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 […]