News

NHI Converts 32 Bickford RIDEA Leases to Triple-Net

by Jeff Shaw October 5, 2016

MURFREESBORO, Tenn., and OLATHE, Kan. — National Health Investors Inc. (NYSE: NHI) has signed an agreement with its joint venture partner Bickford Senior Living to convert all of the partnership’s 32 seniors housing leases from a RIDEA structure to triple net.

October 5, 2016

News People

Prestige Care Adds Two to C-Suite

by Jeff Shaw October 5, 2016

VANCOUVER, Wash. — Prestige Care, a Vancouver-based seniors housing operator, has hired Brenda West as chief clinical officer and Doug Owens as chief information officer.

October 5, 2016

News

M&M Arranges Sale of 80-Unit Supportive Living Facility in Illinois

by Jeff Shaw October 5, 2016

KANKAKEE, Ill. — Marcus & Millichap has arranged the sale of River Valley Supportive Living Residence, an 80-unit supportive living facility in Kankakee, approximately 60 miles south of Chicago. Supportive living is a program in Illinois that allows government reimbursement for assisted living-style services.

October 5, 2016

Development News

Greystar Nears Completion of 200-Unit 55+ Community Near Houston

by Jeff Shaw October 5, 2016

SUGAR LAND, Texas — Greystar has started pre-leasing at Overture Sugar Land, a 200-unit, age-restricted community in the Houston suburb of Sugar Land.

October 5, 2016

News

CBRE Arranges Sale, $50.5M Acquisition Financing for Two Arbor Communities in Georgia

by Jeff Shaw October 4, 2016

PEACHTREE CITY and MARIETTA, Ga. — CBRE National Senior Housing has arranged the sale of Arbor Terrace Peachtree City and Arbor Terrace at East Cobb, two seniors housing communities in Georgia.

October 4, 2016

News Skilled Nursing

SLIB Brokers Sale of 144-Bed Skilled Nursing Facility in South Carolina for $10.1M

by Jeff Shaw October 4, 2016

GREER, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the $10.1 million sale of The Cottages at Brushy Creek, a 144-bed skilled nursing facility in the Greenville suburb of Greer.

October 4, 2016

Development Memory Care News

Westminster to Open $10M, 48-Unit Memory Care Community in Georgia

by Jeff Shaw October 4, 2016

DALLAS, Ga. — Westminster Memory Care has nearly completed development of a 48-unit memory care community in Dallas, approximately 30 miles northwest of Atlanta.

October 4, 2016

Development News

Abby Development Buys 14 Acres in Arkansas to Develop 94-Unit Community

by Jeff Shaw October 4, 2016

CONWAY, Ark. — Abby Development has purchased 14 acres in Conway, approximately 20 miles north of Little Rock, with plans to develop Arabella of Conway, a 94-unit independent living, assisted living and memory care community.

October 4, 2016

News People

Mainstreet Hires Three New Employees at Indiana Headquarters

by Jeff Shaw October 4, 2016

CARMEL, Ind. — Mainstreet, a developer of skilled nursing facilities, has added three new employees to its Carmel headquarters.

October 4, 2016

Independent Living News

Bascom Acquires 123-Unit Independent Living Community in Arizona for $18M

by Jeff Shaw October 3, 2016

PRESCOTT, Ariz. — Bascom Arizona Ventures has acquired the Prescott Lakes Senior Community, a 123-unit luxury independent living community for $18 million or $146,341 per unit.

October 3, 2016

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