Movers & Shakers: RED Capital Group’s New CEO

Ted Meylor Assumes Role of CEO for RED Capital Group RED Capital Group, LLC and ORIX USA Corporation announced recently that Edward “Ted” J. Meylor will be assuming the role of CEO for RED Capital Group, as Mike Moran, current CEO, transitions back to the parent company, ORIX USA. Moran was named as chairman and […]

In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room, […]

CNL Healthcare Properties Acquires Four Communities for $88 Million

CNL Healthcare Properties real estate investment trust has acquired four senior housing communities in Washington for a total of $88.3 million. The properties—all of which are managed by Prestige Senior Living—contain a combined 457 units including 136 independent living units, 297 assisted living units and 24 memory care units. CNL said in announcing the acquisition […]

In the Pipeline: Senior Housing Construction Projects (2/20/14)

Construction: Planned Prestige Senior Living and Nevada Health System to Develop Memory Care  Prestige Care, Inc., and Prestige Senior Living, LLC, are teaming with Carson Tahoe Health to develop a memory care community on the health system’s Specialty Medical Center campus in Carson City, Nevada. As a first step in the relationship between these organizations, […]