News

FinanceNewsWashington

JLL Capital Markets Arranges $29.6M Refinancing for Mirror Lake Village Seniors Housing Community Near Seattle

by Jeff Shaw

FEDERAL WAY, Wash. — JLL Capital Markets has arranged a $29.6 million refinancing for Mirror Lake Village, a Class A seniors housing community situated on three acres at 3100 9th Place in SW in Federal Way. Mirror Lake Village features 30 assisted living units, 66 memory care units and 18 independent living cottages averaging 378 square feet. The community also features an outdoor courtyard with covered patio, common dining room, commercial kitchen, hair salon, theater, library and exercise room. Alanna Ellis of JLL Capital Markets represented the borrower, Mirror Lake …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceMichiganNewsOhioSkilled NursingWisconsin

Lument Provides $87M in HUD-Insured Loans for Refinancing of Midwest Skilled Nursing Portfolio

by Jeff Shaw

OHIO, MICHIGAN and WISCONSIN — Lument has provided $87 million in HUD 232/223(f) loans for the refinancing of a portfolio of nine skilled nursing facilities located in Ohio, Michigan and Wisconsin.  The properties total 691 beds. The operator, Atrium Centers Inc., provides short-term, post-acute rehabilitation and long-term nursing care. Each of the nine loans features a fixed interest rate.  HUD 232/223(f) loans allow for the purchase or refinancing of nursing homes and assisted living facilities.

Continue Reading
1 FacebookTwitterLinkedinEmail
DelawareNewsPeople

LCS Hires Leslie Johnson as Executive Director of Foulk Living in Wilmington, Delaware

by Jeff Shaw

WILMINGTON, Del. — Life Care Services has hired Leslie Johnson as executive director at Foulk Living, a seniors housing community in Wilmington.  Johnson has worked in senior living for 13 years. Having majored in dietetics in, she started her career as a dietitian in a large healthcare system. Her field of study had appealed to her because of the role that nutrition plays in disease management and prevention and, by extension, quality of life. Johnson has served as a healthcare administrator at several different sites.

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceIndependent LivingNewsVirginia

Ziegler Arranges $71M Bond Financing for Shenandoah Valley Westminster-Canterbury in Winchester, Virginia

by Jeff Shaw

WINCHESTER, Va. — Ziegler has arranged $71 million in bond financing for Shenandoah Valley Westminster-Canterbury (SVWC), a continuing care retirement community (CCRC) in Winchester, approximately 75 miles west of Washington, D.C. SVWC was founded in 1982 and provides housing, healthcare and other services to nearly 400 residents on its 87-acre campus through the operation of 218 independent living units (164 apartments and 54 cottages), 48 assisted living units, 12 memory care units and 51 skilled nursing beds. SVWC is completing an independent living unit expansion project known as the Hackwoods, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingIndianaNews

Blueprint Brokers Sale of Community in South Bend, Indiana

by Jeff Shaw

SOUTH BEND, Ind. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in the North Indiana city of South Bend. The late 1990s-built assisted living community experienced occupancy challenges due to the COVID-19 pandemic. The name and number of units at the property were not disclosed. A national owner-operator sold the asset to a private owner partnering with a new operator, both looking to expand in the market. The price was not disclosed. The buyer group plans to reposition the asset as the premier …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingFinanceNew YorkNews

Greystone Provides $7M in Bridge Financing for Assisted Living Community in Wellsville, New York

by Jeff Shaw

WELLSVILLE, N.Y. — Greystone has provided a $7 million bridge loan to refinance acquisition debt for a 137-bed assisted living facility in Wellsville. Willow Ridge Senior Living LLC, led by principals Michael and Cayelan Morris, acquired the Allegany County facility in August 2021. Formerly known as Manor Hills, the property also includes 22 memory care beds in a separate wing. Greystone intends to pursue HUD-insured financing as a long-term permanent exit of the bridge financing. This nonrecourse, interest-only bridge loan includes an initial 24-month term with two six-month extensions.

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeopleTechnology

WelcomeHome Software Hires Derek Bambach as Senior Product Manager

by Jeff Shaw

ATLANTA — WelcomeHome Software, an Atlanta-based customer relationship management software for the seniors housing industry, has hired Derek Bambach as a senior product manager to its team. Bambach’s career includes positions at Dell Technologies Virtustream, Incentive Solutions and SunTrust now Truist, where he held roles as senior product manager and senior business analyst.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsOregon

Anthology, Formation Plan 206-Unit Community in Beaverton, Oregon

by Jeff Shaw

BEAVERTON, Ore. — Anthology Senior Living, the dedicated seniors housing platform of CA Ventures, has entered into a joint venture partnership with Formation Development Group to build Anthology of Beaverton, a 207,169-square-foot senior living community in Beaverton. Anthology expects to deliver the community in second-quarter 2024. Situated on a 5.5-acre parcel outside of Portland, Anthology of Beaverton will feature 206 luxury independent living, assisted living and memory care units. The community is located near the Tanasbourne shopping district, which includes a Whole Foods, Starbucks and Macy’s, in addition to other shopping …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingConnecticutFinanceNews

Cushman & Wakefield Arranges Refinancing for The Residence at Summer Street in Stamford, Connecticut

by Jeff Shaw

STAMFORD, Conn. — Cushman & Wakefield has arranged the refinancing of The Residence at Summer Street, a newly developed assisted living community in Stamford. The borrowers are Virtus and LCB Senior Living LLC. The amount of the financing was not disclosed. Cushman & Wakefield’s Richard Swartz, Jay Wagner, Jim Dooley and Joseph Carbone represented the borrowers in the transaction. VIUM Capital and its affiliate Merchants Bank of Indiana provided the funds. LCB, a senior living operator and developer in New England and the Mid-Atlantic, completed the community in 2018 with …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCompany NewsNewsOhioSkilled NursingWest Virginia

Lument Securities Advises Stonerise Healthcare on Whole-Company Sale

by Jeff Shaw

CHARLESTON, W.V. — Lument Securities has advised Stonerise Healthcare, a skilled nursing and transitional care provider based in Charleston, on the company’s sale. The buyer was a group consisting of a New York-based real estate investment firm and its operating partner, CommuniCare Health Services. Stonerise was founded in 2009. Its integrated network of care includes transitional and skilled nursing care, therapy, home health and hospice services, which it provides throughout West Virginia and in Southeast Ohio. The skilled nursing portfolio features 18 owned and operated facilities across West Virginia totaling …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts