Author

Hayden Spiess

Villages-of-Windcrest_Fredericksburg-Texas
AcquisitionsAssisted LivingMemory CareNewsTexas

Juniper Adds Two Texas Communities to Portfolio

by Hayden Spiess

FREDERICKSBURG, Texas and SAN ANTONIO — Juniper Communities has acquired two Texas communities.  The properties include Poet’s Walk in San Antonio and The Villages of Windcrest in Fredericksburg. In addition to owning the communities, Juniper will operate them moving forward.  Poet’s Walk totals 70 memory care units, and The Villages of Windcrest features 57 assisted living apartments and 24 memory care apartments.  Juniper currently operates 28 senior living communities in New Jersey, Pennsylvania, Delaware, Texas and Colorado. 

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Margaret-Cabell
Company NewsNewsPeople

Brookdale Names Margaret Cabell Chief Sales Officer

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living has named Margaret Cabell as the company’s new chief sales officer. This marks a return for Cabell, who earlier in her career spent 15 years at Brookdale in various leadership roles.  Cabell most recently served as chief community relations officer and head of sales at A Place for Mom, a for-profit senior care referral service and lead aggregator. Prior to that, she held the role of chief executive officer of Harmony Senior Services.  “As chief sales officer, Margaret’s leadership will be instrumental in advancing our …

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AgeWell_Harrisonburg-Va
NewsOperationsSouth CarolinaVirginia

AgeWell Senior Living Assumes Management of Seven Communities in Virginia, South Carolina

by Hayden Spiess

NORTH PALM BEACH, Fla. — AgeWell Senior Living has assumed the management of seven communities located in Virginia and South Carolina.  The properties include communities in Berryville, Fishersville and Harrisonburg, Virginia, as well as communities in Camden, Fort Mill, Harstville and Indian Land, South Carolina.  “We are excited to welcome these communities to AgeWell,” says David Mills, president and chief operating officer of Florida-based AgeWell. “This expansion reflects our commitment to thoughtful growth and our belief that strong community operations begin with exceptional resident and team member experiences.” Established in 2009, …

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Pittore-and-Westin
FeaturesIndustry Voices

Senior Living Operators Must Cultivate Connection

by Hayden Spiess

By Michael Pittore and Forrest Westin What makes a life healthy and happy?  In 1938, the Harvard Study of Adult Development set out to answer that question through what would become one of the longest-running studies of human well-being in history. It began with 724 young men, some of whom were Harvard students. Over the decades, the study expanded to include the wives and children of the original participants, eventually following more than 2,000 people spanning three generations. Across these varied lives and experiences, one finding stood out. Individuals with …

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsPennsylvania

Charter Breaks Ground on 162-Unit Development in West Chester, Pennsylvania

by Hayden Spiess

WEST CHESTER, Pa. — Charter Senior Living and Paradise Management have broken ground on a new senior living development in West Chester, roughly 30 miles west of Philadelphia.  Upon completion, the community, Charter Senior Living of West Chester, will total 162 units, with independent living, assisted living and memory care residences. Completion of the project, which was first announced in January of this year, is scheduled for late 2027. 

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Sweetwater-Terraces_Duluth-Ga
AcquisitionsAffordable HousingGeorgiaNews

Dominium Acquires 165-Unit Community in Metro Atlanta

by Hayden Spiess

DULUTH, Ga. — Dominium has acquired Sweetwater Terraces, a 165-unit senior living community located in Duluth, about 30 miles northeast of downtown Atlanta.  Dominium plans to resyndicate the property in the fourth quarter of this year, preserving the community’s affordable housing status. As part of the resyndication, the community will undergo a $9.9 million renovation.  The property was originally developed in 2008 using four-percent low-income housing tax credits and tax-exempt bond financing. 

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AcquisitionsAssisted LivingFloridaNews

DeMarco Real Estate Group Brokers $17.9M Sale of Assisted Living Property in South Florida

by Hayden Spiess

POMPANO BEACH, Fla. —DeMarco Real Estate Group of REMAX 5 Star Realty has brokered the $17.9 million sale of The Residence at Pompano Beach, an assisted living property located in Pompano Beach.  Totaling 205 beds, the community offers memory care, rehabilitation and skilled nursing services, in addition to assisted living. The facility totals 61,116 square feet situated on 2.84 acres.  John DeMarco of the DeMarco Real Estate Group represented both the buyer and seller in the transaction. The buyer is a local private investor.  “Seniors housing assets continue to attract strong …

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Community_Bloomfield-Mich
AcquisitionsAssisted LivingMemory CareMichiganNews

Blueprint Arranges Sale of 52-Unit Assisted Living, Memory Care Community in Michigan

by Hayden Spiess

WEST BLOOMFIELD, Mich. — Blueprint has arranged the sale of a 52-unit assisted living and memory care community located in West Bloomfield in metro Detroit.  Originally constructed in 2000, the property was acquired in an all-cash transaction.  Lauren Nagle, Michael Segal and Daniel Waldhorn of Blueprint brokered the sale on behalf of the seller. 

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Company NewsNewsPeople

Greystone Adds Joshua Rosen to Seniors Housing, Healthcare Platform

by Hayden Spiess

CHICAGO  — Greystone has added Joshua Rosen to its seniors housing and healthcare platform. Rosen is joining the firm as senior managing director.  Based in Chicago, Rosen will focus on originating seniors housing and healthcare loans. He will report to Mordecai Rosenberg, head of FHA lending at Greystone.  Rosen most recently served as a senior vice president and managing director at Walker & Dunlop.  “Josh’s deep relationships in the seniors housing and healthcare space and client-first approach make him a natural fit for Greystone,” says Rosenberg.

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Tabor-Village-Rendering
Affordable HousingDevelopmentNewsTexas

Onyx Legacy Group, Lincoln Avenue Communities to Develop 229-Unit Affordable Community in Dallas

by Hayden Spiess

DALLAS — Onyx Legacy Group and Lincoln Avenue Communities are underway on plans for the development of a new affordable seniors housing community in Dallas.  The Texas Bond Review Board has issued a $38 million bond reservation to the Dallas Housing Finance Corp. in support of the project, and the City of Dallas has issued an early release letter, which allows initial grading and site mobilization activities to begin.  Upon completion, the property will total 229 units, with 15 percent of residences reserved for seniors earning at or below 50 percent …

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