News

Benchmark Hires Patrick Hardy as Executive Director for Community Near Boston

by Jeff Shaw July 10, 2018

NORWOOD, Mass. — Benchmark has hired Patrick Hardy as the new executive director at Benchmark Senior Living on Clapboardtree in Norwood, a suburb of Boston.

July 10, 2018

Hunt Mortgage Provides $20M Refinancing for Affordable Property Near Los Angeles

by Jeff Shaw July 9, 2018

MONTEBELLO, Calif. — Hunt Mortgage Group has provided $20 million in refinancing for Beverly Towers, an affordable seniors housing property in the Los Angeles suburb of Montebello.

July 9, 2018

News

Sabra Sells 10 Communities for $88.4M

by Jeff Shaw July 9, 2018

IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) has completed the previously announced sale of nine facilities leased to Genesis Healthcare for $81.4 million, and one leased to Signature HealthCARE for $7 million.

July 9, 2018

News

Blueprint Negotiates Sale of Four Land Plots in California for $14.7M

by Jeff Shaw July 9, 2018

LINCOLN, Calif. — Blueprint Healthcare Real Estate Advisors has brokered the sale of four plots of land in California totaling 21 acres for $14.7 million, with the buyers planning to develop assisted living on the land.

July 9, 2018

Memory Care News People

Anthem Memory Care Names New Executive Directors in Illinois, Kansas

by Jeff Shaw July 9, 2018

BURR RIDGE, Ill., and WICHITA, Kan. — Anthem Memory Care, an Oregon-based memory care provider, has announced new executive directors at two of its communities.

July 9, 2018

News Operations

Ari Grinspan, Joe Farkas Take Over Management of Community in Upstate New York

by Jeff Shaw July 9, 2018

HERKIMER, N.Y. — A company led by Ari Grinspan and Joe Farkas has taken over management of Foltsbrook Center for Nursing & Rehabilitation, a community offering rehabilitation, outpatient services, adult day care and assisted living in Herkimer.

July 9, 2018

Finance KeyBank News

KeyBank Provides $67.2M HUD Financing for Skilled Nursing Portfolio in West Virginia

by Jeff Shaw July 6, 2018

MARMET, SISSONVILLE and PARKERSBURG, W.V. — KeyBank Real Estate Capital has provided a total of $67.2 million in financing for a three-property skilled nursing portfolio in West Virginia.

July 6, 2018

News

Capitol Seniors Housing Buys 85-Unit Community in New Jersey, Plans Expansion

by Jeff Shaw July 6, 2018

CINNAMINSON TOWNSHIP, N.J. — Capitol Seniors Housing has acquired Siena, an upscale active adult community in Cinnaminson Township, located across the Delaware River from Philadelphia. The price was not disclosed.

July 6, 2018

News People

Kendal COO Judith Braun Retires

by Jeff Shaw July 6, 2018

KENNETT SQUARE, Pa. — Judy Braun, chief operating officer of Kennett Square-based operator The Kendal Corp., has retired after 17 years in the position. The nonprofit company’s portfolio includes 13 communities in eight states throughout the Northeast and Midwest.

July 6, 2018

Assisted Living News

Griffin-American Acquires Assisted Living Facility for $19.5M in Beaumont, Texas

by Jeff Shaw July 6, 2018

BEAUMONT, Texas — American Healthcare Investors LLC and Griffin Capital Company LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., have acquired Pelican Bay, an assisted living facility located in Beaumont, for $19.5 million.

July 6, 2018

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