News

Capital Funding Group Provides Loans Totaling $26.6M for Two Communities in California, Illinois

by Jeff Shaw April 27, 2016

SAN MARCOS, Calif., and ARLINGTON HEIGHTS, Ill. — Capital Funding Group, a lender based in Baltimore, has provided a $6.8 million bridge-to-HUD loan for Village Square Skilled Nursing Facility and a $19.8 million HUD construction loan for Transitional Care of Arlington Heights.

April 27, 2016

Development News Skilled Nursing

Atrium Opens 124-Bed Skilled Nursing Facility in New Jersey

by Jeff Shaw April 27, 2016

WOODBURY, N.J. — Atrium Health & Senior Living has opened the doors on Atrium Post Acute Care of Woodbury, a 124-bed skilled nursing facility in Woodbury, located across the Delaware River from Philadelphia.

April 27, 2016

Development News

Wendover Housing Partners Opens 80-Unit Affordable Community in Tampa

by Jeff Shaw April 27, 2016

TAMPA, Fla. — Wendover Housing Partners, a Florida-based development, investment and management company, has opened Haley Park Apartments, an 80-unit affordable seniors housing community in Tampa.

April 27, 2016

Development News

CBRE Arranges $21.9M Construction Loan for 84-Unit Community in California

by Jeff Shaw April 26, 2016

GOLETA, Calif. — CBRE Capital Markets’ Debt & Structured Finance Team has arranged a $21.9 million FHA loan for the construction of Mariposa at Ellwood Shores, an 84-unit assisted living and memory care community in Goleta, located on the coast approximately 100 miles west of Los Angeles.

April 26, 2016

Development Finance News

SunTrust Provides $39M Loan for Community Expansion in Orlando

by Jeff Shaw April 26, 2016

ORLANDO — SunTrust Bank has provided a $39 million loan to Orlando Senior Health Network, which the owner-operator will use to expand Orlando Lutheran Towers in Orlando.

April 26, 2016

Assisted Living Development News

Northstar Commercial Partners Breaks Ground on 74-Unit Community in Denver

by Jeff Shaw April 26, 2016

DENVER — Northstar Commercial Partners, a Denver-based developer, has broken ground on a 74-unit assisted living and memory care community in Denver.

April 26, 2016

Development News

Lifespace Communities Completes Dining Expansion at Harbour’s Edge Near Miami

by Jeff Shaw April 26, 2016

DELRAY BEACH, Fla. — Lifespace Communities has completed the expansion of the dining facilities at Harbour’s Edge, a seniors housing community in Delray Beach, approximately 50 miles north of Miami.

April 26, 2016

Company News News People

Former COO of Mia Senior Living Solutions Launches New Operator, Consulting Firm

by Jeff Shaw April 26, 2016

MIAMI BEACH, Fla. — Pilar Carvajal, who most recently served as the chief operating officer of Mia Senior Living Solutions, has launched Innovation Senior Management, a seniors housing operator and consulting firm based in Miami Beach.

April 26, 2016

News People

The Goodman Group Promotes Shane Goodman, Matthew Kern to New Executive Positions

by Jeff Shaw April 26, 2016

CHASKA, Minn. — The Goodman Group has promoted Matthew Kern to national director of operations of the senior living and health care division of Goodman Group. The company also promoted Shane Goodman to chief investment officer and president of JBG Design & Development.

April 26, 2016

Development News

CR Properties, Cardinal Ventures Break Ground on 213-Unit Community in Louisiana

by Jeff Shaw April 25, 2016

BATON ROUGE, La. — A joint venture between CR Properties and Cardinal Ventures has broken ground on The Blake at The Grove, a 213-unit independent living, assisted living and memory care community in Louisiana’s state capital.

April 25, 2016

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