Author

Jeff Shaw

AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of Noble Senior Living at Brooksville in Florida

by Jeff Shaw

BROOKSVILLE, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Noble Senior Living at Brooksville, approximately 45 miles north of Tampa. Located on an 8.3-acre site, the community houses 85 assisted living and memory care units. Built originally as a hotel in 1925, the community was converted to assisted living in 1984. Since that time there have been significant capital upgrades both to the interior and exterior of the asset. The seller is a publicly traded REIT that was exiting the asset. The buyer is a Florida-based …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTexas

The Ensign Group Acquires Champions Healthcare at Willowbrook in Houston

by Jeff Shaw

HOUSTON — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of Champions Healthcare at Willowbrook, a healthcare campus consisting of a 98-bed skilled nursing facility and a 144-bed assisted living facility located in Houston.  The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT Inc., Ensign’s captive real estate company. The seller and price were not disclosed. This acquisition brings Ensign’s portfolio to 297 healthcare operations, 27 of which also include senior living operations, across 13 states. Ensign subsidiaries, including Standard Bearer, …

Continue Reading
0 FacebookTwitterLinkedinEmail
ConnecticutNewsOperations

LCB to Assume Management of The Hearth at Glastonbury in Connecticut

by Jeff Shaw

GLASTONBURY, Conn. — LCB Senior Living has taken over management of The Hearth at Glastonbury in Glastonbury, just southeast of Hartford.  The community will be renamed The Residence at Glastonbury. Further details on the property were not disclosed. LCB Senior Living has eight senior living residences across Connecticut, including in Avon, Darien, South Windsor, Rocky Hill, Stamford, Suffield and Westport.

Continue Reading
0 FacebookTwitterLinkedinEmail
MassachusettsNewsOperationsSkilled Nursing

ESI Arranges a Lease Transaction for a Massachusetts Skilled Nursing Portfolio

by Jeff Shaw

MASSACHUSETTS — Evans Senior Investments (ESI) has negotiated a new tenant for an institutional landlord in the state of Massachusetts, finalizing a five-year lease for a 500-bed skilled nursing portfolio. The portfolio comprises five communities. Prior to the onset of COVID-19, the portfolio exhibited a stabilized annual revenue of $46 million and a census of 90 percent. At the time of marketing, the portfolio was 76 percent occupied and losing over $2 million in net operating income annually. However, the portfolio’s strong historical performance highlighted great potential to bring occupancy …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesNews

Cleanliness is Top Concern of Potential Residents, According to Seniorly Analysis of Online Reviews

by Jeff Shaw

An analysis of over 273,000 web reviews of seniors housing communities has shown that the top priority of residents and their families relate to cleanliness and staff. That’s according to analysis by Seniorly, a seniors housing referral service, which partnered with data firm Skypoint to gather the data. Close to a quarter of reviews regard cleanliness. The presence of odors, which are common in senior living environments, often serve as a proxy for quality and rigor, particularly during sales tours. Nearly a quarter of reviews also centered on the administrative …

Continue Reading
1 FacebookTwitterLinkedinEmail
AcquisitionsFloridaNews

Innovation Senior Living Acquires Two Savannah Court Communities in Central Florida

by Jeff Shaw

BARTOW and ST. CLOUD, Fla. — Innovation Senior Living has acquired Savannah Court of Bartow and Savannah Court of St. Cloud. Located in the Central Florida cities of Bartow and St. Cloud, the communities target middle-market residents.  Innovation now has five communities under its ownership and management. The new acquisitions are part of the company’s three-year plan to add 12 to 15 properties to its portfolio. “These communities are stable and centrally located in the state of Florida,” says Pilar Carvajal, CEO and founder of Innovation Senior Living. “These elements …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceGeorgiaNewsSkilled Nursing

CFG Provides $22.4M Acquisition Loan for Three Skilled Nursing Facilities in Georgia

by Jeff Shaw

GEORGIA — Capital Funding Group (CFG) has provided $22.4 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities.  The facilities, which are located in Georgia, total 338 beds. Details on the buyer, seller, price and locations were not disclosed. James Zabel originated the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

Maxim Healthcare Services Hires Megan Morrissey as Vice President of Marketing

by Jeff Shaw

COLUMBIA, Md. — Maxim Healthcare Services has hired Megan Morrissey as vice president of marketing.  In this role, Morrissey will oversee all aspects of the company’s marketing and brand management strategies and campaigns. With two decades of experience in marketing and communications, Morrissey has successfully launched data-driven strategies, implemented campaigns and created digital experiences for consumers. Most recently, she served as vice president of marketing for the Thule Group. Maxim is a Columbia-based provider of skilled nursing, personal care, respite care, behavioral care and physical rehabilitation.

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceNewsVirginia

Ziegler Arranges $52.5M Bond Financing for Shenandoah Valley Westminster-Canterbury in Virginia

by Jeff Shaw

WINCHESTER, Va. — Ziegler has arranged $52.5 million in bond financing for Shenandoah Valley Westminster-Canterbury (SVWC). The continuing care retirement community is located in Winchester, approximately 70 miles west of the Washington, D.C. metro area. SVWC was founded in 1982 and provides housing, healthcare and other services to nearly 400 residents on its 87-acre campus through the operation of 217 independent living units (164 apartments and 53 cottages), 48 assisted living units, 12 memory care units and 51 skilled nursing beds. SVWC is completing an independent living villa apartment expansion …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsDevelopmentNewsPeople

MBK Real Estate Appoints Kenji Iwai as Chairman, President

by Jeff Shaw

IRVINE, Calif. — MBK Real Estate LLC (MRE), an Irvine-based developer of seniors housing, multifamily and industrial real estate, has appointed Kenji Iwai as the company’s next chairman of the board and president. Iwai succeeds Katsuo “Katsu” Yamanaka, who has led the company’s growth, including its entry into the logistics market, since 2017.  Iwai, who joined MRE’s parent company Mitsui & Co. Ltd. in 1997, will be responsible for the overall management of MRE. He will oversee the development and execution of the company’s strategic initiatives and goals, including its …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts