AUSTIN, Texas — Catalyst, an Austin-based marketing and advertising agency specializing in multifamily, student and senior living real estate marketing, has promoted Christy McFerren to managing director. Catalyst hired McFerren in 2014 as senior designer. During her tenure she has held several positions including creative director, strategy and operations director, and vice president. In the last six months, McFerren led the Catalyst team in repositioning the company’s brand and service offerings, recruiting an experienced sales team, securing two critical long-term partnerships in the seniors housing and multifamily space, and increasing …
ALEDO, Texas — Civitas Senior Living, a senior living management company, and Journey Capital, a seniors housing development company, have unveiled plans for Harvest Senior Living in Aledo, approximately 15 miles west of downtown Fort Worth. The 68,000-square-foot community will be situated on 7.5 acres featuring 20 independent living villas, 70 assisted living units and 20 memory care residences. Harvest of Aledo is near Walsh Ranch, a $6 billion master-planned community that will eventually add up to 50,000 residents and more than 15,000 upscale homes to the area. “The greater …
NEW YORK CITY — CIT Group Inc. (NYSE: CIT) has served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington between New Generation Health LLC and affiliates of Genesis Healthcare Inc. New Gen, a healthcare consulting firm specializing in the operation of skilled nursing facilities in the Western portion of the United States, will provide management and/or consulting services for the 19 healthcare facilities. Affiliates of Genesis will continue to provide certain administrative, back-office and therapy services to the facilities. …
BOUNTIFUL, Utah — CareTrust REIT Inc. (NASDAQ:CTRE) has acquired Barton Creek Senior Living, a 62-unit assisted living facility located on the campus of Lake View Hospital in Bountiful, a suburb of Salt Lake City. The acquisition price of the off-market transaction was not disclosed. The Barton Creek facility has been added to CareTrust’s existing master lease with seniors housing operator Bayshire LLC. For the seller, the nonprofit South Davis Community Hospital Campus, the sale was part of a strategic decision to focus on its adjacent higher-acuity operations. The property will …
FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, has added William Reynolds and Michael Kelly to its board of directors. The Acts Board represents a diverse group of volunteer members who serve without compensation. Reynolds is a resident of The Evergreens, an Acts community in Moorestown, New Jersey. He served as a teacher and administrator in public and private schools and at the University of Pennsylvania. Later he had a more than 20-year career as founder and senior partner in Reynolds & Schaeffer Associates …
BETHESDA, Md. — CBRE has hired Joshua Hausfeld as a debt and structured finance professional within the company’s national seniors housing practice. Hausfeld will be an executive vice president based in CBRE’s Bethesda office, specializing in agency loans for healthcare and seniors housing properties, including independent living, assisted living, memory care and skilled nursing facilities. Hausfeld will lead CBRE’s HUD 232 origination efforts nationally, and partner with CBRE National Senior Housing professionals Aron Will, Austin Sacco and Lisa Widmier. Prior to joining CBRE, Hausfeld was a managing director at SunTrust …
COLUMBIA, S.C. — Discovery Senior Living has opened the doors on Discovery Village At Sandhill in Columbia. The community features 187 independent living units in one-, two- and three-bedroom floor plans.
MANALAPAN, N.J. — Hackensack Meridian Health has opened the doors on The Villas in Manalapan. The company is marketing the property to Staten Island residents looking to downsize. The property spans 100,000 square feet on seven acres and offers independent living, assisted living, memory care and skilled nursing. The number of units was not disclosed. Independent living residences are available as one- or two-bedroom, and studio apartments, with monthly rates starting at $4,950.
JACKSONVILLE, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Summer Brook Health Care Center, a 120-bed skilled nursing facility in Jacksonville. A longtime private owner-operator sold the community for $12.6 million. The buyer was a partnership between a private ownership group and a regional operator. The price translates to approximately $105,000 per bed. Originally built in 1967, Summer Brook is located in the heart of Jacksonville. A strong historical performer, according to Blueprint, Summer Brook EBITDAR was trending even higher during the sale process. Trent Gherardini …
LUBBOCK, Texas, and HUNTSVILLE, Ala. — Walker & Dunlop has structured $13.1 million in financing for Crown Point Health Suites, a skilled nursing facility in Lubbock, and $33.6 million in financing for Regency Retirement Village of Huntsville, a continuing care retirement community (CCRC) in Huntsville. Built in 2011, Crown Point Health Suites is a 96-unit, Class A+ facility in West Texas. Regency Retirement Village of Huntsville is a 312-unit CCRC built in 1980, with a skilled nursing expansion completed in 2016. The two transactions were both refinancings through HUD’s 232/233(f) …