In the Pipeline: Senior Housing Construction Projects (12/18/14)

Construction: Planned PDC Capital Group Invests in Pipeline of Three Northern Calif. Projects Costa Mesa, Calif.-based PDC Capital Group, LLC, has three new SummerPlace Assisted Living & Memory Care facilities planned to break ground next year in Northern California. SummerPlace Westgate, located in West Sacramento, is a $27.5 million that will add 174 units and […]

Philadelphia Archdiocese Sells Off Nursing Homes for $145 Million

In ongoing efforts to recoup hundreds of millions of dollars in financial distress, the Archdiocese of Philadelphia has agreed to sell seven senior living communities to a for-profit management group for $145 million.  Monday’s sale of six nursing homes and one assisted living community operated by Catholic Health Care Services to Flushing, New York-based Center […]