By Haisten Willis ATLANTA — Seniors housing can be a uniquely challenging segment when it comes to development. Unlike traditional multifamily housing it is very involved from an operations standpoint and can be a tougher segment to enter. These and other challenges were discussed by a panel as part of the InterFace Seniors Housing Southeast conference at the Westin Buckhead hotel in Atlanta. The hour-long panel was titled “The Outlook for Seniors Housing Development: What’s Being Built, Where, and are Supply and Demand in Balance?”
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BRENTWOOD, Tenn. — The Brookdale Senior Living Inc. (NYSE: BKD) Board of Directors has appointed Daniel Decker as director and the non-executive chairman of the board, effective Oct. 1. Decker will fill the vacancy resulting from the recent passing of Granger Cobb.
CLEARFIELD, Utah — RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group LLC, has closed an $11.1M Fannie Mae loan for MBK Senior Living to refinance Chancellor Gardens of Clearfield, an assisted living and memory care community in Clearfield about 25 miles north of Salt Lake City.
GRAND JUNCTION, Colo. — Welbrook Senior Living and Embree Healthcare Group have started construction of a new transitional rehabilitation facility in Grand Junction, and have secured final financing for the project from CNL Healthcare Properties, a real estate investment trust (REIT) based in Orlando, Fla.