In the Pipeline: Senior Housing Construction Projects (9/14/17)

Construction: Planned Ridge Care Senior Living Expanding to South Carolina Ridge Care Senior Living is moving into The Palmetto State. The provider recently announced its first expansion into South Carolina with its new 100-unit Arbor Landing at Pawleys senior living community in Pawleys Island. The opening is being funded through an $11.3 million loan provided by SunTrust Bank. […]

In the Pipeline: Senior Housing Construction Projects (4/28/16)

(Rendering of Solana Mount Pleasant, an independent, assisted living and memory care community being developed by Formation Development Group in Mount Pleasant, S.C.) Construction: Planned Formation Development Group Obtains Zoning for S.C. Project Formation Development Group, an Atlanta-based senior living developer and investor, has obtained zoning approval for a new senior housing community in Mount Pleasant, […]

In the Pipeline: Senior Housing Construction Projects (6/11/15)

(The Westerly Residences and Wichita Presbyterian Manor – Photo courtesy of Presbyterian Manors of Mid-America) Construction: Planned LTC Properties Buys Land for New Chicago-Area Memory Care Development LTC Properties, Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, Calif., this week acquired 3.5 acres of land in Tinley Park, Ill., a south suburb […]

In the Pipeline: Senior Housing Construction Projects (12/18/14)

Construction: Planned PDC Capital Group Invests in Pipeline of Three Northern Calif. Projects Costa Mesa, Calif.-based PDC Capital Group, LLC, has three new SummerPlace Assisted Living & Memory Care facilities planned to break ground next year in Northern California. SummerPlace Westgate, located in West Sacramento, is a $27.5 million that will add 174 units and […]

Tech Scam Targets Assisted Living Provider

Federal authorities indicted a Kansas couple last week on charges of stealing more than $1.5 million from Presbyterian Manors of Mid-America (PMMA), a faith-based assisted living provider in Kansas and Missouri.  Augusta, Kan. husband and wife Brent A. Shryock, 43, and Lori A. Shryock, 50, are charged with four counts of mail fraud stemming from […]

Kansas CCRC Repositioning With $85 Million Refinance

A Kansas continuing care retirement community is looking to stay competitive going forward by using an $85 million refinance to reposition its campus and prepare for the future. Presbyterian Manors of Mid-America, Inc. (PMI), a not-for-profit organization, owns and operates 16 senior living communities in Kansas and Missouri and will use a portion of the […]

In the Pipeline: Senior Housing Construction Projects (4/25/2012)

Pennrose Properties to Build and Manage $19 million LGBT Senior Housing Complex in Philly Pennrose Properties is planning a $19 million affordable senior housing complex in a Philadelphia location known as the “Gayborhood,” reports Pride Source. The development firm recently received $8 million in financing from the Pennsylvania Housing Finance Agency, and plans to obtain the […]