Pinnacle Living is gearing up for growing its presence in Virginia through a combination of acquisitions, partnerships and development. That’s according to CEO Chris Henderson, who said the Glen Allen, Virginia-based company has six campuses and serves around 1,200 residents in Virginia following a period of selling off communities to refocus and revitalize its balance […]
Pinnacle Living
Hear more insights regarding sales and marketing at the Senior Housing News Sales & Marketing Conference in Bonita Springs, Florida, on Feb. 18 and 19. Buy tickets here. Blog posts, social media, events with free meals – these are among the top tools senior living operators are using in their efforts to educate the general […]
Welltower (NYSE: WELL) improved its near- and long-term liquidity. The Toledo, Ohio-based health care real estate investment trust closed on an expanded $4 billion unsecured revolving line of credit. This will replace an existing $3 billion credit facility. Additionally, Welltower has two existing facilities outstanding: a $500 million term loan and a $250 million Canadian […]
Trilogy Health Services Refinances SNF and Senior Health Portfolio For $158.4 Million Trilogy Health Services refinanced a portfolio of 10 senior health campuses in Indiana, which offer independent living, assisted living, memory care, rehabilitation and skilled nursing options. The loan, totaling $158.4 million, puts in place a permanent debt structure with a low interest rate, and pays […]
Construction: Planned Smith/Packett Planning $15 Million Community in Virginia Smith/Packett has plans to build a $15 million assisted living community in Roanoke, Virginia. The community, Pheasant Ridge Assisted Living, will open with 90 units, an on-site chef, round-the-clock concierge service and a variety of recreational activities, reports TV news station WDBJ7. Senior Housing Planned in South Carolina CR […]
Construction: Planned MGL Partners and Solvera Advisors to Turn Historic Denver Building into Senior Housing MGL Partners and Solvera Advisors recently purchased the historic Tammen Hall building in Denver with the intention of turning it into affordable independent senior housing. The repurposed Tammen Hall is scheduled for completion in early 2019. When it opens, it will […]
Happy Monday, Senior Housing News readers! Here are several stories you simply must read before jumping head on into this week: Columbia Pacific Advisors, founded in part by Emeritus Co-founder Dan Baty, moved to purchase the 79-property portfolio of Vancouver, Washington-based Hawthorn Retirement Group. Columbia Pacific Advisors’ planned acquisition of Hawthorn Retirement likely commanded a […]