News

Love Funding Secures $2.6M Bridge-to-HUD Loan for Acquisition of Assisted Living Community in Texas

by Jeff Shaw March 23, 2017

TOMBALL, Texas — Love Funding has secured a $2.6 million bridge-to-HUD loan, which will fund the acquisition of as assisted living and memory care community in the Houston suburb of Tomball.

March 23, 2017

Cushman & Wakefield Arranges $34M Construction Financing for LCB Project in Connecticut

by Jeff Shaw March 22, 2017

DARIEN, Conn. — Cushman & Wakefield has arranged $34 million in construction financing for LCB Senior Living, which will use the capital to build The Residence at Selleck’s Woods, a 105-unit independent living, assisted living and memory care community in Darien.

March 22, 2017

Development News

Presbyterian Villages of Michigan Opens $17M, 84-Unit Community in Detroit

by Jeff Shaw March 22, 2017

DETROIT — Presbyterian Villages of Michigan (PVM) and Hartford Memorial Baptist Church have opened Hartford Village, an 84-unit seniors housing community in Detroit.

March 22, 2017

Development News Skilled Nursing

Methodist Homes Opens Rehab Center at CCRC in Birmingham

by Jeff Shaw March 22, 2017

BIRMINGHAM, Ala. — Methodist Homes of Alabama & Northwest Florida has opened a new rehabilitation center at Fair Haven, a continuing care retirement community in Birmingham.

March 22, 2017

Finance News People

Leumi Adds Daniel Csillag to Healthcare Banking Group

by Jeff Shaw March 22, 2017

NEW YORK CITY — Leumi, a New York-based lender, has hired Daniel Csillag as group head for the company’s healthcare program on the Northeast Middle Market team.

March 22, 2017

News People

Holiday Retirement Hires Dr. Bill Thomas as Chief Wellness Officer

by Jeff Shaw March 21, 2017

LAKE OSWEGO, Ore. — Holiday Retirement has hired Dr. Bill Thomas to the newly created position of chief wellness officer. Thomas will work to improve programs and quality of life for both residents and staff at Holiday’s communities.

March 21, 2017

Assisted Living Development News

Steadfast Senior Living Plans 67-Unit Community Near San Jose

by Jeff Shaw March 21, 2017

MORGAN HILL, Calif. — Steadfast Senior Living has unveiled plans for an unnamed, 67-unit assisted living and memory care community in the San Jose suburb of Morgan Hill.

March 21, 2017

News People

Blueprint Partners with Denver-Based Brokers Pamela Pyms, Hayden Behnke

by Jeff Shaw March 21, 2017

DENVER — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has partnered with Pamela Pyms and Hayden Behnke, both seniors housing real estate brokers in Denver.

March 21, 2017

Finance News

Walker & Dunlop Arranges $144M in Financing for Seven-Property Affordable Portfolio

by Jeff Shaw March 20, 2017

BETHESDA, Md. — Walker & Dunlop Inc. (NYSE: WD), a Bethesda-based lender, has arranged $144 million in Fannie Mae financing for a seven-property affordable seniors housing portfolio in New Jersey.

March 20, 2017

Memory Care News

NHI Buys Five Memory Care Communities in Texas, Illinois for $61.8M

by Jeff Shaw March 20, 2017

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has acquired five memory care facilities totaling 223 units in Texas and Illinois for $61.8 million.

March 20, 2017

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