News

CBRE Arranges $15M Fannie Mae Loan for Community in Southern California

by Jeff Shaw June 25, 2019

TUSTIN, Calif. — CBRE has arranged $15 million in Fannie Mae financing for The Groves of Tustin.

June 25, 2019

Affordable Housing Arizona Development News

Weitz to Build Two Arizona State Veteran Homes

by Jeff Shaw June 25, 2019

YUMA and FLAGSTAFF, Ariz. — The Weitz Company and Arizona Department of Veterans’ Services (ADVS) are preparing to break ground on a new Arizona State Veteran Home in Yuma. This will be the second such home built by the partnership, having recently broken ground on another in Flagstaff.

June 25, 2019

News People

New Senior Appoints Justin Hutchens to Board of Directors

by Jeff Shaw June 25, 2019

NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR), a publicly traded seniors housing owner-operator based in New York, has appointed Justin Hutchens as an independent director to the company’s Board of Directors.

June 25, 2019

Development News Texas

Construction Begins on Two Pi Architects Projects in Texas

by Jeff Shaw June 24, 2019

SAN MARCOS and GEORGETOWN, Texas —Developers have broken ground on two Pi Architects-designed seniors housing projects in San Marcos and Georgetown, both located outside Austin.

June 24, 2019

Acquisitions Memory Care News Texas

Realty Capital Partners, Matteo Realty Partners Acquire Memory Care Community in Dallas

by Jeff Shaw June 24, 2019

DALLAS — A joint venture between Realty Capital Partners (RCP) and Matteo Realty Partners has acquired the former Silverado Memory Care of Turtle Creek, located in the Turtle Creek neighborhood of Dallas.

June 24, 2019

Finance Georgia News Texas

Lancaster Pollard Arranges $24M Financing for Communities in Georgia, Texas

by Jeff Shaw June 24, 2019

WARNER ROBINS, Ga., and CYPRESS, Texas — Lancaster Pollard Mortgage Company, a division of ORIX Real Estate Capital, has arranged financing for seniors housing communities in the Macon suburb of Warner Robins and the Houston suburb of Cypress.

June 24, 2019

Acquisitions Finance News North Carolina

Contemporary Provides $1.4M Mezzanine Loan for Skilled Nursing Acquisition in North Carolina

by Jeff Shaw June 24, 2019

HENDERSONVILLE, N.C. — Contemporary Healthcare Capital has provided a $1.4 million mezzanine loan to affiliates of The Portopiccolo Group for the acquisition of a skilled nursing facility in Hendersonville.

June 24, 2019

News People

Ascension Appoints Danny Stricker to Lead New Post-Acute Services Division

by Jeff Shaw June 24, 2019

ST. LOUIS — Ascension, a St. Louis-based senior living and healthcare provider, has appointed Daniel “Danny” Stricker to lead the company’s new skilled nursing division, Ascension Post-Acute Services.

June 24, 2019

Assisted Living Development Florida News

Autumn Senior Living, Small Brothers Plan 170,000 SF Community Near Tampa

by Jeff Shaw June 21, 2019

CLEARWATER, Fla. — A partnership between Autumn Senior Living and Small Brothers LLC has unveiled plans for Aravilla Clearwater, a 170,000-square-foot assisted living and memory care community in Clearwater, a coastal suburb of Tampa.

June 21, 2019

Acquisitions Assisted Living California Nevada News Oregon

Walter Bowen Sells Six-Property Portfolio, Exits Assisted Living Sector

by Jeff Shaw June 21, 2019

PORTLAND, Ore. — Walter Bowen, real estate developer, founder of BPM Real Estate and an early pioneer in the assisted living industry, has sold six seniors housing communities. The disposition marks Bowen’s exit from the seniors housing industry.

June 21, 2019

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