News

Sims Secures $98M for Refinancing, Expansion of CCRC in Pennsylvania

by Jeff Shaw June 1, 2017

LANCASTER, PA. — HJ Sims has secured $98 million in financing for Brethren Village, a continuing care retirement community in Lancaster.

June 1, 2017

Development News

Big Rock Partners Tops Off $82M Seniors Housing Project in Celebration, Florida

by Jeff Shaw June 1, 2017

CELEBRATION, FLA. — Big Rock Partners has topped off Windsor at Celebration, a new 239-unit seniors housing property in Celebration, the Disney-originated master-planned community in Central Florida.

June 1, 2017

CCRC Development News

Lifespace Plans $39.5M Expansion at CCRC Near Pittsburgh

by Jeff Shaw June 1, 2017

UPPER ST. CLAIR, Penn. — Lifespace Communities has planned a $39.5 million assisted living and memory care expansion at Friendship Village of South Hills, a continuing care retirement community (CCRC) in the Pittsburgh suburb of Upper St. Clair.

June 1, 2017

Development Finance News

KeyBank Provides $16.3M in Financing for Construction of Affordable Community in New York

by Jeff Shaw June 1, 2017

GEDDES, N.Y. — KeyBank’s Community Development Lending & Investment (CDLI) team will provide $16.3 million in financing to Christopher Community Inc. for the construction of Harborbrook Apartments, a mixed-income seniors housing development in the Syracuse suburb of Geddes.

June 1, 2017

CCRC News People

Kendal Promotes Nadia Geigler to Executive Director at 31-Story CCRC in Chicago

by Jeff Shaw June 1, 2017

CHICAGO — The Admiral at the Lake’s Board of Directors has selected Nadia Geigler as the next executive director of the continuing care retirement community (CCRC) located on Chicago’s North Side.

June 1, 2017

Development News

Evergreen Real Estate, Pathway Senior Living Open 101-Unit Community Near Chicago

by Jeff Shaw May 31, 2017

PROSPECT HEIGHTS, Ill. — Evergreen Real Estate Group and Pathway Senior Living have opened Grandbrier of Prospect Heights, a 101-unit independent living, assisted living and memory care community in the Chicago suburb of Prospect Heights.

May 31, 2017

Development News

MassHousing Provides $9.3M Loan to Renovate Affordable Community in Massachusetts

by Jeff Shaw May 31, 2017

GARDNER, Mass. — MassHousing has provided $9.3 million in financing to Retirement Housing Foundation for the preservation and renovation of Binnall House in Gardner, located approximately 60 miles west of Boston.

May 31, 2017

News

Marcus & Millichap Negotiates $5.4M Sale of 40-Unit Community in California

by Jeff Shaw May 31, 2017

HEMET, Calif. — Marcus & Millichap has arranged the $5.4 million sale of The Terrace at Seven Hills, a 40-unit seniors housing property in Hemet, located east of Los Angeles and north of San Diego.

May 31, 2017

Development News

Gardner Capital to Redevelop 84-Unit Affordable Community in Florida

by Jeff Shaw May 31, 2017

SARASOTA, Fla. — Gardner Capital has received a reservation of housing tax credits from the Florida Housing Finance Corp. to fund the redevelopment of Amaryllis Park Place. The property is an 84-unit affordable seniors housing community in the Newtown area of Sarasota.

May 31, 2017

News People

Methodist Homes Hires Liz Prosch as Vice President for Quality, Mission Integration

by Jeff Shaw May 31, 2017

BIRMINGHAM, Ala. — Methodist Homes of Alabama & Northwest Florida has hired Liz Prosch as the company’s vice president for quality and mission integration.

May 31, 2017

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