LEMONT, Ill. — Englewood Construction, a builder based in the Chicago suburb of Lemont, has donated 100 gallons of hand sanitizer and 100 gallons of surface sanitizer to a senior living client that was experiencing shortages of the critical items across its network of facilities due to the COVID-19 pandemic. “Our ongoing renovation and remodeling projects at senior living communities have paused as operators limit facility access to essential staff, but we have remained in close communication with those clients to make sure we are continuing to be of assistance …
News
PEKIN, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Hallmark House, a 71-bed skilled nursing facility in the Peoria suburb of Pekin. A private, California-based owner sold the community. The buyer continued with the acquisition despite the complications of the COVID-19 pandemic. Although the price and buyer were not disclosed, Craig Casagrande and Andrew Jones of Capital Funding Group provided a $16.8 million bridge-to-HUD loan for the acquisition. Ryan Saul of SLIB facilitated the sale.
WASHINGTON, D.C. — The American Health Care Association and National Center for Assisted Living (AHCA/NCAL), D.C.-based organizations representing more than 14,000 nursing homes, assisted living communities and other long-term care facilities, are pushing for widespread COVID-19 testing across the seniors housing industry. Dr. Deborah Birx, White House coronavirus task force coordinator, recently laid out steps to prioritize long-term care facilities when it comes to virus testing. Mark Parkinson, president and CEO of AHCA and NCAL, issued a statement in response. “We’re hearing from our nursing homes and assisted living communities …
NAPLES, Fla. — Gates Construction has completed The Pineapple House at Sapphire Lakes, a seniors housing community in Naples. Senior Care Residence Sapphire Lakes at Naples LLC and its partners own and operate the property. The two-story, 115,381-square-foot asset features 127 units of assisted living and memory care. Partners on the project include Michael Kerner, Development Consulting LLC, Phoenix Associates of South Florida Inc., IAK Florida Design LLC, Ulrike Kerner and Lotus Architecture.
The number of U.S. nursing home deaths from the COVID-19 pandemic has eclipsed 10,700, accounting for nearly a quarter of the country’s total death toll, according to a survey by the Wall Street Journal. The survey gathered information from 35 states that either publicly share that data or responded to the newspaper’s requests for information. Key states such as Ohio and Washington did not provide data, suggesting that the number is actually considerably higher. The total U.S. death toll from COVID-19 passed 46,000 on Wednesday, according to data from Johns …
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has hired David Travis as its senior vice president and chief accounting officer, effective May 1. He joins the Murfreesboro-based REIT to replace Ron Reel, who is retiring at the end of the year. Travis has over 20 years of accounting and financial reporting experience including over 12 years as a chief accounting officer for publicly traded healthcare REITs. Prior to joining NHI, he was the chief accounting officer with MedEquities Realty Trust Inc. from 2014 through the completion of its …
MONTANA — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 338 beds in Montana. The seller is a national operator that was looking to leave the state to focus on other markets. The undisclosed buyer assumed the seller’s HUD debt against the properties. The price and locations of the facilities were not disclosed.
ANNAPOLIS, Md. — Bob Kramer, the founder of the National Investment Center for Seniors Housing & Care, has announced he is launching a consulting firm for the aging-services industries named Nexus Insights. Based in Annapolis, NIC is a nonprofit data and reporting service that works exclusively with seniors housing. Kramer served as the organization’s CEO for 27 years before retiring from the role, but still serves as a strategic advisor. His new company is also based in Annapolis. In addition to seniors housing companies, Nexus will work with technology, healthcare, …
WASHINGTON, D.C. — Although a new federal law enacts a moratorium on some multifamily evictions during the COVID-19 pandemic, it is unlikely that this will apply to seniors housing communities, according to a note that the American Seniors Housing Association (ASHA) sent to its members on Tuesday, April 21. The Washington, D.C.-based organization’s legal counsel, Paul Gordon of law firm Hanson Bridgett, wrote the letter. “Section 4024 of the CARES Act, the comprehensive federal law responding to the COVID-19 pandemic, provides for a temporary moratorium on eviction filings for certain …
PHOENIX — Berkadia’s Seniors Housing & Healthcare group has provided $50.3 million in financing for four separate deals encompassing ten seniors housing properties. In the first transaction, Ed Williams secured a $5.5 million refinancing for a 51-unit assisted living and memory care community in Georgia for a repeat Southeast-based client. The property was constructed in two phases, with the last phase completed in 2008. The community’s historical occupancy has averaged over 90 percent. The Fannie Mae loan, which refinances existing HUD debt, has a 10-year term and two years of …