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Monticello Asset Management
It’s Never 2 Late Names New CFO It’s Never 2 Late (iN2L), a developer of digital engagement technology for senior living community residents, has named Barbara Kandemir as its new chief financial officer. In her new post, Kandemir will oversee finance, human resources, legal/compliance and office management for the company. She will also provide guidance […]
Dominion Senior Living Welcomes Five New Hires to Tennessee Community Knoxville, Tennessee-based Dominion Senior Living has welcomed five new members to its management team who will oversee the operations of its soon-to-be-opened Athens, Tennessee, community. Industry veteran Melissa Ingram brings 27 years of experience to her role as the community’s wellness director. She is adept […]
Stone Steps Up to Director Role for Emerald Communities Gig Harbor, Washington-based Emerald Communities has appointed Tonya Stone as director of nursing for Penrose Harbor, the onsite health center for its Heron’s Key community. Stone will oversee the nursing services programs, as well as the development of individual plans of care to meet residents’ needs. […]
Ziegler Closes $122.45 Million Financing for Life Plan Community in Missouri Chicago-based specialty investment bank Ziegler recently announced the successful closing of $122.45 million un fixed-rate, tax-exempt Series 2017A financing for Ashfield Active Living and Wellness Communities, Inc., dba Aberdeen Heights, a nonprofit corporation based in Missouri. Aberdeen Heights, a life plan community in Kirkwood, […]
HJ Sims Underwrites $40.6 Million Refinancing for Senior Housing Community in Minnesota Connecticut-based investment bank HJ Sims recently underwrote $40.6 million in bonds to refinance debt on The Homestead at Anoka, a nonprofit senior housing community in Anoka, Minnesota, that’s owned by Minnesota-based nonprofit corporation America National Services. The financing will refund the 2011 bonds that […]
Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]
AEW Raises $500 Million for U.S. Senior Housing Fund Boston-based AEW Capital Management recently raised about $500 million for its third U.S. senior housing fund, IPE Real Estate reported. AEW aimed for a total equity raise of $500 million, IPE noted, citing a consultant of a pension fund intending to commit to the fund. The total […]
Love Funding Closes $19 Million Loan for Affordable Apartment Community in Virginia Washington, D.C.-based Love Funding recently announced the closing of a $19 million loan meant to preserve and refurbish Tysons Tower, an 274-unit affordable senior housing community in Vienna, Virginia. Tysons Tower was built in 1976 by The Fairfax Education Association Retirement Housing Corporation […]
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