FORT WAYNE, Ind. — Ziegler, as exclusive financial advisor to Marquee Capital (formerly Berengaria Development), has arranged the sale of BrightStar Senior Living Fort Wayne. The community offers 41 units of assisted living and memory care in Fort Wayne. Marquee Capital developed the property, which BrightStar Senior Living has operated since it opened in 2018. The 3.25-acre asset is located in the Pine Valley neighborhood, eight miles north of downtown Fort Wayne. Lutheran Life Villages (LLV) purchased the property and took over operations. LLV is a local, faith-based, nonprofit organization …
SAN ANTONIO — JLL Capital Markets has arranged the sale of Franklin Park Alamo Heights, a seniors housing community in San Antonio. The transaction involves Artemis Real Estate Partners taking over as equity partner from Harrison Street, while retaining Franklin Park as part owner in the joint venture. JLL also placed the acquisition financing with a Freddie Mac loan for the buyer. Neither the price nor the amount of the financing were disclosed. Franklin Park Alamo Heights features 117 independent living units, 64 assisted living units and 40 memory care …
AURORA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Renew Saddle Rock Memory Care in Aurora, approximately 20 miles southeast of Denver. The asset features 40 units and 52 beds and was built in 2015. The property totals 38,585 square feet on approximately 4.7 acres of land. The seller was an out-of-state private equity group with a third-party operator divesting the asset to exit the senior living space. The buyer was an experienced Denver-based owner-operator looking to grow its portfolio. The price was not disclosed. Vince …
CHICAGO — JLL announced has hired Anthony Marten as a principal and healthcare division sales lead for its solutions development team. In this new role, he is responsible for developing sales strategies, strengthening relationships with clients’ executive teams and leading solutions opportunities. Marten’s career in in project management, lease administration, integrated facilities management, transaction management and strategic planning spans 25 years and two continents. He began his commercial real estate career with JLL in 1998 and served in various roles until 2007, gaining experience in healthcare, life sciences, financial services …
MOUNT PROSPECT, Ill. — Standard Communities has led a public-private partnership in acquiring Huntington Towers, an affordable seniors housing community in Mount Prospect, approximately 20 miles northwest of Chicago. The community totals 214 units, and the acquisition will preserve its affordability for 30 years. The total capitalization of the transaction is approximately $74.9 million, including $16.1 million for planned renovations. Standard completed the acquisition in partnership with the Illinois Housing Development Authority and the U.S. Department of Housing and Urban Development. The property was originally built in 1978. Renovations at …
SKOKIE, Ill. — Covenant Living Communities and Services, a nonprofit, faith-based senior living organization headquartered in Skokie, has announced that CEO Terri Cunliffe will retire in the spring of 2024 from Covenant Living after 34 years with the organization. Cunliffe started her career in 1987 as an administrator in training at Covenant Living of Golden Valley in the Minneapolis metropolitan area. While working to obtain her healthcare administrator license, she was asked to move to Florida to help open a new assisted living community at Covenant Living of Florida. She …
WARRENTON, EASTMAN, GLEN EAGLE and SPARTA, Ga. — Selectis Health Inc. (OTC: GBCS) has agreed to sell the company’s four owned and operated skilled nursing facilities in Georgia. The agreements provide for the sale of the Company’s Warrenton Healthcare & Rehabilitation, Eastman Healthcare & Rehabilitation, Glen Eagle Nursing and Rehabilitation and Providence of Sparta Healthcare & Rehabilitation facilities, for an aggregate consideration of $31 million. All four properties are located in rural markets in Middle Georgia. The Warrenton property features 110 beds, the Eastman 100 beds, Glen Eagle 101 beds …
AURORA, Colo. — Anthem Memory Care has named Iva Prinsen as executive director for Chelsea Place in Aurora. In this capacity, she will oversee all daily care, programming and operations. Prinsen previously was executive director for Springbrooke Senior Living in Denver. She also served as the licensed nursing home administrator for Azria Health in Blue Hill, Nebraska. Prinsen brings over 35 years of senior living experience to this position. She earned a bachelor’s degree from Stevens-Henager College in Salt Lake City.
WASHINGTON, D.C. — Enterprise Community Development Inc. has received an undisclosed amount of financing for development of Edgewood Commons V, a 151-unit affordable seniors housing community in Northeast Washington, D.C. The development is part of the larger Edgewood Commons development, which will feature nearly 800 affordable housing units. Edgewood Commons V will feature 11 studios, 135 one-bedroom and five two-bedroom apartments. Of those, 96 apartments will be available for residents earning up to 30 percent of the area median income (AMI), 54 apartments will be available for residents earning up …
WASHINGTON TOWNSHIP, N.J. — Chelsea Senior Living has opened The Chelsea at Washington Township, an assisted living and memory care community in Washington Township, a suburb of Philadelphia. Capitol Seniors Housing is the property owner. The number of units was not disclosed. This will be Chelsea’s second community in Bergen County, 18th in New Jersey and 23rd overall. Chelsea and CSH are working together on their next community in the New York City suburb of West Orange, New Jersey, projected to open in 2025. Chelsea also opened its Fair Lawn, …