Author

Jeff Shaw

AcquisitionsActive AdultNewsTexas

Castle Lanterra Acquires Laurel at Vintage Park Active Adult Community in Tomball, Texas

by Jeff Shaw

TOMBALL, Texas — Castle Lanterra Active Adult, a division of Castle Lanterra, has completed its third major acquisition in the active adult asset class with the purchase of Laurel at Vintage Park in the Houston suburb of Tomball. With this most recent acquisition, the firm has accumulated over $125 million of assets in the active adult sector during 2022. Coastal Ridge sold the asset for an undisclosed price. Built in 2014, Laurel at Vintage Park is a 120-unit residential community strategically positioned next to Vintage Park, a destination for businesses, …

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FinanceNews

JLL Arranges $175M Recapitalization for Southeastern Portfolio

by Jeff Shaw

DALLAS ­— JLL Capital Markets has arranged a $175 million refinancing for a six-property seniors housing portfolio totaling 821 units across the Southeast. The portfolio offers a mix of independent living, assisted living and memory care units. Five of the properties are recently completed and the sixth, a second phase to its adjacent sister property, is currently under construction. The properties are positioned in high-growth markets with strong demographics and forecasted growth in the senior population. The communities are near major retail, entertainment, healthcare and professional centers, as well as …

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FinanceIllinoisNewsOperationsSkilled Nursing

Cambridge Provides $18.1M HUD Refinancing for Bria of Westmont in Illinois

by Jeff Shaw

WESTMONT, Ill. — Cambridge Realty Capital Cos. has provided a $18.1 million HUD Lean loan to refinance Bria of Westmont, a skilled nursing facility in Westmont, approximately 20 miles west of downtown Chicago. Andrew Erkes, Cambridge President, said Cambridge provided the fully amortized, 35-year loan to an Illinois limited liability company. Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans, underwrote the loan. Bria of Westmont is a 215-bed skilled nursing facility. It provides a range of skilled services and programs, including short-term …

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NewsPeople

Ultimate Care Assisted Living Names Amy Silva-Magalhaes Chief Operating Officer

by Jeff Shaw

RONKONKOMA, N.Y. — Ultimate Care Assisted Living Management LLC has appointed Amy Silva-Magalhaes to the position of chief operating officer. Silva-Magalhaes served as the senior vice president of community operations for a Northeast-based provider and was instrumental in leading the overall functional strategies utilizing business expertise including enterprise-wide strategic planning, execution, business alignment, leadership development, human capital, communication and the strengthening of corporate culture. In addition to her tenure in senior living, her career has included years in hospitality management at Hilton and Marriott hotels. Silva-Magalhaes holds a bachelor’s degree …

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Industry VoicesOperationsTechnology

How to Manage the ‘Tripledemic’ of COVID, Flu and RSV

by Jeff Shaw

By Sara Aristizabal, Delos Labs For over two years, people in the United States and around the world have lived under varying levels of precautionary measures to control the outbreak of COVID-19. Mandatory masking, vaccinations, social distancing and stay-at-home restrictions helped to slow the spread of the virus and prevent deaths. Inadvertently, these governmental policies also reduced respiratory infections that only a few years ago were of great concern, particularly among older adults and children, including influenza and the respiratory syncytial virus, or RSV. Recently, however, many countries have either …

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CCRCDevelopmentFinanceNewsNorth Carolina

Ziegler Arranges $95.6M Financing for The Forest at Duke in Durham, North Carolina

by Jeff Shaw

DURHAM, N.C. — Ziegler has arranged $95.6 million in bond financing for The Forest at Duke, a continuing care retirement community in Durham. The community sits on 47 acres just south of Duke University. First opened to residents in 1992, the property serves over 360 residents across 154 apartments, 81 cottages (235 total independent living units), 32 assisted living units and 58 licensed skilled nursing beds. To address the changing needs of existing and future residents, The Forest at Duke adopted a strategic plan that included two phases. Phase I, …

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Active AdultCompany NewsDevelopmentNewsPeople

Arden 55+ Living Promotes Natalie Edeburn to Director of Operations

by Jeff Shaw

CHARLOTTE, N.C. — Arden, a Charlotte-based company developing 55+ active adult living communities in the Southeast, has promoted Natalie Edeburn to the role of director of operations. In this inaugural position, she will seek to establish best-in-class methodologies to support operational performance and develop company policies and procedures. Edeburn joined Arden earlier this year with over 25 years of real estate and property management industry experience throughout the Southeast. In her new role, she will be actively involved in all aspects of the assets and oversee the entire active adult …

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DevelopmentFloridaNews

Joint Venture Plans 197-Unit Fellowship at Wildlight in Nassau County, Florida

by Jeff Shaw

YULEE, Fla. — The Fellowship Family and Ambling Property Investments have unveiled plans for Fellowship at Wildlight, a 197-unit seniors housing community within the master-planned community of Wildlight. The development is located in Yulee, between Jacksonville and the Georgia border. Fellowship at Wildlight will feature 24 memory care units, 48 assisted living units, 125 independent living units and six cottages on nearly 16 acres of land within the first phase of the Wildlight development. Sitework is slated to begin in 2023 with anticipated completion in 2025. Fellowship at Wildlight pre-leasing …

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CCRCDevelopmentFloridaNewsPeople

Convivial Life Appoints Lisa Cummins as Executive Director at The Cabana at Jensen Dunes in Florida

by Jeff Shaw

JENSEN BEACH, Fla. — Convivial Life has appointed Lisa Cummins as executive director at The Cabana at Jensen Dunes in Jensen Beach, on the Atlantic Coast in South Florida. She will oversee the daily operations of The Cabana and help guide the 22-acre campus into a future life plan community. Convivial Life’s plans include 170 new independent living residences, a new clubhouse and other support services that will complement The Cabana. Cummins brings over 23 years of experience in leading senior living organizations, including assisted living communities, life plan communities …

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AcquisitionsAssisted LivingGeorgiaNews

CBRE Arranges Sale of 85-Unit Thrive at Augusta in Georgia

by Jeff Shaw

AUGUSTA, Ga. — CBRE National Senior Housing has arranged the sale of Thrive at Augusta, a Class A assisted living and memory care community. Located in the heart of Augusta, the 85-unit community was built in 2019 and was fully occupied at the time of sale. Drake Real Estate Partners sold the asset to Inspired Healthcare Capital. While the price was not disclosed, CBRE also arranged $16.8 million in acquisition financing for the buyer. CBRE National Senior Housing’s investment sales team members Aron Will, John Sweeny Jr., Garrett Sacco and …

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