News

Love Funding Arranges $19.7M Construction Loan for Veterans Community in Florida

by Jeff Shaw November 11, 2015

JACKSONVILLE, Fla. — Love Funding has arranged a $19.7 million HUD loan for the construction and permanent financing of Anthem Lakes, a seniors housing community in Jacksonville.

November 11, 2015

Lee & Associates Brokers $10.7M Sale of Office Site for Conversion to Seniors Housing

by Jeff Shaw November 11, 2015

CARPINTERIA, Calif. — Lee & Associates has arranged the sale of a 51,585-square-foot office building in the coastal Southern California town of Carpinteria for $10.7 million.

November 11, 2015

CCRC Development News

SQLC Breaks Ground on $72M Expansion to The Buckingham CCRC in Houston

by Jeff Shaw November 10, 2015

HOUSTON — Developer and operator Senior Quality Lifestyles Corp. (SQLC) has broken ground an a 183-unit, $72 million expansion to The Buckingham, a nonprofit continuing care retirement community in Houston.

November 10, 2015

News Skilled Nursing

SLIB Arranges $3.5M Sale of Skilled Nursing Facility in Tulsa

by Jeff Shaw November 10, 2015

TULSA, Okla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Companions Specialized Care, a skilled nursing facility in Tulsa, for $3.5 million.

November 10, 2015

Development Finance News

SunTrust Arranges $138M Credit Facility for Expansion, Renovations at MorseLife Community

by Jeff Shaw November 9, 2015

WEST PALM BEACH, Fla. — SunTrust Banks Inc. has arranged a $138 million tax-exempt senior secured credit facility for MorseLife Health System.

November 9, 2015

Assisted Living News

Summit Healthcare REIT Acquires Four Assisted Living Communities in Wisconsin for $18.4M

by Jeff Shaw November 9, 2015

GREEN BAY and APPLETON, Wisc. — Summit Healthcare REIT Inc. has acquired four assisted living and memory care communities in Green Bay and Appleton for $18.4 million.

November 9, 2015

Finance News

Pillar Arranges $11.9M HUD Refinancing for Community in Miami

by Jeff Shaw November 9, 2015

MIAMI — Pillar has arranged an $11.9 million loan to refinance the Residential Plaza at Blue Lagoon, a 14-story, 350-unit seniors housing facility in Miami.

November 9, 2015

News People

WNC Appoints Howard Heitner to Advisory Board

by Jeff Shaw November 9, 2015

IRVINE, Calif. —WNC, an investor focused on affordable real estate including seniors housing, has named 35-year industry veteran Howard Heitner to its advisory board.

November 9, 2015

Company News News

Mainstreet Acquires 10-Community Portfolio in Chicago, Controlling Interest in Canadian Investment Company

by Jeff Shaw November 9, 2015

CARMEL, Ind. — Seniors housing developer Mainstreet has acquired a portfolio of 10 skilled nursing communities in the Chicago area, as well as controlling interest in publicly traded Canadian real estate company Kingsway Arms Retirement Services (KWA).

November 9, 2015

Development Finance News

CBRE Arranges $40.1M Construction Financing for Community in Oregon

by Jeff Shaw November 6, 2015

EUGENE, Ore. — CBRE National Senior Housing has arranged construction financing for the construction of The Springs at Greer Gardens, a 216-unit independent living, assisted living and memory care community in Eugene.

November 6, 2015

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