ALEXANDRIA, Va., and STOUGHTON, Mass. — Oxford Finance LLC has provided a $57.2 million senior credit facility and revolving line of credit to Pointe Group Care LLC. The funds were used for working capital, refinance existing debt and support the acquisition of four additional long-term care facilities in Florida. Details on the acquisition were not disclosed. Headquartered in Stoughton, Pointe Group is an owner and operator within the skilled nursing and assisted living industry. Oxford is a specialty finance firm based in Alexandria.
BALLWIN, Mo. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of West County Care Center, a 137-bed skilled nursing facility in Ballwin, approximately 20 miles west of St. Louis. West County Care Center consists of private and semi-private rooms and provides therapy, adult daycare, memory care and respite services. A new operator took over the community in fall of 2019, stabilizing operations and improving financial metrics. The seller is a family-owned operator based in Missouri divesting of a non-core, under-performing asset. The buyer was a national, private real …
OXFORD, Fla. — Berkadia’s Seniors Housing and Healthcare Group has arranged the $15 million sale of The Willows of Wildwood, an assisted living and memory care community in the Central Florida municipality of Oxford. The Class A property opened in 2015, featuring 126 units totaling 134 beds. Tim Cobb and Brooks Minford of Berkadia completed the sale.
NEW YORK CITY — Greystone has hired C. Lamar Seats as senior vice president of FHA production. In this role, Seats will oversee origination teams at Greystone handling multifamily, affordable housing and construction finance via HUD-insured programs, including for seniors housing. Seats joins Greystone from the U.S. Department of Housing and Urban Development, where he served as deputy assistant secretary of multifamily housing programs for three years, overseeing $21 billion in production in fiscal year2020. He was previously a managing director at M&T Realty Capital Corp. and served as CEO …
NEW YORK CITY — Maplewood Senior Living and Omega Healthcare Investors Inc. (NYSE: OHI) have opened Inspīr Carnegie Hill, a high-rise seniors housing community in Manhattan’s Upper East Side neighborhood. The property is the first to open under Maplewood’s luxury Inspīr brand. Rising 23 stories, the community features 215 units of assisted living, memory care and what the company calls “enhanced care.” Claire Davenport will serve as house geriatrician through a collaboration with the Brookdale Department of Geriatrics and Palliative Medicine at the Icahn School of Medicine at Mount Sinai, …
ANNAPOLIS, Md., and RALEIGH, N.C. — The National Investment Center for Seniors Housing & Care (NIC) has acquired Raleigh-based VisionLTC, a data analytics platform serving the seniors housing industry. Together, Annapolis-based NIC and VisionLTC are creating a new company called NIC MAP Vision. The new service will integrate the NIC MAP Data Service with VisionLTC’s data for investors, owners and operators. VisionLTC’s chief executive officer Arick R. Morton will lead the new company. “NIC MAP Vision is the culmination of nearly two years of strategic planning by NIC’s board, which …
DAVENPORT and MARION, Iowa — KeyBank Real Estate Capital (KBREC) has secured $17 million of fixed-rate Federal Housing Administration loans for Bickford Senior Living, a senior living owner and operator based in Olathe, Kansas. The loans will refinance debt for Bickford of Davenport and Bickford of Marion, both located in Iowa. The buildings each were built in 1998 on 2.5 acres. Bickford of Davenport comprises 42 beds, 35 for assisted living and seven for memory care. Bickford of Marion comprises 38 beds, 31 for assisted living and seven for memory …
HUNT VALLEY, Md. — Omega Healthcare Investors Inc. (NYSE: OHI) has acquired Connected Living, a technology platform that enables communication and connection for today’s aging adult communities. For over a decade, Connected Living’s mission has been to provide technology solutions and services that inspire an aging population to connect, contribute and live each day to its fullest, according to OHI. “Human connection and engagement have always been key elements of effective resident care, and the pandemic has reinforced their importance,” says Taylor Pickett, Omega’s CEO. “Through Connected Living, we look …
SOUTHFIELD, Mich. — American House Senior Living Communities, a Southfield-based operator, has hired Mary Anderson for the role of chief human resources officer. Anderson will also serve as the chief human resources officer for affiliated companies REDICO and Continuum Services. Anderson is responsible for the creation and implementation of human resource strategies, policies, and programs across American House’s portfolio of more than 50 communities in five states. Anderson has 32 years of experience in the field of human resources and organization development. Her prior assignments have included three of the …
DENVER — Ryan Cos. US Inc. and Cadence Living have unveiled plans for Acoya Cherry Creek, a seniors housing community in the Cherry Creek neighborhood of Denver. Totaling 156,622 square feet and 137 units, the project will be the first Acoya-branded community in the Denver market and the third in Colorado. The types of care were not disclosed. According to Moore Diversified Services, the senior population in the Denver area is expected to increase by more than 26 percent over the next five years. “Not only is there a need …