News

Pathway to Living Opens 107-Unit Community in Illinois

by Jeff Shaw October 3, 2017

WESTMONT, Ill. — Pathway to Living has opened Aspired Living of Westmont, a 107-unit independent living, assisted living and memory care community in the Chicago suburb of Westmont.

October 3, 2017

Killefer Flammang Architects Completes Conversion of Historic Church to Affordable Seniors Housing

by Jeff Shaw October 3, 2017

LONG BEACH, Calif. — Killefer Flammang Architects (KFA) has completed Immanuel Place, an affordable seniors housing community in the Bluff Heights Historic District of Long Beach.

October 3, 2017

Finance News

CBRE Arranges Financing for 96-Unit Community Near Atlanta

by Jeff Shaw October 3, 2017

PEACHTREE CITY, Ga. — CBRE has arranged financing for Somerby Peachtree City, a newly delivered, Class A seniors housing property in the Atlanta suburb of Peachtree City. The amount and use of the loan were not disclosed.

October 3, 2017

Development News

Intergenerational Living Breaks Ground on $72M Community in Minnesota

by Jeff Shaw October 2, 2017

STILLWATER, Minn. ─ Intergenerational Living & Health Care Inc. (ILHC) has broken ground on The Lakes at Stillwater, an independent living, assisted living and memory care community in the Minneapolis suburb of Stillwater.

October 2, 2017

Company News News

Regional Health Properties Completes Merger With Former Parent, AdCare Health Systems

by Jeff Shaw October 2, 2017

ATLANTA — Regional Health Properties Inc. (NYSE: RHE) has completed the previously announced merger with its former parent company, AdCare Health Systems.

October 2, 2017

Finance News

KeyBank Provides $12.9M in FHA Financing for Seniors Housing Property in Connecticut

by Jeff Shaw September 29, 2017

NEW HAVEN, Conn. — KeyBank Real Estate Capital has provided $12.9 million in FHA financing to the Jewish Federation of Greater New Haven for Tower One & Tower East, a seniors housing property in New Haven.

September 29, 2017

Development News

County IDA Aids Benchmark with $38M Development in New York

by Jeff Shaw September 29, 2017

WOODBURY, N.Y. — The Nassau County Industrial Development Agency has entered into an economic development compact with Benchmark Senior Living. The agency will assist Benchmark in the development of an assisted living community in Woodbury.

September 29, 2017

Assisted Living News

SLIB Arranges Sale of Assisted Living Communities in South Carolina, Florida

by Jeff Shaw September 29, 2017

PORT ST. LUCIE, Fla., and SANTEE, S.C. — Senior Living Investment Brokerage has arranged the sale of Paradise Care Cottage in Port St. Lucie and Magnolias of Santee in Santee for undisclosed prices.

September 29, 2017

News People

Validus Group Partners Hires Richard Mocsari as Chief Financial Officer

by Jeff Shaw September 29, 2017

TAMPA, Fla. — Validus Group Partners Ltd., a Tampa-based investment firm, has hired Richard Mocsari as chief financial officer. Mocsari will lead the firm’s finance and accounting functions, along with corporate finance duties related to Validus’ current holdings and new investments.

September 29, 2017

Company News News

Sabra Buys Skilled Nursing Portfolio for $430M, Seeks to Divest Genesis Properties

by Jeff Shaw September 27, 2017

IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) has acquired 21 skilled nursing facilities in a sale-leaseback transaction with an undisclosed West Coast operator for $378 million.

September 27, 2017

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