News

Ziegler Closes $44.8M Bond Financing for 236-Unit Community in Seattle

by Jeff Shaw August 2, 2018

SEATTLE — Ziegler, a specialty investment bank, has arranged $44.8 million in bond financing for The Hearthstone Corp. The bonds will fund an expansion at the company’s continuing care retirement community, The Hearthstone at Green Lake in Seattle.

August 2, 2018

News People

Charter Names Karen Bowles as Executive Director of 83-Unit Community in Georgia

by Jeff Shaw August 2, 2018

EVANS, Ga. —Charter Senior Living has named Karen Bowles as executive director of Camellia Walk, an 83-unit community in the Augusta suburb of Evans.

August 2, 2018

Company News News

Welltower, Brandywine Move 27-Property Portfolio to RIDEA Lease Structure

by Jeff Shaw August 1, 2018

TOLEDO, Ohio, and MOUNT LAUREL, N.J. — Toledo-based healthcare REIT giant Welltower (NYSE: WELL) and Mount Laurel-based operator Brandywine Living have announced the conversion of the companies’ master lease from a triple-net structure to a RIDEA structure.

August 1, 2018

Finance News Skilled Nursing

Lancaster Pollard Arranges $400M Refinancing for Plum Healthcare Skilled Nursing Portfolio in California

by Jeff Shaw August 1, 2018

SAN MARCOS, Calif. — Lancaster Pollard has arranged $400 million in financing for Plum Healthcare Group, a San Marcos-based skilled nursing operator.

August 1, 2018

Company News Finance News

Bellwether Enterprise Receives Seniors Housing Fannie Mae Lender Designation

by Jeff Shaw August 1, 2018

CLEVELAND — Bellwether Enterprise Real Estate Capital LLC, the Cleveland-based commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., has been approved as a seniors housing lender for Fannie Mae.

August 1, 2018

Finance News People

Love Funding Promotes Jonathan Camps to President

by Jeff Shaw August 1, 2018

WASHINGTON, D.C. — Midland States Bank has promoted Jonathan Camps to president of its Love Funding subsidiary. Headquartered in Washington, D.C., Love Funding is one of the largest commercial FHA loan originators in the United States.

August 1, 2018

Development Memory Care News

Watercrest Senior Living Opens 64-Unit Memory Care Community in Florida

by Jeff Shaw July 30, 2018

PALM COAST, Fla. — Watercrest Senior Living has opened its newest Market Street Memory Care Residence in Palm Coast, approximately midway between Jacksonville and Orlando.

July 30, 2018

News

Capital One Provides $36.6M Acquisition Loan for Three Properties in Ohio

by Jeff Shaw July 30, 2018

BETHESDA, Md. — Capital One, a Bethesda-based lender, has provided a $36.6 million loan for the acquisition of three seniors housing communities in Ohio.

July 30, 2018

News

Lancaster Pollard Arranges $12.2M HUD Loan for Seven-Community Portfolio in Idaho

by Jeff Shaw July 30, 2018

COLUMBUS, Ohio — Lancaster Pollard, a Columbus-based broker, has arranged $12.2 million in HUD financing for the acquisition of seven assisted living and memory care communities in Idaho.

July 30, 2018

Memory Care News

Greystone Arranges $17M Sale of Two Memory Care Communities in New York State

by Jeff Shaw July 30, 2018

CLIFTON PARK and ORCHARD PARK, N.Y. — Greystone has arranged the $17 million sale of two memory care communities in New York, totaling 46 units.

July 30, 2018

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