ANNAPOLIS, Md. — Fewer than half (46 perecnt) of America’s middle-income seniors will be able to afford the $60,000 average annual costs of seniors housing and out-of-pocket medical costs in 2029, new research shows. But if the costs were cut,
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HOUSTON — Belmont Village Senior Living, a Houston-based developer, owner and operator of seniors housing, has hired longtime REIT veteran Mercedes Kerr as its new president.
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RANCHO MISSION VIEJO, Calif. — Reata Glen, a continuing care retirement community (CCRC) in Rancho Mission Viejo, will open its doors on May 28.
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CRYSTAL LAKE, Ill. — Skender, as base building and interior construction manager, has broken ground on Residences of Crystal Lake, an independent living community in Crystal Lake, approximately 45 miles northwest of Chicago.
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CONNECTICUT — Carnegie Capital has arranged an $8 million refinancing for a 90-bed skilled nursing facility in Connecticut.
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FREMONT, Calif. — Eden Housing has opened Pauline Weaver Senior Apartments, a 90-unit affordable housing community for seniors in Fremont, located at the southeast edge of San Francisco Bay.
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RIDGELAND, Miss. — SunTrust Banks has served as sole lender of a $37.5 million refinancing for The Orchard, a seniors housing community in Ridgeland, a northern suburb of Jackson.
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URBANA, Ill. — University Rehab Real Estate LLC has acquired Champaign County Nursing Home, a 243-bed skilled nursing facility in Urbana, located south of Chicago and west of Indianapolis.
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ONANCOCK, Va. — Commonwealth Senior Living has acquired Hermitage on the Eastern Shore in Onancock. The price was not disclosed.
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KANSAS CITY, Mo. — GlynnDevins, a marketing firm based in Kansas City, has hired Lisa Legeer as senior vice president of research and healthcare consulting.
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SAYREVILLE, N.J. — AMS Acquisitions LLC, a New York City-based real estate investment firm, has purchased a seniors housing community in Sayreville, just across Raritan Bay from Staten Island, for $13 million.
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CLERMONT, STUART and TAVARES, Fla. — CIT Group’s Healthcare Finance division has served as sole lead arranger for a $64 million loan for three assisted living facilities in Florida.
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WELLINGTON, Fla. — Florida-based senior living and rehabilitation services provider KR Management LLC is the new licensed operator of The Addington at Wellington Green in Wellington.
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WEST CHESTER, Pa. — Benchmark Senior Living has started a multimillion-dollar renovation project at Wellington at Hershey’s Mill, and independent living, personal care, skilled nursing and rehabilitation community in West Chester, approximately 25 miles west of Philadelphia.
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FORT WORTH, Texas — Civitas Senior Living has purchased a building in Fort Worth’s Upper West Side to serve as its permanent corporate headquarters.
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FAIRFAX, Va. — CBRE has arranged $65.2 million in financing for the acquisition of The Virginian, a 306-unit continuing care retirement community (CCRC) in Fairfax.
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ST. PETERSBURG, Fla. — American House Senior Living Communities and co-developer Prevarian Senior Living have broken ground on American House St. Petersburg, an independent living, assisted living and memory care community in St. Petersburg.
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VAN NUYS, THOUSAND OAKS and LASALETTE, Calif. — Senior Housing Properties Trust (NASDAQ: SNH) has sold three skilled nursing facilities in California as part of a previously announced restructuring plan.
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BOCA RATON, Fla. — Acts Retirement-Life Communities has completed two renovation projects totaling more than $6 million to two of its communities in Boca Raton.
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PFLUGERVILLE, Texas — Senior Living Investment Brokerage has arranged the sale of Heatherwilde Assisted Living, located in the Austin suburb of Pflugerville.
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GRANITE CITY and GODFREY, Ill. — Triloma Seniors Housing, an affiliate of Triloma Financial Group, has acquired The Fountains at Granite City and The Fountains at Godfrey, both located just across the Mississippi River from St. Louis.
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BOSTON — Boston Capital has invested an undisclosed amount in the construction of O’Connor Way Senior Housing, a 47-unit affordable housing development for seniors in South Boston.
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SAN MARCOS, Texas — Senior Living Investment Brokerage has arranged the sale of Regent Care Center of San Marcos, a 174-bed skilled nursing facility in San Marcos, located between Austin and San Antonio.
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CARLSBAD, Calif. — Solstice Senior Living, a national joint venture of Integral Senior Living and NorthStar Healthcare Income Inc. based in Carlsbad, has hired David Lors as the regional director of sales and marketing within Solstice’s East region.
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DALLAS — The Legacy Senior Communities has appointed John Falldine as executive director of The Legacy Midtown Park, a rental continuing care retirement community in Dallas.
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ISSAQUAH, Wash. — CBRE has arranged a $17.5 million in Fannie Mae financing for Fieldstone Memory Care of Issaquah, a 60-unit memory care community.
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MILBRAE, Calif. — Cadence Living, a seniors housing owner, developer and operator, has hired Wendy Mcilnay as executive director of Cadence Millbrae, a community in Milbrae, a suburb of San Francisco.
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