News

KeyBank Provides $92.5M in Bonds for Affordable Housing Near Seattle

by Jeff Shaw December 5, 2016

AUBURN, Wash. — KeyBank’s Community Development Lending & Investing group has provided $95.2 million in tax-exempt bond financing to construct two affordable housing communities in the Seattle suburb of Auburn, one for families and one for seniors.

December 5, 2016

Finance News

CBRE Arranges $30M Refinancing for 300-Unit Portfolio in El Paso

by Jeff Shaw December 5, 2016

EL PASO, Texas — CBRE has arranged a $30 million refinancing for a portfolio of four SunRidge independent living, assisted living and memory care communities in El Paso.

December 5, 2016

Memory Care News

Blueprint Brokers $8.5M Sale of 35-Unit Memory Care Community in Pennsylvania

by Jeff Shaw December 5, 2016

MOOSIC, Pa. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Oakwood Terrace, a 35-unit memory care community in the Scranton suburb of Moosic, for $8.5 million.

December 5, 2016

News Skilled Nursing

CareTrust Acquires Four Skilled Nursing Facilities Near Dallas for $95.9M

by Jeff Shaw December 2, 2016

DALLAS — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired four skilled nursing facilities in metro Dallas for $95.9 million.

December 2, 2016

CCRC News

Juniper Buys 356-Unit CCRC in Pennsylvania for $13.7M

by Jeff Shaw December 2, 2016

BENSALEM, Pa. — Juniper Communities has acquire Wood River Village Retirement Community, a 356-unit continuing care retirement community (CCRC) in the Philadelphia suburb of Bensalem, for $13.7 million.

December 2, 2016

News Operations

Sonata to Take Over Operations of Four Assisted Living Communities in South Florida

by Jeff Shaw December 2, 2016

ORLANDO, Fla. — Sonata Senior Living, an Orlando-based owner, developer and operator, will assume management of four HCP-owned assisted living and memory care communities in South Florida.

December 2, 2016

Alabama Development News Skilled Nursing

Methodist Homes Completes New Rehab Center at Community in Alabama

by Jeff Shaw December 2, 2016

DOTHAN, Ala. — Methodist Homes of Alabama & Northwest Florida has completed construction of The Rehab Inn, a 16-unit rehabilitation expansion at Wesley Place on Honeysuckle, an assisted living, memory care and skilled nursing community in Dothan.

December 2, 2016

Development News

Formation to Build Two Communities in Pennsylvania, Connecticut

by Jeff Shaw December 1, 2016

CRANBERRY TOWNSHIP, Pa., and RIDGEFIELD, Conn. — Formation Development Group, an Atlanta-based senior living developer and investor, will soon break ground on seniors housing projects in the Pittsburgh suburb of Cranberry Township and Ridgefield, approximately 60 miles northeast of New York City.

December 1, 2016

News People

Covenant Hires Jay Hibbard, Fran Palma to VP Positions

by Jeff Shaw December 1, 2016

SKOKIE, Ill. — Covenant Retirement Communities, a nonprofit operator based in Skokie, has hired Jay Hibbard as senior vice president of sales, marketing and communications, and Fran Palma as senior vice president of digital strategies.

December 1, 2016

News People

Mainstreet Hires Susan Berry, Jeff Key, Scott Roberts to Various Positions

by Jeff Shaw December 1, 2016

CARMEL, Ind. — Mainstreet, a skilled nursing developer and investor, has hired three new executives to its Carmel headquarters.

December 1, 2016

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