CIT Healthcare (NYSE: CIT) served as the lead in a $44 million senior secured credit facility to enable a joint venture between Bickford Senior Living and Harrison Street Real Estate Capital to acquire a portfolio of six assisted living and dementia care properties. “This transaction underscores CIT’s expertise in and commitment to the long-term care sector, […]
Category: Alzheimer’s Care
Harrison Street Real Estate Capital (“HSRE”) has completed its third real estate private equity fund, Harrison Street Real Estate Partners III, L.P. (HSREP III). The firm said exceeded its original goal of $500 million, receiving $595 million total. Investors in the fund include U.S and European pension funds, insurance companies, endowments, foundations and family offices. The Fund already […]
Hunt Midwest Real Estate Development, Inc. is getting ready to build at least four new senior living centers in the Kansas City Metro area. In May, the company broke ground on Benton House at Shoal Creek, an 80-bed assisted living facility located in the Benson Place master-planned residential community in Kansas City’s Northland. This summer, Hunt plans to […]
Atria Senior Living, Inc. has announced plans to renovate Atria Hillcrest, an independent and assisted living community in Thousand Oaks, California. The renovation, scheduled to begin this summer, will include the addition of the Atria’s Life Guidance® memory care neighborhood. The Life Guidance community will include a 27-apartment neighborhood that is expected to open in […]
New medical guidelines issued this month by the National Institute on Aging and the Alzheimer’s Association divide Alzheimer’s Disease into three separate stages based on recent and substantial evidence that it begins taking hold of the brain well before the symptoms of dementia, the New York Times reports. The guidelines will lead to an earlier […]
New figures released show there was a 37% increase in alzheimer’s and dementia caregivers from last year according to the Alzheimer’s Association. Released last week, the study found these individuals provided 17 billion hours of unpaid care valued at $202.6 billion. The prolonged duration of Alzheimer’s often places increasingly intense demands on the millions of family […]
The LaSalle Group recently broke ground on Autumn Leaves of Pearland, its newest Alzheimer’s and memory care facility located in Houston, TX. Using funding from Green Bank, the project is a 26,000-square-foot facility with 46 beds and is expected to be completed in the fall of 2011. “It has been a pleasure working with the LaSalle Group, […]
Omnilink Systems, a provider of pre-built applications for tracking people and assets, released Alzheimer’s Association Comfort Zone Check-In last week. Comfort Zone Check-In offers is designed to offer individuals with Alzheimer’s and their caregivers a range of new device, service plans and features to create more options for helping to maintain an individual’s independence and security. […]
Research conducted by the Home Instead Senior Care network found that 46% of family caregivers say their relationships with siblings have deteriorated from an unwillingness to provide help. Making decisions together, dividing the workload and teamwork are the three key factors to overcoming family conflict, according to the organization’s research. “Senior caregiving can either bring families […]
Earlier this month, CBS Sports commentator Jim Nantz and The Methodist Hospital in Houston celebrated the creation of the Nantz National Alzheimer Center (NNAC). The NNAC will be a research and treatment facility for Alzheimer’s patients and families and is named in memory of Nantz’s father, who died in 2008 of the disease. The NNAC […]
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