Monday, October 21, 2024
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Active Adult

Connect55+ Manchester in Manchester, Connecticut
Active AdultConnecticutDevelopmentNews

Connect55+ to Open Active Adult Community this November in Manchester, Connecticut

by Channing Hamilton

MANCHESTER, Conn. — Connect55+ Manchester, an active adult community located about 10 miles east of Hartford, Conn., will host a grand opening in November. The community has received its certificate of occupancy, and the property management team has begun leasing efforts. Details of the grand opening had not been finalized as of this writing. Connect55+ Manchester offers 128 one- and two-bedroom apartments. All units will have either a private patio or a private balcony. The property’s amenities include a movie theater, fitness center, library with a fireplace, spacious community center, …

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Safer Senior Living transition as panelists talk about FCC regulations and telephone systems
Active AdultAffordable HousingCCRCFeaturesIndependent LivingIndustry ContentMemory CareOperationsTechnologyVideosWebinars

Webinar: Safer Senior Living — Next-Gen Emergency Response Solutions

by Sarah Daniels

The Sept. 26 webinar “Safer Senior Living — Next-Gen Emergency Response Solutions,” sponsored by Kings III Emergency Communications, covered many aspects of managing risk within seniors housing communities. This brief discussion highlighted new emergency communication technology, the challenges of traditional phone lines due to the 10-72A1 order from the Federal Communications Commission (FCC), as well as best practices for code compliance. The panelists also broke down the benefits of cellular technology over voice over internet protocol (VoIP) systems, services for high-risk areas, two-way communication services and video monitoring in elevators. …

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Caroline Clapp, senior principal, NIC
Active AdultFeaturesInvestmentNewsOperationsWashington, D.C

Exclusive NIC Conference Coverage: High Occupancies Help Make Active Adult the Belle of the Ball

by Channing Hamilton

WASHINGTON, D.C. — A key performance metric helps explain why the active adult segment of seniors housing remains an investment darling. Among the nearly 800 properties and more than 116,000 units tracked nationally by NIC MAP Vision, the occupancy rate is 93 percent. By comparison, the occupancy rate for seniors housing properties (independent and assisted living) is in the high 80s. What makes that 93 percent occupancy even more significant is that it includes active adult properties that either recently opened or are in lease-up mode.  “If you look at properties that …

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Firewheel Town Village in Garland, Texas
AcquisitionsActive AdultNewsTexas

JLL Brokers Sale of 154-Unit Active Adult Community in Garland, Texas

by Channing Hamilton

GARLAND, Texas — JLL Capital Markets has arranged the sale of Firewheel Town Village, a 154-unit active adult community in Garland, located about 20 miles northeast of Dallas. JLL represented the seller, Clearworth Capital, and procured the buyer, Equity Partnership Holdings. The sales price was not disclosed. Built in 2018, Firewheel Town Village consists of studio, one- and two-bedroom units. The interior finishes include granite countertops, glass tile kitchen backsplashes, stainless steel appliances and wood-inspired plank flooring. Community amenities feature a heated saltwater pool, clubhouse, TV lounge, full-service salon, billiards room, fitness center …

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AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Tempo of Deal Velocity Increases as Industry Enters Homestretch of 2024

by Channing Hamilton

By Matt Valley Following a quiet end-of-summer period on the dealmaking front — “quieter than it has been for years with the exception of the pandemic” — Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen encountered a flurry of transaction activity in late August and early September.  “It’s been gangbusters, and what we’re seeing is primarily seniors housing assets (independent living and assisted living) coming to market,” said the veteran REIT executive who participated in the webinar Seniors Housing Business hosted on Sept. 5, titled “Creating Value in Seniors Housing — …

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Creating Value in Seniors Housing panel
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle

by Sarah Daniels

The Sept. 5 webinar “Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle,” sponsored by CBRE, brought together industry leaders to discuss the current trends shaping the seniors housing market, including occupancy rates, strategic investments and the evolving landscape of assisted living, memory care and independent living communities. This discussion covered innovative technologies, economic factors influencing cap rates, considerations about the future of care and analysis of increasingly sophisticated operations strategies. Expert panelists shared their experiences and projections for the sector, including the increasing demand for seniors housing …

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AcquisitionsActive AdultNewsSouth Carolina

Berkadia Negotiates Sale of 159-Unit The Aspens Verdae in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Berkadia has arranged the sale of The Aspens Verdae, a newly built, 159-unit active adult community in Greenville.  Texas-based active adult developer Aspens Senior Living sold the community to Charleston-based Blaze Capital Partners and Partners Group, acting on behalf of its clients. Located in Greenville’s master-planned, 1,100-acre Verdae neighborhood, the Aspens Verdae provides convenient access to retail, restaurants, healthcare and outdoor activities. The property was built in 2022 and features one-bedroom and two-bedroom apartments.  Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders led the Berkadia team.

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Active AdultDevelopmentMissouriNews

KAI Completes $10M Urban League Senior Living Center in Dellwood, Missouri

by Jeff Shaw

DELLWOOD, Mo. — KAI has completed construction of Urban League Senior Living Center in Dellwood, a northern suburb of St. Louis. The $10 million project stands on the former site of an AutoZone that was destroyed during the 2014 protests following the shooting of Michael Brown. The development was funded through a combination of federal, state and local grants, along with in-kind donations. The facility includes 44 resident units (40 one-bed units and four two-bed units), plus a community room on the main level. The community is already fully leased. …

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AcquisitionsActive AdultNewsTexas

Green Courte Partners Acquires Chesapeake Bay Active Adult Community in Seabrook, Texas

by Jeff Shaw

SEABROOK, Texas — Green Courte Partners LLC, a private equity real estate investment firm, has acquired Chesapeake Bay, an active adult community with 348 apartments and cottages in Seabrook, just south of Houston. The acquisition was made through the buyer’s fifth investment fund, Green Courte Real Estate Partners V. The seller and price were not disclosed. The acquisition increases Green Courte’s national senior living portfolio to 19 communities containing approximately 3,100 units. The firm’s wholly owned operating platform, True Connection Communities, manages the properties. “The Houston market has demonstrated robust …

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