News

Caddis Starts Construction of 178-Unit Community Near Dallas

by Jeff Shaw January 3, 2017

BEDFORD, Texas — Caddis has broken ground on Heartis MidCities, a 178-unit independent living, assisted living and memory care community in Bedford, approximately 14 miles northeast of Fort Worth.

January 3, 2017

Welltower Completes Sale of Interest in 28 Facilities to Chinese Investors

by Jeff Shaw January 3, 2017

TOLEDO, Ohio — A joint venture between Cindat Capital Management Limited and Union Life Insurance, both Chinese investment companies, has completed its purchase of 75 percent interest in a Welltower-owned portfolio of 28 skilled nursing facilities.

January 3, 2017

News People

Blake Management Hires Former Parc, Holiday Executive as COO

by Jeff Shaw January 3, 2017

RIDGELAND, Miss. — Blake Management Group has hired Phil Benjamson as chief operating officer.

January 3, 2017

News Skilled Nursing

Tryko Partners Acquires 206-Bed Skilled Nursing Facility in Rhode Island

by Jeff Shaw January 3, 2017

PROVIDENCE, R.I. — Tryko Partners has acquired Elmhurst Extended Care, a 206-bed skilled nursing facility on the Roger Williams Medical Center campus in Providence. The purchase price was not disclosed.

January 3, 2017

Development News

Walters Group Opens 70-Unit Affordable Community in New Jersey

by Jeff Shaw January 3, 2017

BARNEGAT, N.J. — Walters Group has opened Cornerstone at Barnegat, an income-restricted, age-restricted apartment community in the coastal New Jersey town of Barnegat.

January 3, 2017

Company News News People

Capital Senior Living President, COO Keith Johannessen Passes Away

by Jeff Shaw December 22, 2016

DALLAS — Keith Johannessen, president and chief operating officer of Capital Senior Living Corp. (NYSE: CSU), has died after a battle with cancer.

December 22, 2016

Development News

Caddis Breaks Ground on 168-Unit Community Near Atlanta

by Jeff Shaw December 21, 2016

FAYETTEVILLE, Ga. — Caddis has broken ground on Heartis Fayetteville, a 168-unit independent living, assisted living and memory care community in Fayetteville, approximately 20 miles south of Atlanta.

December 21, 2016

Company News Investment News

Shareholders Approve NorthStar, Colony Merger, Forming New REIT with $8B Market Cap

by Jeff Shaw December 21, 2016

LOS ANGELES and NEW YORK CITY — The shareholders of Colony Capital Inc. (NYSE: CLNY), NorthStar Asset Management Group Inc. (NYSE: NSAM) and NorthStar Realty Finance Corp. (NYSE: NRF) have all approved the planned merger of the three companies into one REIT.

December 21, 2016

Finance News

CBRE Arranges $16.7M Refinancing for 207-Unit Community in California

by Jeff Shaw December 21, 2016

RIVERSIDE, Calif. — CBRE has arranged a $16.7 million loan for Capitol Seniors Housing, which will use the capital to refinance debt on Welbrook Arlington, a seniors housing community in the Los Angeles suburb of Riverside.

December 21, 2016

Finance News

Kennedy Funding Financial Closes $1.7M Loan for Assisted Living Development in New Jersey

by Jeff Shaw December 21, 2016

EAST WINDSOR, N.J. — Kennedy Funding Financial, a direct private lender based in New Jersey, has closed on a $1.7 million loan to EW Acquisition LLC.

December 21, 2016

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