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

Independent Living News

American House Acquires 173-Unit Independent Living Community in Florida

by Jeff Shaw August 9, 2017

WILDWOOD, Fla. — American House Senior Living Communities has acquired American House Wildwood, a 173-unit independent living community in Wildwood, approximately 50 miles northwest of Orlando.

August 9, 2017

Assisted Living News Operations

Allegro Takes Over Management of Two Communities in Florida

by Jeff Shaw August 9, 2017

TAVARES and CLERMONT, Fla. — Allegro Management Co. has taken over the operations of Osprey Lodge in Tavares and Crane’s View Lodge in Clermont.

August 9, 2017

Company News News Technology

Columbia Pacific Advisors Sells Pharmacy Automation Program to Swisslog Healthcare

by Jeff Shaw August 9, 2017

KIRKLAND, Wash. — Columbia Pacific Advisors, a Seattle alternative investment firm, has sold Talyst Systems LLC, a pharmacy automation solution based in Kirkland, Wash. Swisslog Healthcare, a global supplier of medication management and supply chain solutions and services, acquired the business for an undisclosed price.

August 9, 2017

Alabama Development News

LifeCenters to Build 190-Unit Community in Master-Planned Development in Alabama

by Jeff Shaw August 8, 2017

HUNTSVILLE, Ala. — LifeCenters Communities for Seniors has planned a 190-unit independent living, assisted living and memory care community within its Hampton Cove master-planned development in Huntsville.

August 8, 2017

Company News News

Brookdale Sale Stalls Amid Buyer’s Funding Problems, According to Financial Times

by Jeff Shaw August 8, 2017

BRENTWOOD, Tenn. — The proposed $3 billion acquisition of Brookdale Senior Living (NYSE: BKD) by a Chinese investor has stalled amid funding problems for the buyer, according to a report by Financial Times.

August 8, 2017

Assisted Living Development News

Civitas, Titan to Open 95-Bed Community in Florida

by Jeff Shaw August 8, 2017

BRADENTON, Fla. — Civitas Senior Living, a Texas-based senior living management and consulting company, has been awarded the managing contract for Élan Manatee, a 95-bed assisted living and memory care community in Bradenton.

August 8, 2017

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