WRC Development Continues to Expand Towne Club Senior Living Brand

WRC Development Partners started building senior housing out of necessity, but solid returns have led to a robust platform. Today, the affiliate of New York City-based real estate investment brokerage and construction consultant Whitestone Realty Capital has operational partnerships with three highly regarded operators, a deep development pipeline and an eye on exiting the properties […]

Transactions & Financings: Invesque’s $80M Credit Facility; Thrive Acquires Georgia Senior Living Community

Invesque secures $80M credit facility People’s United Bank, a subsidiary of People’s United Financial (Nasdaq: PBCT), announced its healthcare finance and capital markets divisions served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque (TSX: IVQ.U). The facility will be used to refinance existing debt associated with the […]

Transactions & Financings: HJ Sims Closes $250M Package; OnShift Lands Equity Investment

HJ Sims Completes Two Financing Packages Totaling $250.4 Million Capital Package For Dallas CCRC Community HJ Sims completed a $154.3 million financing package for Legacy Midtown Park (Legacy), a Jewish-sponsored, not-for-profit, start-up rental CCRC located in Dallas, Texas, and managed by Legacy Senior Communities. The package includes a $69.9 million bond underwriting, $70.5 million financing, and […]

Dished: Senior Living Providers Feed a Growing Appetite for Farm-Fresh Fare

The senior living industry is increasingly looking to local farms to help feed residents, and while the practice isn’t always cheaper, many providers agree it is the wave of the future. Chicago-based senior living provider Pathway to Living launched a farm-to-table dining program in May to bring fresh produce to its residents. Similarly, Vero Beach, Florida-based […]

Movers & Shakers: American House, Cadence Senior Living

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. […]

Movers & Shakers: Affinitas and New Empire Join Forces, Name CEO

Affinitas, New Empire Corp. Join Forces, Name CEO New-England-based senior living management company Affinitas Life has joined forces with New Empire Corp., a family-owned real estate group founded in 1997. Bentley Zhao, founder, chairman and CEO of New Empire Corp., will lead the new company under the banner Affinitas Life, a Division of New Empire […]

Transactions & Financings: Greystone, Integral Senior Living

Greystone Closes Sales of Three Separate Senior Living Properties Greystone Real Estate Advisors has announced its role in the sales of three senior living communities in Oklahoma, Texas and Illinois. The firm recently arranged the sale of Storey Oaks of Tulsa, a 38-unit/66-bed memory care community in Tulsa, Oklahoma; Wood Glen Court, a 72-unit/78-bed assisted living community […]

In the Pipeline: Senior Housing Construction Projects (1/18/18)

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Life Care Services to Renovate Six Newly Acquired Communities in Dallas Life Care Services, […]