Author

Jeff Shaw

Active AdultDevelopmentNewsTexas

Avenida, Artemis Plan 203-Unit Active Adult Community in Carrollton, Texas

by Jeff Shaw

CARROLLTON, Texas — Avenida Partners and Artemis Real Estate Partners have unveiled plans for Avenida Carrollton, an active adult community in the Dallas suburb of Carrollton. The community will feature 155 market-rate apartments consisting of one- and two-bedroom floorplans, as well as 48 duplex and triplex cottages. Avenida Carrollton will be located on 10 acres, with over 35,000 square feet of interior and exterior amenities. Apartment floorplans will range from 686 square feet to 1,285 square feet; with duplex and triplex cottages ranging from 1,360 square feet to 1,490 square …

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Assisted LivingCaliforniaDevelopmentNews

Clearwater Living Nears Completion of 117-Unit Community in Glendora, California

by Jeff Shaw

GLENDORA, Calif. — Clearwater Living has opened the sales office at Clearwater at Glendora, a 117-unit assisted living and memory support community in Glendora, approximately 25 miles east of Los Angeles. Construction on Clearwater at Glendora began in spring of 2021. The two-story, 117,000-square-foot property is being built on nearly three acres. When it is completed later this year, the community will feature 88 assisted living and 29 memory care apartments with studio, companion, one-bedroom and two-bedroom layouts.

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AcquisitionsMissouriNewsSkilled Nursing

Blueprint Brokers Sale of Two Skilled Nursing Facilities in Metro Kansas City

by Jeff Shaw

HARRISONVILLE and LEXINGTON, Mo. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Meadow View of Harrisonville Health & Rehabilitation and Riverbend Heights Health & Rehabilitation. The two skilled nursing facilities are located in the Kansas City suburbs of Harrisonville and Lexington, respectively. The portfolio totals 280 licensed beds. Both assets were built in the 1970s. Following a tenant transition in 2018 facilitated by Blueprint for the REIT owner, specific targeted capital improvement projects were completed, and operational performance improved as a result. With the improved census and …

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AcquisitionsActive AdultNews

CBRE Arranges Sale of Three-Property Active Adult Portfolio in the Midwest

by Jeff Shaw

HOUSTON — CBRE National Senior Housing, a Houston-based broker and financial intermediary, has arranged the sale of a three-community active adult portfolio in the Midwest. The portfolio consists of nearly 300 units across three cities in the Midwest. Further details on the assets were not disclosed. John Sweeny Jr., Aron Will, Austin Sacco, Garrett Sacco and Scott Bray represented the seller, an active adult developer, owner and operator.

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Industry VoicesLegal Issues

New Jersey Tightens Workplace Vaccine Requirements for Healthcare, High-Risk Congregate Settings

by Jeff Shaw

By Heather Boshak, partner, Fox Rothschild LLP In January 2022, New Jersey announced new, stricter COVID-19 regulations that will require employees in healthcare facilities to be vaccinated and boosted and will effectively eliminate the testing option. Also covered under the new rules are workers in a range of congregate settings, such as prisons and group homes. As the number of new coronavirus cases and hospitalizations declined, we have seen states, cities and private employers easing vaccination and coronavirus mitigation requirements. The exceptions to that trend are the healthcare field, including …

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AcquisitionsCCRCNewsSouth Carolina

Blueprint Negotiates Sale of 222-Unit Easley Place CCRC in South Carolina

by Jeff Shaw

EASLEY, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Easley Place, a continuing care retirement community (CCRC) in Easley. Easley Place, a 222-unit campus offering independent living, assisted living and skilled nursing services, is located in the Greenville-Spartanburg metro area and was built in 1985. The seller was a West Coast-based owner-operator seeking to divest of a non-core asset. The company acquired the asset in 2019, but the turnaround plan was negatively impacted by COVID. Elevation Financial Group bought the property for an undisclosed price and …

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Assisted LivingDevelopmentNewsVirginia

Watercrest Nears Completion of 98-Unit Community in Richmond, Virginia

by Jeff Shaw

RICHMOND, Va. — Watercrest Senior Living Group has opened the sales office at Watercrest Richmond, a 98-unit senior living development in Richmond. Watercrest Richmond will feature 76 assisted living and 22 memory care. This is the first senior living development project partnered between Watercrest and Harbert Seniors Housing Fund II. Construction began in January 2021. An opening date was not released.

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AcquisitionsAffordable HousingNewsPennsylvania

CPP Buys 13-Story Methodist Towers Affordable Community in Erie, Pennsylvania

by Jeff Shaw

ERIE, Pa. — Community Preservation Partners (CPP), a mission-driven affordable housing developer, has acquired Methodist Towers, a high-rise affordable seniors housing community in Erie. The 13-floor complex comprises 138 units, 57 of which receive subsidy under a Section 8 Housing Assistance Payments (HAP) contract. CPP plans to implement a tenant in-place rehabilitation with minimal displacement for residents. CPP received an issuance of tax-exempt bonds and Low-Income Housing Tax Credits (LIHTCs) from the Pennsylvania Housing Finance Agency (PHFA), with construction and permanent loans from Citibank as well as equity raised from …

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AcquisitionsIndependent LivingNewsUtah

SLIB Brokers Sale of 82-Unit Williamsburg Community in Logan, Utah

by Jeff Shaw

LOGAN, Utah — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Williamsburg, an 82-unit independent living and assisted living community in Logan. Located in the northern portion of Utah near the Idaho border, the facility was built in 1981 and renovated in 2015. It totals approximately 62,953 square feet and is situated on approximately 1.8 acres of land. The seller was a regional owner-operator based in Utah. The buyer is a California-based private owner looking to expand its portfolio of independent living communities. As such, the new owner …

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KansasNewsOperationsPeople

Lifespace Hires Rob Salierno as Executive Director of Claridge in Prairie Village, Kansas

by Jeff Shaw

PRAIRIE VILLAGE, Kan. — Lifespace Communities has appointed Rob Salierno as executive director of Claridge Court, a community in Prairie Village, a suburb of Kansas City. Salierno previously served as executive director of Claridge Court for five years from 2011 to 2016. He began his career at Claridge Court at age 17 as a dining room server, then as lead server, dining room manager, and food and beverage manager. He eventually earned his administrator’s license and served in that capacity at another Lifespace community before returning to Claridge Court as …

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