by Steve Monroe | Aug 31, 2017 7:34 pm | Acquisitions
Michigan-based real estate developer REDICO, through its senior living affiliate American House, acquired its first 100% independent living community in the state of Florida when it purchased a 173-unit community in Wildwood. American House had assumed management of... Read More »
by Steve Monroe | Aug 30, 2017 7:02 am | 60 Seconds, Opinion
Financial modeling for seniors housing and care is not as easy as it used to be, when revenues could be assumed to rise faster than expenses. Have you noticed that financial modeling for seniors housing and care is not as easy as it used to be? In the past,... Read More »
by Steve Monroe | Aug 30, 2017 7:01 am | Financings
Since the start of July, Capital One has closed a flurry of deals for seniors housing and care borrowers, and has crisscrossed the country doing so. The bank has so far provided a $27.2 million HUD refinance for three skilled nursing facilities in Tennessee, a $12... Read More »
by Steve Monroe | Aug 30, 2017 7:00 am | Developments, Financings
A CCRC in northwest Washington, D.C. is ready to expand, and in a big way. Currently featuring 127 independent living units, seven assisted living units and 60 skilled nursing beds, not-for-profit Ingleside at Rock Creek faced a growing wait list and limited health... Read More »
by Steve Monroe | Aug 29, 2017 8:47 pm | Developments
A luxury assisted living/memory care community recently opened in Salt Lake City, Utah, and hopes to stand out among its competitors for not only its care, but its look too. Interior designer, studioSIX5, and architect AJC Architects designed the 148-unit community... Read More »