News

SRI Management to Operate Five Communities in Florida

by Jeff Shaw August 30, 2018

TALLAHASSEE, Fla. — SRI Management LLC, a Tallahassee-based operator, has been selected to manage five Superior Residences-branded communities in Florida.

August 30, 2018

BMO Harris Arranges $28M Acquisition Financing for CCRC in Georgia

by Jeff Shaw August 29, 2018

EVANS, Ga. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on $28 million in financing. The borrowers, TH Real Estate and LCS, will use the funds to acquire Brandon Wilde, a continuing care retirement community in the Augusta suburb of Evans.

August 29, 2018

Assisted Living Finance News

Live Oak Bank Provides $5M Financing for Two Assisted Living Communities Near Salt Lake City

by Jeff Shaw August 29, 2018

MILLCREEK, Utah — Live Oak Bank has provided $5 million in financing. The borrower, All Seasons Health Services Co., will use the funds to acquire two assisted living properties in the Salt Lake City suburb of Millcreek.

August 29, 2018

Independent Living News

Marcus & Millichap Brokers $3.6M Sale of Affordable Community in Tennessee

by Jeff Shaw August 29, 2018

EAST RIDGE, Tenn. — Marcus & Millichap has arranged the sale of East Ridge Residence, a 137,633-square-foot affordable seniors housing community in East Ridge, a suburb of Chattanooga.

August 29, 2018

Assisted Living Development News

Áegis Living Opens 83-Unit Mediterranean-Themed Community in Seattle

by Jeff Shaw August 28, 2018

SEATTLE — Áegis Living has opened the doors on Áegis of West Seattle, an 83-unit assisted living and memory care community in Seattle.

August 28, 2018

Development News Skilled Nursing

Nauset Completes 123-Bed Skilled Nursing Facility in Massachusetts

by Jeff Shaw August 28, 2018

NEWBURYPORT, Mass. — Nauset Construction has finished building Port Healthcare Center, a 123-bed skilled nursing facility in Newburyport, located in the very northeastern corner of the state.

August 28, 2018

News People

Benchmark Appoints Adam Manchester as Executive Director of Community Near Boston

by Jeff Shaw August 28, 2018

WALPOLE, Mass. — Benchmark Senior Living has appointed Adam Manchester as executive director at New Pond Village in Walpole, a suburb of Boston.

August 28, 2018

CCRC Finance News

Cushman & Wakefield Negotiates $100M Recapitalization of Two Chicago-Area CCRCs

by Jeff Shaw August 27, 2018

LINCOLNSHIRE and NAPERVILLE, Ill. — Cushman & Wakefield has arranged a recapitalization of two continuing care retirement communities (CCRCs) totaling 1,071 units in the Chicago suburbs.

August 27, 2018

News

Chicago Pacific Founders Acquires 120-Unit Community Near Detroit

by Jeff Shaw August 27, 2018

STERLING HEIGHTS, Mich. — Chicago Pacific Founders has acquired Shorehaven Senior Living, a 120-unit independent living and assisted living community in the Detroit suburb of Sterling Heights, for an undisclosed price.

August 27, 2018

Development News

HFF Arranges Construction Financing for Solera Community in Denver

by Jeff Shaw August 27, 2018

DENVER — HFF has arranged financing for the development of Solera at Cherry Creek, a Class A seniors housing development in the Cherry Creek neighborhood of Denver.

August 27, 2018

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