HFF arranges financing for a nine-property, multi-state behavioral healthcare portfolio

Perimeter Healthcare

WASHINGTON, DC  – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged financing for a nine-property, multi-state behavioral healthcare portfolio totaling 943,843 square feet and 765 licensed beds.

HFF worked on behalf of the borrower, Perimeter Healthcare, and its financial sponsor, Ridgemont Equity Partners, to secure the five-year, floating-rate senior loan through a four-bank syndicate led by Pinnacle Financial Partners and including ServisFirst Bank, Hancock Whitney Bank and Bancorp South.

Mark E. West

The portfolio includes:

·        Perimeter Behavioral of Forrest City in Forrest City, Arkansas; Perimeter Behavioral Hospital of West Memphis and Perimeter Behavioral of West Memphis in West Memphis, Arkansas; Piney Ridge Behavioral in Waynesville, Missouri;

·        Perimeter Behavioral Hospital of Springfield in Springfield, Missouri; Perimeter Behavioral Hospital of Jackson and Perimeter Behavioral of Jackson in Jackson, Tennessee; Beacon Children’s Hospital in Luverne, Alabama; Perimeter Behavioral Hospital of New Orleans in Kenner, Louisiana;

·        Perimeter Behavioral Hospital of Dallas in Garland, Texas, and Perimeter Behavioral Hospital of Arlington in Arlington, Texas.  All nine facilities are fully occupied by Perimeter Healthcare, a behavioral healthcare company that treats a broad range of mental diseases in both inpatient and outpatient care settings. 

The HFF debt placement team representing the borrower included senior managing director Mark West, senior director Jamie Leachman and director Evan Parker.

Jamie Leachman

“Ridgemont Equity Partners and Perimeter Healthcare are best-in-class operators, focused on serving a critical need for their patients and their communities,” Leachman said.

“Pinnacle Bank, ServisFirst, Hancock Whitney and Bancorp South performed flawlessly, and we are thrilled to have been a part of such an impactful financing process.”

About Perimeter Healthcare

Perimeter Healthcare provides mental and behavioral health services in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers and outpatient clinics. 

Headquartered in Alpharetta, GA, Perimeter’s facilities are in Arkansas, Missouri, Tennessee, Alabama, Louisiana, and Texas. For more information, please visit: www.perimeterhealthcare.com.

Evan Parker

About Ridgemont Equity Partners

Ridgemont Equity Partners is a middle market private equity firm that provided more than $4 billion of buyout and growth capital to private companies and new business platforms since 1993.  

For more information, please visit:www.ridgemontep.com. 

CONTACTS

MARK WEST

HFF Senior Managing Director

(214) 265-0880

mwest@hfflp.com

JAMIE LEACHMAN

HFF Senior Director

(202) 533-2524

jleachman@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Ware Malcomb Names Anthony Simon as Director, Retail Architecture and Design

Anthony Simon

NEW YORK, NY (May 7, 2019) – Ware Malcomb, an award-winning international design firm, today announced Anthony Simon has joined the firm’s New York office as Director, Retail Architecture and Design. 

In this new position, Simon will be collaborating with Ware Malcomb offices on the East Coast to expand retail sector design opportunities and manage select projects. 

Simon brings over 25 years of experience in customer-focused design to his new role at Ware Malcomb. Utilizing a holistic design approach for environments, his project expertise spans the retail, restaurant and hospitality industries. He is also a proven leader in the areas of business development, client services, oversight of national and regional teams, and staff mentorship. 

“We are very excited to have Anthony join the Ware Malcomb team in New York, and we look forward to his collaboration with all of our offices across North America,” said Michael Bennett, Principal, Ware Malcomb. 

Michael Bennett

“Anthony’s expertise and leadership will strengthen Ware Malcomb’s core competency in the retail sector, building upon existing company relationships to expand the firm’s presence in this important area of market diversification.”

Notable Ware Malcomb retail projects in New York include: 

• 
  
• serving as interior Architect of Record for a new spa and retail boutique for French beauty brand Caudalie located at 823 Washington Street in the Meatpacking District of New York City;
• 
  
•  providing interior architecture and design services the new Fujifilm Wonder Photo Shop located at 176 5th Avenue in the Flatiron District of New York City; 
• 
  
• providing interior architecture and design services for the Time Warner Cable Flagship Experience Store located at 43 West 23rd Street in the Flatiron District of New York City. 

Simon studied at the Pratt Institute, School of Architecture in Brooklyn, New York.  

CONTACTS

Rachel Reenders

VP Public Relations, KCOMM for Ware Malcomb

rachel@kcomm.com

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

Title Insurance Firm Proper Title LLC, Celebrates Expansion of Chicago Loop Office, Opening of St. Charles, IL Location

 From left: Proper Title professionals Beth LaSalle, Carol King, Sabrina Bier, Kimberly Keegan, Kim O’Donnell and Kim Wetzel.

CHICAGO, IL  (May 7, 2019) — Proper Title, LLC, a full-service title insurance firm serving the commercial and residential real estate industry, announced the expansion of its Chicago Loop office and the opening of a new location in St. Charles, Ill.

Located at 180 N. LaSalle St., the Loop office now has 9,700 square feet and 12 closing rooms to accommodateProper Title’s fast-growing business.

The office has a clean, modern design with ebony conference tables in each closing room and floor-to-ceiling windows overlooking downtown Chicago.

Large photos of professional sporting events from Chicago photographer Charles Cherney line the walls throughout the space, reinforcing one of Proper Title’s goals of peak performance.

David Garside

“We’re dedicated to providing attentive service and a comfortable environment for our clients,” said David Garside, executive vice president of title and escrow operations at Proper Title.

 “The Loop office is one of our busiest, and its central location places us near many of our real estate attorney clients. The expansion was needed to meet the increased demand we’ve experienced over the past few years.”

Despite a slower local housing market compared to this time last year, Proper Title’s closings increased 15% in the first quarter compared to the same period in 2018.

Charles Cherney

“We’re growing our business by capturing a larger share of the market,” Garside said. “More people are choosing to close with us because of the unmatched level of service and security we offer.”

CONTACTS

Paula Widholm, pwidholm@taylorjohnson.com, (773) 726-7993

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Pathway to Living Completes Renovation of Senior Housing Community Azpira Place of Breton in Kentwood, MI

Azpira Place of Breton, an 81-unit assisted living and memory support community, 4352 Breton Road SE, Kentwood, MI

CHICAGO,IL and KENTWOOD, MI (May 7, 2019) — Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed $2.1 million in capital improvements at Azpira Place of Breton, an 81-unit assisted living and memory support community in Kentwood, Mich.

Pathway acquired and has been managing the property, formerly known as Elmcroft of Kentwood, since February 2018.

Located at 4352 Breton Road SE, just under 10 miles from Grand Rapids, the community is Pathway’s first in Michigan. It offers 69 assisted living residences in studio and one-bedroom layouts and 12 memory support residences in studio or shared-suite plans.

Maria Oliva

“In just over a year, we have transformed this property into a modern senior living community with a full suite of amenities and programs that will enhance and inspire residents to live meaningful lives,” said Maria Oliva, chief operating officer of Pathway to Living.

 “We’re thrilled to have retained most of the residents while also adding new ones throughout the renovation.”

Kentwood Mayor Stephen Kepley, along with other city officials and local business leaders, attended a recent grand opening celebration for the community. "I want to really thank the owners and staff for the investment in the property, and also the investment in our community," he said.

Dining area, Azpira Place of Breton

Bob O'Callaghan, president and CEO of the Wyoming-Kentwood Area Chamber of Commerce, also attended the ribbon-cutting to show support from local business leaders.

“Azpira Place of Breton has hit a home run,” he said. “The updated community looks fantastic. Everyone is happy and friendly, from the staff to the residents, which reflects the wonderful job Pathway to Living achieved through this renovation.” 

Improvements to the property included upgrading common areas with new paint, carpeting and furniture throughout the community. A fireplace was added to the dining room, while the community room and demonstration kitchen were remodeled. A wellness center and therapy/exercise room were also added to further support a wellness-focused lifestyle.

Kentwood Mayor
 Stephen Kepley

Select apartment layouts were also reconfigured, as walls were removed in some units to convert them to one-bedroom apartments. All residences were updated with new paint, carpet and remodeled kitchenettes.

In addition, the memory support neighborhood was redesigned to complement Pathway to Living’s A Knew Day memory support program and philosophy.

Additional windows were installed to bring more natural light into the area, while interiors were enhanced with new artwork and furniture.

The country kitchen was revamped as part of the renovation, and other additions included new programming space such as a music and sitting area, as well as resident laundry.

A Knew Day is Pathway to Living’s signature approach to memory support, serving residents with Alzheimer’s disease, dementia and other forms of memory loss. 

The program has been proven to provide rehabilitation for the brain – a process called rementia – helping seniors with memory impairment become more engaged and communicative.

All residents of Azpira Place of Breton will be enriched through Pathway to Living’s award-winning VIVA! philosophy, where social, educational and recreational programs are matched with residents’ interests, skills and desires.

For example, ArtPATH teaches techniques used by famed artists, sculptors and curators while Lifelong Learning classes offer educational opportunities. Residents also will have the chance to participate in field trips and outdoor adventures organized by Pathway to Living, such as overnight camping trips.

Bob O'Callaghan

“Azpira Place of Breton will join our other communities in providing both our A Knew Day and VIVA! lifestyles,” said Oliva. “We hear from families who say the programming and personalized care have dramatically improved their loved ones’ quality of life.

"Through these experiences, many of our residents are enjoying activities that they haven’t been able to for decades, or for the very first time.”

Set on a 5-acre site near the intersection of Breton Road and 44th Street, Azpira Place of Breton is conveniently located near retail centers and restaurants, recreational destinations including golf courses, and Gerald R. Ford International Airport. 

For more information on Azpira Place of Breton or to schedule an appointment, visit www.pathwaysl.com or call (616) 288-4151.

For more information, please visit www.pathwaysl.com.

CONTACTS

 Kathryn Kjarsgaard, kkjarsgaard@taylorjohnson.com,

(312) 267-4514

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528