Sunday, June 1, 2025
Read the Magazine Subscribe

News

CCRCDevelopmentNewsNorth Carolina

Liberty Breaks Ground on Hayes Barton Place CCRC in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Liberty Senior Living has broken ground on Hayes Barton Place, a seniors housing community in Raleigh. Scheduled to open in 2024, the property is just three miles northwest of the heart of downtown Raleigh. A continuing care retirement community, Hayes Barton Place will feature an undisclosed number of independent living, assisted living, memory care, skilled nursing and rehabilitation units. Project partners include Grubb Ventures, Williams Realty and Building CO., Brasfield & Gorrie, WithersRavenel, Clancy and Theys Co., LS3P and Liggett Design Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceFloridaNewsSkilled Nursing

VIUM Capital Funds $61.6M Acquisition Financing for Three-Property Skilled Nursing Portfolio in Florida

by Jeff Shaw

FLORIDA — VIUM Capital has provided a $61.6 million loan for the acquisition of a three-property skilled nursing portfolio in Northeast Florida. The portfolio totals 357 beds. The financing features a potential earn-out of $6.7 million. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsPeople

Healthpeak Promotes Scott Brinker to CEO as Tom Herzog Steps Down

by Jeff Shaw

DENVER — Healthpeak Properties Inc. (NYSE: PEAK), a Denver-based REIT, has promoted Scott Brinker from chief investment officer to chief executive officer and elected him to the company’s board of directors. Brinker replaces Tom Herzog, “who mutually agreed with the board to step down as chief executive officer and from the board to pursue other endeavors,” according to a press release from Healthpeak. Healthpeak also announced that Scott Bohn, executive vice president and co-head of life sciences, was appointed chief development officer and Adam Mabry, previously senior vice president of …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceKeyBankNewsNorth Carolina

KeyBank Provides $53.1M Agency Loan for Waltonwood Lake Boone in Raleigh

by Jeff Shaw

RALEIGH, N.C. — KeyBank Real Estate Capital has provided a $53.1 million Fannie Mae loan from Fannie Mae for Waltonwood Lake Boone, a 181-unit seniors housing community in Raleigh. The property offers independent living, assisted living and memory care units. Charlie Shoop of KeyBank arranged the 10-year, fixed-rate loan on behalf of the borrower, Singh Development, a real estate developer with offices in Raleigh and West Bloomfield, Mich. The financing recapitalizes a loan that KeyBank’s Healthcare Group originated in 2019, a year after Waltonwood Lake Boone opened.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingNewsWashington

PEF Advisors Acquires 75-Unit Rainier Vista Affordable Community in Pacific, Washington

by Jeff Shaw

PACIFIC, Wash. — Preservation Equity Fund Advisors (PEF Advisors) has purchased Rainier Vista, an affordable seniors housing property in Pacific. Terms of the transaction were not released. Originally developed in 2003 with low-income housing tax credits, Rainier Vista offers one three-story building with 75 one- and two-bedroom units for affordable housing for seniors age 55 and older. The community includes 20 units designated for residents earning 30 percent of area median income (AMI), 25 units for residents at 50 percent AMI and five units for residents at 60 percent AMI. …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsMassachusettsNewsSkilled Nursing

Blueprint Negotiates Sale of 165-Bed Advocate Healthcare of East Boston

by Jeff Shaw

BOSTON — Blueprint Healthcare Real Estate Advisors has arranged the sale of Advocate Healthcare of East Boston, located across the harbor from downtown Boston. The 165-bed, five-story skilled nursing facility, originally constructed in 1952 and expanded in 1965, has been a fixture in the Orient Heights neighborhood of East Boston for decades, according to Blueprint. The exiting owner-operator invested in a substantial renovation of the adult day care services wing as well as general improvements throughout the facility. Additionally, the facility has received a Determination of Need (DON) approval for …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceNewsOregon

Ziegler Arranges $42.4M Refinancing for Rose Villa in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — Ziegler has arranged a $42.4 million Cinderella bank placement, as well as a $7 million taxable revolving line of credit, for Rose Villa, a continuing care retirement community in Portland. Situated on 21.5 acres, the community currently features 261 independent living homes, 16 nursing beds and 16 residential care beds. In addition, Rose Villa’s Phase III project adding 41 new independent living homes and a replacement supportive care neighborhood has come online with move-ins beginning in July 2022. Phase III was fully presold. Truist Bank will provide …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNews

Newmark Brokers $300M Sale of Eight-Property Seniors Housing Portfolio in Western Canada

by Jeff Shaw

VANCOUVER — Newmark Group Inc. has brokered the sale of eight seniors housing communities in Western Canada for more than $300 million. H&H Total Care Services sold the 1,092-unit portfolio to a joint venture between Axium Infrastructure and Optima Living. Newmark’s Mark Gallagher, BJ Bhal and Dave Kalinowsky represented the seller on the transaction. “This strategic portfolio transaction provides the joint venture partnership with immediate scale and considerable market share of funded seniors housing residences in Western Canada,” says Gallagher. The portfolio is relatively new, with an average building age …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceKansasNews

Lument Provides $21.6M Fannie Mae Loan for Eaglecrest Retirement Community in Salina, Kansas

by Jeff Shaw

SALINA, Kan. — Lument has provided a Fannie Mae DUS loan to refinance Eaglecrest Retirement Community in Salina. Located approximately 180 miles west of Kansas City and 90 miles north of Wichita, the community features 102 units of independent living and assisted living. The operator is Midwest Health and it was built in 2004. Lument Managing Directors Bill Wilson, Doug Harper and Casey Moore led the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts