In the Pipeline: Senior Housing Construction Projects (10/31/13)

Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]

Senior Housing Investments & Acquisitions (10/29/13)

Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units.  In September 2012, Rittenhouse Senior Living […]

Senior Housing Finance Activity: Cushman & Wakefield, Lancaster Pollard, Independa

Cushman & Wakefield Arrange $12 Million Acquisition Financing for LCB Cushman and Wakefield’s Senior Housing Capital Markets Group has arranged $12.3 million of capital for LCB Senior Living’s acquisition of a memory care community in Lincoln, Rhode Island. The acquisition financing was provided by Wells Fargo Bank, with joint venture equity provided by Prudential Real […]

In the Pipeline: Senior Housing Construction Projects (9/4/13)

Construction: Planned  Former Pabst Brewery to Become Senior Housing Apartments New York-based Whitestone Realty Capital LLC plans to create a 124-unit senior apartment complex at a former Pabst brewery in Milwaukee, BizTimes.com reports.  The five-story community, to be called Towne Club at The Brewery, will feature 31 units for independent seniors, 66 assisted living units and 27 […]

Senior Housing Finance Activity: Grandbridge, Cushman & Wakefield, LTC Properties

LTC Enters $141 Million Mortgage Loan Agreement with Prestige LTC Properties, Inc. (NYSE:LTC) announced recently it has entered a $141 million mortgage loan agreement with affiliates of Prestige Healthcare, secured by 15 properties with a total of 2,092 licensed skilled nursing beds and 24 independent living units in Michigan. The loan has a 30-year term […]

In the Pipeline: Senior Housing Construction Projects (8/7/13)

Construction: Planned Gensler to Design New CCRC in Los Angeles Architectural firm Gensler has been chosen to design a new Fountainview community in the Los Angeles area.  Fountainview at Gonda Westside will be a continuing care retirement community (CCRC) providing residents access to the renowned health care services of the Los Angeles Jewish Home.  As […]

In the Pipeline: Senior Housing Construction Projects (7/24/13)

Construction: Planned Florida Developers Unveil Plans for Wisconsin Senior Living Complex Harbor Retirement Associates appeared before the Shorewood Plan Commission last week to share their plans for a 96-unit senior living complex, reports the local Patch. The plan calls for a 4-story building containing 60 residential care units, as well as a one-story building featuring […]

LCB Senior Living Targets Acquisitions Through $40 Million Private Equity Partnership

New York-based private equity group Berkshire has formed a $40 million senior housing joint venture with LCB Senior Living, the companies announced this week, with Cushman & Wakefield advising Berkshire on the deal. LCB Senior Living, based in Massachusetts, is a developer, operator and third-party manager of senior housing communities in New England and the […]

Senior Housing Investment and Acquisition Round-Up (3/18/13)

Capital Senior Living Buys Senior Care Property for $6.6 Million Capital Senior Living recently purchased an assisted living and memory care community in Elkhorn, Neb., for $6.6 million in a transaction handled by Senior Living Investment Brokerage. Marquis Place of Elkhorn, located in a suburb of Omaha, was built in 2002 with an addition completed […]

In the Pipeline: Senior Housing Construction Projects (11/14/2012)

Construction: Planned Ventas Subsidiary to Build Mass. Senior Living Community Woodbriar Senior Living, LLC, a Ventas, Inc. (NYSE:VTR) subsidiary, will use proceeds of a $30 million bond issued by MassDevelopment to build a 125-unit assisted living community in Falmouth, Mass. The development will have 35 studio apartments, 66 one-bedroom units, and 24 two-bedroom units. Plans […]