PATCHOGUE, N.Y. — Brookhaven Industrial Development Agency (IDA) has approved incentives for D&F Patchogue A.L. LLC, which intends to build an assisted living facility on vacant property in downtown Patchogue.
News
GREENWOOD VILLAGE, CONN. – NorthStar Healthcare Income has agreed to acquire 15 continuing care retirement communities (CCRCs) throughout 11 states for $640 million. The assets, which include nine rental CCRCs and six entrance-fee CCRCs for a total of 3,637 units, were purchased from subsidiaries of Fountains Senior Living Holdings.
Brookdale Appoints Mark Parrell and Lee Wielansky to Board Of Directors with Sandell Approval
by Jeff Shaw
NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has appointed of Mark J. Parrell and Lee S. Wielansky to its board of directors as Class III directors. The two appointees were selected with approval of Sandell Asset Management Corp., a shareholder group within the company that was pushing for changes on the board and for Brookdale to spin off its real estate portfolio into a REIT.
CHARLOTTE, N.C. — Maxwell Group Inc., a retirement management group based in Charlotte, N.C., has appointed Cassandra Heath as vice president of sales management. Maxwell Group is the parent company of Senior Living Communities, owner and operator of nine retirement communities in the Southeast and Midwest; Live Long Well Care, a private-duty care service provider for seniors; and Wellmore, a new line of healthcare and wellness retirement communities.
CHICAGO — Ventas Inc. (NYSE: VTR) has filed a Form 10 Registration Statement with the Securities and Exchange Commission in connection with its previously announced plan to spin off most of its post-acute/skilled nursing facility portfolio into an independent, publicly traded REIT. The new public company will be named Care Capital Properties Inc. (CCP).
MUNSTER, Ind. — Ziegler, a specialty investment bank, has closed a $58.6 million tax-exempt, fixed-rate Series 2015 Bond issue through the Indiana Finance Authority for Community Foundation of Northwest Indiana (CNFI), which operates three not-for-profit hospitals and a continuing care retirement community (CCRC).
PORTLAND, Ore. — Berkeley Point Capital has closed an $8.2 million FHA 232/223f loan for St. Anthony Village, a 127-unit independent living, assisted living and memory care community located in Portland. The FHA loan reduced the borrower’s interest rate by approximately 50 percent.