Transactions & Financings: Bridge Adds 4 Communities; Watermark Awarded $75M Credit Facility

BMO Harris provides $75M credit facility to Watermark, 2 Developers BMO Harris Bank’s Healthcare Real Estate Finance group closed on a syndicated $75 million senior facility to Largo Land Development and Watermark Retirement Communities to finance the construction of a 219-bed independent living, assisted living and memory care community and 64-unit 55-plus active adult community […]

In the Pipeline: Senior Housing Construction Projects (2/2/17)

(Rendering of formal dining room at Edgemere, located in Dallas, Texas — photo courtesy of Edgemere) Construction: Planned Independent Living Building Planned in Hingham, Massachusetts Erickson Senior Living is planning a new independent living community in Hingham, Massachusetts. The 156,378-square-foot, seven-story building will add 104 independent living homes to the already-established Linden Ponds. Willard Square will also […]

Dallas Developer Commits $100 Million to New Senior Living Brand

Caddis Partners LLC, a Dallas-based healthcare real estate developer, recently launched its own senior living brand with plans to deploy about $100 million into new development in 2013. “The reason we started doing [senior housing] is that it was a natural progression from medical office buildings (MOBs) and hospitals,” says Jason Signor, partner and CEO […]