MGL Partners, a development firm specializing in multi-family and mixed-use development, recently announced that it has completed the closing and funding of a $41.1 million construction loan for The Carillon at Boulder Creek, a 117-unit independent living project for seniors in the heart of Boulder, Colorado. The nine-story building will be delivered fully completed by […]
Category: Development
Paric, The Stratford Companies and The Lawrence Group have been jointly celebrating their achievement of winning a Silver award for the “Best Large Continuing Care Retirement Community” category in this year’s “Best of 50+ Housing Awards,” presented by the National Association of Home Builders’ 50+ Housing Council. The winning project, the Stratford at WestClay in […]
Faulkner Design Group, an interior design firm specializing in senior living properties, announced that it has completed interior design services at The Woodlands at Furman, an independent senior living community located in Greenville, South Carolina. The community provides a continuum of care with an elegant flair as the inspiration for the interiors came from traditional […]
Mainstreet Property Group and Trilogy Health Services recently announced a strategic agreement to develop senior care campuses in key markets throughout Indiana, Michigan and Ohio. Under this agreement, Mainstreet will underwrite and develop six to eight properties per year for Trilogy through the year 2012. Mainstreet has already funded and developed several like properties in […]
Think the aging population in the US is scary (in numbers :-))? Think about the Asian continent. Take a look at some of the information that a government official from Singapore shared with members of a health care symposium last month. By 2030, one in five Singapore residents will be 65 years and above, from […]
On June 1, 2009, Nationwide Health Properties, Inc. (the “Company”) entered into an amendment to the Contribution Agreement (the “Amendment”) between NHP and Pacific Medical Buildings LLC, (“Pac Med”), and certain of its affiliates, that provides NHP/PMB with a right of first offer with respect to four of the six properties that were eliminated from […]
Summit County Senior Citizens, Inc. released the results from its 2009 Summit County Senior Survey that was conducted in January and February 2009 that examined retirement trends in the area. The Summit County area includes many ski resorts such as Keystone, Breckenridge, Copper Mountain and Vail. One of the more interesting parts of the survey […]
The Isle at Watermere, a Southlake, Texas assisted living community recently announced that it had reached 75% occupancy since opening less than a year ago and is looking forward to the conclusion of construction of the clubhouse and condominiums scheduled for August 2009. Isle at Watermere, owned by Southlake Care Group LP, is part of […]
Emeritus Senior Living was awarded the Assisted Living Federation of America’s (ALFA) honorable 2009 “Best of the Best” award for the company’s efforts in sales and marketing based upon the launch of its brand identity campaign. The award recognized the company’s focus on human resources and marketing that tied together the company’s culture and allowed […]
Cambridge Realty Capital Companies recently announced that it completed its first refinance using HUD’s new Lean funding process for the 83-bed (58 skilled and 25 personal care beds) Beaver Dam Nursing & Rehab Center in Beaver Dam, Kentucky. Cambridge Chairman Jeffrey A. Davis said a $4.2 million FHA-insured loan was arranged for the owner and […]
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