Capital Senior Living Acquires Senior Housing Leases

Capital Senior Living Corporation, one of the country’s largest operators of senior living communities, today announced that it has entered into a definitive agreement with Hearthstone Senior Services, L.P. (“Hearthstone”) to acquire Hearthstone’s interests in 32 leases with a healthcare REIT. Capital Senior Living acquired 32 leased communities that are high-quality, newly constructed assisted living and dementia care […]

Hebrew SeniorLife gets $457m for Senior Housing Complex

Hebrew SeniorLife, the Roslindale nonprofit that operates elder housing, healthcare, and research facilities, secured $457 million in funding last week.  Construction on the $485 million dollar project began last summer and is scheduled to be completed in 2009.  The community in Dedham will house about 800 seniors and have home for independent living, assisted living […]

Prudential Mortgage Capital secures $80 million in senior housing financing

Prudential Mortgage Capital closed a $80.3 million dollar loan for Brookdale senior Living.  The portfolio consists of five assisted living, memory care and skilled nursing facilities in Ohio, Texas, Kansas and Kentucky.  The portfolio includes the following: Homewood Residence at Richmond Heights in Cleveland opened in 2000 and boasts 78 assisted-living units and 17 memory-care […]