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.
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.
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.
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.
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.
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.
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.
CLEVELAND — KeyBank Real Estate Capital, a Cleveland-based lender, has provided $74.6 million in FHA financing for a six-property seniors housing portfolio located across the state of Texas.
WEXFORD, Pa. — The Waters Senior Living has started pre-leasing for The Waters of Wexford, a 143-unit independent living, assisted living and memory care community in Wexford, approximately 15 miles north of Pittsburgh.
