News

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

Finance News Skilled Nursing

KeyBank Arranges $74.6M HUD Refinancing for Texas Skilled Nursing Portfolio

by Jeff Shaw October 17, 2017

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.

October 17, 2017

Development News

The Waters Begins Pre-Leasing 143-Unit Community in Pennsylvania

by Jeff Shaw October 17, 2017

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.

October 17, 2017

Development News

Capitol Seniors Housing Announces $64.9M in Developments in Illinois, Massachusetts

by Jeff Shaw October 16, 2017

ANDOVER, Mass., and GLENVIEW, Ill. — Capitol Seniors Housing has unveiled plans for Atria Glenview in the Chicago suburb of Glenview and Stonehill of Andover in the Boston suburb of Andover. Both communities are scheduled to open during the fourth quarter of 2018.

October 16, 2017

Development Finance News

KeyBank Provides $5.7M Construction Financing for Affordable Community in Ohio

by Jeff Shaw October 16, 2017

DAYTON, Ohio — KeyBank Community Development Lending & Investment (CDLI) has provided $5.7 million to The Woda Group Inc. for the construction of Audubon Crossing, a 50-unit affordable seniors housing community in Dayton.

October 16, 2017

CCRC Development News

LifeSpire Breaks Ground on $64M Expansion at CCRC in Richmond, Virginia

by Jeff Shaw October 13, 2017

RICHMOND, Va. — LifeSpire has broken ground on a $64 million expansion at Lakewood, a continuing care retirement community (CCRC) in Virginia.

October 13, 2017

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