HJ Sims Arranges $22.5M Refinancing for Md. CCRC HJ Sims provided a bank refinance for a continuing care retirement community (CCRC) in Annapolis, Md. The CCRC had a securitized $17 million mortgage that did not allow a prepayment, according to The SeniorCare Investor. HJ Sims arranged through a local bank a new $16.5 million mortgage […]
Lancaster Pollard Announces Leadership Changes, New CEO Lancaster Pollard announced Thursday that CEO Tom Green and President Brian Pollard will transition day-to-day management of the firm and have announced a new leadership team, effective immediately. Green and Pollard will continue to serve on the board as chairman and vice chairman respectively. Nick Gesue, previously senior vice president […]
As recent data suggests overbuilding in certain markets, the stakes are higher than ever for senior housing providers to implement a more disciplined and forward-thinking approach to development. In fact, the decisions industry members make today will ultimately determine whether they thrive or fall by the wayside, senior housing executives agreed during Senior Housing News’ […]
Cain Brothers Funding Arranges $14M Financing for Calif. Assisted Living Facility Cain Brothers Funding, LLC, the mortgage banking affiliate of Cain Brothers, arranged a $13,677,500 mortgage loan insured under the FHA Section 232-223(f) program for Eskaton Lodge Granite Bay, a 105-unit non-profit assisted living facility located in Northern California. The proceeds of the new loan […]
The NFL Alumni Association is officially giving its seal of approval to a Florida-based developer to provide assisted living and memory care services for former pro football players. Pro Football Legends, the marketing arm of the NFL Alumni Association, will be working with Validus Senior Living, a subsidiary of Validus Group, to spend more than a […]
In case you missed it, here are the top headlines grabbing readers’ attention this week, plus some other notable stories from around the web that caught our eye here at SHN: Most Read on SHN ABHOW, be.group Merger to Create $1.5 Billion Senior Living Nonprofit — California-based nonprofit senior living providers American Baptist Homes of the West […]
Independent living in the most expensive state is more than double the cost of independent living in some other states, new data show. Perhaps not surprisingly, the East Coast boasts the five most expensive states for independent living, according to a report by online senior living database and information source SeniorHomes.com. SeniorHomes.com compiled a state-by-state comparison of independent […]
California-based nonprofit senior living providers American Baptist Homes of the West (ABHOW) and be.group have agreed to merge, the companies announced today. The consolidation will create California’s largest nonprofit senior living provider and one of the half-dozen largest nationally, the companies said. The merger, expected to be finalized in early 2016 pending regulatory approval, will […]
Housing is a major and growing concern for America’s aging population, and a federally funded help line for older adults already is fielding many calls about senior living options. In 2014, seniors nationwide made more than 271,200 requests for assistance from the Eldercare Locator, a referral service providing information about care resources available in communities around the […]
Lancaster Pollard Closes Over $136M Senior Housing Transactions in May In May, Lancaster Pollard closed 21 seniors housing transactions totaling over $136 million. One of the transactions was a $23.5 million FHA Sec. 232 new construction loan for an assisted living/Alzheimer’s care facility in Virginia. Two of the transactions were FHA Sec. 232/241(a) expansion projects […]
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