News

Partnership Breaks Ground on $16M Kentucky Community

by Jeff Shaw July 9, 2015

LEXINGTON, Ky. — Columbus, Ohio-based Continental Real Estate Companies and Carmel, Ind.-based Leo Brown Group have begun construction on a new senior living community in Lexington called Highgrove at Tates Creek.

July 9, 2015

ABHOW, be.group to Merge, Forming Largest Seniors Housing Nonprofit in California

by Jeff Shaw July 8, 2015

GLENDALE and PLEASANTON, Calif. — Two California-based, nonprofit seniors housing owner/operators have announced plans to merge, creating the largest nonprofit seniors housing provider in California, according to the two companies.

July 8, 2015

News

Evans Senior Investments Arranges Sale of Ohio Community for $11.2M

by Jeff Shaw July 8, 2015

MARIETTA, Ohio — Evans Senior Investments has arranged the sale of Glenwood Retirement Community, a hospital-owned entrance fee assisted living and independent living community in Marietta, for $11.2 million.

July 8, 2015

Development News

Congress Completes Construction of Connecticut Community

by Jeff Shaw July 8, 2015

AVON, Conn. — Congress Building Corp., a construction firm based in Peabody, Mass., has completed construction of The Residence at Brookside, a three-story assisted living, independent living and memory care community located at 117 Simsbury Road in Avon.

July 8, 2015

News

Evans Senior Investments Arranges Sale of Washington Community for $18M

by Jeff Shaw July 8, 2015

VANCOUVER, Wash. — Evans Senior Investments has arranged the sale of a three-property seniors housing community, all located on the same campus in Vancouver, to a publicly traded REIT for $18 million.

July 8, 2015

Development News

Heritage to Develop Third Phoenix-Area Community for $22M

by Jeff Shaw July 6, 2015

PEORIA, Ariz — Heritage Communities of Omaha, Neb., has announced its plans to develop the company’s third seniors housing community in the Phoenix metro area: Orchard Pointe at Terrazza.

July 6, 2015

Finance News

Walker & Dunlop Arranges $3.4M Loan for Washington Assisted Living Community

by Jeff Shaw July 2, 2015

VANCOUVER, Wash. — Walker & Dunlop Inc. (NYSE: WD) has closed a $3.4 million loan for Arbor Ridge Assisted Living with the Vancouver Housing Authority.

July 2, 2015

News

NHI Acquires Three Communities for $67M

by Jeff Shaw July 2, 2015

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has purchased three seniors housing communities in North Carolina, Indiana and Tennessee for $67 million in a sale-leaseback transaction with affiliates of East Lake Capital Management.

July 2, 2015

News

HCP and Brookdale Complete $847M Acquisition of Private Pay Portfolio

by Jeff Shaw July 1, 2015

BRENTWOOD, TENN. AND IRVINE, CALIF. — Brookdale Senior Living (NYSE: BKD) and HCP Inc. (NYSE: HCP) have arranged the closing of their previously announced portfolio acquisition of 35 private pay seniors housing communities, representing 5,025 units, for $847 million from Chartwell Retirement Residences.

July 1, 2015

Development Finance News

CBRE Arranges $49.7M in Construction Financing for Community in Houston

by Jeff Shaw July 1, 2015

HOUSTON, Texas— CBRE Capital Markets’ debt and structured finance team has arranged $49.7 million in construction financing for The Village of River Oaks, a 195-unit, Class A senior housing community to be built in Houston.

July 1, 2015

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