News

Methodist Retirement Communities Plans 259-Unit CCRC in Fort Worth

by Jeff Shaw October 20, 2017

FORT WORTH, Texas — Methodist Retirement Communities (MRC) has unveiled plans for Stevenson Oaks, a 259-unit continuing care retirement community (CCRC) in Fort Worth.

October 20, 2017

Finance News

Seniors Housing HUD Volume Increases 20%, Lancaster Pollard Leads Again

by Jeff Shaw October 19, 2017

WASHINGTON, D.C. — Financing for seniors housing properties through the HUD Lean Section 232 mortgage insurance program saw a notable increase for the fiscal year ending Sept. 30, with total volume jumping 20 percent over the previous year to $3.4 billion.

October 19, 2017

Assisted Living Finance News

Bernard Financial Group Arranges $1.5M Loan for Assisted Living Community in Michigan

by Jeff Shaw October 19, 2017

CLINTON TOWNSHIP, Mich. — Bernard Financial Group has arranged a $1.5 million loan for a 24-unit assisted living facility in the Detroit suburb of Clinton Township.

October 19, 2017

Development Independent Living News

Holland Construction Breaks Ground on 30-Unit Community in Illinois

by Jeff Shaw October 19, 2017

MCLEANSBORO, Ill. — Holland Construction Services has broken ground on Fox Meadows Senior Independent Living, a 30-unit independent living community in McLeansboro, approximately 100 miles southeast of St. Louis.

October 19, 2017

News People

AHCA Re-Elects OnShift’s Peter Corless as Associate Business Member President

by Jeff Shaw October 19, 2017

LAS VEGAS — At its convention and expo in Las Vegas, the American Health Care Association (AHCA) has re-elected Peter Corless to the position of associate business member president.

October 19, 2017

Memory Care News People

Watercrest Senior Living Group Names Rhonda Coates as Executive Director of Memory Care Community in Tampa

by Jeff Shaw October 19, 2017

TAMPA, Fla. — Watercrest Senior Living Group has hired Rhonda Coates as executive director of Market Street Memory Care Residence in Tampa.

October 19, 2017

Development News

P.B. Bell Plans 165-Unit Community Near Phoenix

by Jeff Shaw October 18, 2017

GLENDALE, Ariz. — Multifamily developer P.B. Bell is returning to the seniors housing industry with the development of Inspira Arrowhead, a 165-unit community in the Phoenix suburb of Glendale.

October 18, 2017

Finance News

Lancaster Pollard Arranges $47.1M Refinancing for Seven-Property Premier Senior Living Portfolio

by Jeff Shaw October 18, 2017

COLUMBUS, Ohio — Lancaster Pollard has arranged $47.1 million in financing for Premier Senior Living. The loans will refinance debt on seven of Premier’s seniors housing facilities in the Southeast.

October 18, 2017

News

The Weitz Company Promotes Kevin McClain to CEO following Leonard Martling’s Retirement

by Jeff Shaw October 18, 2017

DES MOINES, Iowa — The Weitz Company, a general contractor that works extensively in seniors housing, has promoted Kevin McClain from chief operating officer to CEO. He replaces Leonard Martling, who has retired.

October 18, 2017

Company News News People

Brookdale Provides Disaster Response Update, Announces COO is Leaving

by Jeff Shaw October 17, 2017

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the largest owner and operator of seniors housing in the United States, has announced that its chief operating officer, Labeed Diab, is resigning to pursue another opportunity.

October 17, 2017

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