Construction: Planned Ohio Golf Course Redevelopment to Include Senior Community A plan to turn a golf course into a sprawling apartment development with an included senior living community is moving forward in Sugarcreek Township, Ohio. The $60 million development, called Rollandia Greene, would also include “The Grand of Sugarcreek,” a community with 123 senior independent living, 57 assisted […]
Greystone Closes $12.5 Million Sale of Community in Texas Greystone Real Estate Advisors has closed on the sale of a Class A assisted living and memory care community 20 miles east of downtown Dallas. Cornerstone Senior Living purchased Three Forks of Forney in Forney, Texas, from Healthcap Partners on March 17 for $12.5 million, according to […]
CBRE Arranges Financing for Senior Living Community in California CBRE National Senior Housing Vice Chairman Aron Will recently arranged financing on behalf of an institutional sponsor for Peninsula Del Rey, a 207-unit, independent living, assisted living and age-restricted community in Daly City, California. CBRE helped secure a sizable, four-year floating rate loan from a regional […]
HJ Sims Arranges $17.5 Million Bond Refinancing for New Hampshire CCRC HJ Sims, an investment bank based in Connecticut, recently arranged $17.5 million in bond financing for a nonprofit continuing care retirement community (CCRC) in Laconia, New Hampshire. The new bonds will replace and restructure existing debt on the CCRC, Taylor Community, in addition to terminating […]
PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]
Senior Housing News will be observing the Thanksgiving holiday Thursday, Nov. 24 and Friday, Nov. 25. We will return to our normal posting schedule Monday, Nov. 28. Genesis Healthcare Reveals Executive Departures, Appointments Genesis Healthcare, Inc. (NYSE: GEN) revealed the retirement of Robert A. “Mike” Reitz from his position of executive vice president and COO […]
(Photo of Regency at Summerlin, located in Las Vegas — Photo courtesy of KTGY Architecture and Planning) Construction: Planned Expansion Planned at Sagewood Community, Phoenix Located in northeast Phoenix, Sagewood Life Plan Community is expanding to feature a high-end independent living neighborhood, called The Estates. The Estates will have 24 luxury villas available in either single […]
Greystone Provides $49.4 Million in Freddie Mac Financing for Seniors Housing in California and Colorado Greystone, a real estate advisory, investment and lending firm, announced it provided $49.9 million in Freddie Mac loans to refinance two assisted living and memory care communities in Denver, Colorado, and Carmichael, California. Greystone Managing Directors Scott Kavel and Cary […]
Greystone Closes Over $210 Million in Seniors Housing Financing Since August Greystone, a real estate lending, investment and advisory company, announced it has closed more than $210 million in financing for seniors housing properties since August 2015. The financing spanned 11 transactions and includes a range of loan products and debt placements, including Fannie Mae, […]
Greystone Provides $58 Million Refinancing Loan for California Community Greystone, a real estate investment, lending and advisory company, has provided a $58,340,000 Freddie Mac loan to refinance Varenna at Fountaingrove in Santa Rosa, California. The facility is owned and operated by affiliates of Oakmont Senior Living and offers gourmet dining, concierge services, activity rooms, a […]
