News

Invesque Completes $425M Acquisition of Care Investment Trust

by Jeff Shaw February 5, 2018

TORONTO — Invesque Inc. (TSX: HLP.U), an Indiana-based seniors housing owner and developer formerly known as Mainstreet Health Investments that trades on the Toronto Stock Exchange, has completed its previously announced acquisition of Care Investment Trust LLC.

February 5, 2018

HCP Executive Chairman Mike McKee to Retire

by Jeff Shaw February 5, 2018

IRVINE, Calif. — Michael McKee, executive chairman of Irvine-based healthcare REIT HCP Inc. (NYSE: HCP), has announced that he plans to retire on March 1.

February 5, 2018

News

Blueprint Arranges Sale of Three-Property Portfolio Near Atlanta

by Jeff Shaw February 5, 2018

ATLANTA — Blueprint Healthcare Real Estate Advisors has brokered the sale of a three-property assisted living and memory care portfolio in metro Atlanta.

February 5, 2018

Development News

WNC, Community Preservation Partners Complete $6.6M Renovation of Affordable Community in Southern California

by Jeff Shaw February 5, 2018

ANAHEIM, Calif. — WNC and its subsidiary Community Preservation Partners (CPP), along with nonprofit Jamboree Housing Corp., have completed the $6.56 million (or $36,635 per unit) renovation of Miracle Terrace Apartments in Anaheim.

February 5, 2018

Finance News

Hunt Mortgage Group Provides $1.8M Refinancing for Age-Restricted Community in Boise

by Jeff Shaw February 5, 2018

BOISE, Idaho — Hunt Mortgage Group has provided a $1.8 million Freddie Mac Small Balance Loan to refinance Leisure Villa Apartments, an age-restricted community in Boise.

February 5, 2018

News People

Integral Senior Living Promotes Mandy Luther to Regional Director of Sales, Marketing

by Jeff Shaw February 5, 2018

CARLSBAD, Calif. — Integral Senior Living has promoted Mandy Luther to the position of regional director of sales and marketing for its new venture, Solstice Senior Living. She was previously the regional director of sales and marketing for Integral-managed communities.

February 5, 2018

CCRC Finance News

HJ Sims Arranges $77.8M Financing for CCRC in North Carolina

by Jeff Shaw February 2, 2018

CARY, N.C. — HJ Sims has arranged $77.8 million in financing for SearStone Retirement Community, a continuing care retirement community (CCRC) in the Raleigh suburb of Cary.

February 2, 2018

News People

Welltower Promotes Joe Weisenburger to Senior Vice President, Business Development

by Jeff Shaw February 2, 2018

TOLEDO, Ohio — Welltower Inc. (NYSE: HCN) has promoted Joe Weisenburger to senior vice president of business development. Weisenburger has been with the company since 1998 and previously served as vice president of business development.

February 2, 2018

Development News

Watercrest, United Properties Break Ground on 128-Unit Community in South Florida

by Jeff Shaw February 2, 2018

NAPLES, Fla. — Watercrest Senior Living Group and United Properties have broken ground on Watercrest Naples Assisted Living and Memory Care in the South Florida city of Naples.

February 2, 2018

News

LTC, Affinity Acquire 87-Unit Community in South Carolina for $10M

by Jeff Shaw February 2, 2018

SPARTANBURG, S.C. — LTC Properties Inc. (NYSE: LTC) and an affiliate of Affinity Living Group have acquired The Inverness at Spartanburg, an 87-unit assisted living and memory care community in Spartanburg, for $10 million.

February 2, 2018

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