News

Summit Healthcare REIT Acquires Assisted Living Community in Arizona for $13.4M

by Jeff Shaw July 20, 2017

CHANDLER, Ariz. — Summit Healthcare REIT Inc. has acquired Pennington Gardens, a 90-bed assisted living and memory care facility in the Phoenix suburb of Chandler for $13.4 million.

July 20, 2017

MorningStar, Confluent Break Ground on 104-Unit Community Near Portland

by Jeff Shaw July 20, 2017

BEAVERTON, Ore. — Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on MorningStar of Beaverton, a 104-unit assisted living and memory care community in the Portland suburb of Beaverton.

July 20, 2017

Finance Independent Living News

Lancaster Pollard Arranges $6.5M Refinancing for 95-Unit Independent Living Community in California

by Jeff Shaw July 20, 2017

RIVERSIDE, Calif. — Lancaster Pollard has arranged a $6.5 million refinancing for Magnolia Grand, a 95-unit independent living community in Riverside, located in the Inland Empire region of California.

July 20, 2017

CCRC Development News

Sims Closes $93M Bond Financing for Construction of CCRC in New Hampshire

by Jeff Shaw July 19, 2017

KEENE, N.H. — HJ Sims has closed $93 million in tax-exempt bonds, which will be used toward the development of Hillside Village, a continuing care retirement community (CCRC) in Keene.

July 19, 2017

Development News Skilled Nursing

Goodman Group Breaks Ground on 30-Bed Rehab Center at Existing Community in Florida

by Jeff Shaw July 19, 2017

NAPLES, Fla. ─ The Goodman Group has broken ground on Terracina Health & Rehabilitation, a 30-bed transitional care unit at its Terrancia seniors housing in Naples.

July 19, 2017

Development Independent Living News

Starling to Build 140-unit Independent Living Community Near Jacksonville

by Jeff Shaw July 19, 2017

PONTE VEDRA, Fla. — Starling, a senior living owner and operator with communities in Florida and Tennessee, will soon break ground on a 140-unit independent living development in Nocatee, the a master-planned community in the Jacksonville suburb of Ponte Vedra.

July 19, 2017

Assisted Living News

SLIB Brokers Sale of 48-Unit Assisted Living Community in Idaho

by Jeff Shaw July 19, 2017

RATHDRUM, Idaho — Senior Living Investment Brokerage has arranged the sale of Generations Assisted Living and Wellness, a 48-unit assisted living community in Rathdrum, for an undisclosed price.

July 19, 2017

News Skilled Nursing

Strawberry Fields REIT Acquires Skilled Nursing Facility in Indiana for $1M

by Jeff Shaw July 19, 2017

LEBANON, Ind. — Strawberry Fields REIT LLC has acquired Hickory Creek at Lebanon, a 64-bed skilled nursing facility in the Indianapolis suburb of Lebanon, for $1 million.

July 19, 2017

News Skilled Nursing

Blueprint Arranges $5.4M Sale of 120-Bed Skilled Nursing Facility Near Denver

by Jeff Shaw July 18, 2017

AURORA, Colo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Sable Care and Rehabilitation Center, a 120-bed skilled nursing facility in the Denver suburb of Aurora, for $5.4 million.

July 18, 2017

Investment News

Focus Healthcare Partners Closes $312M Private Equity Fund, Plans to Invest Total of $900M in Seniors Housing

by Jeff Shaw July 18, 2017

CHICAGO — Focus Healthcare Partners LLC, a Chicago-based private real estate investment firm targeting the seniors housing sector, has closed its first discretionary investment fund, Focus Senior Housing Fund I LP.

July 18, 2017

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