FORT WAYNE, Ind. — Priority Life Care (PLC), a Fort Wayne-based operator, has promoted Mark Starks to senior vice president of operations, David Kloster to vice president of operations and Marisa Williams to senior director of sales and training. Starks is responsible for upholding the profitability and values of Priority Life Care by leading business strategy and operations. He works with the PLC leadership team to determine and develop business needs, goals and initiatives. He has over 15 years in the field and is a nurse and clinical trainer. Kloster …
BEVERLY, Mass. — Beacon Communities and Harborlight Homes have received financing to redevelop the former Briscoe School in Beverly into a mixed-use community centered around affordable housing for seniors. Located near the Atlantic Ocean approximately 15 miles north of Boston, the property will be called Beverly Village for Living and the Arts. The financing marks the first time a Massachusetts affordable housing deal has benefitted from funding from the American Rescue Plan Act (ARPA), as well as local, state and additional federal funding, according to the development team. Former classrooms …
FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, has promoted David Vega to vice president of operations analysis and compliance. Vega has been with Acts for more than 31 years, starting his career in the accounting department. He previously served as corporate director of compliance, where he led all aspects of the organization’s compliance and internal audit functions. He will continue overseeing those areas, with expanded responsibilities as the organization continues to grow and expand. Vega received his bachelor’s degree in business administration from …
SOUTH JORDAN, Utah — Stellar Senior Living has acquired Anthology of South Jordan, a 103-unit community in South Jordan, a suburb of Salt Lake City. The new owner has changed the name to Copper Creek Senior Living. The property, which opened in 2018, offers independent living, assisted living and memory care services. Copper Creek is located near retail, entertainment, recreational and healthcare destinations. Blueprint Healthcare Real Estate Advisors represented the seller, CA Ventures, in the transaction. Utah-based Stellar Senior Living is a family-owned senior living provider operating 28 senior living …
CHICAGO — Ventas Inc. (NYSE: VTR), a Chicago-based REIT and the second-largest owner of seniors housing in the United States, has promoted J. Justin Hutchens. The longtime seniors housing executive will maintain his title of executive vice president of seniors housing, but take on the additional role of chief investment officer. In his expanded role, Hutchens will be responsible for Ventas’ capital allocation strategy and execution across the enterprise in addition to his current responsibility for the company’s seniors housing portfolio. He will oversee both the seniors housing and investments …
ST. GEORGE and LINDON, Utah — 1031 Crowdfunding has acquired its first two seniors housing communities in Utah. Totaling 178 units of assisted living and memory care, the communities are located in the Provo suburb of Lindon and St. George, which is located approximately 130 miles northeast of Las Vegas. Both properties total 156,473 square feet across 5.85 acres, offer seven-year leases, and are within a four-mile radius of local hospitals. “As 1031 Crowdfunding continues to grow, we plan to move into other regions of the country,” says Edward Fernandez, …
WINTER PARK, Fla. — FK Architecture, a Winter Park-based design firm that works in seniors housing, has hired John Anderson, Linda Rodriguez and Hamilton Carias to its team. Anderson and Rodriguez joined the firm as architectural designers, while Carias is a construction administrator. Anderson has five years of experience designing commercial projects, including retail, restaurants, storage facilities and mixed-use developments. He earned his bachelor’s degree in architectural design from the University of Central Florida and his master’s degree in architecture from the School of the Art Institute of Chicago. Rodriguez …
CHICAGO and BOLINGBROOK, Ill. — Standard Communities has acquired the 145-unit Commonwealth Apartments in Chicago and 321-unit Greenleaf Apartments in Bolingbrook, both of which are affordable seniors housing communities. Standard plans to make $46 million in renovations. Standard led a public-private partnership in the acquisitions. According to Crain’s Chicago Business, Standard paid $110 million for the communities, but the total cost of the deal adds up to $192 million including renovations, fees, reserves and other expenses. Planned renovations include updated kitchens and bathrooms, new energy-efficient appliances, flooring and communal spaces …
ESCONDIDO, Calif; SAN ANTONIO; and WINSTON-SALEM, N.C. — Cushman & Wakefield has arranged $51 million in financing for Kisco Senior Living. The loan refinances debt on three Kisco properties: Cypress Court in Escondido, Villa de San Antonio in San Antonio and Heritage Woods in Winston-Salem. The properties provide independent living and assisted living services. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Sam Dylag represented the borrower in the transaction. A national bank provided the capital.
CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based owner-operator, has hired Mark Miyasaki as chief financial officer, Stephanie Pfingsten as senior vice president of resident care and Archie McAlexander as director of clinical services. Miyasaki will oversee financial operations for all Commonwealth communities and the management company. He brings over 20 years of experience in managing the financials and operations of senior living communities and real estate. He previously served as chief financial officer for Sodalis Senior Living. Pfingsten has over 21 years of experience in nursing system development and …