Wells Fargo Capital Finance Announces New National Health Care Sales Manager Wells Fargo Capital Finance, the asset-based lending division of Wells Fargo & Company (NYSE: WFC), announced the promotion of Kevin Harbour to national health care sales manager in the company’s health care finance group. Harbour will be responsible for leading a team of business […]
Springpoint Senior Living
NHI Exercises Purchase Option to Acquire Five Senior Living Communities Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) has exercised a purchase option to acquire five assisted living and memory care facilities owned and operated by Bickford Senior Living for the purchase price of $87.5 million. The facilities have a total of 277 […]
(Rendering of a new Allegro Senior Living community under construction in Orlando, Fla. — photo courtesy of Allegro Senior Living, LLC) Construction: Planned National Church Residences to Break Ground Next Week for $35 Million Ohio Project National Church Residences, a not-for-profit senior housing provider, plans to break ground May 9 for Inniswood Village, a new senior living […]
(Thrive at Beachwalk, a 125-unit senior living community operated by Thrive Senior Living in Fort Myers, Fla.) Construction: Planned Welltower, Hines Acquire Site to Develop NYC Senior Living Community The New York offices of international real estate firm Hines and Welltower Inc. (NYSE: HCN), this week announced that they have closed on the acquisition of […]
$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
HCP Names New General Counsel and Executive Promotions HCP, Inc., one of the “Big Three” health care real estate investment trusts (REITs), has promoted Troy E. McHenry to executive vice president, general counsel and corporate secretary. McHenry will succeed James W. Mercer, who will retire Feb. 5. but will provide consoling services through the end […]
Ecumen, National Senior Campuses and Episcopal SeniorLife were among the fastest-growing nonprofit senior housing providers in 2014, according to the 2015 LeadingAge Ziegler 150. The LZ 150, now in its 12th edition, lists the largest not-for-profit systems offering aging services through senior living in the country, among other statistics. This year, the top three largest not-for-profit […]
N.J. Senior Housing Provider Receives $8M for Seniors Affordable Housing Springpoint Senior Living received approval from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) for $7.8 million dollars in funding to provide rental housing in Ocean County, N.J. for older adults who were impacted by Superstorm Sandy. Springpoint will use these funds along with […]
For senior living providers looking to expand their service offerings, branching into home care isn’t a far stretch. But whether that growth means building a home care program from square one, or buying the service line via acquisition, there are some serious considerations providers need to bear in mind when developing a strategy that best fits […]
Washington CCRC’s Health Services Admin Appointed to State Board Emerald Heights, a Type-A continuing care retirement community (CCRC) in Redmond, Wash., has announced that Annie Zell, the community’s health services administrator, was recently appointed by the governor of washington to serve on the state’s Board of Nursing Home Administrators. Zell has been a part […]
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