Murfreesboro, Tennessee-based real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) is capitalizing on its reputation as the “REIT of choice among many regional operators” by announcing that it has financed the acquisition of a 40-unit memory care community in Rye, New Hampshire, with new partner Evolve Senior Living. The $10 million investment […]
Any construction project has many moving parts. Hiring the right contractor, and making sure that the project stays on schedule and on budget, become top concerns for developers. But with the construction industry facing various economic challenges, accomplishing this list of tasks can be quite the undertaking for development teams, including those that work on senior living […]
Dominion Senior Living Welcomes Five New Hires to Tennessee Community Knoxville, Tennessee-based Dominion Senior Living has welcomed five new members to its management team who will oversee the operations of its soon-to-be-opened Athens, Tennessee, community. Industry veteran Melissa Ingram brings 27 years of experience to her role as the community’s wellness director. She is adept […]
Stone Steps Up to Director Role for Emerald Communities Gig Harbor, Washington-based Emerald Communities has appointed Tonya Stone as director of nursing for Penrose Harbor, the onsite health center for its Heron’s Key community. Stone will oversee the nursing services programs, as well as the development of individual plans of care to meet residents’ needs. […]
The U.S. health services industry saw an “unusually high number of megadeals” in the second quarter of 2017—some of which took place in the long-term care sub-sector, according to data published by audit, assurance, tax and consulting firm Pricewaterhouse Coopers (PwC). Overall, 219 deals occurred throughout the health services industry in the second quarter, totaling to […]
HJ Sims Arranges $93 Million Bond for New Hampshire Assisted Living Community Fairfield, Connecticut-based HJ Sims, a privately held investment bank and wealth management firm, has arranged a $93 million bond for The Prospect-Woodward Home, an assisted living community, which will be based in Keene, New Hampshire. New Hampshire Health and Education Facilities Authority was […]
As many senior living operators know, planning and building a new community is a lot of work—and it can be even more challenging when that community is in a foreign country. Houston-based senior housing owner and operator Belmont Village Senior Living knows this all too well after building its recent $55 million project in Mexico City, its […]
While real estate companies like Redfin and Zillow compile local real estate listings and prices for homebuyers, a similar search function is lacking for seniors and their families seeking assisted living options, creating a disparity—and sticker shock—between the price they expect to pay versus its actual cost, according to research conducted by A Place for […]
Erickson Living Names New Director of Operations for Windsor Run Catonsville, Maryland-based Erickson Living has named industry veteran Bo Lundh director of operations for its Windsor Run community in Matthews, North Carolina, effective August 28. Lundh joined Erickson in 1995 as a senior accountant at its Oak Crest community in Parkville, Maryland, and was later […]
Yet another shareholder has come out against Irvine, California-based senior housing owner Sabra Health Care REIT, Inc.’s (Nasdaq: SBRA) planned $7.4 billion merger with Chicago-based Care Capital Properties, Inc. (NYSE: CCP). Eminence Capital, LP, a New York City-based hedge fund, owns 3.9% of Sabra’s common stock. With the announcement that it intends to vote against the Sabra-CCP […]
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