Author

Jeff Shaw

WALTHAM, Mass. — 2Life Communities has broken ground on Leland House, a 68-unit affordable seniors housing development in the Boston suburb of Waltham. The new development will stand at the site of the former Leland Home, a community serving 38 seniors founded in 1879 that provided personalized residential and nursing care to seniors in Waltham for nearly 140 years. “Hannah Leland had a mission, and it’s got to continue,” says Waltham Mayor Jeannette A. McCarthy. “There is a shortage of affordable housing, and while luxury housing is built all the …

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CARRABELLE, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sale of St. James Health and Rehabilitation Center, a 90-bed skilled nursing facility in the Florida Panhandle beach community of Carrabelle. St. James represented the operator’s only location in the state, which led to the decision to exit and focus on its core geographic concentration in the Midwest and Mid-Atlantic regions. The facility was constructed in 2008 and comprises nearly all semi-private rooms. As the only facility in Carabelle with the next nearest competitor located over 30 miles away, …

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CARLSBAD, Calif. — Integral Senior Living (ISL) and Solstice Senior Living have promoted Brenda Richy to national director of resident engagement. Richy’s previous role was national director of resident programming. This new emphasis on resident engagement demonstrates Solstice’s and ISL’s dedication to actively tackling the disparity between older adults’ perceptions of health and wellness and the wide-ranging health benefits of senior living communities. In this reimagined role, Richy will continue to collaborate closely with each community in the Solstice and ISL portfolio, serving as a resource and source of support …

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ATLANTA — One of the central questions of the investment panel at InterFace Seniors Housing Southeast was: Will transaction activity return in the fourth quarter? When Brooks Blackmon, panel moderator and executive managing director of Blueprint Healthcare Real Estate Advisors, asked the question, there was a quick response from the panel — “no.” “Return to what?” asked Kelly Sheehy senior managing director of Artemis Real Estate Partners. “Higher than today? Yes. Compared to 2019? No, it’s going to take time.” InterFace Seniors Housing Southeast is an annual conference hosted by …

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CHICAGO — Ventas (NYSE: VTR), a Chicago-based REIT, has named three new operators for a portfolio of independent living communities in Texas, Florida and California. Sodalis Senior Living will take over management of 13 communities in Texas, while Priority Life Care will operate eight properties in Florida and Discovery Senior Living will operate five in California. Ventas “is expanding its successful existing relationships with the three managers to increase occupancy and performance in these communities,” the company said in a press release. The communities will be operated under management contracts. …

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SAVOY, Ill. — Evans Senior Investments (ESI) has arranged the sale of Champaign Urbana Nursing & Rehab in Savoy, approximately midway between Chicago and St. Louis.  A regional owner-operator sold the asset to Mozart Healthcare, which plans to install Accolade Healthcare as the operator. The price was not disclosed.  Initially built in 1975, the facility is licensed for 213 skilled nursing beds, and at the time of marketing was 49 percent occupied. Due to the headwinds of the COVID-19 pandemic, which placed bans on admissions and restricted elective surgeries, the …

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BOSTON — Beacon Communities, Boston-based affordable housing developer, has hired Tim Sullivan as chief administrative officer (CAO). Formerly of UBS and MassHousing, Sullivan will be responsible for the overall financial strategy and oversight of information technology, human resources, accounting and finance. Bringing extensive knowledge and deep financial expertise to Beacon, Sullivan most recently served as managing director and head of housing finance and New England region for the public finance department at UBS. Before joining UBS in 2017, he spent 15 years at MassHousing, where he served as the executive …

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By Jennifer Apy, Partner, Chief Marketing Officer, Chief Outsiders The pandemic of 2020 hit hardest among the most vulnerable. It was a tragic season of devastation, fear and uncertainty among the elderly population, and it presented an unforeseen crisis for the senior living facilities that supported them.  Three years later, in 2023, that industry is just barely recovering from the 30 percent decline in population. To further the problem, rising inflation is leading seniors to age in their homes — pushing the average move-in age to 87 years. Senior living facilities were …

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LONG BEACH, Calif. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Brittany House Memory Care Center in Long Beach, just south of Los Angeles. The seller is a San Diego-based developer and operator looking to focus its resources on a newly developed portfolio of communities throughout Orange and San Diego counties. The buyer is a Los Angeles-based high-net-worth family. The price was not disclosed. The Blueprint team included Jacob Gehl and Scott Frazier.

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KANSAS, IOWA and NEBRASKA — Tutera Senior Living & Health Care has added 10 communities in Kansas, Iowa and Nebraska to its management portfolio. The new assets expand the company’s footprint by more than 20 percent and total 443 units of assisted living, memory care and residential care. Tutera is retaining all employees at the newly added communities to ensure continuity of care for residents.  The 10 communities are: IOWA  •          Anamosa – Pinicon Place Senior Living •          Carroll – Rolling Meadows Senior Living •          Clarinda – Eiler Place Senior Living •          Council Bluffs …

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