News

Ziegler Closes $40 Million Sale of Coventry Village in Wisconsin

by Jeff Shaw February 3, 2015

MADISON, Wis. — Ziegler, a specialty investment bank, has closed a $40.43 million sale of Coventry Village on behalf of Harris Webber, Ltd., a regional senior housing operator.

February 3, 2015

Summit Healthcare REIT Acquires $14M Facility in Virginia

by Jeff Shaw February 3, 2015

FRONT ROYAL, Va. — Summit Healthcare REIT, Inc. has acquired an 84-bed assisted living facility in Front Royal, Va. for a purchase price of $14.3 million.

February 3, 2015

Assisted Living News

Senior Living Investment Brokerage Sells Fla. Community for $7.5M

by Jeff Shaw February 3, 2015

FT. MYERS, Fla. — On January 26, Senior Living Investment Brokerage, Inc. facilitated the sale of Hidden Oaks, located in Fort Myers, Fla., for $7.5 million. The 64-unit, purpose-built, community features 48 assisted living units and 16 memory care units. Bradley Clousing and Ryan Saul handled the transaction.

February 3, 2015

News People

Mainstreet Continues 2015 Hiring

by Jeff Shaw February 3, 2015

CARMEL, Ind. – Mainstreet, the nation’s largest developer of post-acute health care properties, announced four new additions to its award-winning team.

February 3, 2015

Finance News

Capital Senior Living Corporation Acquires Two Communities and Closes on Sale of Four Non-Core Communities

by Jeff Shaw February 3, 2015

DALLAS — Capital Senior Living Corporation (NYSE:CSU) has announced the completion of three transactions: the acquisition of two seniors living communities, the disposition of four non-core communities and the refinance of an existing community loan.

February 3, 2015

Development Independent Living News

Housing Trust Group Completes $15M Seniors Housing Community in Fort Lauderdale

by Jeff Shaw January 29, 2015

FORT LAUDERDALE, FLA. — Housing Trust Group (HTG) has completed the construction of Village Place Apartments, a $15 million, 112-unit senior affordable housing community for ages 55 and up.

January 29, 2015

Finance News

Berkeley Point Capital Secures $15M Loan for Illinois Community’s Refinance

by Jeff Shaw January 29, 2015

SHILOH, Ill. – Berkeley Point Capital closed the refinancing of Cedarhurst of Shiloh, a 95-unit seniors housing community located in Shiloh, Ill.

January 29, 2015

Assisted Living Finance News

Private REIT Acquires Virginia Assisted Living Community for $14.3M

by Jeff Shaw January 29, 2015

FRONT ROYAL, Va. — A private REIT, partnered with Meridian Senior Living, purchased Loving Arms, a 47-unit assisted living and memory care community in Virginia.

January 29, 2015

Development News

McShane Construction to Expand Luxury Communities Near Chicago

by Jeff Shaw January 29, 2015

NORTHBROOK, Ill. – Developer Essex Communities is entering the third phase of development for its luxury community The Lodge of Northbrook, and has selected McShane Contstruction Company to complete the renovations.

January 29, 2015

Finance News

Ziegler Closes $33M Financing for Louisiana Non-Profit

by Jeff Shaw January 29, 2015

COVINGTON, La. — Ziegler, a specialty investment bank, has closed the $33,080,000 non-rated, tax-exempt, fixed-rate Series 2014 Bonds for Christwood, a Louisiana not-for-profit corporation.

January 29, 2015

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