News

Monticello Arranges $8M Acquisition Financing for 140-Bed Skilled Nursing Facility in New York City

by Jeff Shaw January 25, 2018

NEW YORK CITY — Monticello Asset Management has arranged $8 million in financing for the acquisition of a 140-bed skilled nursing facility in New York City.

January 25, 2018

Development Finance News

Cain Brothers Issues $252M Bond Financing for CCRC on Arizona State Campus

by Jeff Shaw January 24, 2018

TEMPE, Ariz. — Pacific Retirement Services (PRS) has received $252 million in bond financing for the construction of Mirabella at ASU, a 20-story continuing care retirement community (CCRC) on the campus of Arizona State University in Tempe.

January 24, 2018

News Operations

Ventas Completes Management Transition of 76-Property Portfolio from Elmcroft to Eclipse

by Jeff Shaw January 24, 2018

CHICAGO — Ventas Inc. (NYSE: VTR) has completed the previously announced transition of 76 of its private-pay seniors housing communities to new management under Eclipse Senior Living.

January 24, 2018

News People

Watercrest Hires Kelly Hazlett as Director of Human Resources, Organizational Development

by Jeff Shaw January 24, 2018

VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based operator, has hired Kelly Hazlett as the company’s director of human resources and organizational development.

January 24, 2018

Development News

Leisure Living Management to Open $9M Community in Michigan

by Jeff Shaw January 24, 2018

GRANDVILLE, Mich. — Leisure Living Management is set to open Grand Village Assisted Living and Memory Care, a 43,000-square-foot independent living, assisted living and memory care community in Grandville, located near Grand Rapids.

January 24, 2018

News People

Lifespace Communities Appoints Amy Brainard as Director of Philanthropic Efforts

by Jeff Shaw January 24, 2018

DES MOINES, Iowa — Lifespace Communities, a Des Moines-based owner-operator, has appointed Amy Brainard as director of The Lifespace Foundation. The entity seeks to improve the health and welfare of Lifespace residents through philanthropy.

January 24, 2018

Development Independent Living News

Wolff Starts Construction 146-Unit Independent Living Community in Idaho

by Jeff Shaw January 23, 2018

EAGLE, Idaho — The Wolff Company has broken ground on Revel Eagle, a 146-unit independent living community in the Boise suburb of Eagle.

January 23, 2018

Finance News People

Ziegler CEO Tom Paprocki Announces Retirement Plans, Dan Hermann to Replace

by Jeff Shaw January 23, 2018

CHICAGO — Tom Paprocki, CEO of Chicago-based investment bank Ziegler, has announced he will retire effective March 31, 2018. Dan Hermann, currently head of Ziegler’s investment banking division, will be add the roles of president and CEO upon Paprocki’s retirement.

January 23, 2018

Assisted Living News

Americare Acquires Two Assisted Living Communities in West Tennessee

by Jeff Shaw January 23, 2018

LEXINGTON, Tenn. — Marico Holding LLC, operating as Americare Senior Living, has acquired two assisted living communities in Lexington, located midway between Memphis and Nashville. The price was not disclosed.

January 23, 2018

CCRC Finance News

HJ Sims Arranges $19M Refinancing, $5M Line of Credit for CCRC in Arizona

by Jeff Shaw January 23, 2018

SCOTTSDALE, Ariz. — HJ Sims has arranged a $19 million refunding loan and $5 million non-revolving line of credit for Westminster Village, a nonprofit continuing care retirement community (CCRC) in Scottsdale.

January 23, 2018

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