BusinessBriefs for July 2014

Share this article:

» Berkadia Commercial Mortgage LLC acquired Keystone Commercial Capital, a commercial mortgage banking company based in Scottsdale, AZ. Keystone services more than $2 billion in commercial real estate loans. Berkadia plans to add 16 employees to its offices.

» HJ Sims arranged a $214 million bond financing for the construction and acquisition of Sinai Residences of Boca Raton, a continuing care retirement community in Florida. Federation CCRC Operations Corp. will manage the facility, which has 237 independent living units, 48 assisted living units, 24 memory-support units and 60 skilled nursing suites.

» Aviv REIT acquired a skilled nursing facility in Kentucky for $6 million. The facility will be triple-net leased to Diversicare Healthcare Services. This transaction was Aviv's ninth major deal of the year. 

» Ziegler announced that a letter of intent to affiliate was signed between The Board of Trustees of Friends Homes Inc. and the Board of Governors of The Presbyterian Homes Inc. FHI and PHI would create a not-for-profit continuing care retirement organization that would be the leading system in North Carolina. 



Share this article:

More in News

Bulk of Medicaid to be managed care in two years: Avalere

Bulk of Medicaid to be managed care in ...

More than three-quarters of Medicaid beneficiaries will be enrolled in a managed care plan as of 2016, according to an Avalere Health analysis released Thursday. The numbers reveal that managed ...

Nursing home asked for employee's personal information too often, jury rules

The human resources department of a Maine nursing home did not properly protect a former employee's personal identification information, a jury recently ruled.

Test could confirm sepsis within an hour

Nursing home residents might benefit from a new way of diagnosing and treating sepsis made possible by discoveries out of the University of British Columbia.