WEST DES MOINES, Iowa — Lifespace Communities, a West Des Moines-based owner-operator, has appointed Eddie Fenoglio to the position of chief operating officer, effective Oct. 12. Fenoglio brings more than 25 years of operations leadership experience in both public and private senior living organizations. During his time with previous senior living companies, Fenoglio provided oversight for operational strategy, led turnarounds and spearheaded large-scale acquisitions of retirement communities across a broad, multi-state area. Details on his education and previous employment were not disclosed.
Lessons learned from the Global Financial Crisis can offer a blueprint for this new recovery. By Bryon Cohron, ProMatura, and Cheri Clarke Doyle, Trammell Crow Co. The social and economic impact of COVID-19 has shocked all economic sectors in a variety of ways. For seniors housing, the impact is felt on many different levels. From the news headlines about the spread of the disease in nursing homes to financial strains felt by declining occupancy and higher operations costs, seniors housing is facing its most challenging time since the industry began. …
ATLANTA — Isakson Living has opened the doors on Peachtree Hills Place, a continuing care retirement community in Atlanta’s upscale Buckhead neighborhood. The first section to open is called The Terraces, offering four levels of care — assisted living, memory care, skilled nursing and short-term rehabilitation — as well as an onsite medical team. Over 100 residents have already moved in. Built on 20 acres, Peachtree Hills Place will feature 197 units in five four-story buildings and 12 custom-built, single-family homes upon full build-out.
ROCHESTER, N.Y. — Blueprint Healthcare Real Estate Advisors has brokered the sale of two assisted living communities in Rochester. A REIT sold the communities to a regional investor in an all-cash transaction. Further details were not disclosed.
THIBODAUX, La. — Claiborne Senior Living is pleased to announce it has named LaDane Washington as executive director at The Claiborne at Thibodaux in Thibodaux, approximately 60 miles southwest of New Orleans. Washington, who will oversee the community’s strategic direction and daily operations, comes to The Claiborne with several years of experience in managing personnel, finances, marketing and operations. He previously served as operations manager at Surge Medical Transportation and as executive director at Claiborne Healthcare Center and Unity Nursing and Rehab. Washington has his master’s of business administration degree …
ROYAL PALM BEACH, Fla. — Hunt Midwest and Integral Senior Living have teamed with Pi Architects to develop The Capstone at Royal Palm, a 75,000 square-foot senior living community in the South Florida village of Royal Palm Beach. Plans call for 56 assisted living apartments and 44 memory care suites. “The Capstone at Royal Palms is the first in a series of projects with Hunt Midwest, Integral Senior Living and Pi Architects,” says Pi President Greg Hunteman.
FINDLAY, Ohio — Hunt Capital Partners, in collaboration with Pennrose and Blanchard Valley Health System (BVHS), has arranged $7.3 million in federal low-income housing tax credit (LIHTC) equity financing for construction of Eastern Woods Senior Apartments. Located on 3.7 acres in Findlay, approximately 45 miles south of Toledo, the community will offer 50 affordable housing units. Residents must be 55 or older and earn up to 30, 50 and 60 percent of the area median income. Eastern Woods Senior will be the newest addition to BVHS’ existing Eastern Woods campus, …
BLUE SPRINGS, Mo. — Arrow Senior Living has hired Katie Burrage as executive director at The Parkway Senior Living in Blue Springs, a suburb of Kansas City. Burrage joined The Parkway in May, at the height of the COVID-19 pandemic. Under her leadership, Parkway has implemented the use of mask detecting technology and thermographic cameras to prevent the spread of the virus. The community has been COVID-free since June 2020. A graduate of Lindenwood University, Burrage earned a double master’s degree in gerontology and healthcare management. She is also licensed …
CHARLESTON, S.C. — Cushman & Wakefield Senior Housing Capital Markets has arranged $37.1 million in financing of Wellmore of Daniel Island, an assisted living, memory care and skilled nursing community in Charleston. Wellmore of Daniel Island is a 186-unit, 198-bed community that opened in 2018. It is located within the Daniel Island area, near downtown Charleston and overlooking the Daniel Island Club Beresford Creek golf course. The borrower is an affiliate of Maxwell Group. The lender is Truist Financial. The Cushman & Wakefield team involved in the transaction included Richard …
PORT CHAROLOTTE, Fla. — Capital Square, a national investment sponsor specializing in tax-advantaged real estate offerings, has invested an undisclosed amount in Harbor View, an age-restricted manufactured housing community on the Peace River waterfront in Port Charlotte. “There is a scarcity of manufactured housing communities in Florida, creating an imbalance of supply and demand,” says Louis Rogers, founder and chief executive officer of Capital Square. “The community presents a value-add opportunity, with 38 vacant home sites out of 147 total home sites, and average home site rent of only $448, …