News

Presby’s to Add 85 Units, Clubhouse to CCRC Near Philadelphia for $75M

by Jeff Shaw April 19, 2017

JENKINTOWN, Pa. — Presby’s Inspired Life has announced plans for a $75 million expansion at Rydal Park, a continuing care retirement community in the Philadelphia suburb of Jenkintown.

April 19, 2017

CCRC Finance News

HJ Sims Provides $15.7M Refinancing for CCRC in Florida

by Jeff Shaw April 19, 2017

PONTE VEDRA BEACH, Fla. — HJ Sims, a Connecticut-based investment bank, has completed a $15.7 million refinancing for Vicar’s Landing, a continuing care retirement community in the coastal Jacksonville suburb of Ponte Vedra Beach.

April 19, 2017

Development News

Dominion Partners to Open Two Somerby Communities in the Southeast

by Jeff Shaw April 18, 2017

SANDY SPRINGS, Ga., and FRANKLIN, Tenn. — Dominion Partners has opened Somerby Sandy Springs in the Atlanta suburb of Sandy Springs. The company also plans to open Somerby Franklin in the Nashville suburb of Franklin within the next two months.

April 18, 2017

Company News News People

AdCare Parts Ways with CEO William McBride for False Claim on Resume

by Jeff Shaw April 18, 2017

ATLANTA — AdCare Health Systems (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), an Atlanta-based skilled nursing owner, has fired William McBride III, the company’s CEO and chairman of the board, amid revelations that he misrepresented his education history.

April 18, 2017

CCRC Finance News

HJ Sims Arranges $20.2M Refinancing for Nonprofit CCRC in Pennsylvania

by Jeff Shaw April 18, 2017

DAVIDSVILLE, Pa. — HJ Sims, a Connecticut-based investment bank has arranged a $20.2 million debt modification for Allegheny Christian Ministries. The transaction will refinance debt on Laurel View Village, a nonprofit continuing care retirement community in Davidsville, approximately 75 miles east of Pittsburgh.

April 18, 2017

Finance News Skilled Nursing

KeyBank Provides $15.4M Refinancing for 120-Bed Skilled Nursing Facility in Texas

by Jeff Shaw April 18, 2017

HARLINGEN, Texas — KeyBank Real Estate Capital has provided a $15.4 million first mortgage loan for Regency-Windsor Atrium View.

April 18, 2017

Assisted Living News

M&M Brokers Sale of 87-Unit Assisted Living Community in Dallas MSA

by Jeff Shaw April 17, 2017

ALLEN, Texas — Marcus & Millichap (NYSE: MMI) has arranged the sale of Texas Star Assisted Living, an 87-unit assisted living and memory care community in Allen, just north of Dallas.

April 17, 2017

News People

Walker & Dunlop Adds Affordable Housing Specialist Matt Naish to Multifamily Team

by Jeff Shaw April 17, 2017

BETHESDA, Md. — Walker & Dunlop Inc. (NYSE: WD) has added Matt Naish to its Multifamily Finance group as senior vice president.

April 17, 2017

CCRC Finance News

HJ Sims Completes $29M Debt Modification for CCRC in Ohio

by Jeff Shaw April 17, 2017

HUDSON, Ohio — HJ Sims has arranged a $29 million debt modification for Laurel Lake, a nonprofit continuing care retirement community (CCRC) in Hudson, located between Cleveland and Akron.

April 17, 2017

News

NIC: Occupancy Falls to Four-Year Low as New Inventory Exceeds Demand

by Jeff Shaw April 13, 2017

ANNAPOLIS, Md. — The occupancy rate for seniors housing properties in the first quarter of 2017 averaged 89.3 percent, the lowest point since mid-2013, according to the National Investment Center for Seniors Housing & Care (NIC).

April 13, 2017

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