Author

Jeff Shaw

AcquisitionsMemory CareNewsOregon

SLIB Brokers Sale of 37-Unit Countryside Living Memory Care Community in Canby, Oregon

by Jeff Shaw

CANBY, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Countryside Living, a memory care community in Canby, approximately 21 miles south of Portland. The asset features 37 units and 55 beds. The community was originally built in 1959; gutted, remodeled and expanded in 2007; and had its most recent renovations and expansion in 2011. The facility is approximately 21,746 square feet and is situated on approximately 0.78 acres of land. The seller was a local owner that has multiple different business interests. The buyer is an …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

Brookdale Senior Living Names Kevin Bowman as Executive Vice President of Community Operations

by Jeff Shaw

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has promoted Kevin Bowman to executive vice president of community operations. Bowman joined Nashville-based owner-operator Brookdale in 2016 as regional vice president. Soon after, he was promoted to senior regional vice president, serving multiple states and leading eight district teams. Bowman became West Division vice president in April 2020 and has been leading the division through the COVID-19 pandemic. Bowman has brings 30 years of senior living experience to this position, where he will provide strategic direction for Brookdale’s 682 communities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentIllinoisNews

McShane to Build 131-Unit Woodlands at Canterfield in West Dundee, Illinois

by Jeff Shaw

WEST DUNDEE, Ill. — McShane Construction Co. has been selected by Westbrook at Canterfield, LLC to build Woodlands at Canterfield in West Dundee, approximately 40 miles northwest of downtown Chicago. The development will offer 91 assisted living units and 40 memory care beds, along with 16,000 square feet of amenity space and 92 parking spaces. It is located on a nine-acre site. Completion of Woodlands at Canterfield is scheduled for April 2023. AG Architecture is the architect and RDG Planning and Design is the interior designer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsOperations

Eclipse Senior Living to Cease Operations in 2022 as Ventas Moves 90 Communities to Other Managers

by Jeff Shaw

CHICAGO and LAKE OSWEGO, Ore. — Eclipse Senior Living has announced plans to cease operations in early 2022 as its main landlord, Chicago-based Ventas, moves its 90 Eclipse-managed communities to other operators. Ventas cited a desire to move to more regional, middle-market operators with local expertise. The 20-state portfolio will be managed by eight different operators moving forward. “The transitions are designed to execute on the company’s seniors housing strategy that matches the right asset with the right market and the right operator,” a press release from Ventas stated. “The …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaMassachusettsNews

Anthology Plans Three Communities in Florida, Massachusetts

by Jeff Shaw

DENVER — Anthology Senior Living, a senior living owner, developer and operator based in Denver, has partnered with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, and Peninsula Investments Group, a private equity firm, to develop three new senior living communities in Boynton Beach, Florida; Millis, Massachusetts; and Natick, Massachusetts that include a total of 321 units. Anthology of Boynton Beach, located on 5.3 acres in Boynton Beach, will offer 130 apartments with assisted living and memory care options. Anthology of Millis, situated …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceIllinoisNews

Live Oak Bank Provides $8.4M Construction Financing for Hotel Conversion in Wadsworth, Illinois

by Jeff Shaw

WADSWORTH, Ill. — Live Oak Bank has provided a $5 million SBA 7a construction loan with a $3.4 million conventional pari-passu loan for Lotus Senior Living. The funds will be used for the conversion of an existing hotel into a 74-unit assisted living and memory care facility. Located in Wadsworth near the Wisconsin border, and originally built in 1999 as an extended stay hotel, the three-story building consists of 60,066 square feet situated on 1.4 acres overlooking a golf course. Ashbury Healthcare, a regional operator with a current portfolio of …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsPeople

Bellwether Enterprise Hires Seniors Housing Veteran Kim Huffstutler

by Jeff Shaw

NEW YORK CITY — Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., has hired Kim Huffstutler as senior vice president of seniors housing and care. Huffstutler will be responsible for executing debt and equity placements for the New York-based company’s National Seniors Housing Group, including bank and debt fund executions, Fannie Mae, Freddie Mac, Life Insurance and HUD loans. She will be based in the Mobile, Alabama, office. Huffstutler brings 12 years of commercial mortgage banking experience. Before joining Bellwether …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsTexas

Ryan Cos., Grand Living Management Start Construction of Grand Living at Tuscan Lakes in League City, Texas

by Jeff Shaw

LEAGUE CITY, Texas — Ryan Cos., Grand Living Management and Bow River Capital have formed a joint venture for construction of Grand Living at Tuscan Lakes in League City. The 186-unit, luxury senior living community will be part of Tuscan Lakes, a Johnson Development master-planned community located in the southeast area of greater Houston. The 75 and older demographic is expected to grow 26.6%, more than triple the total population growth in the area between 2019 and 2024, according to Moore Diversified Services. “Grand Living at Tuscan Lakes will be …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNews

Acts Begins $13M Expansion at Indian River Estates in Vero Beach, Florida

by Jeff Shaw

VERO BEACH, Fla. — Acts Retirement-Life Communities has started the $13 million expansion at Indian River Estates, a 100-acre seniors housing community in Vero Beach. The project will add 16 new units to the community, with most already pre-leased. Proctor Construction is the general contractor for the new units, which range from 2,662 to 2,873 square feet. The project is scheduled for completion in 2022.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNews

Homestead Cos. Launches Homestead Living, Bringing All Operations Divisions Under One Umbrella

by Jeff Shaw

COLUMBUS, Ohio —Homestead Cos. has launched Homestead Living, bringing its multifamily, student housing and seniors housing divisions under one company umbrella. Homestead Living will encompass the in-house management team that oversees the day-to-day operations and performance of student housing company Homestead U (HU), multifamily company Homestead America (HA) and the newest venture of active 55+ Homestead Senior Living (HSL). The company is based in Columbus. Laura Formica, former vice president of operations who led the student housing division for five years from 2012 to 2017 and rejoined the company as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts