VERO BEACH, Fla. — Harbor Retirement Associates (HRA), a Vero Beach-based owner-operator, has hired Karin Bateman as its new chief operating officer. With 30 years of operating, management, and development experience in the seniors housing industry, Bateman will manage the operations of 37 HarborChase-branded communities in 14 states, with additional communities in the planning stages. Prior to joining HRA, Bateman served in executive director, director of sales and marketing, and operations roles. Most recently, she served as senior vice president of Operations for Senior Lifestyle Corp. for 10 years. During …
BOSTON — TD Bank has provided $22 million in construction financing to redevelop William Barton Rogers (WBR) Middle School in the Hyde Park neighborhood of Boston into 74 units of mixed-income seniors housing, with a focus on LGBTQ seniors. The WBR school is a historic and social landmark in Hyde Park, serving and educating the Hyde Park community for over a century. The building will be preserved and adapted for this new project, which will include the protection of the historic exterior facade as well as significant interior architectural elements …
SAN FRANCISCO — BRIDGE Housing has received a $19.4 million refinancing for Magnolia Plaza Senior Apartments, a 125-unit affordable seniors housing community in San Francisco. CPC Mortgage Co. provided the Freddie Mac Targeted Affordable Housing loan. Built in 1988, the property is age restricted to seniors age 62 and over. While there is a current requirement that 63 units be restricted to residents with incomes at or below 80 percent of area median income (AMI), BRIDGE has restricted 84 of the units and plans to increase this number going forward. …
SANTA ROSA, Calif. — Spellman Brady & Co. has completed the interior renovation of Arbol Residences, a seniors housing community in Santa Rosa. Spellman Brady’s scope of work included space planning, selection of interior finishes, furniture, and artwork for the common areas and amenities of the community’s assisted living building, as well as interior finishes for resident apartments. Spellman Brady partnered with developer LCS Development, architects Tactic Studios and contractor BNBuilders. Arbol Residences of Santa Rosa Village is a continuing care retirement community in the Sonoma area that offers a …
CATONSVILLE, Md. — Marquis Health Consulting Services has completed a $5 million renovation project at Meadow Park Rehabilitation & Healthcare Center, a 120-bed skilled nursing facility in the Baltimore suburb of Catonsville. The renovation featured upgrades throughout the Meadow Park building, including fixtures and furnishings; wood flooring; and wide, bright hallways. The work also centered on an expansion of the rehab therapy gym and the incorporation of an activities of daily living (ADL) suite. During the renovation process, Meadow Park also enhanced its specialty care programming in partnership with regional …
FEDERAL WAY, Wash. — JLL Capital Markets has arranged a $29.6 million refinancing for Mirror Lake Village, a Class A seniors housing community situated on three acres at 3100 9th Place in SW in Federal Way. Mirror Lake Village features 30 assisted living units, 66 memory care units and 18 independent living cottages averaging 378 square feet. The community also features an outdoor courtyard with covered patio, common dining room, commercial kitchen, hair salon, theater, library and exercise room. Alanna Ellis of JLL Capital Markets represented the borrower, Mirror Lake …
OHIO, MICHIGAN and WISCONSIN — Lument has provided $87 million in HUD 232/223(f) loans for the refinancing of a portfolio of nine skilled nursing facilities located in Ohio, Michigan and Wisconsin. The properties total 691 beds. The operator, Atrium Centers Inc., provides short-term, post-acute rehabilitation and long-term nursing care. Each of the nine loans features a fixed interest rate. HUD 232/223(f) loans allow for the purchase or refinancing of nursing homes and assisted living facilities.
WILMINGTON, Del. — Life Care Services has hired Leslie Johnson as executive director at Foulk Living, a seniors housing community in Wilmington. Johnson has worked in senior living for 13 years. Having majored in dietetics in, she started her career as a dietitian in a large healthcare system. Her field of study had appealed to her because of the role that nutrition plays in disease management and prevention and, by extension, quality of life. Johnson has served as a healthcare administrator at several different sites.
By Connie Wittich, founding principal, Metropolitan Studio Traditionally in the senior living space, we’ve seen the repetition of the same design style. Older, mature, gray and beige hues that complement what we think the older generation may enjoy — a space that matches the maturity of the intended target generation, including the baby boomers. While understanding your audience is important and there is a time and a place to use this design style, it’s crucial to dig deeper psychologically and understand the 55-plus mind. Everyone wants to be younger. …
WINCHESTER, Va. — Ziegler has arranged $71 million in bond financing for Shenandoah Valley Westminster-Canterbury (SVWC), a continuing care retirement community (CCRC) in Winchester, approximately 75 miles west of Washington, D.C. SVWC was founded in 1982 and provides housing, healthcare and other services to nearly 400 residents on its 87-acre campus through the operation of 218 independent living units (164 apartments and 54 cottages), 48 assisted living units, 12 memory care units and 51 skilled nursing beds. SVWC is completing an independent living unit expansion project known as the Hackwoods, …