ALEXANDRIA, Va. — The Assisted Living Federation of America has elected John Moore and William Pettit Jr. to its board of directors.
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CHATTANOOGA, Tenn. — Chattanooga-based healthcare finance company Contemporary Healthcare Capital and Atlanta-based lender Community & Southern Bank (CSB) have formed a strategic alliance to offer a wider variety of financing options for construction, acquisition and refinances in the seniors housing industry.
CAMBRIDGE, Mass. — Forest City Enterprises Inc. (NYSE: FCE-A) has entered into a share purchase and redemption agreement to acquire Health Care REIT Inc.’s (NYSE: HCN) 49 percent equity interest in seven life-science office properties and two parking facilities at University Park at the Massachusetts Institute of Technology (MIT) in Cambridge for $573.5 million.
WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has named Jeanne McGlynn Delgado as its vice president of government affairs. In her new position, McGlynn Delgado will lead ASHA’s public policy efforts on Capitol Hill, working closely with Randy Hardock, ASHA’s longtime chief legislative counsel.
FORT MYERS, Fla. — Walker & Dunlop Inc. (NYSE: WD) has arranged an $11 million acquisition bridge loan for The MacFarlane Group, who will use the money to convert the currently Ambassador Hotel in Fort Myers into a 323-unit independent living facility.