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.

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.

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.

September 6, 2016

Finance News

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.

September 6, 2016

News People

Senior Lifestyle Corp. Promotes Cherie Dupor to Senior Vice President of Sales, Marketing

by Jeff Shaw September 6, 2016

CHICAGO — Senior Lifestyle Corp. has promoted Cherie Dupor to the position of senior vice president of sales and marketing. Based in Chicago, the company is an owner, operator and developer of seniors housing communities.

September 6, 2016

News

HFF Arranges Sale of Two-Property Portfolio in D.C., New York for $54.5M

by Jeff Shaw September 2, 2016

WASHINGTON, D.C. and YORKTOWN HEIGHTS, N.Y. — HFF has arranged the $54.5 million sale of two seniors housing assets totaling 219 units: Chevy Chase House in Washington, D.C., and Country House in Yorktown Heights, approximately 40 miles north of New York City.

September 2, 2016

Assisted Living Development News

Singh Development Opens $40M Assisted Living Community in Charlotte

by Jeff Shaw September 2, 2016

CHARLOTTE, N.C. — Michigan-based Singh Development has opened Waltonwood Cotswold, a 120,000-square-foot assisted living and memory care community in the Cotswold submarket of Charlotte.

September 2, 2016

Development News

Congress Building Corp. Completes Renovations of Greenfield Acres Community in Massachusetts

by Jeff Shaw September 2, 2016

GREENFIELD, Mass. — Congress Building Corp. has completed the renovation of Greenfield Acres, an independent living community in Greenfield, located in Northern Massachusetts near the New Hampshire border.

September 2, 2016

Development News

Spectrum Opens 152-Unit Community in Illinois

by Jeff Shaw September 2, 2016

STREAMWOOD, Ill. — Denver-based Spectrum Retirement Communities has opened Westbrook Senior Living, a 152-unit independent living, assisted living and memory care community in Streamwood, approximately 35 miles northwest of Chicago.

September 2, 2016

News

Metropolitan Capital Advisors Arranges $18.8M Construction Loan for 124-Bed Community in Alabama

by Jeff Shaw September 2, 2016

MADISON, Ala. — Metropolitan Capital Advisors has arranged $18.8 million in construction financing for Shepherd Living at the Range, a 124-bed assisted living and memory care community in the Huntsville suburb of Madison.

September 2, 2016

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