Communities

AVANA Capital Arranges $17.2 Million Loan for Skilled Nursing and Assisted Living Facility in Wichita, KS

GLENDALE, AZ–AVANA Capital has provided $17.2 million through a conventional bridge loan to Mainstreet Property Group LLC, a private real estate development company specializing in healthcare. The loan was used to acquire the Healthcare Resort of Wichita, a 94-bed facility located 12 miles…

Alzheimer’s Association Launches Comprehensive Dementia Care Practice Recommendations

CHICAGO–Today, the Alzheimer’s Association released new dementia care practice recommendations aimed at helping nursing homes, assisted-living facilities and other long-term care and community care providers deliver optimal quality, person-centered care for those living with Alzheimer’s and other dementias. The recommendations…

NHI Purchases New SNF in Texas for $14.4 Million

MURFREESBORO, TN–National Health Investors, Inc. (NYSE: NHI) announced that it has acquired a 121-bed skilled nursing facility in Waxahachie, TX, for $14,400,000 and will lease the facility to an affiliate of The Ensign Group, Inc. (“Ensign”). The acquisition is the…

Rydal Waters Receives Township Approval

JENKINTOWN, PA—Presby’s Inspired Life has received unanimous final development approvals from Abington Township for the cottage home expansion of the Rydal Park Life Plan Community, to be known as Rydal Waters. “Abington Township is excited to welcome the Rydal Waters…

Ziegler Closes $94.715 Million Longhorn Village Financing in Austin, Texas

CHICAGO–Ziegler, a specialty investment bank, is pleased to announce the successful closing of the Longhorn Village Project $94,715,000 Series 2017 Bonds. Longhorn Village (LHV) is a Texas nonprofit, non-stock, non-member corporation organized in 2002, under the Texas Non-Profit Corporation Act…

HJ Sims Leads Largest Refinancing for a Single Site Life Plan Community

FAIRFIELD, CT–HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, announced the closing of a financing for NewBridge on the Charles (NewBridge), located in Dedham, MA. The $236,300,000 financing, which closed on December 19, 2017, marked the largest fixed…

Ziegler Closes $70.210 Million Beatitudes Campus Project Financing

CHICAGO–Ziegler, a specialty investment bank, has announced the successful closing of the $70,210,000 Series 2017 Bonds for The Beatitudes Campus Project. The Beatitudes Campus is a continuing care retirement community on approximately 27 acres in north central Phoenix, Arizona. The…

New Affordable Assisted Living Community to Open in Indianapolis

BRADLEY, IL–Hellenic Senior Living of Indianapolis, a new affordable assisted living community for older adults, will open next month following a VIP preview party and ribbon cutting at the community at 8601 South Shelby Street tomorrow, 4:30-7 p.m. This $23…

Life Care Services Plans Significant Renovations at Six Newly Acquired Dallas Communities

DALLAS, TX– Following the purchase of six Dallas-based senior living communities, Life Care Services has announced an immediate multimillion-dollar renovation and beautification plan for the properties. The projects will break ground in early 2018 and see improvements throughout the campuses,…

Ziegler Closes $75 Million Horizon House Project Financing

CHICAGO–Ziegler, a specialty investment bank, announced the successful closing of the Horizon House Project $75,000,000 Series 2017 Bonds. Horizon House is a Washington nonprofit corporation and 501(c)(3) organization that was established in 1961 to develop, own and operate senior living…