Senior Housing Finance Activity: Berkadia, RED Capital

RED Capital Group Closes $11.1 Million Refinance for MBK Senior Living RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group, LLC, has closed an $11.1 million refinance loan for Chancellor Gardens of Clearfield, an MBK Senior Living-owned and operated community located in Clearfield, Utah. “MBK was seeking a customized product for this […]

Senior Housing Investments & Transactions: First Acquisition for Ventas Spin-Off

Ventas Spin-Off Announces First Acquisition Care Capital Properties Inc. (NYSE: CCP) has announced the completion of its first acquisition since it officially spun off from Ventas Inc. (NYSE: VTR) last month, a transaction valued at $210 million. The acquisition includes eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana, according to a news release. As […]

In the Pipeline: Senior Housing Construction Projects (6/18/15)

Construction: Planned Big Rock Partners Selects Construction Manager for $60 Million Luxury Community in Fla.  Big Rock Partners, a national real estate investment management and development firm headquartered in Beverly Hills, Calif., has selected Balfour Beatty Construction to serve as construction manager for a resort-style, $60 million senior living rental community under development in Celebration, […]

In the Pipeline: Senior Housing Construction Projects (4/30/15)

Construction: Planned Aspire Development Partners, The Arbor Company Plan Ga. Community Ga.-based Aspire Development Partners and The Arbor Company recently announced plans for the development of a cutting-edge senior living community in Georgia’s Cherokee County. The project site is located on Sixes Road near the master-planned Bridge Mill Golf and Country Club community. Construction, which […]

Movers & Shakers: Ventas Names New CFO

Ventas Names New Chief Financial Officer Ventas, Inc. (NYSE: VTR) has named Robert F. Probst as executive vice president and chief financial officer.  Probst will assume his position in October and work with retiring Ventas CFO Richard A. Schweinhart through the transition. In his position, Probst will be a member of the Ventas executive leadership […]

In the Pipeline: Senior Housing Construction Projects (8/7/14)

Construction: Planned Developer to Build $17MM, 124-Unit Affordable Senior Housing in Texas Miller-Valentine Group, a Dayton, Ohio-based real estate developer, plans to build a $17.7 million, 124-unit affordable senior housing community in Fort Worth, Texas, reports Fort Worth Business Press. The Reserve at McAlister community will sit on 7.5 acres and will include 22 rental […]

In the Pipeline: Senior Housing Construction Projects (7/3/14)

Construction: Planned Developers Propose 239-Unit Senior Living Complex in Georgia Nonprofit the Beverly J. Searles Foundation is proposing to build a 239-unit senior living community in Fayetteville, Georgia, reports The Citizen. The Lafayette Place proposal calls for developing a 13.7-acre site to include 125 independent living units, 24 independent “quad” villas, 60 assisted living units and […]

Dished: Grind Dining Redefines Menus in Memory Care

Senior living foodservice bears many similarities to what you might find in any other organized form of dining—or in some cases, exactly what you might find in a restaurant. But there’s one distinct challenge found among senior living providers when it comes to planning and delivering meals to some of the clientele: food that can […]

Huge Opportunity for Assisted Living to Retool for Short-Term Patients

Assisted living providers looking for ways to grab a piece of the post-acute care pie and simultaneously improve occupancy are exploring short-term care models that function as a private-pay bridge from hospital to home. In the skilled nursing industry, the split between the short-term, Medicare-reimbursed and long-term, Medicaid-reimbursed models is growing. As healthcare reform puts […]