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Entries Tagged as 'CCRCs'

ACTS Retirement-Life Communities Announces Partnership with Peninsula United Methodist Homes and Heron Point of Chestertown

March 9th, 2010 · No Comments

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 [...]

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Tags: CCRCs · Management & Operators · retirement communities

Nuns on the Run? Article on Clare Discusses Current Status and Challenges of CCRC Project

March 8th, 2010 · No Comments

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 [...]

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Tags: CCRCs · Senior Housing Communities · Senior Living

Cain Brothers Announces CCRC Financing For Westminster Manor in Austin, Texas

March 4th, 2010 · Comments Off

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 [...]

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Tags: CCRCs · Senior Housing Finance · Senior housing

Presbyterian Manors Announces Aberdeen Heights CCRC Financing with Ziegler In Missouri

February 16th, 2010 · Comments Off

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 [...]

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Tags: CCRCs · Senior Housing Finance · independent living

UK Based Retirement Villages Announces Plans For New CCRC

February 8th, 2010 · Comments Off

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 [...]

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Tags: CCRCs · International Senior Housing

Paric Prepares to Begin Work on Village of St. Mary’s CCRC

February 1st, 2010 · Comments Off

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 [...]

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Tags: CCRCs · Senior Housing Architecture · Senior Housing Developers

Smith Crossing Announces $35 Million Addition To Existing CCRC

January 31st, 2010 · Comments Off

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 [...]

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Tags: CCRCs · Nursing Homes · Senior Housing Communities · Senior Housing Developers · dementia care

IDG Breaks Ground on First Phase of The Club at Briarcliff Manor

January 21st, 2010 · Comments Off

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 [...]

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Tags: Assisted Living · CCRCs · Nursing Homes · Senior Housing Developers · Senior Living

Cornerstone Acquires $33 Million Senior Living Project On Nantucket Island for $6.0 Million

January 3rd, 2010 · 1 Comment

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 [...]

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Tags: CCRCs · Senior Housing Communities · Senior Housing Developers · Senior Housing Finance

Erickson Retirement Communities Announces Deal With Redwood Capital

December 27th, 2009 · Comments Off

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 [...]

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Tags: CCRCs · Senior Housing Communities · Senior Living · Senior housing · retirement communities

Segovia Attracts Snowbirds and Out-Of-Towners To Palm Desert, California Retirement Community

December 20th, 2009 · Comments Off

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 [...]

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Tags: CCRCs · Senior Housing California · Senior Housing Communities · Senior housing · retirement communities

Redstone Highlands Receives CCRAC Accreditation

December 17th, 2009 · Comments Off

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 [...]

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Tags: CCRCs · Senior Housing Communities · Senior Living · Senior housing