News

Holiday Retirement Takes Over Operations of Community in Central Michigan

by Jeff Shaw November 4, 2019

FRANKENMUTH, Mich. — Holiday Retirement has taken over management duties at Independence Village Frankenmuth, an independent living community in the Saginaw County city of Frankenmuth.

November 4, 2019

Acquisitions Assisted Living Company News News

New Senior Agrees to Sell Entire Assisted Living Portfolio for $385M, Focus Solely on Independent Living

by Jeff Shaw November 1, 2019

NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR), a New York-based seniors housing REIT, has agreed to sell its entire assisted living and memory care portfolio for $385 million. The portfolio comprises 28 properties across 14 states totaling 2,840 units. The deal will leave the company with 102 independent living properties and one continuing care retirement community.

November 1, 2019

Affordable Housing Development News Washington

Alliant Capital Completes 295-Unit Affordable Community at Former Shopping Center Near Seattle

by Jeff Shaw November 1, 2019

LYNNWOOD, Wash. — Alliant Capital has completed construction of The Reserve at Lynnwood, a 295-unit affordable seniors housing community in Lynnwood, approximately 15 miles north of Seattle.

November 1, 2019

Active Adult Development Georgia News

Holbrook Completes $74M Active Adult Project Near Atlanta

by Jeff Shaw November 1, 2019

DECATUR, Ga. — Holbrook has completed construction of Holbrook Decatur, a 200-unit active adult community roughly 10 miles northwest of downtown Atlanta.

November 1, 2019

Acquisitions Idaho News Skilled Nursing

Blueprint Negotiates Sale of 119-Bed Skilled Nursing Facility in Idaho

by Jeff Shaw November 1, 2019

REXBURG, Idaho — Blueprint Healthcare Real Estate Advisors has brokered the sale of Rexburg Care Center, a 119-bed skilled nursing facility in Rexburg, approximately 50 miles west of the Wyoming border.

November 1, 2019

Finance News People

Monticello Asset Management Appoints Kim Gordon to Oversee Working Capital Division

by Jeff Shaw November 1, 2019

NEW YORK CITY — Monticello Asset Management, a New York-based private real estate and asset-based lender, servicer and manager has appointed Kim Gordon as managing director of working capital.

November 1, 2019

Acquisitions California Finance News

Greystone Provides $44M in Freddie Mac Financing for Acquisition Near San Francisco

by Jeff Shaw October 31, 2019

DALY CITY, Calif. — Greystone has provided a $44 million loan for the acquisition of a 207-unit seniors housing property in Daly City, just south of San Francisco.

October 31, 2019

Acquisitions Finance Massachusetts News

Walker & Dunlop Funds $28M Bridge Financing for Pleasant Bay Campus on Cape Cod

by Jeff Shaw October 31, 2019

BREWSTER, Mass. — Walker & Dunlop has provided $28.3 million in bridge financing for the acquisition of Pleasant Bay, a 25-acre seniors housing campus in the Cape Cod town of Brewster.

October 31, 2019

California Development News

Parkview Financial Provides $28M Construction Loan for Paradise Senior Apartments in California

by Jeff Shaw October 31, 2019

NATIONAL CITY, Calif. — Parkview Financial has funded a $28 million construction loan for the development of Paradise Senior Apartments, a 126-unit age-restricted multifamily property in National City.

October 31, 2019

Company News News People

BREAKING: HCP Changes Name to Healthpeak Properties, Announces Series of Executive Promotions

by Jeff Shaw October 30, 2019

IRVINE, Calif. — HCP Inc. (NYSE: HCP), one of the “Big Three” seniors housing REITs, has changed its name to Healthpeak Properties Inc. effective immediately. Its stock will begin trading under its new ticker symbol (NYSE: PEAK) starting Nov. 5.

October 30, 2019

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