In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. Construction: Planned IntegraCare, Avenue Development Plan Community in Pennsylvania IntegraCare and Avenue Development have announced plans for a new senior […]
Capital Health Group
Construction: Planned Plans Advance for Zen-Inspired Kendal Life Plan Community in California The Healdsburg Planning Commission has awarded a series of approvals to the planners of Enso Village, a Kendal-affiliated life plan community in Healdsburg, California. Kendal is collaborating on the project with the San Francisco Zen Center. Plans call for a 221-residence community with […]
Capital Health Group’s decision to form its new management arm, Elegance Living, has been a long time coming, founding partner and Managing Principal Ken Assiran told Senior Housing News. “The ultimate structure that we were looking for was to become a full owner-operator, where our interests were fully aligned. We wanted to have to have […]
Senior housing developer and private equity investor Capital Health Group is launching a management arm, and tapped an Atria Senior Living veteran to lead it. Josh Krull, formerly senior vice president, operations chief of staff for Louisville, Kentucky-based Atria, was named CEO of Elegance Living, which will be based in Baltimore. Elegance Living will assume […]
KeyBank Closes Acquisition Loan for Three Senior Housing Communities in Pennsylvania KeyBank Real Estate Capital’s healthcare platform recently closed an acquisition loan for Baltimore-based Capital Health Group to purchase three senior housing communities located in Southeast Pennsylvania. Together, the communities have more than 500 units. Shortly after purchasing the portfolio, Capital Health Group refinanced Key’s acquisition/bridge […]
Construction: Planned Luxury Senior Living Community Planned A new luxury senior living community will break ground this summer in Bozeman, Montana. The Springs at Bozeman will offer a mix of 172 independent living, assisted living and memory care apartments ranging in size from studio to three-bedroom floor plans. The community will be built on five acres […]
Grandbridge Facilitates Funding of $125 Million Seniors Housing Portfolio Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group recently facilitated the purchase of a $125 million seniors housing portfolio secured by four independent living seniors housing communities in four states. Funding for the assumption and supplemental loans was funded via Fannie Mae’s DUS® Seniors […]
AdCare Sells Nine Properties for $55 Million AdCare Health Systems, Inc. (NYSE: ADK), a self-managed health care real estate investment company that primarily invests in senior living and long-term care properties, has completed the sale of nine properties in Arkansas. The properties were sold to affiliates of Skyline Healthcare LLC, the current operator of the […]
Silver Arch Closes $4.75 Million Loan for Michigan Assisted Living Facility Silver Arch Capital Partners, a New Jersey-based private lender to the commercial real estate market that specializes in alternative lending, closed a $4.75 million loan for Belle Oakes Living Center, an assisted living facility in Lake City, Michigan. The owners of the facility will […]
Construction: Planned Georgia Developers Partner on New Senior Living Project Canopy Lifestyles and Campus Realty Advisors have joined to announced their newest senior living community to be developed in Braselton, Ga., the companies announced this week. The residence will offer independent, assisted living and memory care services at a location that is adjacent to the […]