Moceri Opens 44-Acre Senior Living Campus in Michigan
OAKLAND TOWNSHIP, Mich. — Moceri Cos. has opened Blossom Ridge, a 44-acre independent living community in Oakland Township, approximately 30 miles north of Detroit.
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Real Capital Markets: Investment Outlook Strong Despite Slowdown in Sales, Construction
CARLSBAD, Calif. — Seniors housing investment and construction in the United States slowed in the first part of 2019, but investors are confident in the long-term outlook for this sector, according to a “Senior Housing Snapshot” report by Real Capital
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Blueprint Arranges Lease of 444-Bed Skilled Nursing Portfolio in Metro St. Louis
ST. LOUIS — Blueprint Healthcare Real Estate Advisors has arranged the lease of a three-property, 444-bed skilled nursing portfolio, located in the St. Louis metro area.
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SunTrust Provides $69.5M Acquisition Financing for Three-Property Portfolio in California
LOS ANGELES and OAKLAND — SunTrust Banks Inc. (NYSE: STI) has provided $69.5 million in financing to support Watermark Retirement Communities and Kayne Anderson’s acquisition of three senior living communities in California.
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Blake, Cardinal Ventures Plan 88,000 SF Community in South Carolina
GREENVILLE, S.C. — Cardinal Ventures Inc., together with Blake Management Group, has unveiled plans for The Blake at Hollingsworth Park, a resort-style senior living community in Greenville.
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Blueprint Negotiates Sale of 150-Bed Skilled Nursing Facility in Ohio
COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 150-bed skilled nursing facility in the Columbus suburbs.
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Tutera Prepares to Open $55M Community in Kansas City
KANSAS CITY, Mo. — Tutera Senior Living & Health Care will open the first units at its newest Tutera Senior Living & Health Care location starting in June. The property is in the Tiffany Springs neighborhood of Kansas City.
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Walker & Dunlop Arranges $52M Refinancing for Colorado Seniors Housing Portfolio
COLORADO SPRINGS and CENTENNIAL, Colo. — Walker & Dunlop has structured $52 million in financing to refinance three seniors housing properties totaling 196 units in Colorado Springs and Centennial.
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Argentum Unveils Data, Workforce, Dining Initiatives
SAN ANTONIO — During its annual Senior Living Executive Conference in San Antonio this week, seniors housing advocacy group Argentum revealed a host of new initiatives for the organization. Among them were drives to offer data on the widespread effects
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Hunt Capital Partners Provides $2.1M Tax Credit Financing for Affordable Development in Maine
INDIAN ISLAND, Maine — Hunt Capital Partners has funded $2.1 million in federal low-income housing tax credit (LIHTC) equity financing for the construction of Penobscot Elder Homes.
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Oakmont Hires Ted Burgess as Executive Director of Upcoming Community in Southern California
CAMARILLO, Calif. — Oakmont Senior Living has named Ted Burgess as the executive director of Oakmont of Camarillo. Located approximately 60 miles west of Los Angeles, the community is scheduled to open by the end of 2019.
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HJ Sims Arranges $201.1M Financing for CCRC Expansion in Virginia
NORFOLK, Va. — HJ Sims has arranged $201.1 million in financing for the construction of a new residential tower at Harbor’s Edge, a continuing care retirement community in Norfolk.
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Blueprint Brokers $282.5M Sale of Skilled Nursing Portfolio in Texas, Louisiana
TEXAS and LOUISIANA — Blueprint Healthcare Real Estate Advisors has arranged the $282.5 million sale of 28 skilled nursing facilities in Texas and Louisiana.
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Argentum Elects Six New Directors, Unveils Women in Leadership Initiative
SAN ANTONIO — Argentum, a seniors housing advocacy group, has elected six new directors to its board, as well as announced a new initiative to celebrate the accomplishments of women leaders in seniors housing. The announcements were made at Argentum’s
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Greystone Provides $24M Refinancing for Assisted Living Facility in New Jersey
NEW JERSEY — Greystone has provided a $24 million Fannie Mae loan to refinance a 138-unit assisted living facility in New Jersey.
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Tapestry Senior Living to Open 224-Unit Community Near Pittsburgh
CORAOPOLIS, Pa. — Tapestry Senior Living has announced it will open Tapestry Moon Township in June.
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Woda Cooper Opens Shepard Greene Affordable Community in North Carolina
ZEBULON, N.C. — Woda Cooper Cos. has cut the ribbon on Shepard Greene, a 50-unit affordable seniors housing community in Zebulon, approximately 20 miles east of Raleigh.
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Mogharebi Group Brokers $6.8M Sale of Community in San Bernardino, California
SAN BERNARDINO, Calif. — The Mogharebi Group (TMG) has arranged the sale of Bernardine Senior Independent Living, a 71-unit community in San Bernardino, approximately 60 miles east of Los Angeles.
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Blueprint Negotiates $6.7M Sale of Skilled Nursing Facility Near Columbus, Ohio
NEWARK, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 99-bed skilled nursing facility in Newark, approximately 30 miles east of Columbus.
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Meta Housing Breaks Ground on $51.4M Affordable Community in Los Angeles
LOS ANGELES — Meta Housing Corp., a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based nonprofit corporation, has broken ground on Vermont Corridor Apartments.
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NIC: Seniors Housing Occupancy Rose Slightly to 88.1 Percent in First Quarter
ANNAPOLIS, Md. — The occupancy rate for seniors housing across the United States remained virtually unchanged at 88.1 percent in the first quarter of 2019, according to the National Investment Center for Seniors Housing & Care (NIC), a nonprofit organization
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Tech Firm Sentrics Acquires Detection Sensor Company Silversphere
CHICAGO and DAYTONA BEACH, Fla. — Sentrics, a Chicago-based technology firm serving the senior living industry, has acquired Daytona Beach-based sensor and detection technology company Silversphere.
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PGIM Funds $15.3M Financing for Two Morning Pointe Communities in Kentucky
DANVILLE and RUSSELL, Ky. — PGIM Real Estate Finance has provided a combined $15.3 million for two Morning Pointe senior communities in Kentucky.
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The Economic Club of Chicago Names Deb Cafaro as Chair
CHICAGO — The Economic Club of Chicago, a nonprofit organization focused on economic and social dialogues, has named Debra Cafaro to a two-year term as its chair of the board.
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Greystone Funds $58.8M HUD Refinancing for Hamptons Skilled Nursing Facility
SOUTHAMPTON, N.Y. — Greystone has provided a $58.8 million HUD-insured loan to refinance a skilled nursing facility in Southampton.
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Oxford Finance Provides $96M Credit Facility for Summit Healthcare REIT Portfolio Acquisition
LAKE FOREST, Calif. — Oxford Finance LLC has provided a $96 million term loan to an affiliate of Summit Healthcare REIT Inc. The funds were used to purchase 14 skilled nursing and assisted living facilities in Indiana totaling over 1,100
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SunTrust Provides $29.5M Acquisition Financing for 10-Property Portfolio in Southeast
MEMPHIS, Tenn. — SunTrust Banks Inc. (NYSE: STI) has provided $29.5 million in financing to support Hickory Senior Living’s acquisition of The Cottages, a 10-facility seniors housing portfolio.
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