News

Wiegmann Associates Hires KC McDonald as Director of National Business Development

by Jeff Shaw August 15, 2017

ST. LOUIS — Wiegmann Associates, a St. Louis-based general contractor, has hired KC McDonald as director of national business development.

August 15, 2017

KeyBank Arranges $23.8M Fannie Mae Financing for Affordable Communities in Texas, Wisconsin

by Jeff Shaw August 14, 2017

CONROE, Texas, and MADISON, Wis. — KeyBank Real Estate Capital has arranged a total of $23.8 million Fannie Mae credit facility to Harmony Housing, a nonprofit affordable housing investor. The financing will be used to refinance or acquire three affordable seniors housing communities.

August 14, 2017

News Skilled Nursing

Blueprint Brokers $16.8M Sale of 252-Bed Skilled Nursing Portfolio in Ohio

by Jeff Shaw August 14, 2017

OHIO — Blueprint Healthcare Real Estate Advisors has arranged the sale of a two-property, 252-bed skilled nursing portfolio in Ohio. The specific names and locations of the properties were not disclosed.

August 14, 2017

Development News

AFL-CIO HIT Completes $61M Rehabilitation of 324-Unit Affordable Community in Chicago

by Jeff Shaw August 14, 2017

CHICAGO — The AFL-CIO Housing Investment Trust (HIT) has re-opened Kenmore Plaza Apartments, a 28-story affordable seniors housing community in Chicago.

August 14, 2017

Development News Skilled Nursing

Riverdale Nursing Home in the Bronx Opens Medical Behavioral Health Unit

by Jeff Shaw August 14, 2017

NEW YORK CITY — Riverdale Nursing Home, a 146-bed skilled nursing facility in the Bronx, has opened a new medical behavioral health unit.

August 14, 2017

News People

Watercrest Senior Living Group Hires Theresa Connor as Director of Clinical Operations

by Jeff Shaw August 14, 2017

VERO BEACH, Fla — Watercrest Senior Living Group, a Vero Beach-based seniors housing developer and operator, has hired Theresa Connor as director of clinical operations.

August 14, 2017

CCRC Development News

Lifespace to Begin $150M Redevelopment at CCRC in Illinois

by Jeff Shaw August 10, 2017

DOWNERS GROVE, Ill. — Lifespace Communities is set to begin a $150 million redevelopment at Oak Trace, a continuing care retirement community in Downers Grove, approximately 20 miles west of Chicago.

August 10, 2017

Finance News Skilled Nursing

Hunt Mortgage Group Arranges $27.6M Refinancing for Eight Skilled Nursing Facilities in Texas

by Jeff Shaw August 10, 2017

TEXAS — Hunt Mortgage Group, a New York City-based lender, has provided $27.6 million in loans to refinance a portfolio of eight skilled nursing facilities in Texas.

August 10, 2017

Finance Memory Care News

NHI Provides $10M Acquisition Loan for 40-Unit Memory Care Community in New Hampshire

by Jeff Shaw August 10, 2017

RYE, N.H. — National Health Investors Inc. (NYSE: NHI) has financed the acquisition of a 40-unit memory care community in Rye, located along the coast near the Maine border.

August 10, 2017

Development News

Cathedral Development Completes $33M Conversion of Historic Hotel to Affordable Community

by Jeff Shaw August 9, 2017

PHOENIX — Cathedral Development Group has completed the $33 million conversion of a historic luxury hotel in Phoenix into The Historic Westward Ho Apartments, an affordable seniors housing community.

August 9, 2017

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