News

MedEquities to Acquire Two Skilled Nursing Facilities in Indiana for $15M

by Jeff Shaw July 14, 2017

BROOKVILLE and LIBERTY, Ind. — MedEquities Realty Trust (NYSE: MRT) has agreed to acquire Brookville Healthcare Center in Brookville and Whitewater Commons Senior Living Center in Liberty, both skilled nursing facilities, for $15 million.

July 14, 2017

McGrath & Associates promotes Scott Olson to Healthcare Business Manager

by Jeff Shaw July 14, 2017

ST. LOUIS, Mo. — McGrath & Associates, a St. Louis-based general contractor, has promoted Scott Olson to the position of healthcare business manager.

July 14, 2017

Development Finance News

Walker & Dunlop Arranges $28.2M Construction Loan for 137-Unit Community in Colorado

by Jeff Shaw July 13, 2017

MONUMENT, Colo. — Walker & Dunlop Inc. has structured a $28.2 million construction loan for Jackson Creek Senior Living, a 137-unit assisted living facility in Monument, located between Denver and Colorado Springs.

July 13, 2017

Assisted Living Development News

Joint Venture to Develop 120,000 SF Community in Charleston

by Jeff Shaw July 13, 2017

CHARLESTON, S.C. — A joint venture between Alex. Brown Realty Inc. (ABR), Wakefield Capital and Affinity Living Group has announced development plans for Indigo Hall, a 120,000-square-foot seniors housing community on James Island in Charleston.

July 13, 2017

CCRC Development News

Five Star Completes Renovations of CCRC in Illinois

by Jeff Shaw July 13, 2017

ARLINGTON HEIGHTS, Ill. — Five Star Senior Living (NASDAQ: FVE) has completed renovations at Church Creek Senior Living, a continuing care retirement community in the Chiacgo suburb of Arlington Heights.

July 13, 2017

Development Memory Care News

Koelsch to Break Ground on $24M Memory Care Community Near Seattle

by Jeff Shaw July 12, 2017

KIRKLAND, Wash. — Koelsch Communities will break ground July 19 on Jefferson House, an 80-bed memory care community in the Seattle suburb of Kirkland.

July 12, 2017

Finance News Skilled Nursing

Harborview Closes $48.6M in Financing for Two Skilled Nursing Facilities in Florida

by Jeff Shaw July 12, 2017

TAMPA and JUPITER, Fla. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $44.8 million loan for two skilled nursing facilities in Tampa and Jupiter. The names of the properties were not disclosed

July 12, 2017

Development Memory Care News

Isakson Living Adds Memory Care Property to CCRC in Georgia

by Jeff Shaw July 12, 2017

STONE MOUNTAIN, Ga. — Isakson Living has opened Park Springs Health Services, a memory care community adjacent to the company’s Park Springs continuing care retirement community in the Atlanta suburb of Stone Mountain.

July 12, 2017

Finance Investment News

WNC Closes $144 Million Institutional LIHTC Fund

by Jeff Shaw July 12, 2017

IRVINE, Calif. — WNC, an Irvine-based real estate investor, has closed WNC Institutional Tax Credit Fund 43 LP, a $144 million institutional low-income housing tax credit (LIHTC) fund.

July 12, 2017

News People

Newmark Knight Frank Adds Senior Housing Investment Experts Rob Black, Sean McNee

by Jeff Shaw July 12, 2017

SAN DIEGO — Newmark Knight Frank (NKF), a commercial real estate advisory firm, has added Rob Black and Sean McNee as senior managing directors. McNee and Black both specialize in seniors housing and care.

July 12, 2017

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