HCP Names New Senior Vice President and Chief Accounting Officer California-based real estate investment trust (REIT) HCP (NYSE: HCP) named Shawn Johnston to the role of vice president and chief accounting officer, the company announced. Johnston starts his new job on Aug. 15. Johnston is replacing HCP’s current Chief Accounting Officer, Scott Anderson, who is […]
MBK Senior Living
MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]
SunTrust Banks Closes on Acquisition of Pillar Financial’s Multifamily Business SunTrust Banks Inc. (NYSE: STI) recently closed on its previously announced acquisition of all of the assets of the operating subsidiaries of Pillar Financial LLC, which includes receiving Freddie Mac, Fannie Mae, and Federal Housing Administration Agency license transfer approvals. The acquired assets include Pillar’s multifamily […]
This coverage of the 2016 National Investment Center for Seniors Housing & Care Fall Conference is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which draws […]
MBK Senior Living has had a big month, having recently grown its community portfolio from 16 properties to 22. And based on the company’s expansion plans, this could be only the start of a new era for the Irvine, California-based provider. It is continuing an aggressive push that could see it double in size and […]
Lancaster Pollard Secures $7 Million Refinancing for New York Assisted Living Community Lancaster Pollard recently assisted The Lake Shore Assisted Living Home, a 200-unit assisted living community in Lake Ronkonkoma, New York, with a $7 million refinance utilizing the FHA Sec. 232/223(f) program. The Lake Shore Assisted Living Home was searching for a more beneficial long-term debt […]
MBK Senior Living President Terry Howard has resigned from the company to pursue new development opportunities, Senior Housing News has learned. The Irvine, California-based senior living provider owns, operates and develops communities across five states under its parent company, Japan-based Mitsui and Company. “Terry Howard has resigned from MBK Senior Living, and we wish him well […]
RED Capital Group Closes $11.1 Million Refinance for MBK Senior Living RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group, LLC, has closed an $11.1 million refinance loan for Chancellor Gardens of Clearfield, an MBK Senior Living-owned and operated community located in Clearfield, Utah. “MBK was seeking a customized product for this […]
American Realty Capital REIT has purchased two senior living properties from MBK Senior Living for a total of $104.5 million, the companies announced last week. The properties are both located in California and have occupancy rates of greater than 98%, with the transaction serving both companies with a “win,” according to CBRE’s Senior Living team, […]
LTC Properties to Buy Skilled Nursing Property for $14.4 Million LTC Properties, Inc. (NYSE:LTC) recently announced an agreement to purchase a 120-bed skilled nursing facility in Trinity, Fla. for $14.4 million. The property was built in 2008 and will be added to a master lease at an incremental initial cash yield of 8.75%. The operator […]
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