News

CBRE Arranges Sale of Six-Property Skilled Nursing Portfolio in Oklahoma

by Jeff Shaw July 20, 2016

OKLAHOMA CITY — The Oklahoma City office of CBRE has arranged the sale of a six-building, 427-bed skilled nursing portfolio throughout the state of Oklahoma for an undisclosed price.

July 20, 2016

SLIB Brokers $3.9M Sale of Brookdale-Managed Assisted Living Community in Tennessee

by Jeff Shaw July 20, 2016

NEWPORT, Tenn. — Senior Living Investment Brokerage has arranged the sale of Brookdale Newport, a 42-unit assisted living and memory care community in Newport, approximately 50 miles east of Knoxville.

July 20, 2016

News People

Allegro Hires Jennifer Butler as Executive Director of Community in Tampa

by Jeff Shaw July 20, 2016

TAMPA, Fla. — Allegro Management Company has hired Jennifer Butler as executive director of Renaissance Senior Living, an independent living, assisted living and memory care community in Tampa.

July 20, 2016

News Skilled Nursing

Popular Community Bank Provides $7.5M for Acquisition, Renovation of 125-Bed Skilled Nursing Facility in Georgia

by Jeff Shaw July 20, 2016

ROSSVILLE, Ga. — Popular Community Bank has provided a total of $7.5 million in financing for Parkside Skilled Nursing Facility, a 125-bed facility in Rossville, near the Tennessee border only five miles from Chattanooga.

July 20, 2016

Development News

Richman Group Completes 95-Unit Affordable Community in California

by Jeff Shaw July 19, 2016

FULLERTON, Calif. — The Richman Group of California Development Company has completed construction of Ventana, a 95-unit affordable seniors community in Fullerton.

July 19, 2016

News Skilled Nursing

Colliers Arranges $4.3M Sale of 135-Bed Skilled Nursing Facility in Tampa

by Jeff Shaw July 19, 2016

TAMPA, Fla. — Colliers International’s National Seniors Housing Group has arranged the sale of Hanna Oaks, a 135-bed skilled nursing facility in Tampa, for $4.3 million.

July 19, 2016

Assisted Living Development News

Hubbell Realty to Break Ground on $12M, 60-Unit Assisted Living Community in Des Moines

by Jeff Shaw July 19, 2016

DES MOINES, Iowa — Hubbell Realty Co. will break ground July 28 on Edencrest at Beaverdale, an assisted living and memory care community in Des Moines.

July 19, 2016

Finance News Skilled Nursing

Popular Community Bank Provides $31M in Financing for Grand Healthcare System

by Jeff Shaw July 19, 2016

NEW YORK CITY — Popular Community Bank has provided term loans of $18 million and $13 million for Grand Healthcare System, a skilled nursing owner and operator in New York.

July 19, 2016

Development Memory Care News

Watercrest Plans Two Memory Care Communities in Florida

by Jeff Shaw July 19, 2016

VIERA and TAMPA, Fla. — Watercrest Senior Living Group is preparing to open its first Market Street Memory Care Residences in Viera, along the coast east of Orlando, and also announced plans for a second memory care community under the new brand in Tampa.

July 19, 2016

Finance News

Senior Housing Properties Trust Secures $620M Loan to Pay Down Credit Facility

by Jeff Shaw July 18, 2016

BOSTON — Senior Housing Properties Trust (NYSE: SNH), the fifth-largest owner of seniors housing properties in the United States, has obtained a $620 million mortgage loan for two life sciences buildings in Boston’s Seaport District.

July 18, 2016

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