News

Berkadia Expands into Seniors Housing Investment Sales

by Jeff Shaw September 8, 2016

CHICAGO — Berkadia , a Chicago-based Freddie Mac, Fannie Mae and HUD lender, has expanded its investment sales platform into the Seniors Housing and Healthcare Group.

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September 8, 2016

Covenant Retirement Communities Names Amanda Gosnell Executive Director of CCRC in Illinois

by Jeff Shaw September 8, 2016

BATAVIA, Ill. — Covenant Retirement Communities, a nonprofit seniors housing operator, has named Amanda Gosnell executive director of The Holmstad, a 38-acre continuing care retirement community in the Chicago suburb of Batavia.

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September 8, 2016

Development Memory Care News

Commonwealth Plans $900,000 Memory Care Expansion in Virginia

by Jeff Shaw September 7, 2016

FARNHAM, Va. — Commonwealth Assisted Living has announced plans to add six new memory care suites to Commonwealth Assisted Living at Farnham, the company’s existing community in Farnham, in eastern Virginia nestled between the Rappahannock River, Potomac River and Chesapeake Bay.

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September 7, 2016

Dominion Promotes Two to Executive Director Positions in Tennessee

by Jeff Shaw September 7, 2016

BRISTOL and JOHNSON CITY, Tenn. — Dominion Senior Living has promoted two existing employees to executive director positions at its seniors housing communities in Bristol and Johnson City.

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September 7, 2016

Blue Moon Capital Partners Hires Christopher Kronenberger as Managing Director

by Jeff Shaw September 7, 2016

BOSTON — Blue Moon Capital Partners LLC, a Boston-based seniors housing private equity investor, has hired Christopher Kronenberger as managing director of investments.

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September 7, 2016

NHI Buys Three FirCrest Communities in Oregon for $36.6M

by Jeff Shaw September 6, 2016

MCMINNVILLE, Ore. — National Health Investors (NYSE: NHI) has purchased the entire portfolio of FirCrest Community Living for $36.6 million. The transaction included three seniors housing communities, all located in McMinnville, approximately 35 miles southwest of Portland.

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September 6, 2016

CCRC Finance News

Ziegler Arranges $61.5M in Bond Financing for 435-Unit CCRC in Austin

by Jeff Shaw September 6, 2016

AUSTIN, Texas — Ziegler, a specialty investment bank, has priced $61.5 million in bonds for Westminster Manor, a nonprofit continuing care retirement community (CCRC) in Austin.

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September 6, 2016

Company News News

MBK Acquires 109-Unit Community in California, Starts Search for President

by Jeff Shaw September 6, 2016

ANTIOCH, Calif. — MBK Senior Living has purchased The Commons at Dallas Ranch, a 109-unit assisted living and memory care community in Antioch, for an undisclosed price.

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September 6, 2016

Development News

Arbor Glen Senior Living Breaks Ground on $16M Community in Minnesota

by Jeff Shaw September 6, 2016

LAKE ELMO, Minn. — Arbor Glen Senior Living has broken ground on a $16 million independent living, assisted living and memory care community in the eastern St. Paul suburb of Lake Elmo.

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September 6, 2016

CBRE Arranges Refinancing for Class A Community Near Cincinnati

by Jeff Shaw September 6, 2016

MILFORD, Ohio — CBRE has arranged a refinancing for Pinebrook Retirement Living, a Class A, 124-unit independent living and assisted living community in the Cincinnati suburb of Milford. The size of the loan was not disclosed.

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September 6, 2016

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