Cappella Adds 12 Senior Living Communities, Starts ‘New Chapter’

Cappella Living Solutions, the management and consulting division of Denver-based Christian Living Communities (CLC), has added a dozen new senior living properties to its portfolio. Last month, Cappella assumed management of seven Villagio Senior Living communities in Texas, Oklahoma and Colorado. In the same month, the organization began managing four communities owned by health care […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

NHI Expects Payoffs from ‘Fast and Furious’ Acquisitions, Transitions

National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]

With Trio of Operators, Confluent Continues Senior Living Development Push

Confluent Senior Living has emerged in the past year as an active developer with a national senior housing portfolio and partnerships with three well-established operators. The Denver-based firm has 13 completed communities, with another six in varying stages of construction, Managing Director John Reinsma told Senior Housing News. In the past 12 months, Confluent nearly […]

Nonprofit to Double Size of Management Company by 2020

If all goes according to plan, Christian Living Communities (CLC) may soon have a much wider reach. The Greenwood Village, Colorado-based nonprofit senior housing owner-operator recently tripled the size of its home care division, and it plans to double the number of senior housing communities under its management by 2020. Still, President and CEO Terry […]

In the Pipeline: Senior Housing Construction Projects (2/16/17)

(Rendering of River Tower at Harbor’s Edge, located in Norfolk, Virginia— photo courtesy of Harbor’s Edge) Construction: Planned Upscale Retirement Community Tower Planned in Virginia Harbor’s Edge, a Life Plan Retirement Community in Norfolk, Virginia, announced it is building a new, $100 million, 27-story building. River Tower at Harbor’s Edge will add 138 luxury residences that […]

In the Pipeline: Senior Housing Construction Projects (5/19/16)

(Project rendering of Nakoma Sky, a 79-acre desert resort senior living community in Oro Valley, Ariz. — Photo courtesy of three: living architecture) Construction: Planned three: living architecture Designs 79-Acre Senior Living Campus La Posada, a non-profit owner and operator of senior living properties, has engaged Dallas-based firm three: living architecture to design a concept for […]