Capital Funding Group Closes 3 Bridge-to-HUD Loans For Skilled Nursing Facility Acquisitions Capital Funding Group, a full-service provider of comprehensive financing solutions for health care facilities across the country, announced the closing of three bridge-to-HUD loans for acquisitions in North Carolina, Texas and California. A $10.8 million bridge-to-HUD loan will finance the acquisition of Creekside […]
MorningStar Senior Living
Senior Living Investment Brokerage Facilitates Sale of Virginia Assisted Living Facility Glen Ellyn, Illinois-based Senior Living Investment Brokerage Inc. facilitated the sale of Lexington at Tazewell, a 42-unit, 33,480-square-foot assisted living facility in Tazewell, Virginia, for $2.15 million. The seller was the lender who had financed the renovations and then foreclosed on the developer. The buyer […]
(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 […]
Construction: Planned NHI, Bickford Senior Living Breaking Ground on Five New Projects National Health Investors, Inc. (NYSE: NHI) last week announced that its joint venture with Olathe, Kan.-based operator Bickford Senior Living will develop five senior housing communities in Illinois and Virginia. Each community will consist of 60 private-pay assisted living and memory care units […]
Construction: Planned MorningStar Senior Living, Nye Health Services Team on Memory Care Project Denver, Colorado-based MorningStar Senior Living, LLC, along with Nye Health Services of Fremont, Nebraska, announced plans last week to build a memory care expansion through their new partnership. Effective January 1, 2015, MorningStar will assume the daily operations of River Rock Assisted […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Housing & Healthcare Finance Closes $19.4M HUD Loan for N.J. SNF Housing & Healthcare Finance (HHC Finance) closed a $19.4 million 232/223(f) HUD loan for a 189 bed skilled nursing facility (SNF) in Lincoln Park, N.J. The facility was […]
Construction: Planned Bonaventure Senior Living Plans 144-Unit Complex in Colorado Salem, Oregon-based Bonaventure Senior Living is planning to develop an upscale 144-unit senior living complex in Pueblo, Colorado, reports The Pueblo Chieftan. The planned development will feature units for independent, assisted living and memory care, according to a letter filed with Pueblo’s planning department as […]
CNL Lifestyle Properties Acquires Colo. Senior Housing Community Senior living real estate investment trust CNL Lifestyle Properties has acquired MorningStar at Dayton Place in Aurora, Colo., for approximately $29.9 million. The senior housing community will continue to be managed by its current operator, MorningStar Senior Living, which currently has 21 properties under management or development […]
In case you missed it, here at the top five stories grabbing Senior Housing News readers’ attention this week: AT&T Makes Entry Into Senior Care With New Product Launch—The international communications giant is rolling out a monitoring device supported by its national wireless network that is being marketed to senior care businesses including assisted living […]
Real estate investment trust CNL Healthcare Properties has acquired a 12-property senior living portfolio for $302 million, the company announced Monday. The 12 properties are located in the northwest United States, and span independent living, assisted living and memory care units. The 12 properties are based in Idaho, Montana, Nevada and Oregon and will be […]
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