) have unveiled plans for a 188-unit seniors housing community in Norman, just south of Oklahoma City.
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