News

Coral Rock, Arena Capital Acquire 17-Story Tower in Florida for $13.5M

by Jeff Shaw February 6, 2019

CLEARWATER, Fla. — Miami-based Coral Rock Development Group and Arena Capital Holdings have acquired Prospect Towers, a senior living high-rise in the Tampa suburb of Clearwater, for $13.5 million.

February 6, 2019

MorningStar, Confluent Open 71,000 SF Community in Santa Fe

by Jeff Shaw February 6, 2019

SANTA FE, N.M. — Co-developers MorningStar Senior Living and Confluent Senior Living have opened MorningStar Assisted Living & Memory Care of Santa Fe.

February 6, 2019

Development News

Phoenix Senior Living Breaks Ground on 43-Unit Community in Camden, South Carolina

by Jeff Shaw February 6, 2019

CAMDEN, S.C. — Phoenix Senior Living has broken ground on The Colonial at Historic Camden, a seniors housing community in Camden, approximately 30 miles northeast of Columbia.

February 6, 2019

CCRC Development News

San Francisco Campus for Jewish Living Opens Preview Center for $140M Expansion

by Jeff Shaw February 5, 2019

SAN FRANCISCO — San Francisco Campus for Jewish Living (SFCJL), a continuing care retirement community in San Francisco, has opened a preview center at its 190-unit Frank Residences expansion.

February 5, 2019

News

Avanath Capital Acquires 202 Affordable Units in New York, Maryland for $36.3M

by Jeff Shaw February 5, 2019

NEW YORK CITY and TEMPLE HILLS, Md. — Avanath Capital Management has expanded its East Coast portfolio, acquiring two affordable housing properties in New York and Maryland for a combined total of $36.3 million.

February 5, 2019

Development Finance KeyBank News

KeyBank, Cain Brothers Secure $27.8M in Financing for Affordable Development in Indiana

by Jeff Shaw February 5, 2019

MISHAWAKA, Ind. — KeyBank Real Estate Capital and Cain Brothers have secured financing for the construction of Hellenic Senior Living of Mishawaka, an affordable assisted living facility in Mishawaka, located just east of South Bend near the Michigan border.

February 5, 2019

Finance News Skilled Nursing

HJ Sims Provides $27M HUD Financing for 15-Property Skilled Nursing Acquisition

by Jeff Shaw February 5, 2019

NEW YORK CITY — HJ Sims has provided $27 million in financing for the acquisition of a 15-property skilled nursing portfolio.

February 5, 2019

Development News

Caddis to Build 99-Unit Heartis Community in Pennsylvania

by Jeff Shaw February 5, 2019

YARDLEY, Pa. — Dallas-based developer Caddis has announced plans for Heartis Yardley, a 99-unit assisted living and memory care community in Yardley, just across the state border from Trenton, N.J.

February 5, 2019

News People

NIC Appoints Six Industry Leaders to Board of Directors

by Jeff Shaw February 5, 2019

ANNAPOLIS, Md. —The National Investment Center for Seniors Housing & Care (NIC) has appointed six executives from the seniors housing and care and real estate investment sectors to its Board of Directors.

February 5, 2019

CCRC Development Finance News

SunTrust Provides $35M in Financing for CCRC Development in Georgia

by Jeff Shaw February 4, 2019

ATHENS, Ga. — SunTrust has provided $35 million in financing to support the development of Presbyterian Village Athens in Athens.

February 4, 2019

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