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Walker & Dunlop Closes Unique $17.3 Million Construction Loan for Affordable Assisted Living Facility

BETHESDA, MD-Walker & Dunlop, Inc. announced today that it structured a $17,289,000 loan for Oasis at 56th, a 124-unit affordable assisted living facility located in Indianapolis, Indiana. The transaction is one of few assisted living facilities in the country financed with a Low-Income Tax Credit (LIHTC) from the Department of Housing and Urban Development (HUD). …

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South Dakota Department of Health & Human Services Assigns Receivership of 19 Skyline Healthcare Facilities to Black Hills Receiver, LLC

PIERRE, SD–On Monday, April 30, the property owners of 18 skilled nursing facilities and one assisted living facility in South Dakota, which were operated by Skyline Healthcare (also known as Cottonwood Healthcare), filed a legal action in the Hughes County Circuit Court to appoint a Receiver for the operations of the facilities. …

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Brookdale Enters into Mutually-Beneficial Agreements with Ventas

NASHVILLE, TN–Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or the “Company”) today announced that it has entered into definitive agreements to restructure the Company’s portfolio of 128 communities (10,567 units) leased from Ventas, Inc. (“Ventas”). The agreements combine substantially all of the Ventas leased communities into a single Master Lease and …

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