CHARLESTON, S.C. — Frampton Construction Co., a regional full-service construction firm that works frequently in seniors housing, has hired Alex Milford as a project engineer.
APPLETON, Wis., and MOOSIC, Pa. — Pillar Financial, a division of SunTrust Bank, has arranged $20.8 million in HUD financing for Oakridge Gardens Nursing Center in Appleton and Oakwood Terrace in Moosic.
NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR) plans to sell 15 properties currently operated by LCS and Holiday Retirement for a total of $295.5 million.
RACINE, Wis. — Evergreen Real Estate Group has acquired Durand Plaza, a 72-unit affordable housing community for seniors and the disabled, for an undisclosed price. The property is located in the Milwaukee suburb of Racine.
TOLEDO, Ohio — Welltower Inc. (NYSE: HCN) has promoted John Goodey to the positions of executive vice president and chief financial officer. He will succeed Scott Estes, who is leaving Welltower to pursue other opportunities.
ANTIOCH, Calif. — CBRE has arranged acquisition financing for Cypress Meadows, a 110-unit assisted living and memory care community in Antioch, located approximately 40 miles northeast of San Francisco.
CULPEPER, LOUISA and WARRENTON, Va. — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired three assisted living communities in Virginia for an undisclosed price.
ATLANTA — Pressures for seniors housing owners come from many sources, but the top two are labor issues and increasing numbers of communities in a market, according to panelists at InterFace Seniors Housing Southeast.
