WILLOUGHBY, Ohio — Artower Advisory Services, LLC has hired Steve Hays as the company’s director of business development. Hays was formerly Managing Partner of Ernst & Young’s national senior living consulting practice.
News
NEW YORK — Care Investment Trust LLC, a seniors housing-focused real estate investment and finance subsidiary of Tiptree Financial Inc. (NASDAQ: TIPT), has formed a joint venture to own and operate five senior housing communities with affiliates of Royal Senior Care Management, a privately-held owner and operator of senior housing facilities in the Southeast. The communities are all located in South Carolina and Florida.
BETHESDA, Md. — MidCap Financial, a specialty finance firm focused on the middle market in North America and Europe, has closed a $50 million transaction with Rice Health Care Centers, Inc. The loan is secured by 22 seniors housing and skilled nursing facilities on 16 distinct campuses throughout Wisconsin, and one in Michigan.
KATY, Texas — Satterfield & Pontikes Construction has been selected by Medistar Corporation to construct an 80-bed skilled nursing facility at Katy Fort Bend Road and Colonial Parkway in far west Harris County. Work on the 60,000-square-foot building is scheduled to begin early this year. Construction is expected to take approximately 11 months.
PEACHTREE CITY, Ga. — Dominion Partners, a developer of senior living properties across the southeast, has two projects underway in Georgia and Florida. Somerby of Peachtree City senior living community in Peachtree City, Ga., was split into two phases of construction. Phase I, currently in lease-up, has 72 assisted living and 24 memory care apartments.
BONITA SPRINGS, Fla. – The Terraces at Bonita Springs, a continuing care retirement community in Florida, has promoted Amy English to the position of director of sales & marketing for the community. English was a sales counselor there for three years, starting during the pre-opening sales phase.
BIRMINGHAM, Mich. — Kandu Capital, LLC and its operating company, Bloom Senior Living, have hired 30-year industry veteran, Johns Hopkins University and New York University professor and award-winning author Benjamin Pearce to lead senior living operations as chief operating officer.