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Assisted LivingDevelopmentNewsNorth Carolina

Waltonwood Senior Living Plans 95-Unit Community in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Waltonwood Senior Living has released plans for Waltonwood Lead Mine, an assisted living and memory care community set to open in Raleigh in fall 2025.  The community will feature 95 units, including 65 for assisted living and 30 for memory care. The site is near Crabtree Valley Mall and the North Hills area, which Waltonwood selected to provide convenient access to local amenities and services. Partners on the project include Cline Design Architects, Lighthouse Engineering, Hauser Creech Structural Engineers, Singh Development and Choate Construction.

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DevelopmentMassachusettsNews

LCB Completes Renovations at Residence at Paine Estate in Wayland, Massachusetts

by Jeff Shaw

WAYLAND, Mass. — LCB Senior Living has completed a renovation project at the Residence at Paine Estate in Wayland, approximately 15 miles west of Boston. The property, which sits alongside the Sudbury River, was purchased in the early 1900s by Edwin Farnham Greene, who built a brick mansion and installed gardens overlooking the river. In 1926, he sold the site to Frank and Virginia Paine and it became known as Paine Estate.  Frank Paine was the son of a Civil War general who earned his fortune by investing in the …

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AcquisitionsAlabamaFinanceGeorgiaLouisianaNewsSkilled NursingTennessee

Dwight Mortgage Trust Provides $142M Acquisition Financing for Skilled Nursing Portfolio in the Southeast

by Jeff Shaw

ATLANTA; MEMPHIS, Tenn.; MOBILE, Ala.; and SHREVEPORT, La. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime urban areas surrounding Atlanta, Memphis, Mobile and Shreveport.  The properties include Bell Minor Home, Cambridge Post Acute Care Center, Nurse Care of Buckhead, Riverside Health Care Center, Rockdale Healthcare Center, Westminster Commons, Millington Healthcare Center, Parkway Health and Rehabilitation Center, Kensington Health and Rehabilitation, and Highland Place Rehabilitation and Nursing.  Collectively, these facilities total …

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FeaturesInvestmentNews

NIC MAP Vision: Seniors Housing Needs $275B in New Investment by 2030 to Meet Demand

by Jeff Shaw

RALEIGH, N.C. — As the number of people age 80 and older continues to grow rapidly, the United States will not have enough seniors housing to meet this demand in the next five years.  This is according to detailed projections from NIC MAP Vision, a Raleigh-based seniors housing data and analytics firm. NIC MAP Vision’s report — Senior Housing Outlook — highlights a critical shortage of developments amid rapidly growing demand, emphasizing the need for immediate action and the ripe opportunity for investors. According to NIC MAP Vision data, the current seniors …

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FinanceNews

Berkadia Arranges $329.7M in Financing for 12 Properties

by Jeff Shaw

NEW YORK CITY — Berkadia Seniors Housing & Healthcare has worked with Poppy Bank to close loans for 12 different seniors housing properties totaling over $329.7 million of bridge debt. Chris Cain of Berkadia Seniors Housing & Healthcare, alongside Steve Ervin, secured the financing. The 12 properties total 1,597 units. Further details were not disclosed.

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AcquisitionsNewsOhioSkilled Nursing

Ziegler Brokers Sale of 206-Bed Skilled Nursing Portfolio in Ohio

by Jeff Shaw

OHIO — Ziegler has acted as sell-side financial advisor to the sale of a portfolio located in Northern Ohio. The portfolio comprised three buildings consisting of 182 skilled nursing beds and 24 behavioral health beds. The seller is a leading nonprofit organization dedicated to providing affordable housing, healthcare and supportive services to various populations, including seniors, veterans and families in need. The portfolio represents the organization’s only healthcare properties in Ohio. The buyer is a privately held, for-profit owner and operator based in Englewood Cliffs, New Jersey, that intends to …

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NewsPeople

Senior Resource Group Appoints Rob Henderson as Chief Operating Officer

by Jeff Shaw

SAN DIEGO — Senior Resource Group LLC (SRG) has promoted Rob Henderson to chief operating officer. Henderson joined SRG last year as vice president of operations, where he oversaw several of SRG’s communities.  With more than 26 years of experience in all operational facets of senior living, including independent living, assisted living, memory care and skilled nursing, Henderson has held executive leadership roles in Southern California-based senior living companies serving residents nationwide. Headquartered in San Diego, SRG owns, develops and operates independent living, assisted living and memory care communities across …

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AcquisitionsIndependent LivingNewsNorth CarolinaOperations

Focus Healthcare Properties Names Solera as Operator of The Willows at Raleigh Independent Living Community

by Jeff Shaw

RALEIGH, N.C. — Solera Senior Living, a Denver-based operator, developer and investor of senior living communities across the U.S., has been named the operator of The Willows at Raleigh, an independent living community in Raleigh. Focus Healthcare Properties recently acquired the property.  The Willows offers 143 independent living residences. It is located in a residential area with easy access to big-city amenities. Residents are near shopping and dining, as well as major attractions in the capital city: North Carolina State University, the NC State Fairgrounds, Millbrook, Wake Forest and Falls …

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Affordable HousingDevelopmentFloridaNews

FK Architecture Designs $25M The Fountains at Hidden Lake  Affordable Community in Crystal River, Florida

by Jeff Shaw

CRYSTAL RIVER, Fla. — FK Architecture has completed design work for The Fountains at Hidden Lake, an affordable seniors housing facility along Florida’s Nature Coast, and the project is now under construction.  The seven-acre community will encompass 81,000 square feet of living space in addition to amenities space.  Housing Trust Group (HTG) is developer for the four-story, $25 million community. It will feature 81 one- and two-bedroom units for residents over age 62 who earn at or below 40 and 60 percent of the region’s median income. Individual units, ranging …

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FinanceIdahoNewsSkilled NursingWashington

Capital Funding Group Provides $42M HUD Financing Package for Three Skilled Nursing Facilities

by Jeff Shaw

WASHINGTON and IDAHO — Capital Funding Group (CFG) has provided a HUD financing package totaling $42 million. The package included three loans supporting the refinancing of existing bridge loans for three skilled nursing facilities: Tim Eberhardt and Ava Julio originated the transaction. The borrower was not disclosed.

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