News

PGIM Provides $10M Freddie Mac Refinancing for Watercrest Community in Florida

by Jeff Shaw November 16, 2018

SEBASTIAN, Fla. — PGIM Real Estate Finance has provided a $10 million Freddie Mac loan to Watercrest Senior Living Group. The funds will refinance debt on the company’s Pelican Landing community in Sebastian.

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November 16, 2018

The Legacy Senior Communities Names Jerry Rasansky as Board Chair

by Jeff Shaw November 16, 2018

PLANO, Texas — The Legacy Senior Communities, a nonprofit organization based in Plano, has elected Jerry Rasansky as chair of the board of trustees.

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November 16, 2018

Joint Venture Acquires 558-Unit Affordable Community in Brooklyn for $150M

by Jeff Shaw November 15, 2018

NEW YORK CITY — Jonathan Rose Cos., The NHP Foundation and Nuveen have acquired Shore Hill Housing, a two-building, 558-unit affordable seniors housing property in Brooklyn, for approximately $150 million.

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November 15, 2018

Finance KeyBank News Skilled Nursing

KeyBank Provides $127.7M Financing for 19-Property Skilled Nursing Portfolio in Nevada, Texas

by Jeff Shaw November 15, 2018

NEVADA and TEXAS — KeyBank Real Estate Capital has provided a total of $127.7 million in bridge-to-HUD financing for two skilled nursing facility portfolios in Nevada and Texas.

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November 15, 2018

Development News

Starwood, Ryan Cos., Cadence Start Construction of 198,000 SF Community in Arizona

by Jeff Shaw November 15, 2018

SCOTTSDALE, Ariz. — Ryan Cos., Cadence Living and a controlled affiliate of private investor Starwood Capital Group have started construction of Acoya Scottsdale at Troon, an independent living and assisted living community in the Troon neighborhood of Scottsdale.

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November 15, 2018

Finance Memory Care News

Sims Mortgage Funding Arranges $22.1M Refinancing for Memory Care Facility in Metro D.C.

by Jeff Shaw November 15, 2018

WASHINGTON, D.C. — Sims Mortgage Funding, a subsidiary of HJ Sims, has arranged a $22.1 million loan to refinance a memory care community near Washington, D.C.

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November 15, 2018

Legal Issues News Skilled Nursing

Lifespace Opens Health Center at CCRC in Illinois to the Public

by Jeff Shaw November 15, 2018

LOMBARD, Ill. — The Illinois Department of Public Health has approved allowing the public to use health center at Beacon Hill, a continuing care retirement community in Lombard, approximately 20 miles west of downtown Chicago.

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November 15, 2018

Complacency Equals Vulnerability in Seniors Housing Industry, Warns Benchmark CEO Tom Grape

by Jeff Shaw November 14, 2018

Tom Grape has a sobering message for a senior living industry facing a growing number of disruptive forces, including rapid technological change and shifting consumer preferences that pose a threat to the long-term health of the sector.

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November 14, 2018

Development News

Ryan Cos. Starts Construction of 138-Unit Community in Minnesota

by Jeff Shaw November 14, 2018

ST. CLOUD, Minn. — Ryan Cos. has broken ground on Talamore, a 138-unit seniors housing community in St. Cloud, approximately 65 miles northwest of Minneapolis.

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November 14, 2018

Assisted Living Development News

Hunt Midwest, Integral Senior Living Break Ground on 84-Unit Assisted Living Community in Florida

by Jeff Shaw November 14, 2018

ROYAL PALM BEACH, Fla. — Hunt Midwest and Integral Senior Living (ISL) have broken ground on The Capstone at Royal Palm, an assisted living and memory care community in Royal Palm Beach, a village in Palm Beach County.

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November 14, 2018

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