• Brookdale Finally Names a COO

    by | Nov 20, 2025 3:40 pm | Uncategorized

    A decade without a Chief Operating Officer? Maybe that is why Brookdale Senior Living has been suffering. But, they are finally filling the position. Mary Sue Patchett is taking on the role, effective December 1st. With Brookdale’s new regional operating model, which she helped redesign and implement, she will have six regional vice presidents,... Read More »

  • EVA Care Group Refinances California Portfolio

    by | Nov 20, 2025 3:38 pm | Financings

    Helios Healthcare Advisors went to a private credit fund to secure a refinance for a senior care portfolio in California. Totaling 165 beds, there is a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. The communities are owned by EVA Care Group, a Los Angeles-based national healthcare organization. ... Read More »

  • SLIB Sells a Class-A Mississippi Asset

    by | Nov 20, 2025 3:37 pm | Acquisitions

    Senior Living Investment Brokerage facilitated the sale of a seniors housing community in the Gulfport/Biloxi area of Mississippi. Featuring 18 independent living, 60 assisted living and 62 memory care units, the community was built in phases between 2019 and 2025. It is located in the town of Ocean Springs with no major competitors in the local... Read More »

  • Marx Development Group Finalizes West Virginia Acquisition

    by | Nov 20, 2025 3:36 pm | Acquisitions

    Lument Securities has closed the sale of four West Virginia-owned skilled nursing facilities to Marx Development Group (MDG). MDG subsidiary Majestic Care is taking over operations at the facilities in a smooth transition. The deal closed on October 31. Managing Director and Head of Mergers & Acquisitions Laca Wong-Hammond orchestrated the... Read More »

  • Florida Portfolio Receives Financing

    by | Nov 20, 2025 3:35 pm | Financings

    Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $120 million bridge loan to finance five skilled nursing facilities in Florida comprising 795 beds. The debt was used to refinance the 120-bed Parklands Care Center & Rehab in Gainesville, and the 120-bed Riverwood Healthcare & Rehab Center in Starke. It also funded... Read More »
BMO Harris Bank Finances Watercrest’s Latest Senior Living Development

BMO Harris Bank Finances Watercrest’s Latest Senior Living Development

by | Jan 18, 2019 7:00 am | Developments, Financings

Watercrest Senior Living Group’s latest development in Florida just obtained a construction loan courtesy of BMO Harris Bank’s Healthcare Real Estate Finance group. The community just broke ground last August and is anticipated to open in Summer 2020 with 72 independent living, 96 assisted living and 30 memory care units. Watercrest is developing the community in partnership with United Properties, after previously collaborating on a senior living development down the coast in Naples, Florida (expected to open this year). BMO arranged a $46.5 million loan to fund the Sarasota construction. Read More »
Watercrest Partners With United Properties In Latest Development

Watercrest Partners With United Properties In Latest Development

by | Jul 27, 2017 2:55 pm | Developments

Watercrest Senior Living Group has announced its latest senior living development project, and a brand-new partnership too with United Properties. The joint venture plans to break ground this Fall on a 128-unit luxury assisted living/memory care community in Naples, Florida, with an expected opening in early 2019. United Properties has already purchased the property and is entering the Florida market with this project, after developing 15 seniors housing communities in the Minneapolis, Minnesota and Denver, Colorado areas. Watercrest, on the other hand, is well versed in the Florida seniors housing market, having opened communities in Lake Nona, Sebastian, Jacksonville and Viera, so far.... Read More »

Minnetonka mania

by | Aug 30, 2016 8:38 pm | Developments

Three seniors housing developments are breaking ground this summer in the Minnetonka, Minnesota area. First, United Properties started construction on its 100-unit community, which will include 72 independent/assisted living units, 22 memory care units and six care units. Then, Oppidan Investment Company and Minnesota-based not-for-profit Ebenezer announced the expected September groundbreaking of their newest community, a 136,000-square foot, 105-unit community that will feature independent living, assisted living and memory care. Finally, The Waters plans to break ground in nearby Excelsior on its new 110-unit independent living community by the end of the year. We will see how these... Read More »