News Release: MedCore Partners and The National Realty Group (TNRG) Announce the Start of Construction on Fountainwood at Lake Houston, a Senior Living Community near Lake Houston
MedCore Partners and TNRG announce the commencement of construction on a 7-acre site on the northeast corner of W. Lake Houston Parkway and Will Clayton Parkway for a 190-unit senior living community. Situated just off the shores of Lake Houston and offering premier senior living services to the northeast Houston sector, Fountainwood at Lake Houston […]
News Release: Caddis to develop its first Heartis senior living community in Pennsylvania
Heartis Yardley near Philadelphia, which will offer convenient access and first-class amenities, is designed to fill an important market need for senior housing® senior living brand FOR IMMEDIATE RELEASE News Media Contact: Stacey Berman, Caddis, 469-547-5421, sberman@caddis.com YARDLEY, Pa., and DALLAS, Jan. 31, 2019 – In a continuation of its successful expansion across the country, Caddis® […]
News Release: Your parents will want to live here: Luxury senior high-rise planned for Buckhead area
Caddis® says its new 213-unit Heartis® community in Atlanta’s prestigious Buckhead district will be one of the nation’s most sumptuous, amenity-filled senior communities ATLANTA and DALLAS, Jan. 23, 2019 – Caddis® is developing one of the most luxurious, amenity-filled senior communities in the country in a high-visibility location in the prestigious, popular Atlanta Buckhead area, […]
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
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
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
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
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
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
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.
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
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
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
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 […]