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 […]

Senior Housing Finance Activity: CareTrust, Ziegler

CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock CareTrust REIT, Inc. (Nasdaq: CTRE) announced that, subject to market and other conditions, it plans to offer to sell 7.5 million shares of its common stock in an underwritten public offering. The company also expects to grant the underwriters a 30-day option to buy […]

In the Pipeline: Senior Housing Construction Projects (1/28/16)

(Pecan Grove independent living building at the Highland Springs retirement community in Dallas — Photo courtesy of Erickson Living) Construction: Planned Episcopal Retirement Homes Plans $110 Million Renovations to 27 Communities Cincinnati-based Episcopal Retirement Homes plans to spend $110 million on renovating 27 of its communities nationwide, reports Cincinnati.com. The not-for-profit senior care provider will be investing in its […]

Senior Housing Finance Activity: Berkadia, RED Capital

RED Capital Group Closes $11.1 Million Refinance for MBK Senior Living RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group, LLC, has closed an $11.1 million refinance loan for Chancellor Gardens of Clearfield, an MBK Senior Living-owned and operated community located in Clearfield, Utah. “MBK was seeking a customized product for this […]

Senior Housing Investments & Transactions: Blue Moon Capital Partners’ $52 Million Investment

Blue Moon Capital Partners Forms New Development Joint Venture in Northville, Michigan Senior housing private equity investor Blue Moon Capital Partners announced Sept. 14 that it closed on a $52.5 million development joint venture with The Damone Group and its affiliates for the development of a 180-unit independent living, memory care and assisted living campus […]

Senior Housing Finance Activity: CBRE, Lancaster Pollard

Grandbridge Arranges $10.5 Million Refinance for Phoenix Community Grandbridge Real Estate Capital LLC, a national full-service capital provider headquartered in Charlotte, North Carolina, arranged a $10.5 million refinance loan for Avista North Mountain, a senior housing community in Phoenix, Arizona. “This debt financing marks an important milestone for Avista North Mountain and our company,” Kristopher […]

How One Hotel Developer Aims to Build a Senior Housing Brand

Quadrum Global seized attention recently as one of the latest multifamily and hospitality developers to get into the senior housing space. Quadrum’s first project still is in the early stages, but the company has ambitions to become a strong brand in senior living and is taking steps to differentiate itself from the crowd of new entrants […]

Untested Developers Shake Up Senior Housing

As various types of investors ramp up their presence in the senior housing space, seasoned industry members must adjust to rapid changes fueled by new entrants. Senior housing’s attractive investment returns and favorable demographics are drawing interest from development and management companies in the multifamily and hospitality sectors. Some boast multi-million dollar pipelines, while others are […]