RALEIGH, N.C. — NIC MAP Vision, a provider of senior housing data and analytics, has partnered with financial analytics firm Trepp to improve the seniors housing industry’s access to CMBS financial data. Through their partnership, Trepp’s data adds depth to a platform that provides demand and occupancy data for the seniors housing industry in the United States. The NIC MAP Vision platform combines supply-and-demand data, while Trepp collects and maintains standardized loan, deal and property-level financial data as part of the Securities and Exchange Commission’s commercial mortgage-backed securities (CMBS) disclosure …
CAMARILLO, Calif. — Kennedy Wilson (NYSE: KW) has signed a long-term ground lease for a 32-acre parcel in Camarillo owned by California State University Channel Islands (CSUCI) with plans to build a new residential community. The master-planned project will include 310 market-rate apartments, 109 for-sale townhomes and 170 income-restricted apartments for seniors. It will also feature community-serving amenities. The project site is adjacent to the university and at the western edge of the Santa Monica Mountains. Camarillo is about 60 miles northwest of Los Angeles. The soon-to-be-named development contributes to …
SPRING VALLEY, N.Y. — Hudson Valley Property Group (HVPG) has acquired two affordable housing communities in the New York City suburb of Spring Valley $25.8 million. The properties include the 114-unit Lakeview Village, which is reserved for seniors, and the 76-unit Highview Apartments, which is reserved for families. Affordability restrictions at the property were set to expire in 2022. With Low-Income Housing Tax Credits (LIHTC), HVPG will acquire the properties, complete renovation upgrades and keep rents affordable for the long term. All apartments will be income-restricted to tenants earning 60 …
OWENSBORO, Ky. — Trilogy Management Services and DMK Development Group have broken ground on a 115-unit seniors housing community in Owensboro, located along the Ohio River in the western portion of the state. Located on 4.7 acres of land, the new community will feature 51 independent living, 44 assisted living, and 20 memory care unit in a mixture of studio, one- and two-bedroom apartments The project will represent a total community investment of $23 million and create over 200 construction jobs, as well as 60 to 70 permanent jobs once …
KeyBank Provides $6.5M Loan for Cotton Street Commons Affordable Community in Monroe, North Carolina
MONROE, N.C. — KeyBank Community Development Lending and Investment (CDLI) has provided $6.5 million of capital for an affiliate of National Church Residences (NCR). The funds will be used to rehabilitate Cotton Street Commons an affordable senior housing property in Monroe, N.C. Cotton Street Commons is a 72-unit pet-friendly property, originally constructed in 1978, serving households with incomes between 30 percent and 60 percent of area median household income. Its 18 single-story buildings contain 64 one-bedroom and eight two-bedroom units and include accessible units. The $6.5 million construction loan, convertible …
BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has announced an expansion from long-term care into the multifamily and seniors housing sectors. To help run the new divisions, CFG has promoted Erik Howard to executive managing director of business development and marketing. During his 17-year career at CFG, Howard has been involved with the financing of more than $7 billion of healthcare and multifamily assets. With the move into seniors housing and apartments, Howard and CFG expect that amount to double in the next three years. Along with the …
PORT JEFFERSON STATION, N.Y. — Marcus & Millichap has brokered the sale of The Vistas of Port Jefferson, a 244-unit active adult community in Port Jefferson Station. Built in 2019 on 27 acres, the 30-building property is located on the North Shore of Suffolk County in Long Island. The unit mix is 36 one-bedroom flat units, 144 two-bedroom flat units, and 64 two-bedroom townhouses. The Port Jefferson Long Island Railroad station and Northwell Mather Hospital are both nearby. The asset sold for $118 million, or $483,607 per unit. Greystar acquired …
EAST HANOVER, N.J. — CHA Partners has opened LIVIA East Hanover, a 100,000 square-foot seniors housing community in East Hanover, approximately 30 miles west of Manhattan. The property features 86 beds for long-term care and 37 beds for assisted living and memory care. Construction for LIVIA East Hanover began in late 2020 CHA Partners is currently working on its second LIVIA second facility, located in nearby Totowa. That property is scheduled to open its 310,000-square-foot campus in early 2022.
GASTONIA, N.C. — After 43 years as a leading advisor to senior living communities, Gastonia-based Spectrum Consultants is rebranding as Tandem Senior Living Advisors. The new moniker is executive creative director David Caudle’s creation, meant to illustrate how the firm partners with other like-minded companies and senior living advocates The rebranding and new name come following the company’s April acquisition of Holleran Consulting, a national community engagement research and consulting firm specializing in resident and employee surveys for senior living. The Holleran name and core business will remain intact. Tandem …
Anthem Memory Care Appoints Jennifer Davidson as Executive Director of Community in Aurora, Colorado
AURORA, Colo. — Anthem Memory Care has named Jennifer Davidson as executive director for Chelsea, a memory care community in Aurora. In this capacity, she will oversee all daily care, programming and operations. Davidson was senior general manager for the Carillion at Belleview Station in Denver. She was also area director of operations for Lincoln Meadows Senior Living in Parker. Davidson brings over 20 years of senior living experience to this position. She earned a bachelor’s degree in sociology at Metropolitan State University of Denver.