News

InterFace Seniors Housing West Conference to be Held March 3

by Jeff Shaw February 2, 2016

Seniors Housing Business and France Media’s InterFace Conference Group will hold the second annual InterFace Seniors Housing West conference March 3 at the Omni Los Angeles.

February 2, 2016

Welltower Adds Industry Veteran Kenneth Bacon to Board of Directors

by Jeff Shaw February 2, 2016

TOLEDO, Ohio — Welltower Inc. (NYSE:HCN), the largest healthcare REIT in the U.S. based on market cap, has appointed longtime financial real estate financing veteran Kenneth Bacon to its Board of Directors.

February 2, 2016

News

CBRE Arranges $28M for Acquisition of Assisted Living Community in Pennsylvania

by Jeff Shaw February 2, 2016

NEWTON, Pa. — A joint venture between Care Investment Trust and affiliates of Heritage Senior Living have acquired The Birches at Newtown, a 120-bed assisted living and memory care community in Philadelphia suburb of Newton. CBRE arranged acquisition financing of $28 million for the transaction.

February 2, 2016

Development Memory Care News

Wohlsen, Artis Complete Construction of 65-Unit Memory Care Community in New Jersey

by Jeff Shaw February 2, 2016

EVERSHAM, N.J. — Wohlsen Construction Company, a Pennsylvania-based contractor, and Artis Senior Living, a Virginia-based developer, have completed construction of Artis Senior Living of Eversham.

February 2, 2016

News Skilled Nursing

CareTrust REIT Buys Nine Skilled Nursing Facilities in Iowa for $32.7M

by Jeff Shaw February 2, 2016

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ:CTRE) has acquired a portfolio of nine skilled nursing facilities in Iowa for $32.7 million.

February 2, 2016

Development Finance News

KeyBank Provides $28.6M in Financing for Redevelopment of Affordable Community in New York

by Jeff Shaw February 2, 2016

GOUVERNEUR, N.Y. — KeyBank has provided $28.6 million in financing for Cambray Court Apartments, an affordable seniors housing redevelopment in Gouverneur, in far northern New York near the Canadian border.

February 2, 2016

Finance News Skilled Nursing

Care Capital Properties Refinances $600M in Debt

by Jeff Shaw February 1, 2016

CHICAGO — Care Capital Properties Inc. (NYSE:CCP), the Chicago-based skilled nursing REIT that spun off of Ventas last year, has refinanced or swapped a total of $600 million of debt.

February 1, 2016

Development Finance News

WNC Closes $114.7M Institutional LIHTC Fund Covering 24 Properties in 11 States

by Jeff Shaw February 1, 2016

IRVINE, Calif. — WNC, an Irvine-based investor specializing in low-income housing tax credits (LIHTC) including seniors housing, has closed WNC Institutional Tax Credit Fund 41 L.P., a $114.7 million institutional LIHTC fund.

February 1, 2016

News People

Sagora Hires New Executive Directors for Three Texas Communities

by Jeff Shaw February 1, 2016

SAN ANTONIO, BURLESON and FT. WORTH, Texas — Sagora Senior Living has hired three new executive directors for its seniors housing communities in San Antonio, Burleson and Fort Worth.

February 1, 2016

Memory Care News

Harbert, JEA Acquire Six-Property Memory Care Portfolio

by Jeff Shaw February 1, 2016

DALLAS — A joint venture between Harbert Seniors Housing Fund I LP and JEA Senior Living has purchased a six-asset memory care portfolio across five states for an undisclosed price.

February 1, 2016

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