News

Navion, NorthView Purchase 8.5 Acres for 189-Unit Community in Raleigh

by Jeff Shaw March 14, 2018

RALEIGH, N.C. — Two local companies, Navion Senior Solutions and NorthView Partners, have acquired 8.5 acres in Raleigh to develop The Reserve at North Hills, a 189-unit independent living, assisted living and memory care community.

March 14, 2018

Pappas Properties, Laurel Street Start Construction of 108-Unit Community in Charlotte

by Jeff Shaw March 14, 2018

CHARLOTTE, N.C. — Pappas Properties and Laurel Street have broken ground on Belvedere at Berewick, a 108-unit, age-restricted community in Charlotte.

March 14, 2018

Finance News

Love Funding Secures $5.6M Refinancing for 156-Unit Affordable Community in Texas

by Jeff Shaw March 14, 2018

TEXARKANA, Texas — Love Funding has arranged a $5.6 million HUD refinancing for Winfield Estates, an affordable seniors housing community in Texarkana, which straddles the Texas-Arkansas border.

March 14, 2018

News People

JCH Hires Industry Veteran Michael Mooney

by Jeff Shaw March 14, 2018

ANAHEIM HILLS, Calif. — JCH Consulting Group, an Anaheim Hills-based brokerage firm, has hired Michael Mooney. His responsibilities will include originating new business and executing transactions.

March 14, 2018

Development News

Ryan Cos., Grand Living Start Construction of $50M, 172-Unit Community in Florida

by Jeff Shaw March 13, 2018

SARASOTA, Fla. — Ryan Cos. US Inc. and its partner Grand Living have started construction of Grand Living at Lakewood Ranch, a 172-unit independent living and assisted living community in Sarasota.

March 13, 2018

Finance News

CBRE Arranges $26.4M Acquisition Financing for 138-Unit Community in Washington

by Jeff Shaw March 13, 2018

KENNEWICK, Wash. — CBRE has arranged $26.4 million in financing for the acquisition of Fieldstone Grandridge and Fieldstone Memory Care, a 138-unit assisted living and memory care community in Kennewick, located in the southeast portion of the state.

March 13, 2018

Development Independent Living News

Wolff Plans 152-Unit Independent Living Community Near Seattle

by Jeff Shaw March 13, 2018

KIRKLAND, Wash. — The Wolff Company, an Arizona-based developer, has announced plans for Revel Kirkland, a 152-unit independent living community in the Seattle suburb of Kirkland.

March 13, 2018

Development Finance News

NorthMarq Arranges $29.3M Construction Financing for Community in California

by Jeff Shaw March 13, 2018

VISALIA, Calif. — NorthMarq Capital has arranged $29.3 million in financing for the construction of Quail Park at Shannon Ranch, a 120-unit seniors housing property in Visalia, located between Los Angeles and the Bay Area.

March 13, 2018

News People Technology

It’s Never 2 Late Hires Karen O’Hern as Vice President of Enterprise Solutions

by Jeff Shaw March 13, 2018

DENVER, Colo. — It’s Never 2 Late, a Denver-based software company serving the seniors housing industry, has hired Karen O’Hern as the company’s vice president of enterprise solutions.

March 13, 2018

News Skilled Nursing

Skilled Nursing Occupancy Continued to Decline in Q4 2017, Says NIC

by Jeff Shaw March 12, 2018

ANNAPOLIS, Md. — Despite a severe flu season that should’ve put more patients into skilled nursing facilities, occupancy in the sector continued its years-long decline in fourth-quarter 2017, according to the National Investment Center for Seniors Housing and Care (NIC).

March 12, 2018

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