Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Transactions & Financings: White Oak’s 4-Property Portfolio Acquisition; Arbor Company’s $90M Credit Facility

White Oak acquires 4 property senior housing portfolio White Oak Healthcare REIT completed the acquisition of a four community, 482-bed senior housing portfolio which included two communities in Arkansas, one in Florida and one in Pennsylvania. The seller was Baltimore-based Capital Health Group (CHG), which retains a minority stake in the portfolio, completed renovations to […]

Transactions & Financings: Radiant Senior Living, CBRE

Radiant Senior Living Acquires 64-Unit Community in Idaho Radiant Senior Living recently acquired The Renaissance, a 64-unit assisted living and memory care community in Coeur d’Alene, Idaho. Radiant currently owns and operates 19 independent living, assisted living, and memory care communities in Washington, Montana, Oregon, Colorado, Nevada, and Idaho. Radiant is scheduled to start constructing […]

Transactions & Financings: Blue Moon’s JV, PMRG to Merge with Madison Marquette

PMRG in Talks to Merge with Madison Marquette Texas-based PMRG, a privately held commercial real estate firm specializing in property management, project leasing investment management and development services, and Washington, D.C.-based Madison Marquette, a privately held commercial real estate investment and operating company, are in talks to merge. Closing is expected in the next 30 […]

Movers & Shakers: LCS, Atria Senior Living

SHN’s Movers & Shakers Column is sponsored by the SHN Job Board. To look for assisted living jobs for yourself or a friend, visit https://jobs.seniorhousingnews.com. If you’re an employer, post your senior living jobs with us and attract the industry’s best-read professionals today. Have hiring/staffing announcements? Send them to editor@seniorhousingnews.com LCS Appoints Bird to Leadership […]

Senior Housing Investments & Transactions: Civitas, Senior Lifestyle

Civitas Takes On Management of New Mexico Senior Living Community Civitas Senior Living, a Fort Worth, Texas-based senior living management company, will be taking over operations of Elan Santa Monica, an assisted living and memory care community in Albuquerque, New Mexico. The 113-unit property was developed by Titan Senior Living, the senior housing development arm of […]

Senior Housing Investments & Transactions: Fortis Files for Receivership

Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]

Movers & Shakers: Premier Senior Living, Welltower

Premier Senior Living Announces New Executive Directors  Premier Senior Living, LLC, a senior living operator with 25 communities throughout Florida, Michigan, New York, North Carolina, Ohio, Pennsylvania and Wisconsin, has announced two new executive directors. The company named Christina Woodward as executive director of its Fountain Park Assisted Living and Memory Care community in Bryan, Ohio. Woodward, […]

Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

Senior Housing Finance Activity: CNL Healthcare Properties II Breaks Escrow

CNL Healthcare Properties II Breaks Escrow Orlando, Florida-based CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and health care properties, has raised proceeds sufficient to break escrow in all states except Pennsylvania, Ohio, and Washington through its continuous public offering. CNL Healthcare Properties II has accepted subscription […]