Transactions Brookdale announces acquisition Brookdale (NYSE: BKD) announced it completed the acquisition of the previously managed Brookdale Galleria community in Houston. The transaction was completed for $23.4 million, according to a press release. The acquisition was funded using cash on hand and Brookdale’s recently expanded line of credit. “The Brookdale Galleria acquisition represents an exciting […]
Greystone
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Yet another real estate investment trust is jumping on the SHOP growth bandwagon. The health care-focused real estate investment trust (REIT), Chiron Real Estate (NYSE: XRN), announced it has acquired from affiliates of Silverstone Senior Living three luxury senior living communities in the Washington, D.C. area for $425 million. The communities are The Landing Alexandria […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Transactions Stellar Senior Living expands in Arizona Stellar Senior Living announced it has expanded its Arizona footprint with the addition of La Sonora at Dove Mountain in Marana, Arizona. The community offers assisted living, independent living and memory care services, a press release states. Features include “upscale amenities, restaurant-style dining, spacious apartments and an active […]
Transactions Chicago Pacific Founders acquires two communities Chicago Pacific Founders and its subsidiaries CPF Living Communities and Grace Management Inc. have acquired The Summit of Citrus Hills in Hernando, Florida and The Summit of Coralville in Coralville, Iowa. Grace Management is assuming management of both communities, according to a press release. The communities align with […]
The U.S. Department of Housing and Urban Development (HUD) announced it is rolling out a new “Express Lane” program for its Section 232 Mortgage Insurance for Residential Care Facilities program. The new program is meant to speed up the application process for entities that meet “low risk” criteria, according to the announcement. While the program […]
New federal guidelines around mortgage insurance applications could help more senior living providers access financing. The new U.S. Department of Housing and Urban Development (HUD) rules change a corporate credit review period of 18 months and increase the threshold for when a corporate credit review is required as it pertains to seeking HUD financing. According […]
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]
Commercial real estate finance firm Greystone has launched a new preferred equity platform and joint-venture advisory and production group to help senior housing and other real estate project planners cross the finish line. The newly launched platform, called Greystone Equity, “utilizes the firm’s balance sheet” and “existing market relations” to provide equity and preferred equity […]
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