News

Mainstreet Buys Plot in Phoenix Medical Park for $1.7M to Develop Assisted Living Community

by Jeff Shaw March 7, 2016

PHOENIX — Mainstreet, a seniors housing developer based in Indiana, has purchased 3.65 acres in Algodon Medical Office Park in West Phoenix for $1.7 million. The company is building a 94-bed rehabilitation and assisted living facility at the location.

March 7, 2016

Memory Care News Operations

Dominion Unveils New Memory Care Program

by Jeff Shaw March 7, 2016

KNOXVILLE, Tenn. — Dominion Senior Living, a faith-based operator based in Knoxville, has unveiled Tapestry by Dominion Senior Living, the company’s new memory care program.

March 7, 2016

Finance News Skilled Nursing

Capital Funding Group Arranges $14.9M in Loans for Skilled Nursing Facility Near Philadelphia

by Jeff Shaw March 7, 2016

HATBORO, Pa. — Capital Funding Group (CFG), a Baltimore-based lender, has arranged a $13.4 million bridge-to-HUD loan and a $1.5 million working capital loan for Luther Woods Nursing and Rehabilitation Center, a 140-bed skilled nursing facility in the Philadelphia suburb of Hatboro.

March 7, 2016

Finance News

Cain Brothers Arranges $40M in Bond Financing for Good Samaritan Society

by Jeff Shaw March 4, 2016

SIOUX FALLS, S.D. — Cain Brothers has arranged $40 million in taxable bank direct-purchase bonds for The Evangelical Lutheran Good Samaritan Society, a nonprofit operator of seniors housing based in Sioux Falls.

March 4, 2016

Assisted Living News

SLIB Arranges $20.2M Sale of Two Assisted Living Communities in Georgia

by Jeff Shaw March 4, 2016

VALDOSTA and NASHVILLE, Ga. — Senior Living Investment Brokerage has arranged the sale of two assisted living communities in Georgia to Omega Healthcare Investors (NYSE: OHI) for $20.2 million.

March 4, 2016

Assisted Living News

Senior Capital Advisors Brokers $15.5M Sale of Assisted Living Community in Georgia

by Jeff Shaw March 4, 2016

EATONTON, Ga. — Senior Capital Advisors has arranged the sale of Harbor at Harmony Crossing, a 60-unit assisted living and memory care community in Eatonton, about 75 miles southeast of Atlanta.

March 4, 2016

News Skilled Nursing

Blueprint Arranges Lease of 147-Bed Skilled Nursing Facility Near St. Louis

by Jeff Shaw March 4, 2016

DES PERES, Mo. — Blueprint Healthcare Real Estate Advisors has arranged a lease for The Quarters of Des Peres, a 147-bed skilled nursing facility in the St. Louis suburb of Des Peres.

March 4, 2016

News People

Holiday Retirement Promotes Four to Executive Positions

by Jeff Shaw March 4, 2016

LAKE OSWEGO, Ore. — Holiday Retirement, the largest owner and operator of independent living properties in the United States, has promoted four of its employees to new executive roles at the company’s Lake Oswego headquarters.

March 4, 2016

Company News News

Virginia Baptist Homes Changes Name to LifeSpire of Virginia

by Jeff Shaw March 4, 2016

RICHMOND, Va. — Virginia Baptist Homes, an operator of four continuing care retirement communities in Virginia, has changed its name to LifeSpire of Virginia.

March 4, 2016

News

Blueprint Arranges $39M Sale of 198-Unit Community in California for Redevelopment

by Jeff Shaw March 2, 2016

ROSEVILLE, Calif. — DiNapoli Capital Partners, a California-based investment firm, has purchased The Terraces of Roseville, a 198-unit independent living, assisted living and memory care community in the Sacramento suburb of Roseville, for $39 million.

March 2, 2016

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