News

SLIB Negotiates $3.7M Sale of 64-Unit Community Near Miami

by Jeff Shaw December 13, 2017

LAUDERHILL, Fla. — Senior Living Investment Brokerage has arranged the sale of Lauderhill Manor, a 64-unit assisted living facility in the Miami suburb of Lauderhill, for $3.7 million.

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December 13, 2017

Development Memory Care News

Benchmark Selects Erland Construction to Build 50-Unit Memory Care Community Near Boston

by Jeff Shaw December 13, 2017

NEWTON, Mass. — Benchmark Senior Living has selected Erland Construction to manage the construction of a 50-unit memory care community in the Boston suburb of Newton.

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December 13, 2017

Development News

Front Porch, Brookmore to Rehabilitate Affordable Community in Los Angeles

by Jeff Shaw December 13, 2017

LOS ANGELES — Front Porch and Brookmore Apartment Corp. have acquired Vista Tower Apartments, a 230-unit affordable seniors housing community in Los Angeles, with plans to rehabilitate the property.

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December 13, 2017

Development News

CCRC in St. Louis Opens First Phase of $32M Expansion

by Jeff Shaw December 12, 2017

ST. LOUIS — The Gatesworth, a continuing care retirement community (CCRC) in St. Louis, has opened the doors on McKnight Place Assisted Living, the first phase of a $32 million expansion at the property.

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December 12, 2017

Assisted Living News

Cushman & Wakefield Brokers Sale of 97-Unit Community in Silicon Valley

by Jeff Shaw December 12, 2017

FREMONT, Calif. — Cushman & Wakefield Senior Housing Capital Markets Group has arranged the sale of Fremont Hills, a 97-unit assisted living and memory care community in the Silicon Valley city of Fremont. The price was not disclosed.

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December 12, 2017

Assisted Living News

Blueprint Negotiates $3.1M Sale of 151-Unit Community in Arizona

by Jeff Shaw December 12, 2017

YUMA, Ariz. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 151-unit assisted living community in Yuma for $3.1 million. The name of the community was not disclosed.

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December 12, 2017

News Operations

Charter Senior Living to Take Over Management of 64-Unit Community Outside Baltimore

by Jeff Shaw December 12, 2017

PARKVILLE, Md. — Birchwood Healthcare Properties has selected Charter Senior Living to take over management duties at Quail Run Assisted Living in the Baltimore suburb of Parkville.

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December 12, 2017

Wolverine Building Group Promotes Three to Vice President Positions

by Jeff Shaw December 12, 2017

GRAND RAPIDS, Mich. — Wolverine Building Group has promoted three senior project managers — Bill Pursifull, Jamerson Rise and Troy Redman — to vice president positions. All three will continue overseeing their current projects as they shift into their new leadership role.

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December 12, 2017

CCRC Finance News

CBRE Arranges $75.4M Supplemental Loan for Seven-Property Freshwater/Watermark CCRC Portfolio

by Jeff Shaw December 11, 2017

TUCSON, Ariz. — CBRE has arranged $75.4 million in supplemental financing for a seven-property portfolio of continuing care retirement communities owned by a joint venture that includes The Freshwater Group and Watermark Retirement Communities.

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December 11, 2017

Marcus & Millichap Brokers $34.8M Sale of Age-Restricted Complex in Orange County, California

by Jeff Shaw December 11, 2017

RANCHO SANTA MARGARITA, Calif. — Marcus & Millichap (NYSE: MMI) has arranged the sale of Buena Vida at Town Center, a 115-unit age-restricted community in the Orange County city of Rancho Santa Margarita.

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December 11, 2017

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