PASADENA, Calif. — MorningStar Senior Living has reopened its 144-unit Pasadena community. Soon after assuming management in December 2020, MorningStar, a Denver-based senior living owner and operator, began a complete renovation of the four-story community. “The extensive renovation of MorningStar…
SUNRISE, Fla. — Capital Funding Group has provided a $27.2 million construction loan for the conversion of a partially completed hotel in South Florida to a 191-unit assisted living community. The property is located at 3003 N. University Drive in…
TOLEDO, Ohio — Longtime seniors housing industry executive, most recently the founder and CEO of ReNew REIT, George Chapman died Wednesday. Although the cause of death was not disclosed, ReNew described his passing as peaceful and surrounded by family. He…
DAVENPORT, Fla. — Virtus Real Estate Capital and Blaze Capital Partners have acquired The Pointe at Siena Ridge, a 163-unit active adult community in Davenport, a suburb southwest of Orlando. This is Blaze’s fourth acquisition in the active adult sector…
STOW, Mass. — Massachusetts-based developer Habitech Acquisitions has acquired 37.3 acres in Stow, about 30 miles west of Boston, with plans to construct a 141-unit active adult community. Known as The Cottages at Wandering Pond, the project will feature a…
GEORGIA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of three seniors housing communities in Georgia. Located in secondary markets throughout the state, the portfolio totals 156 units of assisted living and memory care. While at the time…
By Ali Sareea, CTO, Glennis Solutions Back in the mid 1970s, Business Week boldly predicted the advent of the “paperless office.” It was a concept that made sense because computers were becoming commonplace for the first time, and functions such…
HOUSTON — Ziegler has arranged $76 million in bond financing for Brazos Presbyterian Homes (BPH), a nonprofit owner-operator based in Houston. The tax-exempt, draw-down bonds are supported by a three-bank syndicate comprised of Amegy Bank, Hancock Whitney and Trustmark. BPH…
NOKOMIS, Fla. — Atlas Senior Living has opened The Goldton at Venice, an independent living, assisted living and memory care community in Nokomis. The property is located near Calusa Lakes Golf Club and Mission Valley Country Club, as well as…
SALT LAKE CITY — The Ridge Senior Living has promoted Jay Fritzler to vice president of development. Fritzler joined the company as owner’s representative in 2018 and oversaw the construction of The Ridge Pinehurst, a 371-unit luxury senior living community…