Berkadia Provides $104.3M HUD Financing for Skilled Nursing Facility in New York City
NEW YORK CITY — Berkadia has provided $104.3 million in financing for Workmen’s Circle Multicare Center, a skilled nursing facility in the Bronx.
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Local Developers Plan Active Adult Community Near Charlotte
CORNELIUS, N.C. — A group of local developers have unveiled plans for Cornelius Woods, an active adult community in Cornelius.
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CBRE Arranges $15M Fannie Mae Loan for Community in Southern California
TUSTIN, Calif. — CBRE has arranged $15 million in Fannie Mae financing for The Groves of Tustin.
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Weitz to Build Two Arizona State Veteran Homes
YUMA and FLAGSTAFF, Ariz. — The Weitz Company and Arizona Department of Veterans’ Services (ADVS) are preparing to break ground on a new Arizona State Veteran Home in Yuma. This will be the second such home built by the partnership,
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New Senior Appoints Justin Hutchens to Board of Directors
NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR), a publicly traded seniors housing owner-operator based in New York, has appointed Justin Hutchens as an independent director to the company’s Board of Directors.
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Construction Begins on Two Pi Architects Projects in Texas
SAN MARCOS and GEORGETOWN, Texas —Developers have broken ground on two Pi Architects-designed seniors housing projects in San Marcos and Georgetown, both located outside Austin.
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Realty Capital Partners, Matteo Realty Partners Acquire Memory Care Community in Dallas
DALLAS — A joint venture between Realty Capital Partners (RCP) and Matteo Realty Partners has acquired the former Silverado Memory Care of Turtle Creek, located in the Turtle Creek neighborhood of Dallas.
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Lancaster Pollard Arranges $24M Financing for Communities in Georgia, Texas
WARNER ROBINS, Ga., and CYPRESS, Texas — Lancaster Pollard Mortgage Company, a division of ORIX Real Estate Capital, has arranged financing for seniors housing communities in the Macon suburb of Warner Robins and the Houston suburb of Cypress.
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Contemporary Provides $1.4M Mezzanine Loan for Skilled Nursing Acquisition in North Carolina
HENDERSONVILLE, N.C. — Contemporary Healthcare Capital has provided a $1.4 million mezzanine loan to affiliates of The Portopiccolo Group for the acquisition of a skilled nursing facility in Hendersonville.
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Ascension Appoints Danny Stricker to Lead New Post-Acute Services Division
ST. LOUIS — Ascension, a St. Louis-based senior living and healthcare provider, has appointed Daniel “Danny” Stricker to lead the company’s new skilled nursing division, Ascension Post-Acute Services.
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Autumn Senior Living, Small Brother Plan 170,000 SF Community Near Tampa
CLEARWATER, Fla. — A partnership between Autumn Senior Living and Small Brothers LLC has unveiled plans for Aravilla Clearwater, a 170,000-square-foot assisted living and memory care community in Clearwater, a coastal suburb of Tampa.
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Walter Bowen Sells Six-Property Portfolio, Exits Assisted Living Sector
PORTLAND, Ore. — Walter Bowen, real estate developer, founder of BPM Real Estate and an early pioneer in the assisted living industry, has sold six seniors housing communities. The disposition marks Bowen’s exit from the seniors housing industry.
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CBRE Arranges $24.5M Freddie Mac Refinancing for Community in Northern California
CHICO, Calif. — CBRE has arranged $24.5 million in financing for Westmont Living.
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Evergreen Real Estate Group Completes $4M Renovation of Affordable Community in Chicago
CHICAGO— Evergreen Real Estate Group has completed a $4 million renovation of Bethel Terrace Apartments, a 123-unit affordable seniors housing community in Chicago’s Englewood neighborhood.
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Acts Appoints Six to New Positions
WEST POINT, Pa. — Acts Retirement-Life Communities, a nonprofit owner-operator based in West Point, has made six appointments at both the corporate and community level.
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Rieber Developments Announces 12-Story Mixed-Use Complex to Include Seniors Housing Near Miami
AVENTURA, Fla. — Rieber Developments has unveiled plans for 12|12 Aventura, a mixed-use project with offices for medical professionals, a luxury senior living component and retail. The project is planned for a plot in Aventura, a northern suburb of Miami.
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DCHFA Issues $50M in Bonds for Construction of Affordable Assisted Living Community in Washington, D.C.
WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) has issued $50 million in bond financing for the construction of The Residences at Southern Avenue in Washington, D.C.
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KeyBank Provides $111.1M Freddie Mac Financing for 14-Property Brookdale Portfolio
BRENTWOOD, Tenn. — KeyBank Real Estate Capital has secured an $111.1 million Freddie Mac loan for Brookdale Senior Living. Based in Brentwood, the publicly traded company is the largest owner and operator of seniors housing in the United States.
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Summit Contracting Group Starts Construction of $10M Affordable Community in Pensacola, Florida
PENSACOLA, Fla. — Florida-based general contractor Summit Contracting Group has started construction on Lucas Creek, an affordable seniors housing development in Pensacola, located on the panhandle near the Alabama border.
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NHI Provides $10.8M Construction Loan for Assisted Living Community in Wisconsin
OSHKOSH, Wis. — National Health Investors Inc. (NYSE: NHI) will fund a $10.8 million construction loan for a 66-bed assisted living and memory care community in Oshkosh, located along Lake Winnebago between Green Bay and Milwaukee.
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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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