VOL. 127 | NO. 63 | Friday, March 30, 2012
Covenant Dove Finances Two Area Nursing Homes
Bartlett-based Covenant Dove – an operator of skilled nursing facilities in 12 states – has filed two leasehold loans totaling $16.5 million for nursing homes in Bartlett and Collierville, part of an aggregate $165 million loan through The PrivateBank and Trust Co.
Working under the name Memphis RE LLC, Covenant Dove financed Rainbow Health & Rehab of Memphis, 8119 Memphis-Arlington Road in the 38133 ZIP code, for $11.8 million. Built in 2009, the 45,078-square-foot facility is on about 6 acres at the southeast corner of Memphis-Arlington and North Germantown roads. The Shelby County Assessor of Property’s 2011 appraisal was $4.4 million.
Also, working under the name Collierville RE LLC, Covenant financed Dove Health & Rehab of Collierville, 490 W. Poplar Ave., for $4.7 million. That facility, which was built in 1970 and has 34,186 square feet, is on 3.1 acres on the north side of West Poplar between Maynard Way to the west and Aldersgate Street to the east. The assessor’s 2011 appraisal was $3.2 million.
Both loans mature in March 2017, and Michael Bagley, executive vice president and chief financial officer, signed the trust deeds as secretary and treasurer of the Memphis RE and Collierville RE entities.
Both nursing homes offer stays for short-term rehab services, as well as ongoing services for patients needing long-term care, according to Covenant Dove’s website. In addition to its other offerings, Dove Health offers “Wii Hab,” which uses the Nintendo Wii as a therapy device.
Covenant Dove – whose headquarters are on Summer Oaks Drive – operates 57 skilled nursing facilities with almost 6,000 beds, according to its site.
The Collierville and Bartlett facilities are the company’s only operations in Tennessee.
Source: The Daily News Online & Chandler Reports
– Daily News staff
EEOC Accuses AutoZone of Disability Discrimination
A federal agency is accusing Memphis-based auto-parts retailer AutoZone Inc. of illegally firing an employee because of her disability.
The U.S. Equal Employment Opportunity Commission filed a federal lawsuit against AutoZone this week.
The EEOC says the company fired a manager in its Cudahy store in 2009. The agency says the woman had just received a doctor’s clearance to return to work with a lifting restriction, following an injury to her shoulder two years earlier.
The EEOC says AutoZone failed to provide reasonable accommodation to her injury and fired her.
The AP reports a phone listing for AutoZone hung up without taking a message. An email sent to the company was not immediately returned.
The lawsuit seeks back pay and compensatory and punitive damages.
– The Associated Press
Catholic Charities Hosts Refugee Food Distribution
Catholic Charities of West Tennessee will host its second annual Holy Thursday Rice Distribution for Refugee Families Thursday, April 5, at 10 a.m. in the common area of the Woodcrest Apartments, 170 N. Hollywood.
Bags of rice and other food staples, which have been donated by students of St. Francis of Assisi Catholic School in Cordova and St. Agnes Academy in Memphis, will be presented to Catholic Charities refugee clients.
Catholic Charities of West Tennessee, the social services arm of the Catholic Diocese of Memphis, is one of the largest nonprofit, multi-social service providers in the Mid-South, with a special emphasis on homelessness, refugee resettlement and emergency services.
Since 1975, Catholic Charities has worked with the U.S. State Department to resettle more than 7,000 refugees who have fled persecution in their homelands to the West Tennessee area.
– Aisling Maki
Baker Donelson Honored for Legal Services Website
Memphis-based Baker, Donelson, Bearman, Caldwell & Berkowitz PC has received the Tennessee Bar Association’s 2012 Corporate Counsel Pro Bono Law Firm Award in recognition of the firm’s role in the development of OnlineTNJustice.org.
OnlineTNJustice.org is a website that makes it possible for Tennesseans to seek free legal advice from volunteer lawyers.
The site was developed with financial support and the technical expertise of the information technology team in the Memphis office of Baker Donelson. It’s designed to be a “virtual walk-in clinic” where lawyers provide information and basic legal advice without any expectation of long-term representation.
More than 100 low-income Tennesseans currently are receiving free legal assistance every month through the website, which is a joint project of the Tennessee Alliance for Legal Services and the Tennessee Bar Association.
– Andy Meek
Prudential's Ware Receives Corporate Services Award
Angie Ware of Prudential Collins-Maury Inc. Realtors was honored with the 2011 North American Corporate Services/Relocation Director of the Year Award at Prudential Real Estate’s recent sales convention.
The honor is awarded for outstanding facilitation of new corporate business development and consistent service excellence in relocation and referral operations, as well as participation in activities contributing to network excellence.
Ware joined Prudential Collins-Maury in 2005, and in 2008 was promoted to director of corporate relocation and business development. Ware manages the Relocation Division of Prudential Collins-Maury. Her department specializes in marketing assistance, destination services, corporate inventory management, short- and long-term rental assistance and e-commerce lead development.
– Sarah Baker
Cleaborn Homes Housing Becomes Cleaborn Pointe
Memphis Mayor A C Wharton Jr. makes the renaming of the Cleaborn Homes public housing development official Friday, March 30.
With the ceremony at St. Paul and Lauderdale streets, Cleaborn Homes becomes Cleaborn Pointe at Heritage Landing, a mixed use, mixed-income development taking shape on the grounds of what is a public housing project in transition.
With Federal HOPE VI funding, the public housing units have been demolished to be replaced by newer housing that will include rental housing as well as homes for ownership. The development will include a mix of residents including those paying fair market value and those with federal rent subsidies.
Cleaborn Homes is one of the last two of the city’s large public housing developments still standing. The other is Foote Homes, which is adjacent to Cleaborn.
– Bill Dries
Memphis Arts Advocates Convene in Nashville
More than 30 representatives from Memphis arts organizations convened in Nashville to help raise awareness for arts advocacy and support the state’s arts funding program through specialty license plate sales.
On March 27, Memphis arts leaders divided into four groups and met with state senators and state representatives as part of Tennessee Arts Advocacy Day 2012.
Tennessee’s specialty license plate program is a major source of funding for the Tennessee Arts Commission.
TAC advocates development of the program through local arts organizations and encourages all Tennesseans to support the arts through the purchase of specialty license plates.
More than 800 grants were awarded last year for arts organizations across the state from funds raised by specialty plates.
– Taylor Shoptaw
US Jobless Claims Hit 4-Year Low
The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years.
Applications for weekly unemployment benefits fell by 5,000 to a seasonally adjusted 359,000, the Labor Department said Thursday. That’s the fewest applicants since April 2008. The four-week average, a less volatile measure, declined to 365,000 — the fewest for that measure since May 2008.
When unemployment benefit applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.
– The Associated Press