PHILADELPHIA — Pennrose, a Philadelphia-based developer developer of multifamily properties including seniors housing, has promoted Patrick Stewart to regional vice president of the Maryland region. Stewart will assume responsibilities for the region following the recently announced promotion of Ivy Dench-Carter
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SUN CITY, Ariz. — Ziegler has arranged $136.8 million of public bonds and bank capital for People of Faith Inc. The borrower has planned an expansion project known as Inspirata Pointe at its existing continuing care retirement community (CCRC), Royal
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LEOMINSTER and GARDNER, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Keystone Center and Wachusett Manor, skilled nursing facilities located, respectively, in Leominster and Gardner. Both located north of Worcester near the New Hampshire border, Keystone
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NEW YORK CITY — Monticello, a New York-based lender, has arranged a total of $467 million in financing for the acquisition of a skilled nursing portfolio in the Southeast. The financing package from Monticello included $368 million in first-lien debt
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REIDSVILLE, N.C. — Live Oak Bank has provided an $8.5 million construction loan for development of a 58-unit independent living and assisted living project in Reidsville, located north of Greensboro near the Virginia border. The borrower, ALG Senior, has controlled
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HATTIESBURG, Miss. — Claiborne Senior Living has hired Cory Rogers and Amber Thomas to its corporate management team. Rogers assumes the role of regional director of operations and is responsible for communities in Mississippi, Georgia and Louisiana. He comes to
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EUGENE, Ore. — CBRE National Senior Housing has arranged a cash-out refinance for The Springs at Greer Garden, a 217-unit independent living, assisted living and memory care community in Eugene. This transaction represents CBRE’s second financing of the property. CBRE
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ILLINOIS — Ziegler served as exclusive capital structuring advisor in a $49.4 million debt placement on behalf of Symphony Care Network to finance the acquisition of a portfolio of four skilled nursing properties and one assisted living property in Illinois.
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SAN ANTONIO —Blueprint Healthcare Real Estate Advisors has negotiated a new lease for Blanco Villa Nursing and Rehabilitation, a 143-bed skilled nursing and long-term care facility in San Antonio. Built in 1967 and situated near San Antonio International Airport, the
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MADISON, Wis. — Erdman, a Madison-based development and consulting firm serving the healthcare and seniors housing industries, has promoted Rustin Becker from president and chief operating officer to president and CEO. Becker replaces Brian Happ, who will assume the chairman
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WASHINGTON, D.C. — More than half of assisted living providers say they won’t survive another year at the current operating pace due to the COVID-19 pandemic’s impact on both occupancy and expenses. That’s according to a recent survey by the
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SAN DIEGO, FULLERTON and HAWTHORNE, Calif. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of three skilled nursing facilities in Southern California on a triple-net lease basis. The properties include Golden Hill Post Acute, a 99-bed facility
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GAINESVILLE, Fla. — Alliant Capital has started construction of Deer Creek Senior, a 62-unit affordable seniors housing community in Gainesville. Units will be reserved for residents over age 62 earning up to 60 percent of the area median income. Four
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PLANO, Texas — Ziegler has closed $22.1 million of bond anticipation notes for Forefront Living Plano. The financing comprises $20.6 million in tax-exempt notes sold publicly to institutional investors and $1.5 million in taxable notes placed with affiliates of the
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BARTLETT, Ill. — Clare Oaks, a continuing care retirement community (CCRC) in the Chicago suburb of Bartlett, has emerged from Chapter 11 bankruptcy with $40 million in reduced debt and plans for a $5 million capital improvement project. The property
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KENNETT SQUARE, Pa. — Genesis Healthcare (NYSE: GEN), one of the largest post-acute care providers in the United States, has announced the retirement of George Hager as CEO and director. The Genesis board of directors has appointed the company’s current
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HAUPPAUGE, N.Y. — CBRE has arranged the sale of of The Cornerstone Hauppauge, a 98-unit active adult community in the Long Island hamlet of Hauppauge. The property opened in 2019. Terwilliger & Bartone Properties sold the asset to a joint
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CANTON, TOLEDO and ROCKFORD, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a three-property seniors housing portfolio located in Canton, Toledo and Rockford. Combined, the communities total more than 300 units. Spanning 200 miles across the
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GREEN SPRINGS, Ohio — Evans Senior Investments (ESI) has arranged the sale of Eden Springs Nursing & Rehabilitation, a 167-bed skilled nursing and assisted living community, for $3.5 million. Built in 1963 and 1993 in Green Springs, the facility consists
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CONNECTICUT — Carnegie Capital has arranged $24.5 million in financing for the construction of a 130-bed assisted living and memory care community in Connecticut. The lenders are a national, healthcare-focused bank and a participating regional bank. The borrower is a
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KNOXVILLE, Tenn. — Dominion Senior Living, a Knoxville-based owner-operator, has hired Rick Kral as the company’s vice president of wellness. Kral comes to Dominion Senior Living with over 10 years of experience in senior living. Previously, he led wellness divisions
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COLUMBUS and REYNOLDSBURG, Ohio — Ziegler has arranged $69.5 million in bond financing for The Methodist Retirement Center of Central Ohio, a nonprofit corporation doing business as The Wesley Communities. Incorporated in 1965 as a faith-based provider, The Wesley Communities
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ELLICOTT CITY, Md. — An affiliate of Livingston Street Capital, a private equity firm, has acquired Alta at Regency Crest, a 150-unit active adult multifamily community in the greater Baltimore submarket of Ellicott City. Situated near healthcare, retail and transportation,
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NEW BRAUNFELS, Texas — A joint venture between Imprint Property Group (IPG) and Batson-Cook Development Co. (BCDC) has broken ground on Larkspur at Creekside, an active adult community in the San Antonio suburb of New Braunfels. The 184-unit project marks
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AUSTINTOWN, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Victoria House in Austintown, approximately 10 minutes west of downtown Youngstown. The property features 64 units, totaling 84 licensed beds and 72 operational beds. The community opened
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IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has appointed Ann Kono to its board of directors. Kono currently serves as the chief executive officer of Leda Advisory Group, a management consulting firm she founded in January 2019
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PHILADELPHIA — Pennrose, a Philadelphia-based developer, has promoted Amon Martin to regional vice president of the Southeast, following the recent announcement of the retirement of Mark Straub. Martin joined Pennrose in 2016 as senior developer. He has led the Atlanta
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