News

Drever, Alder JV Starts Construction of 243-Unit 55+ Community Near Dallas

by Jeff Shaw August 17, 2016

ALLEN, Texas — Drever Capital Management and The Alder Group have started construction of Alders at Twin Creeks, a 243-unit active adult community in the Dallas suburb of Allen.

August 17, 2016

Love Funding Secures $51.2M Refinancing for Affordable Communities in Texas

by Jeff Shaw August 17, 2016

HOUSTON and FORT WORTH, Texas — Love Funding has closed a $51.2 million in loans for The Wentwood Companies to refinance a four-property affordable multifamily portfolio in Houston and Fort Worth. Three of the properties are age-restricted.

August 17, 2016

Finance News People

United Community Bank Adds Senior Care Lending Group

by Jeff Shaw August 17, 2016

BIRMINGHAM, Ala. — United Community Bank has expanded its specialized lending division with the addition of a four-person team specializing in seniors housing communities.

August 17, 2016

News People

Blake Management Group Hires Tiffany Bazen as Executive Director of Community Under Construction in South Carolina

by Jeff Shaw August 17, 2016

ELGIN, S.C. — Blake Management Group has hired Tiffany Bazen as executive director of The Blake at Woodcreek Farms, an assisted living and memory care community under construction in Elgin, 20 miles northeast of Columbia.

August 17, 2016

Development News Skilled Nursing

Welbrook Starts Construction of $13M, 50-Bed Skilled Nursing Facility in Arizona

by Jeff Shaw August 16, 2016

FLAGSTAFF, Ariz. — Welbrook Senior Living has started construction of a 50-bed skilled nursing facility in Flagstaff. Services at the facility will focus on transitional rehabilitation. Development costs were estimated at $13 million.

August 16, 2016

Development News

McShane, IBG to Build 102-Unit Affordable Community Near Atlanta

by Jeff Shaw August 16, 2016

ROSWELL, Ga. — The Integral Group has selected a joint venture between McShane Construction Co. and IBG Construction to build The Veranda at Groveway, a 102-unit affordable seniors housing community in the Atlanta suburb of Roswell.

August 16, 2016

News People

Dixon Hughes Goodman Hires Healthcare Transaction Specialist John Brock to Atlanta Office

by Jeff Shaw August 16, 2016

ATLANTA — Dixon Hughes Goodman LLP (DHG), a public accounting and advisory firm based in Charlotte, N.C., has hired John Brock as a partner in the firm’s Atlanta office.

August 16, 2016

News

CBRE Arranges $60M Acquisition Loan for Four-Property Portfolio in Metro Seattle

by Jeff Shaw August 15, 2016

SEATTLE — CBRE has arranged $60 million in acquisition financing for a joint venture between Capitol Seniors Housing and The Carlyle Group. The JV will use the funds to purchase a four-property seniors housing portfolio throughout the Seattle metro area.

August 15, 2016

News

M&M Brokers $15.6M Sale of 87,526 SF Community in Sacramento

by Jeff Shaw August 15, 2016

SACRAMENTO, Calif. — Marcus & Millichap (NYSE: MMI) has arranged the sale of Gramercy Court, an 87,526-square-foot assisted living and skilled nursing facility in Sacramento for $15.6 million.

August 15, 2016

Development Memory Care News

Drever to Build 64-Unit Memory Care Community in Colorado

by Jeff Shaw August 15, 2016

FORT COLLINS, Colo. — Drever Capital Management has unveiled plans for a new Windsong-branded memory care community in Fort Collins, approximately 60 miles north of Denver.

August 15, 2016

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