BEAUMONT, Texas — Buckner Retirement Services has named David Ummel as the new executive director of Calder Woods, a seniors housing community in Beaumont. Ummel joins Buckner Retirement Services, the operator of Calder Woods, after 13 years working for Buckner Children and Family Services and Buckner church/ministry engagement. This position marks Ummel’s first job in the senior living industry. Calder Woods’ previous executive director, Shane Gabis, stepped down in June 2021 to attend to family matters. Ummel’s roles with Buckner Children and Family Services also included senior executive director for …
BOCA RATON, Fla. — DigitalBridge (NYSE: DBRG) has agreed to sell its entire wellness portfolio, consisting of 300 seniors housing, skilled nursing, medical office and hospital properties, in a deal valued at $3.2 billion. The buyers are Highgate Capital Investments and Aurora Health Network. Before announcing its rebrand to DigitalBridge in June, the Boca Raton-based real estate investment trust (REIT) was formerly known as Colony Capital. The sale is the final step of the company’s conversion of its portfolio to all digital infrastructure properties, such as cell towers and data …
ATLANTA — Seniors housing operators have been grappling the past 18 months with how to maintain their properties and keep occupancy high while also protecting their staff and residents, who are the most vulnerable population for infections and death from the COVID-19 outbreak. With the rise of the Delta variant in recent weeks, owners and operators are having to make tough decisions to care for their residents, although now they have built some muscle memory on how to operate effectively amid the pandemic. “We are better at dealing with COVID-19 …
PORTLAND, Ore. — Ziegler has arranged $154.6 million in bond financing for Terwilliger Plaza, a continuing care retirement community in Portland. The Hospital Facilities Authority of Multnomah County, Oregon, issued the bonds, which will fund an expansion project. Terwilliger Plaza, incorporated in 1958, currently features 246 independent living apartments, 43 assisted living apartments and 22 residential care beds. The independent living apartments are located in two buildings: a 12-story apartment building known as The Tower, and a ten-story apartment building known as The Heights. The Tower is adjacent to a …
INDIANAPOLIS — TWG has opened Line Lofts Apartments, a new affordable senior living development on the eastside of Indianapolis. The property features 63 two-bedroom units. One-fifth of the units are designed and reserved for seniors with visual impairments, as part of a partnership between TWG and local nonprofit Visually Impaired Preschool Services (VIPS), which provides ongoing early intervention services to Indiana’s children with blindness/low vision. As part of the partnership, the $11 million property will include specific features that will aid visually impaired residents, including oversized elevator buttons, tactile markings …
TAMPA, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Legacy at Highwoods Preserve, and 82-unit assisted living and memory care community in Tampa. The community was developed by the seller in 2015 and operated by its affiliate operating company. This asset was an operational outlier for the company, representing its last asset in the Southeast The buyer was Alta Senior Living, which is strategically growing its operating presence in Florida. The price was not disclosed. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.
BIRMINGHAM, Ala. — Atlas Senior Living’s principals have announced the formation of affiliate company, Salta Capital. Salta Capital will differentiate itself from Atlas’ day-to-day, community-level operations by focusing on capitalizing, finance and asset management with current and future Atlas-associated real estate holdings. In addition, Salta will pursue opportunities where it is strategic and beneficial for the communities, such as consumption of supply chains. Layne Held, former senior vice president of ServisFirst Bank, in conjunction with Atlas’ founders Scott Goldberg and Wyman Hamilton, will lead Salta. As a strategic shift, this …
TALLAHASSEE, Fla. — LeadingAge Florida, a Tallahassee-based branch of the nonprofit industry organization, has elected Bruce Jones as its new board chair during the association’s convention in Orlando. Jones is the CEO of Vicar’s Landing in Ponte Vedra Beach. In addition to serving in multiple leadership roles for the association, he also serves on the board of directors of the St. John’s County Council on Aging and is chair-elect of the Brooks College of Health Dean’s Council at the University of North Florida. He is a fellow of both the …
FOLSOM, Calif. — Revel Communities, a division of The Wolff Company representing a portfolio of independent living communities, has launched pre-leasing at its newest community, Revel Folsom. Expected to open spring 2022, Revel Folsom is the latest expansion for Revel across the Western U.S. and will join Revel Palm Desert and Revel Lodi as the brand’s third independent living community in California in two years. Located 35 miles outside of Sacramento, Revel Folsom will feature views of the foothills of the Sierra Nevada Mountains. The size and number of units …
WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based real estate investment trust that primarily invests in seniors housing and health care properties, has unveiled plans to transfer 11 skilled nursing facilities in Texas to a new operator. The United States Bankruptcy Court for the Northern District of Texas Dallas Division approved a settlement agreement between current operators Senior Care Centers LLC and Abri Health Services LLC, which have declared bankruptcy, and LTC. Under the agreement, LTC will pay the bankrupt entities $3.3 million in order to …