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 […]
Greystone
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 […]
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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 […]
Financings Greystone provides $16.8 million for green financing program Commercial real estate financial company Greystone has provided $16.8 million via a HUD LEAN 232/233(f) green loan to refinance a supportive living facility in Illinois. The facility, Plum Creek at Rolling Meadows, is a 102-unit facility on 1.46 acres and was constructed in 1986. The owner […]
Transactions Health Dimensions Group Begins Management of Communities Health Dimensions Group (HDG) announced it provided management services in addition to day-to-day operational oversight to two senior living communities in the northern Midwest. The communities – Stoney River of Marshfield, Wisconsin and Stoney River of Ramsey, Minnesota – are assisted living and memory care communities. Both […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Luxury senior living project announced in New Jersey Pre-construction development work is underway at Arbor Terrace Montgomery, a luxury senior living community in Somerset […]
Financings JLL Arranges JV Equity for Virginia Project JLL Capital Markets announced that it arranged a joint venture for a senior living development project in Virginia. JLL worked on behalf of Centric Development LLC which is planning to build a 153,000 square-foot senior living community in Fredericksburg, Virginia that will include 106 assisted living units […]
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