News

News Skilled Nursing

Strawberry Fields REIT Acquires 10-Property Skilled Nursing Portfolio in Arkansas, Kentucky for $42.4M

by Jeff Shaw September 6, 2018

SOUTH BEND, Ind. — Strawberry Fields REIT LLC, a healthcare REIT based in South Bend, has acquired nine skilled nursing facilities in Arkansas and one in Kentucky in two separate deals. The combined purchase price was $42.4 million.

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September 6, 2018

News Skilled Nursing

Senior Living Investment Brokerage Arranges $5.5M Sale of Skilled Nursing Facility Near Chicago

by Jeff Shaw September 6, 2018

ST. CHARLES, Ill. — Senior Living Investment Brokerage has negotiated the sale of Presence Pine View Care Center in the Chicago suburb of St. Charles for $5.5 million.

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September 6, 2018

Company News News People

LCS Hires Rick Westermann, GeLynna Shaw to Vice President Positions in Rental Division

by Jeff Shaw September 6, 2018

DES MOINES, Iowa — As part of the company’s plans to grow its rental seniors housing business, Life Care Services has hired Rick Westermann as vice president and senior director of marketing sales, and GeLynna Shaw as senior vice president and senior director of operations.

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September 6, 2018

News Operations Skilled Nursing

CBRE Arranges New Lease at Skilled Nursing Facility in Kansas

by Jeff Shaw September 6, 2018

CHERRYVALE, Kan. — CBRE has arranged the lease of a new operator at Cherryvale Nursing & Rehabilitation Center, a skilled nursing and healthcare facility in Cherryvale.

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September 6, 2018

Company News News

ASHA 50: Brookdale Hangs On As Largest Owner, Remains Dominant Operator

by Jeff Shaw September 5, 2018

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA), in partnership with Seniors Housing Business, has released the 2018 edition of the ASHA 50, which ranks the 50 largest owners and operators in the U.S. seniors housing space.

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September 5, 2018

Development News

Mission Senior Living Breaks Ground on $8M Community in Nevada

by Jeff Shaw September 5, 2018

MESQUITE, Nev. — Mission Senior Living has broken ground on Mesa Valley Estates Assisted Living and Memory Care, a 78-unit community in Mesquite, near the Utah and Arizona borders.

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September 5, 2018

Development News

Spectrum Retirement Receives Approval for 162-Unit Community in Algonquin, Illinois

by Jeff Shaw September 5, 2018

ALGONQUIN, Ill. — The Village of Algonquin Trustees has approved the development of Algonquin Senior Living, a 162-unit seniors housing community. The village is located approximately 45 miles northwest of Chicago.

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September 5, 2018

News Skilled Nursing

SLIB Negotiates $6.7M Sale of Skilled Nursing Facility Near Grand Rapids

by Jeff Shaw September 5, 2018

GRAND HAVEN, Mich. — Senior Living Investment Brokerage has arranged the sale of Sanctuary at the Shore, a 126-bed skilled nursing facility in Grand Haven. The city is located along Lake Michigan just west of Grand Rapids.

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September 5, 2018

Arrow Senior Living Appoints Cora Butler as Chief Wellness Officer

by Jeff Shaw September 5, 2018

ST. CHARLES, Mo. — Arrow Senior Living Management, a St. Charles-based senior living operator, has appointed Cora Butler as the company’s chief wellness officer.

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September 5, 2018

Cadence Living Hires Lidia Panayotova as Assistant Controller

by Jeff Shaw September 5, 2018

SCOTTSDALE, Ariz. — Cadence Living, a Scottsdale-based owner-operator, has added Lidia Panayotova to its corporate finance team as assistant controller.

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September 5, 2018

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