News

Evergreen Real Estate Group Nears Completion of $24M Conversion of Historic Hospital to Independent Living in Illinois

by Jeff Shaw October 13, 2016

AURORA, Ill. — Evergreen Real Estate Group, a Chicago-based developer of market-rate multifamily properties, is nearing completion of its $24 million St. Charles Senior Living independent living development.

October 13, 2016

Assisted Living Development News

Caddis Opens 78-Unit Assisted Living Community Near Houston

by Jeff Shaw October 13, 2016

CYPRESS, Texas — Caddis, a Dallas-based real estate developer, has opened Heartis Cypress, a 78-unit assisted living and memory care community in the Houston suburb of Cypress.

October 13, 2016

News People

Brookdale Hires Lowe’s Veteran Cedric Coco to Lead HR

by Jeff Shaw October 13, 2016

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the largest owner and operator of seniors housing properties in the United States, has hired Cedric Coco as executive vice president and chief people officer.

October 13, 2016

Finance News

Pioneer Realty Capital Arranges $7.2M Refinancing for Seniors Housing Community in Texas

by Jeff Shaw October 13, 2016

PRINCETON, TEXAS — Pioneer Realty Capital LLC, a Texas-based lender, has arranged a $7.2 million refinancing for Villa Asuncion Independent and Assisted Living Center in the Dallas suburb of Princeton. The 176-bed community opened in 1998.

October 13, 2016

Development Memory Care News

Senior Lifestyle Opens Welcome Center at $17M Memory Care Community in Missouri

by Jeff Shaw October 12, 2016

CREVE COEUR, Mo. — Senior Lifestyle Corp. has opened a welcome center at The Sheridan in Creve Coeur, the second of several senior living communities the company has under development in metro St. Louis.

October 12, 2016

Company News Investment News Technology

AOL Founder Steve Case Makes $100,000 Investment in Seniors Housing Tech Company LifeLoop

by Jeff Shaw October 12, 2016

OMAHA, Neb. — Steve Case, founder of AOL and now CEO of investment firm Revolution LLC, has agreed to make a $100,000 equity investment in seniors housing technology company LifeLoop.

October 12, 2016

Assisted Living Development News

Chelsea Senior Living, AVR Realty Plan $27M Assisted Living Community on Long Island

by Jeff Shaw October 10, 2016

YAPHANK, N.Y. — A joint venture between Chelsea Senior Living and AVR Realty has planned a $27 million, 118-bed assisted living facility in the Long Island town of Yaphank.

October 10, 2016

News People

HHHunt Promotes Greg Fox to Director of Operations, Hires Two Executive Directors

by Jeff Shaw October 10, 2016

SEVERNA PARK, Md., and RICHMOND and BLACKSBURG, Va. — HHHunt Senior Living has promoted Greg Fox as the company’s director of operations for the Blacksburg-based company. In addition, HHHunt hired Alicia Archer and Linsday Levesque as executive directors of its communities in Richmond and Severna Park, respectively.

October 10, 2016

Development News

Spectrum Plans 174-Unit Community within $1B Mixed-Use Development in Indiana

by Jeff Shaw October 7, 2016

WHITESTOWN, Ind. — The Whitestown Town Council has given final approval for Spectrum Retirement to construct Anson Senior Living, a 174-unit independent living, assisted living and memory care community in the Indianapolis suburb of Whitestown.

October 7, 2016

News Skilled Nursing

AdCare Sells Nine Skilled Nursing Facilities in Arkansas for $55M

by Jeff Shaw October 7, 2016

ATLANTA — AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) has sold nine of its skilled nursing facilities in Arkansas for $55 million.

October 7, 2016

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