LOS ANGELES — Appetite for seniors housing remains strong despite higher operating costs, with nearly two-thirds of investors planning to increase their buying over the next 12 months, according to the CBRE U.S. Seniors Housing & Care Investor Survey.
OXNARD, Calif. — Oakmont Senior Living has announced plans for Oakmont of Riverpark, slated to open this winter in Oxnard, a coastal city approximately 70 miles west of Los Angeles.
CALIFORNIA — Blueprint has arranged the re-leasing of two California assisted living facilities totaling 232 units.
SOUTHFIELD, Mich. — Plante Moran Living Forward (PMLF), the senior living development consulting branch of Plante Moran Cresa and an affiliated entity of Plante Moran, has promoted Eric Dumont to senior vice president.
SAVANNAH, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Savannah Commons, an independent living, assisted living and memory care community in the coastal city of Savannah.
OCEANSIDE, Calif. — Protea has opened the doors on Ocean Hills, an assisted living and memory care community in Oceanside, approximately midway between Los Angeles and San Diego.
MIDDLETOWN, Pa. — Sims Mortgage Funding (SMF), a subsidiary of HJ Sims, has provided a $5.3 million HUD-insured loan for Middletown Interfaith Apartments.
ST. LOUIS — Ascension Living, a St. Louis-based operator with communities in 11 states, has promoted Ryan Endsley to chief operating officer. Endsley assumes the position previously held by Danny Stricker, who was chosen to lead Ascension’s new Post-Acute Services Division.
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based owner-operator, has promoted Kristen Dalrick from executive director of a community to the company’s regional director of operations.
KINGSPORT, Tenn., FORT MILL, S.C., and CHARLOTTESVILLE, Va. — The Blake Management Group, a Mississippi-based operator, plans to open three new communities in the Southeast in August.