News

Civitas Breaks Ground on 75-Unit Assisted Living Community Near Dallas

by Jeff Shaw April 29, 2016

SUNNYVALE, Texas — Civitas Senior Living has broken ground on Long Creek Assisted Living and Memory Care, a 75-unit community in the Dallas suburb of Sunnyvale.

April 29, 2016

News People

Mainstreet Hires Two VPs and a Director

by Jeff Shaw April 29, 2016

CARMEL, Ind. – Mainstreet, a skilled nursing developer, has added three new hires to its headquarters in the Indianapolis suburb of Carmel.

April 29, 2016

News

Formation Acquires, Rebrands Community in New Jersey

by Jeff Shaw April 29, 2016

TINTON FALLS, N.J. — Formation Development Group and an unnamed second investor has acquired Kensington Court, a seniors housing community in Tinton Falls, approximately 30 miles south of New York City. The price was not disclosed.

April 29, 2016

Development News

Allegro Senior Living Breaks Ground on $45M Luxury Community in Orlando Suburb

by Jeff Shaw April 28, 2016

CASSELBERRY, Fla. — Allegro Senior Living has broken ground on an unnamed luxury seniors housing community in the northern Orlando suburb of Casselberry. Development costs are estimated at $45 million.

April 28, 2016

CCRC Development News

Presbyterian Manors of Mid-America Completes $35M CCRC Expansion in Wichita

by Jeff Shaw April 28, 2016

WICHITA, Kan. — Presbyterian Manors of Mid-America, a nonprofit operator of 18 communities in Missouri and Kansas, has completed a $35 million expansion at Wichita Presbyterian Manor, a continuing care retirement community in Wichita.

April 28, 2016

CCRC Development News

Buckner Retirement Services to Break Ground on $29.8M Expansion, Remodel in Austin

by Jeff Shaw April 27, 2016

AUSTIN, Texas — Buckner Retirement Services is set to break ground on a $29.8 million expansion and remodel at Buckner Villas, a 25-acre continuing care retirement community in Austin.

April 27, 2016

Finance News Skilled Nursing

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

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