Within about the last two years, JEA Senior Living was acquired by investment firm Access Industries and named a new CEO. Now, the Tumwater, Washington-based provider has rebranded as Sinceri Senior Living. “Since the company was founded, there have been countless changes in our industry and around the world,” said CEO Chris Belford, in a […]
JEA Senior Living
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Memory care specialist JEA Senior Living has a new CEO and is embarking on a targeted growth strategy that will include expanding its brick-and-mortar footprint, as well as launching ancillary services to provide care for seniors beyond its communities. The Vancouver, Washington-based operator on Wednesday announced the appointment of Christopher Belford as its new CEO. […]
Ziegler completes 3 transactions totaling $240M Ziegler completed the following transactions: A Series 2020 Bond package totaling $199.4 million for Acts Life-Retirement Communities, consisting of $115.11 million in Series 2020 tax-exempt bonds and $84.3 million in 2020 taxable bonds. The tax-exempt bonds were issued through the Wisconsin Public Finance Authority, Palm Beach County (Florida) Health […]
Alternative asset management firm Harbert Management Corporation (HMC) has announced the final close of a fund that secured approximately $510 million worth of equity commitments to target the U.S. senior housing industry. HMC’s Harbert Seniors Housing Fund II has to date closed eight transactions, three of which were joint venture development projects. The investments ultimately […]
“The whole month of March was a blur, everything was happening so fast.” These are the words of Seasons Living President and COO Dan Williams, but they reflect an experience that many, if not all, industry leaders went through last month. Within the space of just a few weeks, Williams went from concern and confusion […]
Access Industries, a New York-based investment firm, has acquired a majority stake in Vancouver, Washington-based JEA Senior Living. In March 2019, Access purchased 10 JEA communities in Washington, Oregon, Texas, Tennessee and Indiana. Now, Access has invested in the JEA management company as part of an effort to expand its ownership and management of senior […]
Madison Marquette, a Washington, D.C.-based real estate investment manager and real estate services provider, partnered with a Bahraini investment firm to acquire a six-property senior housing portfolio. GFH Financial Group announced the acquisition on Tuesday, valuing the deal at over $180 million. The portfolio totals 509 units/589 beds in a mix of private-pay independent living, […]
Construction: Planned Senior Living Community Planned in South Carolina Cardinal Ventures is developing an 88,000-square-foot assisted living and memory care community within the Baxter Village master-planned community in Fort Mill, South Carolina, according to a press release. The forthcoming community, The Blake at Baxter Village, will have 68 assisted living units, 33 memory care units, and […]
Greystone Real Estate Advisors Closes $44.8 Million Indiana Portfolio Greystone Real Estate Advisors, the seniors housing and multifamily real estate services group of financial and private investment group Greystone, has closed the $44.75 million sale of a two-property seniors housing portfolio in Indiana. The properties were sold to an undisclosed private equity investment fund on […]
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