Author

Jeff Shaw

FinanceFrom The Magazine

Capital Markets Panel Sees Light at the End of the Tunnel for Borrowers, But Challenges Persist

by Jeff Shaw

By Matt Valley The seniors housing industry is still reeling from the “triple whammy” that began with a deadly pandemic in early 2020, making 2024 a pivotal year for borrowers and lenders, says Ari Adlerstein, senior managing director with Meridian Capital Group. “We had COVID, then we had labor shortages, and now we have high interest rates. Folks that I’ve been doing business with for 13 years in my career who are really good operators and who run a great shop with tons of assets and lots of cash flow …

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ArkansasDevelopmentNews

HDG Opens First Senior Living Community in Maumelle, Arkansas

by Jeff Shaw

MAUMELLE, Ark. — Health Dimensions Group (HDG) has opened Mira at Maumelle, which the developer claims is the first senior living community in the Little Rock suburb of Maumelle. Mira at Maumelle provides independent living, assisted living and memory care services. The number of units was not disclosed. HDG now manages the property, bringing its portfolio to 48 communities in eight states.

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DevelopmentNew JerseyNews

Live Well Senior Cottages Plans Two Communities in New Jersey

by Jeff Shaw

VINELAND and WINSLOW, N.J. — Live Well Senior Cottages, a New Jersey-based seniors housing development firm, has received governmental approval for two seniors housing development projects in Vineland and Winslow. The two municipalities are located approximately 15 miles away from each other, both in South Jersey about midway between Philadelphia and the Atlantic Coast. Project partners include ARH Associates Inc. and Key Engineers. Distinctive Living will be the operating partner in the venture with overall responsibility for management and marketing. Live Well communities will target middle-income seniors. The company plans …

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AcquisitionsAssisted LivingFloridaNews

Sherman & Roylance Brokers Sale of 42-Unit Community in Northwestern Florida

by Jeff Shaw

FLORIDA — Sherman & Roylance has arranged the sale of a 42-unit, 64-bed assisted living and memory care community in Northwestern Florida. CareTrust REIT sold the asset to a local owner-operator for an undisclosed price. The community was built in 1997 and was 87 percent occupied at the time of sale. Jack Osteen, Shep Roylance, and John Sherman of Sherman & Roylance led the transaction.

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NewsPeople

Perkins Eastman Adds John Shoesmith to Senior Living Team

by Jeff Shaw

SEATTLE — Design firm Perkins Eastman has hired John Shoesmith as principal in the company’s Seattle studio as part of the firm’s international senior living practice.  With more than 30 years of experience, Shoesmith’s work involves the full continuum of senior living, including active adult, life plan communities, assisted living, long-term care environments and intentional intergenerational communities.

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Affordable HousingCaliforniaDevelopmentNews

TCA Architects, Mercy Housing Complete Burbank Boulevard Senior Housing in Los Angeles

by Jeff Shaw

LOS ANGELES — California-based TCA Architects and Mercy Housing California have completed Burbank Boulevard Senior Housing, a permanent supportive housing development for seniors age 55 and older in Los Angeles’ Sherman Oaks neighborhood. Permanent supportive housing is a housing model that combines low-barrier affordable housing, healthcare and supportive services to help residents lead more stable lives, according to TCA Architects and Mercy Housing. Situated on three acres, Burbank Boulevard Senior Housing features 55 studio and one-bedroom units that accommodate single senior occupants. Each apartment features individual kitchens and bathing facilities. …

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Company NewsNews

Grow Your Occupancy Promotes Dani Merlino to COO

by Jeff Shaw

BRENTWOOD, Tenn. — Grow Your Occupancy, a Brentwood-based senior living services firm, has promoted Danielle Merlino to chief operating officer. Merlino served previously as vice president of strategic development. Merlino’s 20 years in the senior living industry spans operations, sales and marketing roles from community relations director to vice president of sales and operations. She has spent time at Jaybird Senior Living, Five Star Senior Living, Provision Living, Peterson Health Care and Lutheran Life Communities. Merlino will continue to be a visible member of the Grow Your Occupancy team at …

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ColoradoDevelopmentNews

Cogir, Ryan Cos. Complete 137-Unit ACOYA Cherry Creek in Denver

by Jeff Shaw

DENVER — Cogir Senior Living and Ryan Cos. US Inc. have opened ACOYA Cherry Creek, a 137-unit independent living and assisted living community in Denver. “The demand for seniors housing is far from peaking and this includes the Denver market,” says Julie Ferguson, executive vice president of senior living, Ryan Cos. The property is located in the Cherry Creek neighborhood near locally owned boutiques, restaurants, and art galleries, less than five miles from downtown Denver. Cogir Senior Living develops, owns and/or operates 60 lifestyle communities throughout the United States. The …

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Company NewsInvestmentNews

American Healthcare REIT Plans Initial Public Offering

by Jeff Shaw

IRVINE, Calif. — American Healthcare REIT Inc., a formerly private REIT focusing primarily on medical office buildings, seniors housing, skilled nursing facilities, hospitals and other healthcare-related facilities, has announced plans for its public offering of 56 million shares of its common stock. The initial public offering price is expected to be between $12 and $15 per share. The company’s common stock has been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol AHR. Irvine-based AHR intends to use the net proceeds …

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Brokers Sale of 157-Unit Community in Columbus, Ohio

by Jeff Shaw

COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in Columbus. The property faced challenges with occupancy and escalating staffing expenditures, which is why the owner sought a sale, according to Blueprint The community, which opened 2001, comprises 125 licensed skilled nursing beds and 32 seniors housing units. The buyer was an owner-operator with an established Ohio healthcare enterprise that sought to expand its footprint in the Columbus MSA and capitalize on the recent Ohio Medicaid reimbursement rate enhancements for both skilled …

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