BETHESDA, Md. — After several months of negotiations, massive seniors housing operator HCR ManorCare and its landlord Quality Care Properties (NYSE: QCP) have reached an agreement over HCR’s more than $385 million in unpaid rent.
NEW PORT RICHEY, Fla. — LandSouth Construction has broken ground on Trinity Independent Senior Living, a luxury independent living community with a construction value of $19.3 million.
PHOENIX — A joint venture between Life Care Services and Westminster Funds has broken ground on Desert Willow Assisted Living, a 44-unit assisted living building on the campus of Sagewood, a continuing care retirement community (CCRC) in Phoenix.
MEBANE, N.C. — KeyBank Real Estate Capital has provided $15.5 million in Fannie Mae first mortgage financing for Mebane Ridge Assisted Living, a 65-unit seniors housing property in Mebane.
WAYZATA, Minn. — Dwight Capital LLC has provided $14.3 million in bridge-to-HUD financing to Superior Healthcare Management, a skilled nursing provider based in the Minneapolis suburb of Wayzata.
PORT ST. LUCIE, Fla. — Watercrest Senior Living Group has opened Watercrest St. Lucie West Assisted Living and Memory Care in Port St. Lucie, located between Miami and Orlando.
GARLAND, GRAPEVINE and MCKINNEY, Texas — Greystone Real Estate Advisors has arranged the sale of the Grand Brook portfolio, which included three Class A memory care communities in the Dallas-Fort Worth Metroplex.
HILLSBORO, Ore. — The Wolff Company has announced plans for Revel AmberGlen, a 140-unit independent living community in the Portland suburb of Hillsboro.
ALEXANDRIA, Va. — Argentum, an industry association formerly known as the Assisted Living Federation of America, has named Brent Weil as the association’s vice president of workforce development.
PATCHOGUE, N.Y. — Spellman Brady & Co. has completed interior design work for Village Walk, a five-story assisted living community in the Long Island village of Patchogue.
