Communities

REIT, Inc. Acquires An interest In Six Facilities In Iowa

LAKE FOREST, CA–Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in six skilled nursing/assisted living/independent living facilities throughout Iowa on November 8, 2017. The facilities, acquired for a total purchase price of $29.5 million, consist of…

Sunrise Senior Living Opens New Community In San Francisco Bay Area

MCLEAN, VA–Sunrise Senior Living welcomed residents on October 16 to its newest community, Sunrise of Pleasanton, CA. The 19th Sunrise community in San Francisco’s Bay Area, it offers assisted living as well as evidence-based memory care programming and services for…

Five Star Senior Living Announces the Completion of a Multi-Million Dollar Renovation

NEWTON, MA–Five Star Senior Living Inc. (Nasdaq: FVE), one of the nation’s leading senior living and healthcare service providers, is pleased to announce the completion of a multi-million dollar renovation of Premier Residences of Dallas, a 10 story luxury high…

Arkansas Senior Community Opens, Thanks To $224K Affordable Housing Grant

HOT SPRINGS, AR–A long-abandoned building nestled next to Hot Springs National Park has been transformed into a senior apartment community, thanks in part to a $224,000 Affordable Housing Program (AHP) grant from BancorpSouth Bank and the Federal Home Loan Bank…

Phase 1 Construction Complete on Benchmark’s ‘Sturges Ridge of Fairfield’ Senior Living Community

Benchmark Senior Living is pleased to announce the completion of Phase I of construction for Sturges Ridge of Fairfield, a three-level, 85,000 square foot, state-of-the art assisted living and memory care community located in Fairfield, Conn., on property between The…

Belmont Village Senior Living Breaks Ground In Lincoln Park

CHICAGO–-Belmont Village Senior Living has announced the start of construction on its Lincoln Park community, projected to open summer 2019. Though no stranger to Chicagoland, this will be the company’s first project in the metro area. Belmont Village began developing…

Connect4Life Model Decreases Hospital Admission Rates

BLOOMFIELD, NJ–An independent analysis of Juniper Communities’ Connect4Life (C4L) model, which integrates onsite primary care, pharmacy, and lab services with social supports and residential care, shows higher quality care, better outcomes for residents and potential cost savings of up to…

Quality Care Properties Provides Update On HCR ManorCare

BETHESDA, MD–Quality Care Properties, Inc. (NYSE:  QCP) (“QCP” or the “Company”) announced today that it has agreed with HCR ManorCare, Inc. and HCR III Healthcare, LLC, the Company’s principal tenant (collectively, “HCR ManorCare”) to extend the deadline for HCR ManorCare’s…

Clearwater Living Acquires Land For New Assisted Living And Memory Care Community In Sonoma Hills

NEWPORT BEACH, CA–Clearwater Living announced the purchase of a 3.5-acre parcel of land in the desirable Sonoma market in Rohnert Park, California, for the development of a 90-unit assisted living and memory care community. Scheduled to open in early 2019,…

Hunt Mortgage Group Refinances An Assisted Living Facility Located In Union City, GA

NEW YORK–Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it has provided a $3.1 million FHA/HUD loan facility to refinance an assisted living facility located in Union City, Georgia. Country Gardens is…