In the Pipeline: Senior Housing Construction Projects (1/5/14)

Construction: Planned Omega Communities Buys Fla. Site for New $25 Million Community Birmingham, Ala.-based developer Omega Communities this month acquired a nine-acre site in Fort Myers, Fla., which will be the location of the company’s third project in southwest Florida this year. Unlike Omega’s other projects, the Fort Myers development will be the company’s first […]

Movers & Shakers — People and Positions for December, Part IV

Maryland CCRC Names Director of Philanthropy Patricia Santoni has been named director of philanthropy for Charlestown, a continuing care retirement community (CCRC) in Catonsville, Md., that has more than 2,000 residents.  She will be responsible for establishing, planning, directing, and coordinating all fundraising activities for Charlestown. Santoni will also provide leadership for the creation of strategic fund […]

Senior Housing Finance Activity: Beech Street, Cambridge, Red Capital

Beech Street Refinances Illinois Supportive Living Facility for $20.7 Million  Beech Street Capital, a Capital One company, has provided a $20.7 million HUD loan to refinance a supportive living facility in Illinois. Under a federal waiver, supportive living facilities in Illinois can receive Medicaid support for low-income residents that need assistance with activities of daily living, […]

Senior Housing Finance Activity: Berkadia, RED Capital, HHC Finance

Berkadia Secures $44 Million for N.Y. Skilled Nursing Facilities Berkadia Commercial Mortgage LLC recently arranged $43.9 million of financing for two skilled nursing facilities located in Nassau County and Dutchess County, N.Y. Vice President Jay Healy of Berkadia’s Seniors Housing and Healthcare group worked with the owner of both properties to secure the fixed-rate financing. […]

In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room, […]

In the Pipeline: Senior Housing Construction Projects (2/20/14)

Construction: Planned Prestige Senior Living and Nevada Health System to Develop Memory Care  Prestige Care, Inc., and Prestige Senior Living, LLC, are teaming with Carson Tahoe Health to develop a memory care community on the health system’s Specialty Medical Center campus in Carson City, Nevada. As a first step in the relationship between these organizations, […]

Senior Housing Finance Activity: Capital One, Grandbridge, RED CAPITAL

Capital One Closes $19.5 Million Loan for Revera Health Systems Capital One Bank announced on Monday it had provided a three-year, $19.5 million secured term loan to Revera Health Systems, Inc., a long-term care and rehabilitation provider with multiple skilled nursing centers across the U.S. Proceeds of the loan were used to refinance existing senior […]

Movers & Shakers – People and Positions for August 2012

It’s been one hot summer for temperatures across the country. The mercury on the senior housing and senior living market keeps rising as can be seen in this installment of Movers & Shakers and the latest news from SHN. Got scorching hot talent joining your team? Send us those staffing announcements at movers-shakers@seniorhousingnews.com. If you don’t […]

Senior Housing Finance Activity: Red Capital, Five Star Quality Care, Berkadia

RED CAPITAL Closes $125.8 Million of Seniors Housing Loans in March RED CAPITAL GROUP, LLC’s Seniors Housing Group completed 15 seniors housing transactions for a total of more than $125.8 million in closed loan proceeds in the month of March. Loan types ranged from Ginnie Mae/FHA new construction, refinances, and acquisition/refinances, to Fannie Mae MBS/DUS […]

Financing Senior Care Renovation: Less Risky Alternative to New Construction?

New construction starts remain significantly below peak 2007 levels, according to data from the National Investment Center for the Seniors Housing & Care Industry, and with financing largely unavailable for ground-up construction, is renovation or rehabilitation of senior care facilities a less-risky alternative for lenders? With nursing homes across the nation an average of nearly four […]