Newly Formed Nonprofit Covenant Acquires 14-Property Capri Portfolio

Covenant Communities Inc., a newly formed nonprofit, has acquired a 14-property senior living portfolio from Capri Senior Communities, one of the largest providers in Wisconsin. The transaction keeps the portfolio in familiar hands, though. Capri will continue to manage the communities, while Covenant’s board is chaired by former Capri COO Glen Choban. “[The deal] keeps […]

Transactions & Financings: HJ Sims, JCH Senior Housing Investment Brokerage

HJ Sims Arranges Closing of $15 Million Loan for Life Plan Community in Atlanta HJ Sims recently facilitated the closing of a $15 million revolving pre-development financing for a life plan community in Atlanta, Georgia. The community—Lenbrook—anticipates incurring up to roughly $15 million in pre-development costs for a planned expansion. The pre-development costs will mainly […]

In the Pipeline: Senior Housing Construction Projects (11/16/17)

Construction: Announced Dominion to Renovate Former Rehab Center in Kentucky Dominion Senior Living is poised to start work on a 42,000-square-foot, $5 million faith-based assisted living and memory care community in Louisville, Kentucky. Dominion recently purchased the former Glenview Healthcare and Rehabilitation Center with plans to renovate the inside of the one-story building to include 41 […]

Senior Housing Investments & Transactions: Griffin-American Healthcare REIT IV

Griffin-American Acquires Five-Building Portfolio Near St. Louis American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, acquired the five-building SW Illinois Senior Housing Portfolio in the St. Louis metro area. The property was purchased from A&M Property Holding, an unaffiliated third party represented by Jeff Binder and Patrick Byrne of Senior Living Investment […]

SeniorAdvisor.com Rates Top Senior Living Communities in the Nation

Based on customer satisfaction ratings and reviews of senior living communities nationwide, online resource SeniorAdvisor.com has compiled the “best of” senior living for 2013. Across assisted living, independent living and memory care, the organization has awarded recognition of excellence to communities that received a 4.5-star rating out of five stars from residents and their families. […]