(Rendering of Hunters Woods at Trails Edge Senior Living Community — photo courtesy of Atlantic Realty Companies) Construction: Planned Developer Planning Assisted Living Community Near Indianapolis A new senior living community focused on assisted living is coming together in a city just outside of Indianapolis. Chicago’s Vermilion Development Read More »
Senior Housing Investments & Transactions: Walker & Dunlop Closes $3.8 Billion Servicing Portfolio
Walker & Dunlop Closes Acquisition of $3.8 Billion Portfolio Walker & Dunlop, Inc. (NYSE: WD) completed the purchase of a $3.8 billion commercial mortgage servicing portfolio from a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY) for a final closing price of $44.6 million. The previously Read More »
Senior Housing Investments & Transactions: CHA, Griffin-American Healthcare REIT III
Chicago Housing Authority to Buy Presbyterian Homes Senior Apartments for $19 Million The Chicago Housing Authority (CHA) closed a $19 million deal to acquire three affordable housing apartment buildings for seniors in order to save dozens of senior residents from eviction, DNAinfo reported. The sale Read More »
Senior Housing Finance Activity: Ensign, CareTrust
The Ensign Group Announces $250 Million Revolving Credit Facility The Ensign Group, Inc. (Nasdaq: ENSG), which is based in Mission Viejo, California, announced that Ensign and its operating subsidiaries have boosted its revolving credit facility by $100 million to an aggregate of $250 million, $105 million Read More »
In the Pipeline: Senior Housing Construction Projects (4/10/13)
Construction: Planned Foreign Investment Program Propels Assisted Living Project With the help of a program that recruits foreign investors, Ridgeline Management Group is looking to break ground on a senior living community in Oregon as early as mid-summer, reports the Albany Democrat Herald. The 92-bed Read More »
In the Pipeline: Senior Housing Construction Projects (1/30/13)
Construction: Planned Trilogy Health Services, Silvercrest Plan $20 Million Indiana Project Trilogy Health Services LLC is partnering with real estate developer Matt Chalfant, dba Silvercrest LLC, in a previously announced project to convert the former Silvercrest Children’s Development Center into a senior living complex. The Read More »