News

Capital One Provides $23.4M HUD Refinancing for Two Communities in Illinois

by Jeff Shaw July 13, 2016

NORTH AURORA, Ill. — Capital One has provided a $23.4 million HUD refinancing for a supportive living community and a skilled nursing facility, both located in North Aurora, approximately 40 miles west of Chicago.

July 13, 2016

Rocky Mountain Senior Housing Taps OZ Architecture to Design 111-Unit Assisted Living Community in Colorado

by Jeff Shaw July 13, 2016

GOLDEN, Colo. — Rocky Mountain Senior Living has hired OZ Architecture to design Golden Lodge Assisted Living, a 111-unit assisted living and memory care community in the Denver suburb of Golden.

July 13, 2016

News People

CBRE Promotes Aron Will to Vice Chairman

by Jeff Shaw July 13, 2016

LOS ANGELES — CBRE Group, a Los Angeles-based real estate services firm, has promoted Aron Will, co-leader of CBRE Capital Markets’ National Senior Housing team, to vice chairman.

July 13, 2016

News

Formation-Shelbourne Sells Two Solana Communities in the Northeast for $98.3M

by Jeff Shaw July 12, 2016

WILLISTOWN, Pa., and ROSELAND, N.J. — Formation-Shelbourne Senior Living Services has sold two Solana-branded, Class A seniors housing communities for $98.3 million. The buyer was not disclosed.

July 12, 2016

CCRC Development News

Presbyterian Communities Nears Completion of $93M CCRC Expansion in Dallas

by Jeff Shaw July 12, 2016

DALLAS — Nonprofit operator Presbyterian Communities and Services is nearing completion of the $93 million expansion of Presbyterian Village North, a continuing care retirement community in Dallas.

July 12, 2016

Company News News People

Lauralee Martin Departs HCP, Michael McKee to Serve as Interim CEO

by Jeff Shaw July 11, 2016

IRVINE, Calif. — Lauralee Martin has left her position as president and chief executive officer at seniors housing investor HCP (NYSE: HCP). Michael McKee, the company’s executive chairman, will take over the position until a permanent replacement can be found.

July 11, 2016

Assisted Living News

LTC Purchases 70-Unit Assisted Living Community in Georgia for $14.3M

by Jeff Shaw July 11, 2016

ATHENS, Ga. — LTC Properties Inc. (NYSE:LTC), a seniors housing and healthcare REIT, has acquired Village at Athens, a 70-unit assisted living and memory care community in Athens, for $14.3 million.

July 11, 2016

News People

Senior Lifestyle Corp. Promotes Justin Robins to Chief Administrative Officer

by Jeff Shaw July 11, 2016

CHICAGO — Senior Lifestyle Corp. has promoted Justin Robins to executive vice president and chief administrative officer.

July 11, 2016

Assisted Living Development Finance News

Love Funding Secures $6.6M Bridge Loan for Construction of Assisted Living Community in Utah

by Jeff Shaw July 11, 2016

ODGEN, Utah — Love Funding, a lender based in Washington, D.C., has arranged a $6.6 million bridge loan for the construction of Shadow Valley Assisted Living and Memory Care, a 62-bed community in Ogden, approximately 35 miles north of Salt Lake City.

July 11, 2016

News People

Erickson Living Hires Sean Sands as Executive Vice President

by Jeff Shaw July 11, 2016

BALTIMORE — Erickson Living, a Baltimore-based developer and operator of continuing care retirement communities, has hired Sean Sands as the company’s new vice president of business strategy and development.

July 11, 2016

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