News

Mainstreet Unveils Plans to Build, Operate $21.9M Skilled Nursing Facility in Phoenix

by Jeff Shaw March 24, 2016

PHOENIX — Mainstreet, a skilled nursing developer based in Indiana, has announced its plans for a skilled nursing facility in Phoenix.

March 24, 2016

CCRC Development News

Benchmark Set to Open CCRC Expansion in Massachusetts

by Jeff Shaw March 24, 2016

LINCOLN, Mass. — Benchmark Senior Living is set to start accepting new residents at Benchmark Senior Living at The Commons, a CCRC in the Boston suburb of Lincoln.

March 24, 2016

Finance News

Capital Funding Provides Two Bridge-to-HUD Acquisition Loans Totaling $10.4M

by Jeff Shaw March 24, 2016

CATSKILL, N.Y., and MORGAN CITY, La. — Capital Funding Group (CFG), a lender based in Baltimore, has closed bridge-to-HUD loans for seniors housing community acquisitions in rural New York and Louisiana.

March 24, 2016

Development News

Greenbrier Breaks Ground on $30M Assisted Living, Memory Care Community in Illinois

by Jeff Shaw March 23, 2016

PROSPECT HEIGHTS, Ill. — Greenbrier Senior Living has broken ground on Greenbrier of Prospect Heights, a 101-unit assisted living and memory care community in the Chicago suburb of Prospect Heights.

March 23, 2016

Development News

Talmadge Gateway Buys Retail Center in San Diego for Conversion to Seniors Housing

by Jeff Shaw March 23, 2016

SAN DIEGO — Talmadge Gateway LP has acquired a 35,183-square-foot retail center in the San Diego submarket of Talmadge for $2.5 million. Wakeland Housing and Development Corp. will redevelop the site to incorporate a mix of retail and affordable residential units for disabled seniors.

March 23, 2016

Company News News People

Goodman Group Chairman John Goodman Passes Away at 66

by Jeff Shaw March 22, 2016

CHASKA, Minn. — John Goodman, an author, speaker and chairman of The Goodman Group, passed away Sunday from complications following a heart attack. He was 66.

March 22, 2016

News

Capital Senior Living Buys Two Communities in Pensacola, Fla., for $48M

by Jeff Shaw March 22, 2016

PENSACOLA, Fla. — Capital Senior Living Corp. has acquired two seniors housing communities totaling 179 units in the Florida panhandle town of Pensacola for $48 million.

March 22, 2016

Company News News

Capital Senior Living Agrees to Install New Board Member for Activist Shareholder Lucus Advisors

by Jeff Shaw March 22, 2016

DALLAS — Capital Senior Living Corp. (NYSE: CSU) has agreed to appoint a new, independent board member under the guidance of Lucus Advisors, an activist shareholder that has been publicly calling for a sale or other major changes to the company.

March 22, 2016

News

SLIB Brokers $5.2M Sale of 51-Unit Community Near Tampa

by Jeff Shaw March 22, 2016

THONOTOSASSA, Fla. — Senior Living Investment Brokerage Inc. has arranged the sale of Stone Ledge Manor, a 51-unit assisted living and memory care community in the Tampa suburb of Thonotosassa, for $5.2 million.

March 22, 2016

Development News

AFL-CIO HIT Invests $14.8M in Seniors Housing Expansion in Minnesota

by Jeff Shaw March 21, 2016

MINNETONKA, Minn. — The AFL-CIO Housing Investment Trust (HIT) will invest $14.8 million into the Zvago Cooperative project, a 54-unit, four-story cooperative for seniors along the banks of Glen Lake in the Minneapolis suburb of Minnetonka.

March 21, 2016

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