News

HCP CFO Timothy Schoen to Leave Company for BioMed Realty

by Jeff Shaw March 28, 2016

IRVINE, Calif. — Timothy Schoen has announced he will resign his position as chief financial officer of HCP (NYSE: HCP) to become president of BioMed Realty.

March 28, 2016

Ziegler Arranges $26.2M in Bond Financing for Christian Care Centers

by Jeff Shaw March 28, 2016

MESQUITE, Texas — Ziegler, a specialty investment bank, has arrange $26.2 million in bond financing for Christian Care Centers Inc. (CCC), a nonprofit owner/operator based in the Dallas suburb of Mesquite.

March 28, 2016

Development News People

Baptist Retirement Community to Expand CCRC in Texas for $22M

by Jeff Shaw March 28, 2016

SAN ANGELO, Texas — Baptist Retirement Community, a continuing care retirement community in San Angelo, has named Tanya Solsbery as the director of The Crest, which is part of the community’s $22 million expansion.

March 28, 2016

Assisted Living News

Enlivant Buys Two-Property Portfolio in Georgia for $10M

by Jeff Shaw March 25, 2016

ROME and CEDARTOWN, Ga. — Enlivant has purchased two assisted living and memory care communities, both located in rural Georgia, from affiliates of Winthrop Senior Living for $10 million.

March 25, 2016

Development News

NHI Provides $14M Construction Loan for Community in South Carolina

by Jeff Shaw March 25, 2016

CHARLESTON, S.C. — National Health Investors Inc. (NYSE: NHI) has provided a $14 million mezzanine loan to Senior Living Communities LLC for the development of Wellmore of Daniel Island, a 186-unit assisted living, memory care and skilled nursing community.

March 25, 2016

CCRC News

Woodland Pond Operator Takes Over Ownership of CCRC in New York

by Jeff Shaw March 25, 2016

NEW PALTZ, N.Y. — Following approval from the New York State Department of Health, Woodland Pond at New Paltz, a continuing care retirement community in New Paltz approximately midway between New York City and Albany, will now be self-sponsored.

March 25, 2016

Development News Skilled Nursing

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

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