LAGUNA NIGUEL, Calif. — Tucson-based Watermark Retirement Communities and Alliance Residential Company have opened the leasing office at Watermark Laguna Niguel. The assisted living and memory care community is scheduled to open this summer.
CHICAGO — Ventas Inc. (NYSE: VTR) has announced that it intends to take ownership of the collateral that supports its approximately $486 million mezzanine loan to Santerre Health Investors. The Santerre mezzanine loan is secured by equity interests in entities that collectively own a diverse pool of medical office buildings, seniors housing communities, triple-net leased skilled nursing facilities and hospital assets in the United States. Ventas expects to take ownership of the Santerre portfolio through a “loan to own” structure that converts the outstanding principal amount of the Santerre loan …
DALLAS — Sonida Senior Living (NYSE: SNDA), a Dallas-based owner-operator, saw stock prices plummet Thursday, March 30, as its fourth-quarter 2022 earnings press release warned that the company may be on its way to failure. “Due to the current inflationary environment, elevated interest rates and continued impact of COVID-19 on our financial position, as well as our upcoming debt maturities, our management concluded as of Dec. 31, 2022 there is substantial doubt about our ability to continue as a going concern,” the press release reads. “While the company’s plans are …
HERNDON, Va. — Brightview Senior Living has opened Dulles Corner in Herndon, a Washington, D.C. suburb near Dulles International Airport. Dulles Corner offers 196 units of independent living, assisted living and memory care. The development marks Brightview’s 46th community and its third in Fairfax County. “Brightview Dulles Corner follows a new trend to embed senior living into the greater community,” says Doug Dollenberg, president and CEO of Brightview. “Innovation Center Station is a $1 billion investment with the intent to offer a thoughtful live, work and play neighborhood in a …
CORAL GABLES, Fla. — Watermark Retirement Communities and ZOM Senior Living have opened The Watermark at Coral Gables, a 198-unit seniors housing community in the Miami suburb of Coral Gables. The community offers independent living, assisted living and memory care in studio, one-bedroom and two-bedroom options. It is part of Watermark’s Élan Collection of high-end seniors housing properties. The Watermark at Coral Gables spans over 256,000 square feet, including 50,000 square feet of amenities. It boasts the only rooftop pool at a senior living community in Coral Gables, according to …
SHAWNEE, Okla. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 31,000-square foot memory care property in Shawnee, a suburb of Oklahoma City. A limited liability company sold the asset to another limited liability company for an undisclosed price. Rod Llanos, a first vice president in Marcus & Millichap’s Houston office specializing in investment sales of seniors housing properties, had the exclusive listing to market the property on behalf of the seller. Steve Greer, Marcus & Millichap’s broker of record in Oklahoma, assisted in closing the …
CHANTILLY, Va. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Arbor Terrace Fairfax, a 48-unit memory care community in Chantilly, approximately 25 miles west of Washington, D.C. The seller was Capitol Seniors Housing (CSH), which developed the community in 2017 alongside operator The Arbor Company. The community leased up in record time, reaching 93 percent occupancy within eight months of opening its doors, according to Blueprint. It also maintained profitability during the COVID-19 lockdowns. Upon fully restabilizing in first-quarter 2022, CSH sought to collect on its successful …
CHARLOTTE, N.C. — Crescent Communities plans to break ground Wednesday on The River District, a master-planned community on Charlotte’s west side. The development will span 1,400 acres between the Catawba River and Charlotte Douglas International Airport, including 500 acres of preserved land. Upon completion, The River District will feature 5,000 residences (single-family homes and apartments), 8 million square feet of commercial space, hotels and seniors housing apartments. Crescent expects the development to generate more than $5.6 billion of gross annual economic impact for the region and state. “The River District’s …
FLORIDA and OHIO — Blueprint Healthcare Real Estate Advisors has brokered a three-property seniors housing portfolio totaling 179 units in Florida and Ohio. An institutional owner sold the assets to three separate buyers. Further details were not disclosed.
GLENVIEW, Ill. — Anthem Memory Care has named Fran DeJulius-Rybarski executive director for Emerald Place in Glenview. Rybarski previously was executive director of The Auberge at Orchard Park in Morton Grove, Illinois. She has also served as executive director for Green Oaks Senior Living in Libertyville, Illinois.