News

Sims Mortgage Funding Recapitalizes Three Affordable Housing Projects in Minnesota

by Jeff Shaw May 2, 2017

SAUK RAPIDS, Minn. — Sims Mortgage Funding (SMF), a subsidiary of HJ Sims, has provided a $2.4 million recapitalization for Good Shepherd Apartments, an elderly housing community located in Sauk Rapids, approximately 70 miles northwest of Minneapolis.

May 2, 2017

Erickson Breaks Ground on $19M CCRC Expansion Near Philadelphia

by Jeff Shaw May 1, 2017

WARMINSTER, Pa. — Erickson Living has broken ground on a $19 million expansion at Ann’s Choice, a continuing care retirement community in the Philadelphia suburb of Warminster.

May 1, 2017

Assisted Living News

ESI Arranges Sale of 64-Unit Assisted Living Community in Texas for $7.9M

by Jeff Shaw May 1, 2017

FRISCO, Texas — Evans Senior Investments (ESI) has arranged the sale of The Lodge at Quail Park, an assisted living community in Frisco, for $7.9 million.

May 1, 2017

Alabama News

HFF Arranges Financing, Sale of 232-Unit Community in Alabama

by Jeff Shaw April 28, 2017

HOOVER, Ala. — HFF has arranged both the sale of and acquisition financing for Danberry at Inverness, a 232-unit community in the Birmingham suburb of Hoover. The sale price was not disclosed.

April 28, 2017

Development News

Heritage Senior Living to Open 136-Unit Community in Wisconsin

by Jeff Shaw April 28, 2017

KIMBERLY, Wis. — Heritage Senior Living is preparing to open Aspire Senior Living, a 136-unit independent living, assisted living and memory care community in Kimberly, approximately 25 miles southeast of Green Bay.

April 28, 2017

Memory Care News

SLIB Arranges $4.5M Sale of 52-Unit Memory Care Community in Dallas

by Jeff Shaw April 28, 2017

DALLAS — Senior Living Investment Brokerage has arranged the sale of Arbor House of Dallas, a 52-unit memory care community in Dallas, for $4.5 million.

April 28, 2017

Finance News

Love Funding Secures $4.5M Loan for Affordable Community in New Jersey

by Jeff Shaw April 28, 2017

WEST ORANGE TOWNSHIP, N.J. — Love Funding has closed a $4.5 million refinancing for John P. Renna House, an age-restricted, affordable apartment community in the New York City suburb of West Orange Township.

April 28, 2017

CCRC Development News

LCS Completes $154.5M Phase II Expansion Near Seattle

by Jeff Shaw April 27, 2017

ISSAQUAH, Wash. — Life Care Services has completed the $154.5 million Phase II expansion of Timber Ridge at Talus, a CCRC in the Seattle Suburb of Issaquah.

April 27, 2017

Company News Independent Living News

Holiday Retirement to Move Headquarters from Oregon to Florida

by Jeff Shaw April 27, 2017

WINTER PARK, Fla. — Holiday Retirement, the largest owner-operator of independent living properties in the United States, plans to move its headquarters from Lake Oswego, Ore., to the Orlando suburb of Winter Park, according to The Oregonian.

April 27, 2017

Development News Skilled Nursing

Welbrook Nears Completion of 50-Bed Skilled Nursing Facility in New Mexico

by Jeff Shaw April 27, 2017

LAS CRUCES, N.M. — Welbrook Senior Living expects to complete construction of 50-bed skilled nursing facility in Las Cruces, just north of El Paso, Texas, by the end of June.

April 27, 2017

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