HJ Sims Arranges $93 Million Bond for New Hampshire Assisted Living Community Fairfield, Connecticut-based HJ Sims, a privately held investment bank and wealth management firm, has arranged a $93 million bond for The Prospect-Woodward Home, an assisted living community, which will be based in Keene, New Hampshire. New Hampshire Health and Education Facilities Authority was […]
BPM Senior Living
Lancaster Pollard Arranges $5.3 Million Financing for BPM Senior Living Lancaster Pollard recently arranged a $5.3 million Fannie Mae loan for Portland, Oregon-based senior living owner/operator BPM Senior Living. The loan provides capital for Royalton Place, a 70-unit, 79-bed assisted living and memory care community in Milwaukie, Oregon. The financing is related to BPM’s plan […]
BPM Senior Living Hires President, COO Portland, Oregon-based BPM Senior Living hired Dan Lamey as president and COO. In his new role, Lamey will be responsible for overseeing operations, business initiatives and strategic growth for the company. Lamey began his career in senior living more than 20 years ago with Regent Assisted Living, and spent […]
Construction: Planned Nampa, Idaho OKs Proposal for Affordable Senior Housing The City Council of Nampa, Idaho approved an ordinance this week to create 50 units of affordable housing for low-income seniors, Idaho Press reports. The project will be developed by Community Development, Inc. (CDI) and will require about $350,000 in renovations on the site of the […]
Subsidiares of Manhattan, N.Y.-based Newcastle Investment Corp. recently purchased an eight-property portfolio of senior housing properties from Portland, Ore.-based BPM Senior Living for a purchase price of $143 million plus related expenses. Oak Grove Capital originated an $88.4 million Fannie Mae DUS credit facility for Newcastle to fund the acquisition. The credit facility consists of […]