News

LeadingAge, Ziegler Release Top 150 Nonprofit Operators

by Jeff Shaw November 22, 2016

CHICAGO and WASHINGTON, D.C. — LeadingAge, an association representing nonprofit seniors housing operators, and Ziegler, an investment bank specializing in bond financing for nonprofits, have released the 2016 edition of LeadingAge Ziegler 150. The document ranks and analyzes the largest 150 nonprofit seniors housing operators in the United States.

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November 22, 2016

News Operations

Solvere to Take Over Management of Nonprofit Community in New York City

by Jeff Shaw November 22, 2016

NEW YORK CITY — Solvere Senior Living has been hired to manage The Brielle at Seaview, a 103,000-square-foot assisted living and memory care community in the New York borough of Staten Island.

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November 22, 2016

Assisted Living News

SLIB Brokers Sale of 45-Unit Assisted Living Community Near Birmingham for $4.5M

by Jeff Shaw November 18, 2016

TRUSSVILLE, Ala. — Senior Living Investment Brokerage has arranged the $4.5 million sale of Sunrise Ridge, a 45-unit assisted living community in the Birmingham suburb of Trussville.

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November 18, 2016

Assisted Living News

JCH Negotiates $15.5M Sale of 119-Unit Assisted Living Community in California

by Jeff Shaw November 18, 2016

MONTCLAIR, Calif. — JCH Consulting Group has arranged the $15.5 million sale of a 119-unit assisted living and memory care community in the Los Angeles suburb of Montclair.

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November 18, 2016

Finance News Skilled Nursing

Monticello Facilitates $7.2M Bridge-to-HUD Loan for Skilled Nursing Facility in New York

by Jeff Shaw November 18, 2016

NIAGARA FALLS, N.Y. — Monticello Asset Management LLC has facilitated a $7.2 million bridge-to-HUD loan for a 160-bed skilled nursing facility in Niagara Falls. The name of the facility was not disclosed.

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November 18, 2016

Independent Living News

Ray Stone Acquires 102-Unit Independent Living Community in California

by Jeff Shaw November 17, 2016

REDDING, Calif. — Ray Stone Inc. has acquired River Oaks Retirement Community, a 102-unit independent living community in Redding, approximately 160 miles north of Sacramento. The price was not disclosed.

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November 17, 2016

Finance News Skilled Nursing

Harborview Capital Partners Closes Two Skilled Nursing Loans Totaling $30M

by Jeff Shaw November 17, 2016

CORTLAND, N.Y., and WINFIELD, Ill. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged two loans totaling $30 million for skilled nursing facilities near Syracuse, N.Y., and Chicago.

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November 17, 2016

Assisted Living Development News

MorningStar, Confluent Break Ground on 85-Unit Assisted Living Community in Des Moines

by Jeff Shaw November 17, 2016

WEST DES MOINES, Iowa — Co-developers MorningStar Senior Living and Confluent Development have broken ground on MorningStar at Jordan Creek, an 85-unit assisted living and memory care community in West Des Moines.

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November 17, 2016

CBRE Negotiates $7.4M Acquisition Loan for 73-Unit Community in Virginia

by Jeff Shaw November 17, 2016

WINCHESTER, Va. — CBRE has arranged a $7.4 million loan for a joint venture between Care Investment Trust and affiliates of Inspirit Senior Living. The capital will be used to purchase Hilltop House Assisted Living, a 73-unit independent living, assisted living and memory care community.

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November 17, 2016

Development News Skilled Nursing

Marquis Health Services Completes $2.8M Skilled Nursing Renovation in New Jersey

by Jeff Shaw November 17, 2016

BRICK, N.J. — Marquis Health Services has completed the $2.8 million repositioning of Willow Springs Rehabilitation and Healthcare Center in Brick.

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November 17, 2016

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