News

Memory Care News People

Memory Care of New Braunfels Names Executive Director

by Jeff Shaw November 20, 2015

NEW BRAUNFELS, Texas — Memory Care of New Braunfels has selected Vivian Edwards as the community’s executive director. She will help open the new 64-bed memory care community early next year and oversee all aspects of its daily operation.

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November 20, 2015

Assisted Living News

Summit Healthcare REIT Acquires Assisted Living Community in New Hampshire for $8.5M

by Jeff Shaw November 20, 2015

LITTLETON, N.H. — Summit Healthcare REIT Inc. has acquired Riverglen House of Littleton, a 50-unit assisted living facility in Littleton near the White Mountains of New Hampshire, for $8.5 million in a sale-leaseback transaction.

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November 20, 2015

Development News

Cushman & Wakefield Arranges $53.4M Construction Financing for Two LCB Communities

by Jeff Shaw November 19, 2015

SWAMPSCOTT and MELROSE, Mass. — Cushman & Wakefield Senior Housing Capital Markets has arranged $53.4 million in financing and joint venture equity for the construction of two LCB Senior Living LLC developments in Massachusetts.

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November 19, 2015

News Skilled Nursing

Carter Validus Mission Critical REIT II Acquires Skilled Nursing Facility in Nebraska for $13M

by Jeff Shaw November 19, 2015

OMAHA, Neb. — Carter Validus Mission Critical REIT II Inc. has acquired Old Mill Rehabilitation, a 44-unit skilled nursing facility in Omaha, for $13 million.

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November 19, 2015

Development News

Picone Construction Renovating Community in Western New York

by Jeff Shaw November 19, 2015

WILLIAMSVILLE, N.Y. — Picone Construction is renovating The Amberleigh, a seniors housing community located at 2330 Maple Road in Williamsville, a Buffalo suburb.

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November 19, 2015

Assisted Living News Operations

Mia Senior Living Solutions Takes Over Operations of Tampa Housing Authority Assisted Living Facility

by Jeff Shaw November 19, 2015

TAMPA, Fla. — Mia Senior Living Solutions was selected to take over management of Palm Terrace Assisted Living Facility, a 79-bed assisted living community in Tampa.

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November 19, 2015

Finance News Skilled Nursing

Cain Brothers Arranges $9.1M Loan for Skilled Nursing Facility in the Bronx

by Jeff Shaw November 19, 2015

NEW YORK CITY — Cain Brothers, acting as investment banking advisor, has arranged a $9.1 million loan for St. Patrick’s Home for the Aged and Infirm, a 264-bed skilled nursing facility in the Bronx.

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November 19, 2015

IPA Arranges Sale of 234-Unit CCRC in Missouri for $17M

by Jeff Shaw November 18, 2015

ST. CHARLES, Mo. — Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving real estate investors, has arranged the sale of Carrington Place of St. Charles, a 234-unit, 294-bed continuing care retirement community in St. Charles, a northwestern suburb of St. Louis.

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November 18, 2015

CCRC Development News

Lifespace to Break Ground on $9M Expansion to CCRC in Iowa

by Jeff Shaw November 18, 2015

URBANDALE, Iowa — Lifespace Communities Inc. will break ground Friday on a $9 million redevelopment project for Deerfield Retirement Community, a CCRC in the Des Moines suburb of Urbandale.

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November 18, 2015

Argentum Names Welltower CEO Thomas DeRosa to Board of Directors

by Jeff Shaw November 16, 2015

ALEXANDRIA, Va. — Argentum, a seniors housing advocacy organization formerly known as ALFA, has named Thomas DeRosa to its Board of Directors.

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November 16, 2015

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