DOWNERS GROVE, Ill., PRAIRIE VILLAGE, Kan., and DELRAY BEACH, Fla. — Lifespace Communities, a nonprofit operator based in Iowa, has named new executive directors at its continuing care retirement communities (CCRCs) in Downers Grove, Prairie Village and Delray Beach.
News
Eastern Union, Greystone Arrange $105M Acquisition Loan for 13-Property Portfolio in Kentucky
by Jeff Shaw
NEW YORK CITY — Eastern Union Funding and Greystone & Co. have arranged a $105 million loan for a New York-based owner-operator. The loan will be used to partially fund the $120 million acquisition of 12 skilled nursing facilities and one assisted living community in Eastern Kentucky.
LOUISVILLE, Ky. — Kindred Healthcare Inc. (NYSE: KND) plans to buy the 36 skilled nursing facilities it currently operates for Ventas for $700 million. The move is the latest step in Kindred’s plan to fully exit the skilled nursing business. The company will presumably try to sell the facilities that it will now both own and operate.
DALLAS — Senior Quality Lifestyles Corporation (SQLC), a nonprofit seniors housing developer and operator based in Dallas, has announced its plans to purchase Seniority Inc., an operator and marketing, sales and consulting firm currently owned by fellow nonprofit operator American Baptist Homes of the West (ABHOW).