News

Watercrest Opens 89-Unit Assisted Living, Memory Care Community in Florida

by Jeff Shaw May 12, 2016

SEBASTIAN, Fla. — Watercrest Senior Living, a developer based in Florida, has opened the doors on Pelican Landing, an assisted living and memory care community in the Atlantic-coast town or Sebastian.

May 12, 2016

News People

Kisco Names Executive Director for Upcoming Community in Raleigh

by Jeff Shaw May 12, 2016

RALEIGH, N.C. — Kisco Senior Living has named Tom Ford the executive director of The Cardinal, an upcoming seniors housing community in Raleigh.

May 12, 2016

Finance News

Harborview Closes $73M in Financing for Skilled Nursing Operator CommuniCare

by Jeff Shaw May 12, 2016

BLUE ASH, Ohio — Harborview Capital Partners has brokered $73 million in loans for CommuniCare, a healthcare owner-operator based in the Cincinnati suburb of Blue Ash, to purchase a skilled nursing portfolio. Capital One provided the financing.

May 12, 2016

Assisted Living News

CBRE Arranges $38.9M Bridge Loan for Acquisition of Two Arbor Communities Near Atlanta

by Jeff Shaw May 10, 2016

SUWANEE and DACULA, Ga. — CBRE National Senior Housing has arranged $38.9 million in financing for the purchase of Arbor Terrace of Johns Creek in Suwanee and Arbor Terrace at Hamilton Mill in Dacula.

May 10, 2016

Development Independent Living News

La Posada, three Plan 268-Unit, $100M Luxury Community in Arizona

by Jeff Shaw May 10, 2016

ORO VALLEY, Ariz. — Nonprofit owner/operator La Posada and architecture firm three: living architecture have unveiled plans for Nakoma Sky, a 268-unit independent living, assisted living and memory care community in Oro Valley, just north of Tucson.

May 10, 2016

Development News

NorthMarq Arranges Construction Financing for Suburban Atlanta Community

by Jeff Shaw May 10, 2016

MARIETTA, Ga. — NorthMarq Capital has arranged a credit enhancement and joint venture sponsor to finance the construction of The Arbor Terrace at Burnt Hickory, a 92-unit community in the Atlanta suburb of Marietta.

May 10, 2016

Assisted Living News Skilled Nursing

HCP to Spin Off HCR ManorCare Portfolio Into Separate REIT

by Jeff Shaw May 9, 2016

IRVINE, CALIF. — HCP (NYSE: HCP), one of the largest healthcare real estate investment trusts in the United States, will spin off its HCR ManorCare portfolio of skilled nursing and assisted living assets into an independent, publicly traded REIT. The company’s board of directors approved the plan today.

May 9, 2016

Memory Care News

Anthem Acquires Two Memory Care Communities in Kansas

by Jeff Shaw May 6, 2016

WICHITA and OVERLAND PARK, Kan. — Anthem Memory Care has acquired Morningside Place in Overland Park and Chisholm Place in Wichita, both 66-bed memory care communities, for an undisclosed price.

May 6, 2016

Finance News Skilled Nursing

Capital One Arranges $110.5M Loan for Acquisition of Spectrum Professional Services

by Jeff Shaw May 6, 2016

BALTIMORE — Capital One Healthcare was administrative agent and lead bookrunner for a $110.5 million senior secured credit facility to support the acquisition of Spectrum Professional Services.

May 6, 2016

Development Independent Living News

Civitas, Summerlin, Consolidated Construction to Build 126-Unit Independent Living Community Near Houston

by Jeff Shaw May 6, 2016

CYPRESS, Texas — Civitas Senior Living, Summerlin Asset Management and Consolidated Construction Co. have announced plans for Park Creek Independent Living, a 126-unit independent living community in the Houston suburb of Cypress.

May 6, 2016

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