News

Life Care Services, Westminster Funds to Add 24-Unit Independent Living Neighborhood to CCRC in Phoenix

by Jeff Shaw September 13, 2016

PHOENIX — Life Care Services and Westminster Funds, the joint venture owners of Sagewood, a continuing care retirement community in Phoenix, have announced plans to add a 24-unit independent living neighborhood to the community’s campus.

September 13, 2016

Independent Living News

M&M Arranges Sale of 111-Unit Independent Living Community in Dallas Suburb

by Jeff Shaw September 13, 2016

GARLAND, Texas — Marcus & Millichap has arranged the sale of Montclair Estates, a 111-unit independent living community in the first-ring Dallas suburb of Garland, for an undisclosed price.

September 13, 2016

Independent Living News

Grand Park Capital, Chicago Pacific Founders Acquire Four-Property Portfolio for $180M

by Jeff Shaw September 12, 2016

CHICAGO — A joint venture between Chicago Pacific Founders, its affiliate CPF Living Communities and Grand Park Capital Management has acquired a four-property portfolio of Town Village-branded independent living properties for $180 million.

September 12, 2016

Assisted Living Development News

Kaplan Development Starts Construction of 112-Bed Assisted Living Community in New Jersey

by Jeff Shaw September 12, 2016

HILLSBOROUGH, N.J. — Kaplan Development Group LLC has started construction of The All American Assisted Living of Hillsborough, a 112-bed assisted living and memory care community in Hillsborough, located midway between New York City and Philadelphia.

September 12, 2016

News People

Watercrest Senior Living Hires Lindsay Granson as Vice President of Sales

by Jeff Shaw September 12, 2016

VERO BEACH, Fla. — Watercrest Senior Living Group, an assisted living and memory care operator based in Vero Beach, has hired Lindsay Granson as vice president of sales.

September 12, 2016

Development News

Beztak, Integral Plan 187-Unit Community in Florida

by Jeff Shaw September 9, 2016

NAPLES, Fla. — Beztak Land Co. and Integral Senior Living have unveiled plans for All Seasons Naples, a 187-unit independent living, assisted living and memory care community in Naples.

September 9, 2016

Finance News Skilled Nursing

Capital One Provides $10.3M HUD Refinancing for Two Skilled Nursing Facilities in Illinois

by Jeff Shaw September 9, 2016

CARBONDALE and ANNA, Ill. — Capital One has provided two fixed-rate, HUD 232/223(f) loans totaling $10.3 million to refinance a 70-bed skilled nursing facility in Anna and a 131-bed skilled nursing facility in Carbondale. The names of the facilities were not disclosed.

September 9, 2016

Development Independent Living News

McGrew Properties to Convert Vacant Nursing Home to Independent Living Using Affordable Housing Grant

by Jeff Shaw September 9, 2016

HOT SPRINGS, Ark. — McGrew Properties will convert a long-abandoned skilled nursing facility in Hot Springs into a 25-unit independent living community with the assistance of a $224,000 affordable housing grant.

September 9, 2016

News People

Kendal Hires Colleen Ryan Mallon as Chief Marketing Officer

by Jeff Shaw September 8, 2016

KENNETT SQUARE, Pa. — The Kendal Corp., one of the largest nonprofit seniors housing operators in the United States, has hired Colleen Ryan Mallon as the company’s chief marketing officer.

September 8, 2016

Finance News People

Wells Fargo Capital Finance Promotes Kevin Harbour to National Healthcare Sales Manager

by Jeff Shaw September 8, 2016

SANTA MONICA, Calif. — Wells Fargo Capital Finance, the asset-based lending division of Wells Fargo & Company (NYSE: WFC), has promoted Kevin Harbour within its Healthcare Finance Group.

September 8, 2016

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