News

Mainstreet to Open 70-Bed Skilled Nursing Facility in Colorado

by Jeff Shaw March 16, 2017

LOVELAND, Colo. — Mainstreet is set to open the doors on Medical Center of the Rockies at Centerra, a 70-bed skilled nursing facility in the Fort Collins suburb of Loveland.

March 16, 2017

News

Embrace Market Disruption and Adapt, Urges InterFace Keynote Speaker

by Jeff Shaw March 15, 2017

As people live longer, seniors housing must find new models, according to CEO of California’s largest nonprofit operator

March 15, 2017

Development News

Woda Group Opens 50-Unit Affordable Community Near Cleveland

by Jeff Shaw March 15, 2017

WILLOWICK, Ohio — The Woda Group Inc. has opened Willoughbeach Terrace, a 50-unit affordable seniors housing community located along Lake Erie in the Cleveland suburb of Willowick.

March 15, 2017

Development Memory Care News

Watercrest Breaks Ground on 64-Unit Memory Care Community Near Tampa

by Jeff Shaw March 14, 2017

TARPON SPRINGS, Fla. — Watercrest Senior Living Group has broken ground on Market Street Memory Care Residences, a 64-unit memory care community in the Tampa suburb of Tarpon Springs.

March 14, 2017

Development Finance News

KeyBank Provides $12.4M Loan for Rehabilitation of 91-Unit Affordable Community in Connecticut

by Jeff Shaw March 14, 2017

NORWALK, Conn. — KeyBank Real Estate Capital has provided $12.4 million in FHA financing for Cedar Court Apartments, a 91-unit affordable seniors housing community in Norwalk.

March 14, 2017

News People

Cadence Senior Living Hires Tracy Colburn as Vice President of Operations

by Jeff Shaw March 14, 2017

SCOTTSDALE, Ariz. — Cadence Senior Living has hired Tracy Colburn to serve as the company’s vice president of operations.

March 14, 2017

Finance News Skilled Nursing

Monticello Provides $9.5M Loan for Acquisition of 175-Bed Skilled Nursing Facility in Nebraska

by Jeff Shaw March 14, 2017

NEW YORK CITY — Monticello Asset Management LLC, a New York-based investment advisor, has provided $9.5 million in financing to Omaha Property Holdings and AHMO LLC. The borrowers will use the money to purchase a 175-bed skilled nursing facility in Nebraska.

March 14, 2017

Assisted Living Development Finance News

Love Funding Closes $6.8M Construction Loan for Assisted Living Community in Utah

by Jeff Shaw March 14, 2017

SOUTH JORDAN, Utah — Love Funding, a lender specializing in FHA loans for healthcare real estate, has closed a $6.8 million bridge loan for the construction of an assisted living and memory care community in the Sale Lake City suburb of South Jordan.

March 14, 2017

Development Finance News

Cushman & Wakefield Arranges $9M Loan to Build 88-Unit Community in Arizona

by Jeff Shaw March 13, 2017

YUMA, Ariz. — Cushman & Wakefield Senior Housing Capital Markets has negotiated a $9 million loan for Mission Senior Living. The capital will be used to build River Valley Estates, an 88-unit assisted living and memory care community in Yuma.

March 13, 2017

Finance News

Walker & Dunlop Closes $222M Portfolio of HUD Interest Rate Reduction Loans

by Jeff Shaw March 13, 2017

BETHESDA, Md. — Walker & Dunlop Inc. (NYSE: WD) has arranged $222 million in HUD interest rate reductions for a portfolio of 30 skilled nursing properties.

March 13, 2017

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