News

AdCare Acquires 55-Bed Skilled Nursing Facility in Florida for $4.8 million

by Jeff Shaw September 23, 2015

TAMPA, Fla. — Atlanta-based seniors housing investment company AdCare Health Systems Inc. (NYSE MKT: ADK) has agreed to purchase a 55-bed skilled nursing facility in Tampa for approximately $4.8 million. The name of the facility and seller were not disclosed.

September 23, 2015

RED Provides $17.2M Loan for Prevarian to Build New Community in Oklahoma

by Jeff Shaw September 22, 2015

BROKEN ARROW, Okla. — RED Capital Partners, the proprietary debt and equity banking arm of RED Capital Group LLC, has provided a $17.2 million construction loan to Prevarian Senior Living, a private equity investor and a healthcare system affiliate.

September 22, 2015

News People

Maxwell Group Names Katie Huffstetler as COO

by Jeff Shaw September 22, 2015

CHARLOTTE, N.C. — Maxwell Group, a seniors housing operator based in Charlotte, has promoted Katie Huffstetler to the position of Chief Operating Officer.

September 22, 2015

Finance News

Lancaster Pollard Brokers Refinancing, Renovation Loan for Community in Missouri

by Jeff Shaw September 21, 2015

HIGGINSVILLE, MO. — Lancaster Pollard has arranged funding for a refinance and renovation of John Knox Village East in Higginsville, which is 50 miles east of Kansas City. John Knox Village East is a senior living facility that features both intermediate care and skilled nursing beds and is managed by Life Care Services.

September 21, 2015

Development News Skilled Nursing

Mainstreet, Symphony Open $20.8M Skilled Nursing Facility in Indiana

by Jeff Shaw September 18, 2015

DYER, Ind. — Skilled nursing developer Mainstreet and operator Symphony Post Acute Network have opened Symphony of Dyer, a skilled nursing facility in Dyer approximately 30 miles south of Chicago.

September 18, 2015

Finance News

Grandbridge Arranges $10.5M Refinance of Community in Phoenix

by Jeff Shaw September 18, 2015

PHOENIX — Grandbrige Real Estate Capital’s seniors housing and healthcare finance team has arranged a $10.5 million refinancing for Avista North Mountain, an assisted living, memory care and independent living community in Phoenix.

September 18, 2015

Development News

Tradition Senior Living Opens 311-unit Community in Dallas

by Jeff Shaw September 17, 2015

DALLAS — Tradition Senior Living (TSL) has opened The Tradition-Lovers Lane Community, an independent living, assisted living and memory care community in Dallas.

September 17, 2015

Finance Independent Living News

CBRE Arranges $12M Fannie Mae Loan to Refinance Independent Living Community in California

by Jeff Shaw September 17, 2015

CARMICHAEL, Calif. — CBRE National Senior Housing has arranged a $12 million, fixed-rate loan from Fannie Mae to refinance Winding Commons, a 100-unit independent living community in metro Sacramento.

September 17, 2015

Assisted Living Finance News

Hunt Provides $8.9M Refinance for Assisted Living Facility in Texas

by Jeff Shaw September 17, 2015

ROCKWALL, Texas — Hunt Mortgage Group has provided an $8.9 million bridge loan for the refinance of Autumn Leaves of Rockwall, an assisted living and memory care community in Rockwall, a northeast suburb of Dallas.

September 17, 2015

CCRC Development Finance News

Ziegler Arranges $57M Financing for Expansion of Community in Michigan

by Jeff Shaw September 16, 2015

GRAND RAPIDS, Mich. — Ziegler Capital Markets has arranged $57 million in financing for Beacon Hill at Eastgate, a CCRC in Western Michigan, which includes approximately $36 million for the community’s Phase II expansion.

September 16, 2015

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