FORT WORTH, Texas — Caddis, a Dallas-based developer, has opened Heartis Eagle Mountain, an 89-unit assisted living and memory care community on the north side of Fort Worth.
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BEAUMONT, Texas — Buckner Retirement Services, a nonprofit owner-operator based in Dallas, has broken ground on an 80,000-square-foot expansion and 51,000-square-foot remodel at Calder Woods, a continuing care retirement community in Beaumont, located east of Houston near the Louisiana border.
ATLANTA — Skyline Healthcare LLC will execute a purchase option on the master lease for the nine Arkansas skilled nursing facilities it currently operates for AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA). Skyline will purchase the properties for $55 million.
Community Development, YES Housing Form $4.5M JV to Acquire, Recapitalize Three Affordable Communities in New Mexico
by Jeff Shaw
ALBUQUERQUE, LAS CRUCES and ROSWELL, N.M. — The Community Development Trust (CDT), an affordable housing REIT, and YES Housing Inc., an affordable housing operator, have formed a joint venture to recapitalize three YES-operated properties in New Mexico.