News

JV Buys Monarch Homes Memory Care Portfolio Near Boston

by Jeff Shaw March 15, 2016

WOBURN and WEYMOUTH, Mass. — A joint venture between Garrison Investment Group, Grand Park Capital Management and Focus Healthcare Partners LLC has purchased Monarch Homes, a portfolio of two memory care communities in the Boston suburbs of Woburn and Weymouth.

March 15, 2016

Capitol Seniors Housing, Arbor Co. Building 82-Unit Community in New Jersey

by Jeff Shaw March 14, 2016

MORRIS PLAINS, N.J. — Capitol Seniors Housing and The Arbor Company have started construction on Arbor Terrace of Morris Plains. The 82-unit seniors housing community will be located in Morris Plains, approximately 30 miles west of New York City.

March 14, 2016

News Operations

Push for $15 Minimum Wage is Economic ‘Suppressant,’ Says NIC Keynote Speaker

by Jeff Shaw March 11, 2016

By Matt Valley DALLAS — The theory behind the big push by many local and state governments for a $15 hourly minimum wage is that a sizable pay hike for low-wage workers will boost consumption and reduce employee turnover.

March 11, 2016

Finance Investment News

CNL Launches Public Offering for $2B Non-Traded REIT

by Jeff Shaw March 11, 2016

ORLANDO, Fla. — The U.S. Securities and Exchange Commission (SEC) has approved the public offering of up to $2 billion for CNL Healthcare Properties II Inc.

March 11, 2016

Development News

Columbia Pacific Advisors, The Archdiocese of Seattle to Build 24-Story Community in Seattle

by Jeff Shaw March 11, 2016

SEATTLE — Columbia Pacific Advisors is entering into a long-term ground lease with the Archdiocese of Seattle and St. James Cathedral to build a 237-unit, 24-story senior housing community in Seattle’s First Hill neighborhood.

March 11, 2016

News Skilled Nursing

Blueprint Brokers Sale of 177-Bed Skilled Nursing Facility in California for $14.1M

by Jeff Shaw March 11, 2016

RIALTO, Calif. — Blueprint Healthcare Real Estate Advisors has arranged the $14.1 million sale of Vista Cove Care Center, a 177-bed skilled nursing facility in Rialto, about 55 miles east of Los Angeles.

March 11, 2016

News Operations

Coastal Ridge to Manage 120-Unit Luxury Community in Houston

by Jeff Shaw March 11, 2016

HOUSTON — Coastal Ridge Real Estate Partners has been selected as the new manager of The Laurel at Vintage Park, a 120-unit luxury 55+ community in Houston.

March 11, 2016

News Skilled Nursing

JCH Arranges $10.9M Sale of Three-Property Skilled Nursing Portfolio in California

by Jeff Shaw March 11, 2016

PASADENA, Calif. — JCH Senior Housing Group, a brokerage based in California, has arranged the sale of three skilled nursing facilities in Pasadena for $10.9 million.

March 11, 2016

News

InterFace Panelists: Industry Faces Stiff Competition from Each Other, Multifamily Developers

by Jeff Shaw March 10, 2016

LOS ANGELES — Investors of all types are clamoring to cash in on the Baby Boom generation, as this aging population readies to kick off a 20-year need for care and seniors services. That’s according to panelists at InterFace Conference Group’s Seniors Housing West conference, held March 3 at the Omni Los Angeles Hotel.

March 10, 2016

News Skilled Nursing

New NIC Report Shows Managed Medicare Rates Decrease, but Patients Increase

by Jeff Shaw March 10, 2016

ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC) has released the first edition of a new report, which tracks the impact of Medicare Advantage plans on the skilled nursing sector.

March 10, 2016

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