News

CoastalStates Bank Provides $6.5M Acquisition Financing for Community in Connecticut

by Jeff Shaw March 22, 2019

DANBURY, Conn. — CoastalStates Bank has provided a $6.5 million senior loan for a 48-unit assisted living community in Danbury, along the New York border approximately 60 miles northeast of Manhattan.

March 22, 2019

Dwight Capital Closes a $3.6M Loan for 121-Bed Skilled Nursing Facility in Wisconsin

by Jeff Shaw March 22, 2019

SHEBOYGAN, Wis. — Dwight Capital has closed a $3.6 million loan for Sunny Ridge Rehabilitation Center, a 121-bed skilled nursing facility in Sheboygan, located along Lake Michigan between Milwaukee and Green Bay.

March 22, 2019

News People

GlynnDevins Hires Brad Fuqua as Vice President of Market Development

by Jeff Shaw March 22, 2019

KANSAS CITY, Mo. — GlynnDevins, a Kansas City-based marketing firm serving the seniors housing industry, has hired Brad Fuqua as its vice president of market development.

March 22, 2019

News Skilled Nursing

Providence Life Services Sells 193-Bed Skilled Nursing Facility in Illinois

by Jeff Shaw March 21, 2019

PALOS HEIGHTS, Ill. — Providence Life Services has sold Providence Healthcare and Rehabilitation Center of Palos Heights, a skilled nursing facility in Palos Heights, approximately 20 miles southwest of Chicago.

March 21, 2019

News

Summit Healthcare REIT Inc. Acquires Interest in 14-Property Portfolio in Indiana

by Jeff Shaw March 21, 2019

LAKE FOREST, Calif. — Summit Healthcare REIT Inc. has acquired an interest in 14 skilled nursing and assisted living facilities throughout Indiana.

March 21, 2019

Company News Development News

Belmont Village, Baptist Health South Florida Form Development Joint Venture

by Jeff Shaw March 21, 2019

MIAMI and HOUSTON — Baptist Health South Florida, a Miami-based nonprofit healthcare organization, and Belmont Village Senior Living, a Houston-based seniors housing owner-operator, have created a joint venture to develop new seniors housing properties in South Florida.

March 21, 2019

Finance News

Grandbridge Arranges $25M Financing for 340-Unit Community in Arizona

by Jeff Shaw March 21, 2019

GLENDALE, Ariz. — Grandbridge Seniors Housing and Healthcare Finance Group has arranged $25 million in financing for Thunderbird Senior Living, a 340-unit community in Glendale.

March 21, 2019

Active Adult Development News

Alliance Residential Opens Active Adult Community Near Salt Lake City

by Jeff Shaw March 21, 2019

DRAPER, Utah — Alliance Residential has opened The Ivy, an active adult community in Draper, approximately 17 miles south of Salt Lake City.

March 21, 2019

News Skilled Nursing

Blueprint Brokers Sale of Three-Property Skilled Nursing Portfolio in Wisconsin

by Jeff Shaw March 20, 2019

SIOUX FALLS, S.D. — Blueprint Healthcare Real Estate Advisors has arranged the sale of three skilled nursing facilities totaling 193 beds throughout rural Wisconsin.

March 20, 2019

Finance News Skilled Nursing

Monticello Provides $16M Financing for 303-Bed Skilled Nursing Portfolio in Tennessee

by Jeff Shaw March 20, 2019

TENNESSEE — Monticello Asset Management LLC has provided $16 million in first lien debt financing for the acquisition of two skilled nursing properties totaling 303 beds in Tennessee.

March 20, 2019

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