DALLAS — Developer and operator Senior Quality Lifestyles Corp. (SQLC) has broken ground on a previously announced $36 million expansion and renovation of Edgemere, a continuing care retirement community (CCRC) in Dallas.
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TOLEDO, Ohio, and TORONTO — Welltower Inc. (NYSE: HCN) and Revera Inc. have completed the previously announced acquisition of Regal Lifestyle Communities Inc. for CA$12 per share, for a total of approximately CA$764 million (USD$581 million based on today’s exchange rate of CA$1 to USD$0.76).
CBRE National Senior Housing has arranged an $18.3 million construction loan for a joint venture between Pathway Senior Living and Virtus Real Estate Capital. The joint venture will build Azpira Place of Lake Zurich, a 120-unit assisted living community in the Chicago suburb of Lake Zurich.
ROSWELL, Ga. — California-based developer Griffin Real Estate Management and investment firm Canyon Partners Real Estate, in partnership with operator Thrive Senior Living, have started construction of The Georgian Lakeside Assisted Living and Memory Care, a 95-unit community in the Atlanta suburb of Roswell.
ELGIN, S.C. — Mississippi-based seniors housing developer Cardinal Ventures has hired Frampton Construction Co., a South Carolina-based construction firm, to build The Blake at Woodcreek Farms, an assisted living and memory care community in the Columbia suburb of Elgin.