News

KeyBank Provides $70M Development Financing for 241 Affordable Units in Lacey, Washington

by Jeff Shaw January 17, 2019

LACEY, Wash. — KeyBank Community Development Lending and Investment (CDLI) has provided $70 million in combined construction and permanent loan financing to AVS Communities.

January 17, 2019

Development Finance News

BMO Harris Funds $46.5M Development Financing for United Properties, Watercrest Community in Sarasota

by Jeff Shaw January 17, 2019

SARASOTA, Fla. — BMO Harris Bank’s Healthcare Real Estate Finance group acted as sole lender for a $46.5 million construction loan for the development of a 198-unit seniors housing community in Sarasota.

January 17, 2019

Finance News

Lancaster Pollard Arranges Two Bridge Loans Totaling $18.7M in Southeast

by Jeff Shaw January 17, 2019

WELSH, La., and SOUTHAVEN, Miss. — Lancaster Pollard recently closed a series of bridge loan transactions for seniors housing communities in the Southeast.

January 17, 2019

News

Senior Dining Association Launches Inaugural Conference, Expo

by Jeff Shaw January 17, 2019

CHARLOTTE, N.C. — The Senior Dining Association (SDA) will host the first Senior Dining Association Conference and Expo, to be held March 17-20 in Charlotte.

January 17, 2019

News People

Benchmark Hires Scott Bradshaw as Regional Director of Sales

by Jeff Shaw January 17, 2019

WALTHAM, Mass. — Benchmark has announced the hiring of Scott Bradshaw as the company’s new regional director of sales.

January 17, 2019

News

NHI Acquires 267-Unit Community Near Boston for $50.3M

by Jeff Shaw January 16, 2019

KINGSTON, Mass. — National Health Investors (NYSE: NHI) has acquired Wingate at Silver Lake, a seniors housing community just south of Boston in Kingston, for $50.3 million.

January 16, 2019

Finance KeyBank News Skilled Nursing

KeyBank Funds $33M HUD Refinancing for 199-Bed Skilled Nursing Facility in the Bronx

by Jeff Shaw January 16, 2019

NEW YORK CITY — KeyBank Real Estate Capital has provided $33 million to refinance the Bronx Gardens Rehabilitation and Nursing Center, a 199-bed skilled nursing facility in the Bronx built in 1994.

January 16, 2019

News

Occupancy Ticks Upward in Fourth Quarter as New Supply, Demand Finally Reach Balance, Says NIC

by Jeff Shaw January 16, 2019

ANNAPOLIS, Md. — The occupancy rate for seniors housing across the United States increased slightly in the fourth quarter of 2018, according to the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based non-profit organization that provides data and analytics on the sector.

January 16, 2019

Development Finance News

Dougherty Provides $20.9M Construction Loan for Affordable Property in West St. Paul, Minnesota

by Jeff Shaw January 16, 2019

WEST ST. PAUL, Minn. — Dougherty Mortgage LLC has provided a $20.9 million HUD-insured loan for the construction of Darts Senior Apartments, a 172-unit affordable seniors housing property in West St. Paul.

January 16, 2019

News Skilled Nursing

SLIB Arranges $15.5M Sale of Skilled Nursing Facility Near Tuscaloosa

by Jeff Shaw January 16, 2019

NORTHPORT, Ala. — Senior Living Investment Brokerage has arranged the sale of Forest Manor, a 182-bed skilled nursing facility in the Tuscaloosa suburb of Northport.

January 16, 2019

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