Many senior living executives today have hospitality backgrounds, but few can say they worked with the original owners of Club Med — except for Agemark CEO Richard Westin. Westin joined the legendary resort company in 1962 after meeting co-owners Gilbert Trigano and Gerard Blitz the previous year. In fact, he was the very first American […]
Agemark Corporation
Bank of America’s $400M Credit Facility for Griffin-American Healthcare REIT Griffin-American Healthcare REIT co-sponsors, Griffin Capital and American Healthcare Investors, announced that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated, KeyBank Capital Markets and Citizens Bank, National Association […]
CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]
Lancaster Pollard Helps Two California-Based Senior Living Providers Refinance Communities Lancaster Pollard recently helped two California-based clients refinance their senior housing properties using the Fannie Mae Seniors Housing program. First, Lancaster Pollard assisted Sterling Senior Communities in completing a $19 million refinance of Tanner Springs, a 115-bed assisted living and memory care community in Oregon. […]
Touchmark Announces New CEO Touchmark, a Portland, Oregon-based company that develops and operates full-service retirement communities in the United States and Canada, announced the promotion of Marcus P. Breuer to CEO. He takes over the leadership position from Founder and Chairman Werner G. Nistler Jr. Breuer joined Touchmark in 2004 as vice president of finance and […]
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