News

KABR Group, Pinnacle Cos. Open 55+ Community in New Jersey

by Jeff Shaw April 8, 2016

WEST CALDWELL, N.J. —The KABR Group and The Pinnacle Cos. have completed The Preserve, a 30-unit 55+ apartment community in the New York City suburb of West Caldwell.

April 8, 2016

SLIB Arranges $5M Sale of Skilled Nursing Facility in Texas

by Jeff Shaw April 8, 2016

CRANE, Texas — Senior Living Investment Brokerage has arranged the sale of Crane Nursing & Rehabilitation, a skilled nursing facility in rural West Texas, for $5 million.

April 8, 2016

Development Finance News

Cain Brothers Arranges $51.8M in Bond Financing to Reposition CCRC in Kansas City

by Jeff Shaw April 7, 2016

KANSAS CITY, Mo. — Cain Brothers has arranged $51.8 million in bond financing for Kingswood Senior Living Community, a continuing care retirement community in Kansas City.

April 7, 2016

News Skilled Nursing

NHI Buys 12 Skilled Nursing Facilities in Texas for $174.5M

by Jeff Shaw April 7, 2016

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a publicly traded seniors housing and healthcare REIT based in Murfreesboro, has purchased 12 skilled nursing facilities in Texas from operator Legend Healthcare for a total of $174.5 million.

April 7, 2016

Company News News

Mainstreet Completes Acquisition of Kingsway Arms

by Jeff Shaw April 7, 2016

CARMEL, Ind. — Mainstreet, a skilled nursing developer based in Indiana, has completed its acquisition of Canadian real estate company Kingsway Arms Retirement Residences and renamed the company Mainstreet Health Investments.

April 7, 2016

Assisted Living Development News

Frampton Construction Breaks Ground on 100-Unit Assisted Living Community in South Carolina

by Jeff Shaw April 7, 2016

SUMMERVILLE, S.C. — Frampton Construction Co., a regional construction firm, has broken ground on The Blake at Carnes Crossroads, a 100-unit assisted living and memory care community in the Charleston suburb of Summerville.

April 7, 2016

News People

Blueprint Hires Adam Sherman as Managing Director in D.C. Office

by Jeff Shaw April 7, 2016

WASHINGTON, D.C. — Blueprint Healthcare Real Estate Advisors, a brokerage firm based in Chicago, has hired Adam Sherman as a managing director in the company’s Washington, D.C. office.

April 7, 2016

Finance News

NorthPoint Arranges $7M Refinancing for 134-Unit Community in Michigan

by Jeff Shaw April 7, 2016

ST. JOSEPH, Mich. —NorthPoint Capital Funding has arranged the $7 million refinancing of The Whitcomb Senior Living Community, a 134-unit community in St. Joseph, located in the southwest corner of the state along the banks of Lake Michigan.

April 7, 2016

CCRC Development News

Brookdale Completes $11M Expansion of CCRC in Indianapolis

by Jeff Shaw April 6, 2016

INDIANAPOLIS — Brookdale Senior Living, the largest owner/operator of seniors housing in the United States, has completed a new, three-story building on the campus of Robin Run Village, a continuing care retirement community in Indianapolis.

April 6, 2016

News Skilled Nursing

Capital Senior Ventures Buys 33-Property Skilled Nursing Portfolio in Texas

by Jeff Shaw April 6, 2016

DALLAS — Capital Senior Ventures, a subsidiary of Baltimore-based Capital Funding Group, has acquired 33 skilled nursing facilities totaling 4,200 beds in south-central Texas, plus some shovel-ready development sites, for an undisclosed sum.

April 6, 2016

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