CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock CareTrust REIT, Inc. (Nasdaq: CTRE) announced that, subject to market and other conditions, it plans to offer to sell 7.5 million shares of its common stock in an underwritten public offering. The company also expects to grant the underwriters a 30-day option to buy […]
LCB Senior Living
Construction: Planned Aspire Development Partners Plans Fla. Senior Living Community Atlanta-based senior housing developer Aspire Development Partners recently announced plans to develop a new senior living community in the north Florida island community of Amelia Island. Construction is scheduled to begin in early 2016 on the project located on Amelia Island Parkway near the Fernandina […]
Construction: Planned Summerlin Asset Management Plans 2016 Groundbreaking for 135-Unit IL Project Summerlin Asset Management, a real estate investment company with offices in Lake Havasu City, Ariz. and Irvine, Calif., plans to break ground on a 135-unit independent living community in Houston during the first quarter of 2016. Architectural plans include 160,000 square feet of […]
Cushman & Wakefield Arranges $53.4 Million in Construction Financing for LCB Senior Living Developments in Massachusetts Cushman & Wakefield Senior Housing Capital Markets, a global real estate services firm, has arranged $53.4 million loan in construction financing and joint venture equity for LCB Senior Living’s two senior housing developments in Massachusetts. The Residence at Vinnin Square […]
(The Tower at The Buckingham – a Houston CCRC sponsored by Senior Quality Lifestyles Corporation) Construction: Planned MorningStar Senior Living Plans Groundbreaking for Colo. Community Denver-based MorningStar Senior Living plans to break ground in Spring 2016 on a new community in Arvada, Colo. at 64th and Easley Road. MorningStar Senior Living of Arvada is the sixth […]
Lancaster Pollard Adds New Vice President at California Banking Office Lancaster Pollard has named Ross Holland as vice president of the company’s specialty investment banking and mortgage banking firm in Newport Beach, California. In his new role, Holland will be responsible for the Central California, Arizona, Utah and New Mexico markets, reaching out to providers, […]
(The Residence at Brookside — Photo Courtesy of Congress Building Corp.) Construction: Planned New Silverado Community Granted Approval in Wash. Irvine, Calif.-based operator Silverado this week announced that it has received unanimous approval from the Cordata Design Review Board to build an 80-unit memory care community in Bellingham, Wash. Set to break ground as early […]
(The Westerly Residences and Wichita Presbyterian Manor – Photo courtesy of Presbyterian Manors of Mid-America) Construction: Planned LTC Properties Buys Land for New Chicago-Area Memory Care Development LTC Properties, Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, Calif., this week acquired 3.5 acres of land in Tinley Park, Ill., a south suburb […]
Berkshire Closes Fund to Invest in Senior Housing, Other Sectors Boston, Massachusetts-based Berkshire Group, a real estate investment management company, has announced the closing of a $161.5 million venture investment vehicle that will target senior housing as well as other real estate sectors. The BRV Partners Fund I seeks to invest in growing, high-potential real […]
Brookdale Appoints Mark Parrell, Lee Wielansky to Board Of Directors Brookdale Senior Living Inc. (NYSE: BKD) recently announced the appointments of Mark J. Parrell and Lee S. Wielansky to its Board of Directors as Class III directors. The appointments of Parrell and Wielansky, which became effective on April 23, 2015, fill the vacancies created by the […]
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