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Jeff Shaw

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HDG Names Jon Dittman as Manager of Consulting Services

by Jeff Shaw

MINNEAPOLIS — Health Dimensions Group (HDG), a Minneapolis-based management and consulting organization, has promoted Jon Dittman to manager of consulting services. In his role, Dittman supports the strategy and operational aspects of several service lines delivered through HDG’s consulting practice. He serves as a consultant on client engagements and assists with market demand studies, subject-area research, demographics and other market studies and analyses. In addition, he conducts life-safety code surveys and emergency preparedness plan reviews. Prior to joining HDG, Dittman worked for more than 15 years in healthcare purchasing, capital …

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FeaturesNews

Groundbreaking Study Shows Seniors Housing Residents Live Longer Than Counterparts in Greater Community

by Jeff Shaw

DALLAS — Older adults who live in seniors housing communities live longer, receive more home health services and benefit from greater rehabilitative and preventive care in the two years following move-in than those who do not, according to new research conducted by NORC at the University of Chicago. The National Investment Center for Seniors Housing & Care (NIC), which commissioned the study, unveiled the findings Tuesday during a press briefing at the Omni Dallas Hotel, site of the 2024 NIC Spring Conference. The three-day event has attracted approximately 1,825 industry …

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DevelopmentFinanceMichiganNews

Colliers Arranges $21.6M Construction Loan for Development in Muskegon, Michigan

by Jeff Shaw

MUSKEGON, Mich. — Colliers has arranged $21.6 million in construction financing for a seniors housing project in Muskegon, located west of Grand Rapids and directly across Lake Michigan from Milwaukee. The property will feature 105 units of independent living, assisted living and skilled nursing in a combination of studio, one-bedroom and two-bedroom units.   The term of the loan is 48 months with one twelve-month extension option. Christopher Fenton and Catherine Eby of the seniors housing team of Colliers Mortgage, in conjunction with Nick Skarich and Kevin McMahon of Colliers Funding …

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AcquisitionsKansasNewsSkilled Nursing

Ensign Group Acquires 45-Bed Skilled Nursing Facility in Atchison, Kansas

by Jeff Shaw

ATCHISON, Kan. — The Ensign Group Inc. (Nasdaq: ENSG) has acquired the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility located in Atchison, located along the Missouri river approximately 45 miles northwest of Kansas City. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT Inc., Ensign’s captive real estate company. Gateway Healthcare, Ensign’s Kansas-based subsidiary, will handle operations. In a separate transaction on the same day, Ensign announced that its affiliates acquired the operations of Park Post …

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AcquisitionsAssisted LivingFloridaNews

Blueprint Negotiates Sale of 110-Unit Community in Lake Worth, Florida

by Jeff Shaw

LAKE WORTH, Fla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 110-unit assisted living and memory care community in the Palm Beach-area city of Lake Worth. The property, which was not named, was sold as a value-add opportunity despite being Class A and opened in 2019. While the community never stabilized, it did experience positive momentum in 2022 and early 2023 and was around breakeven at launch despite supply pressure in the submarket, according to Blueprint. A national developer/investor sold the asset to Capital Senior Ventures …

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AcquisitionsDelawareNewsSkilled Nursing

ESI Brokers $10M Sale of Courtland Manor in Dover, Delaware

by Jeff Shaw

DOVER, Del. — Evans Senior Investments (ESI) has arranged the sale of Courtland Manor, a skilled nursing community in Dover.  An independent owner-operator sold the asset for $10 million, or $142,857 per bed. The buyer was a New York-based owner-operator. Since its inception in 1986, Courtland Manor has been under the ownership and operation of the seller. It features 70 licensed beds and a five-star CMS rating. Courtland Manor has historically maintained high occupancy rates, boasting figures in the high 80 percent range prior to COVID-19. Despite the challenges posed …

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NewsPeople

Commonwealth Names Kristy Ruppe Craddock as Chief Sales, Marketing Officer

by Jeff Shaw

CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based operator, has named Kristy Ruppe Craddock as chief sales and marketing officer, as well as April Theus as vice president of sales. Craddock joined Commonwealth in April 2016 as regional vice president of sales and marketing. In December 2017, she was promoted to senior vice president, where she supported all of Commonwealth’s communities. During her tenure, she has increased sales performance and revenue for the organization, developed and implemented CSL-branded sales training, led the effort to enhance sales through greater search engine …

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FinanceMinnesotaNews

JLL Provides $18.7M HUD Financing for Elk River Senior Living in Minnesota

by Jeff Shaw

ELK RIVER, Minn. — JLL Capital Markets has provided $18.7 million in financing for Elk River Senior Living in Elk River, approximately 30 miles northwest of Minneapolis. The community offers independent living, assisted living and memory care services. The HUD/FHA 232/223(f) loan equates to $173,151 per unit. The community was built in 2018. The loan consolidates five debt obligations from the project’s construction into a single, HUD-insured loan. Jeff Lepley and Alex Sheaffer led the JLL team.

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NewsPeople

Merrill Gardens Names Jason Childers as Chief Operating Officer

by Jeff Shaw

SEATTLE — Merrill Gardens, a Seattle-based owner-operator, has named Jason Childers as chief operating officer. Childers brings over 20 years of experience to his new role, including the past five years as senior vice president at Merrill. Childers sets the strategy for the company’s assisted living, memory care and wellness programs as well as dining operations. He also leads the company’s acquisitions efforts and sets the strategic direction of business development initiatives. In addition, he oversees transitions of new communities into the portfolio, and he recently spearheaded the emergence of …

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Company NewsNewsPeople

John Moore Steps Down as CEO of Atria, Company Promotes Holly Belter-Chesser to Top Post

by Jeff Shaw

LOUISVILLE, Ky. — John Moore has stepped down as CEO of Atria Management Co., a Louisville-based company and the second largest operator of seniors housing in the United States with over 40,000 units. The company has appointed Holly Belter-Chesser to replace him. The move is part of a planned leadership transition process. Belter-Chesser joined Atria in 2008 and has served in key leadership roles over the past 15 years, including most recently as chief financial officer and chief administrative officer. After 25 years with the company, Moore will remain a …

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