ACTS Retirement-Life Communities Inc., (ACTS) and the Peninsula United Methodist Homes, Inc. (PUMH) and Heron Point of Chestertown (Heron Point), recently announced the signing of agreements in which PUMH and Heron Point have agreed to become affiliates of ACTS effective May 1.  ACTS is the nation’s largest not-for-profit owner, operator and developer of CCRCs. Through [...]

[Read more →]

Crain’s Chicago Business recently ran an article entitled, “Upscale senior home The Clare averts default after cancellations soar”, that discusses some of the challenges and strategies that the high-profile continuing care retirement community is currently facing. The high-profile, 52 story high rise has attracted national attention for its lawsuit arguing it should be exempt from [...]

[Read more →]

Cain Brothers, a health care investment banking firm, recently announced the closing a of $98 million plan of finance to fund a large expansion project for Westminster Manor a continuing care retirement center (CCRC) located in Austin, Texas.  The complex financing combined short-term tax-exempt bank qualified bonds, a related interest rate swap, a taxable bank [...]

[Read more →]

Ziegler (ZGCO) and Presbyterian Manors of Mid-America, Inc. announced last week the successful pricing of the financing for Aberdeen Heights, a new continuing care retirement community (CCRC). The CCRC will be built in Kirkwood, Missouri on a 17.7-acre site currently occupied by buildings that were formerly the site of St. Joseph’s Hospital.  Greystone Communities [...]

[Read more →]

Retirement Villages Ltd recently announced that it has applied to refurbish the existing Edwardian Manor house as the focal point of a new continuing care retirement community (CCRC).  The multi-million pound investment by Retirement Villages Ltd would create around 100 jobs and would breath new life into the site off Felcourt Road on the [...]

[Read more →]

St. Louis-area-based Paric is set to begin a $4.6 million renovation project of an existing skilled nursing facility at the Village of St. Mary’s “Villa Theresa” Continuum of Care Retirement Community (CCRC) in O’Fallon, Missouri. The 51,000-square-foot skilled nursing facility renovation is expected to begin in February, with an estimated 10-month timeline for completion. Phase [...]

[Read more →]

Smith Crossing, a continuing care retirement community (CCRC) in Orland Park, Illinois, announced plans to build a $35 million addition that will add 200,000 square-feet and convert 16 existing memory care suites that will be converted to skilled nursing care rooms.  Currently Smith Crossing has 175 residences with 87 apartments and 10 free- standing villas [...]

[Read more →]

The Club at Briarcliff Manor, a new $350 million senior housing community in New York’s Westchester County celebrated its groundbreaking this month in early January 2010.  Located 45 minutes from Manhattan by Metro North Railroad The Club at Briarcliff Manor (CCRC) will feature 325 Independent Living residences and a 60-unit Supportive Living Center where a [...]

[Read more →]

Cornerstone Real Estate Funds recently announced together with its strategic alliance partner and sub-advisor Servant Healthcare Investments, that it has finalized its purchase of Sherburne Commons, a 60 unit senior living community located on the island of Nantucket, MA. Cornerstone/Servant was selected as the winning bidder to acquire the community after its prior owner filed [...]

[Read more →]

Erickson Retirement Communities (Erickson) announced last week that it has selected Redwood Capital Investments LLC as the successful bidder to acquire substantially all the assets of the company, subject to court approval.  Erickson Retirement Communities received two qualified bids for the purchase of the company and the auction occurred on December 22, 2009 and specific [...]

[Read more →]

Segovia, a new senior residential community located in the Palm Springs/Palm Desert area, announced that it is receiving strong interest and reservations from part-time residents with permanent homes outside the Coachella valley with interest coming from the pacific northwest and Canadian provinces.  The project is scheduled to open in 2010 and is being developed by [...]

[Read more →]

Redstone Highlands Senior Living Community has earned a five-year term of accreditation from the Commission on Accreditation of Rehabilitation Facilities Continuing Care Accreditation Commission (CARF-CCAC), its first ever. Redstone Highlands is a Christian, non-profit continuing care retirement community (CCRC) with campuses in Greensburg, Murrysville, and North Huntingdon, including the Redstone Colonial Estates at its North [...]

[Read more →]