News

Lancaster Pollard Arranges $20.7M Refinancing for 400-Bed Skilled Nursing Portfolio in Texas

by Jeff Shaw May 30, 2019

JACKSONVILLE, LONGVIEW, GRANBURY and WOODVILLE, Texas — Lancaster Pollard Mortgage Company has arranged $20.7 million in HUD financing for a skilled nursing portfolio located throughout East Texas.

May 30, 2019

California Development News

Cadence Living Breaks Ground 97-Unit Community Near Los Angeles

by Jeff Shaw May 30, 2019

RANCHO CUCAMONGA, Calif. — Cadence Living has broken ground ground on Cadence at Rancho Cucamonga, a seniors housing community in the Town Center neighborhood of Rancho Cucamonga, approximately 40 miles east of Los Angeles.

May 30, 2019

Company News Finance News

HCP Expands Credit by $750M

by Jeff Shaw May 30, 2019

IRVINE, Calif. — HCP Inc. (NYSE: HCP), an Irvine-based healthcare REIT, has closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility.

May 30, 2019

Acquisitions California News

ESI Arranges $12.8M Sale of Community in San Luis Obispo, California

by Jeff Shaw May 29, 2019

SAN LUIS OBISBO, Calif. — Evans Senior Investments (ESI) has arranged the sale of The Manse on Marsh, an 87-unit independent living and assisted living community in San Luis Obispo.

May 29, 2019

Affordable Housing Development New York News

Public-Private Partnership Receives $6M Loan for Affordable Community in Manhattan

by Jeff Shaw May 29, 2019

NEW YORK CITY — The Community Preservation Corp. (CPC), Project FIND, the Joint Ownership Entity New York City (JOE NYC), and the New York City Department of Housing Preservation and Development (HPD) have received a $6 million Fannie Mae Multifamily Affordable Housing loan to finance the rehabilitation and preservation of The Hargrave House.

May 29, 2019

Development Illinois News

LCS Completes Renovation, Rebranding of Community in Illinois

by Jeff Shaw May 29, 2019

GODFREY. Ill. — Life Care Services has completed a renovation project at The United Methodist Village, which has now been renamed Asbury Village. The seniors housing property is located in Godfrey, approximately 25 miles north of St. Louis.

May 29, 2019

Company News News People

United Group Hires Mark Marasciullo as Chief Investment Officer

by Jeff Shaw May 29, 2019

TROY, N.Y. — The United Group of Companies Inc. has hired Mark Marasciullo as the company’s new chief investment officer.

May 29, 2019

News Operations People South Carolina

Watercrest Appoints Joy Patterson as Executive Director of Community in South Carolina

by Jeff Shaw May 29, 2019

COLUMBIA, S.C. — Watercrest Senior Living Group has hired Joy Patterson as executive director of Watercrest Columbia Assisted Living and Memory Care in Columbia.

May 29, 2019

California Development News

WellQuest Breaks Ground on Community Near Sacramento

by Jeff Shaw May 28, 2019

GRANITE BAY, Calif. — WellQuest Living has broken ground on WellQuest of Granite Bay, a seniors housing community in Granite Bay, approximately 25 miles northeast of Sacramento.

May 28, 2019

Finance News Skilled Nursing Texas

Lancaster Pollard Arranges $42M Bridge Financing for Texas Skilled Nursing Portfolio

by Jeff Shaw May 28, 2019

TEXAS — Lancaster Pollard Mortgage Company has arranged two bridge loans totaling $42 million for The Aboretum Group.

May 28, 2019

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