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Post-Acute & Senior Living

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News Release: Persistence pays off with award-winning Milwaukee-area senior living community

Dallas-based Caddis® is recognized for transforming a neglected brownfield site in Glendale, Wis., into an amenity-filled senior community in a park-like setting GLENDALE, Wis., and DALLAS, Jan. 21, 2019 – Since the late 1990s, several unsuccessful proposals had come and gone to redevelop a former brownfield site on the west side of the Milwaukee River, […]

News Release: The Sanders Trust acquires $17 million specialty hospital, entering 26th state

News Release: The Sanders Trust acquires $17 million specialty hospital, entering 26th state

The Alabama-based Healthcare Real Estate Firm Acquires an Eating Recovery Center facility in Denver, Colorado Birmingham, Ala. – The Sanders Trust, a Birmingham-based healthcare real estate and development firm, has announced the acquisition of an Eating Recovery Center facility in Denver, Colorado which marks the 26th state for the company. The $17 million property is well-located, […]

News Release: Caddis® names 25 year veteran Tami Cumings Vice President, Senior Living

News Release: Caddis® names 25 year veteran Tami Cumings Vice President, Senior Living

Experienced executive will oversee the operations and growth of the award-winning, nationwide Heartis® senior living brand DALLAS, Jan. 3, 2019 – Tami Cumings, who has more than 25 years of experience in the independent living, assisted living and memory care industry, has joined Caddis® as Vice President, Senior Living to oversee the operations and growth […]

News Release: PMB completes rehab hospital conversion

News Release: PMB completes rehab hospital conversion

The firm’s $18.9 million transformation of a former LTAC has created a new 44-bed inpatient rehab facility for Community Health Network and Kindred Healthcare in suburban Indianapolis Indianapolis and San Diego, Dec. 18, 2018 – PMB, one of the leading and most experienced developers focused exclusively on the continuum of care, has announced the completion […]

News Release: PMB Completes Extensive $18.9 M Hospital Conversion

News Release: PMB Completes Extensive $18.9 M Hospital Conversion

PMB Completes Conversion of Community Rehabilitation Hospital South in Greenwood IN San Diego, CA (November 27, 2018) – PMB, one of the leading and most experienced developers focused exclusively on the continuum of care, has announced the completion of an extensive $18.9 million conversion of Community Rehabilitation Hospital South. Community Health Network and Kindred Healthcare […]

Post-Acute & Senior Living: Capital One leverages revised HUD rule to provide refinancing for Chicago-area property

Post-Acute & Senior Living: Capital One leverages revised HUD rule to provide refinancing for Chicago-area property

Des Plaines IL. – Bethesda, Md.-based Capital One reports that it recently provided a 35-year, fixed-rate $28.4 million HUD (Housing and Urban Development) loan to refinance a supportive living

Post-Acute & Senior Living: Senior housing occupancy steadies

National average was 87.9 percent in Q3, matching the lowest rate since Q2 2011 By John B. Mugford It might not be great news, but at least the occupancy rate for the country’s seniors housing facilities did not fall any farther in the third quarter (Q3) of 2018, according to Annapolis-based National Investment Center for […]

Post-Acute & Senior Living: Griffin-American Healthcare REIT IV acquires eight SNFs in Missouri for $88.2 million

Post-Acute & Senior Living: Griffin-American Healthcare REIT IV acquires eight SNFs in Missouri for $88.2 million

Missouri – Irvine, CA-based Griffin-American Healthcare REIT IV, a non-traded real estate investment trust (REIT), recently acquired a portfolio of skilled nursing facilities in Missouri for $88.2 million. With eight facilities and 1,112 licensed beds, the Missouri Skilled

Post-Acute & Senior Living: Unnamed investor pays $15 million for 211-bed skilled nursing facility in Tucson, Ariz.

Post-Acute & Senior Living: Unnamed investor pays $15 million for 211-bed skilled nursing facility in Tucson, Ariz.

Tucson, AZ – Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility (SNF) in Tucson, recently traded for $15 million, or $71,000 per bed. The buyer was an unnamed Chicago

Post-Acute & Senior Living: A new ‘boutique’ senior living facility opens in Dallas; Adolfson & Peterson was contractor

Post-Acute & Senior Living: A new ‘boutique’ senior living facility opens in Dallas; Adolfson & Peterson was contractor

Dallas – A new “boutique” senior living facility recently opened along the North Central Expressway in Dallas. The three-story, 77,132 square foot Adora Midtown Park facility includes 80 skilled nursing units and 29 assisted living suites. The project team

Post-Acute & Senior Living: Capital Square 101 buys a newly built memory care facility in suburb near Houston

Post-Acute & Senior Living: Capital Square 101 buys a newly built memory care facility in suburb near Houston

Spring, Texas – Glen Allen, Va.-based Capital Square 1031 recently announced its purchase of a newly constructed, 10,000 square foot memory care facility in the Houston suburb of Spring. Las Vegas based Bear Real Estate Advisors represented Capital Square 1031

News Release: Griffin-American Healthcare REIT IV Reports Third Quarter 2018 Results

News Release: Griffin-American Healthcare REIT IV Reports Third Quarter 2018 Results

Griffin-American Healthcare REIT IV, Inc. today announced operating results for the company’s third quarter ended Sept. 30, 2018. “Griffin-American Healthcare REIT IV continues to enjoy strong financial and portfolio performance as demonstrated in our third quarter 2018 results,” said Jeff Hanson, chairman and chief executive officer. “We continue to identify and acquire accretive properties for […]

News Release: NexCore Group and Civitas Senior Living Break Ground on New Senior Living Community in Cape Coral, Florida

News Release: NexCore Group and Civitas Senior Living Break Ground on New Senior Living Community in Cape Coral, Florida

The Waters of Cape Coral scheduled for December 2019 grand opening NexCore Group in collaboration with Fort Worth-based senior living management company, Civitas Senior Living, have commenced construction on their newest senior housing project, The Waters of Cape Coral located in Cape Coral, Florida. The Waters of Cape Coral will offer 72 assisted living and 28 memory care apartments […]

News Release: Deal - Capital One Provides $118.3 Million Fannie Mae Loan for Seniors Housing Portfolio

News Release: Deal – Capital One Provides $118.3 Million Fannie Mae Loan for Seniors Housing Portfolio

Capital One announced today that it has provided a $118.3 million Fannie Mae adjustable-rate loan to an investment vehicle managed by a Seattle-based alternative investment firm, Columbia Pacific Advisors. The proceeds were used to acquire fee interest in a previously leased four-property portfolio of independent living communities in California, Massachusetts, and North Carolina. “Capital One’s ability […]

News Release: Caddis to develop first Heartis senior living community in Florida

News Release: Caddis to develop first Heartis senior living community in Florida

The 182-unit, 191,000 square foot Heartis Venice in the seaside community of Venice is a continuation of the firm’s expansion across the United States In a continuation of its expansion across the country to provide new senior living options, Caddis® has begun developing its first Heartis® senior living community in Florida. Heartis® Venice will feature […]