News

Cambridge Arranges $16.5M HUD Refinance for Skilled Nursing Facility in Illinois

by Jeff Shaw July 28, 2015

ELMWOOD, Ill. — Cambridge Realty Capital Cos. has arranged a $16.5 million HUD Lean loan to refinance Elmwood Care, a skilled care nursing facility in Elmwood.

July 28, 2015

News

Ziegler Arranges Sale of Six-Community Portfolio in Indiana and Michigan

by Jeff Shaw July 24, 2015

CHICAGO — Ziegler, a specialty investment bank, has arranged the sale of the Brentwood portfolio on behalf of seniors housing developer SLCM.

July 24, 2015

Assisted Living Development News

Benchmark to Break Ground on $30M Massachusetts Assisted Living Community

by Jeff Shaw July 23, 2015

WOBURN, Mass. — Benchmark Senior Living, a seniors housing developer, owner and operator based in Massachusetts, will break ground on Benchmark Senior Living at Woburn on July 29.

July 23, 2015

News

Valley Health System to Provide Medical Services at New Brandywine Community in New Jersey

by Jeff Shaw July 23, 2015

MAHWAH, N.J. — Valley Health System and Brandywine Senior Living at Mahwah are collaborating to bring medical care, rehabilitation therapy, and wellness services to residents of the new assisted living community located at 814 Wyckoff Ave.

July 23, 2015

News People

Mainstreet Adds Three to Corporate Office

by Jeff Shaw July 23, 2015

CARMEL, Ind. — Mainstreet, a developer of skilled nursing facilities based in Carmel, has added three new hires at its corporate office — Chris Atkins, Monica Irwin and John Petelik.

July 23, 2015

Finance News

WNC Closes $75M Fund to Purchase Nine Communities in California

by Jeff Shaw July 23, 2015

IRVINE, Calif. — Real estate investment company WNC has closed WNC Institutional Tax Credit Fund X California Series 13 LP, a $75 million institutional low-income housing tax credit (LIHTC) fund. The fund, which includes seven investors, will acquire nine properties in California.

July 23, 2015

News

IPA Arranges Sale of Heritage Portfolio for $87.5M in Pennsylvania

by Jeff Shaw July 21, 2015

BETHLEHEM, BOYERTOWN and YORK, Pa. — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of a portfolio of three Heritage Senior Living communities for $87.5 million.

July 21, 2015

Development Memory Care News

Epoch, National Development Open New Memory Care Community in Massachusetts

by Jeff Shaw July 21, 2015

MASHPEE, Mass. — A joint venture of operator Epoch Senior Living and investment firm National Development has opened Bridges by Epoch at Mashpee, a memory care community near Cape Cod.

July 21, 2015

News

Blueprint Arranges Sale of Two Communities in Pennsylvania

by Jeff Shaw July 21, 2015

MAYTOWN and FAYETTEVILLE, Pa. — Blueprint Healthcare Real Estate Advisors, a brokerage based in Chicago, has arranged the sale of an assisted living community and a continuing care retirement community (CCRC), both in Central Pennsylvania.

July 21, 2015

Company News News

Virginia Community Receives First-Ever Wildlife Sanctuary Certification for Senior Living Community

by Jeff Shaw July 21, 2015

FORT BELVOIR, Va. — The Fairfax, a military retirement community in Fort Belvoir owned and operated by Sunrise Senior Living, has become the first seniors housing community to receive wildlife sanctuary certification from the Audubon Society.

July 21, 2015

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