GROVE CITY, Ohio — Treplus Communities has started construction of Dogwood Commons, a 105-unit active adult community in the Columbus suburb of Grove City. A groundbreaking ceremony was held Thursday, May 19, at the 21-acre site.
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Webinar: Inflation and Rising Interest Rates – Doom or Boom for the Seniors Housing Industry?
Seniors housing valuations — what can the industry expect in terms of future occupancy, inflation and interest rates? These were the most pressing topics of the “Inflation and Rising Interest Rates — Doom or Boom for the Seniors Housing Industry?” webinar, hosted by Seniors Housing Business and sponsored by V&IG. Hear how expert panelists are accounting for some of the most challenging questions in today’s market: What is driving investment in this space? How have return expectations changed since the beginning of the pandemic? How are increasing interest rates and/or inflation impacting …
CARROLLTON, Texas — KWA Construction has broken ground on Avenida Carrollton, an active adult community in the Dallas-Fort Worth suburb of Carrollton. Avenida Carrollton will offer a 155-unit apartment building as well as 48 duplex and triplex cottages. The apartment building will rise four stories and total 202,106 square feet. The cottages total 63,925 square feet. Developed by Avenida Partners, a California- and Tennessee-based national real estate development firm, Avenida Carrollton marks the company’s premier project in Texas and will serve as the flagship location of its expansion within the …
PALM SPRINGS, Calif. —Living Out has appointed Ernie Shaffer as president of its new flagship community in Palm Springs, located in the Sonoran Desert and slated to open Spring 2023. The active adult retirement community is designed to meet the needs of LGBTQ+ residents. Shaffer has over 30 years of experience in the industry. He served as a board member of The LGBTQ Community Center of the Desert, then known as the Golden Rainbow Senior Center. Shaffer’s experience includes leading numerous teams as director of operations overseeing various types of …
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Design, Technology Lead to Labor Savings in Senior Living Communities
Senior living communities, often strained by labor shortages, can benefit from design and technology strategies built to streamline how employees spend their time. While the focus in any construction, design or renovation project must be on resident needs first, an in-depth planning approach can benefit the community as a whole — especially staff. Technologies — including fall detection and prevention, real-time location systems (RTLSs) and strong Wi-Fi — are at the heart of making sure staff can focus on residents. Good technology design is an essential part of making sure …
LOS ANGELES — JLL Capital Markets has provided a $30.3 million loan to refinance Nantucket Creek, a 172-unit, garden-style, age-restricted apartment community in the Chatsworth neighborhood of Los Angeles. JLL worked on behalf of the borrower, Universe Holdings, to secure the 10-year, fixed-rate loan through Freddie Mac. JLL Real Estate Capital LLC will service the loan. Proceeds from the loan also provided a return of equity to Universe’s balance sheet, which the company plans to use toward future acquisitions. Nantucket Creek comprises one- and two-bedroom units ranging from 623 to …
NORTH BRUNSWICK, N.J. — Kaplan Cos. has opened Amaranth at North Brunswick, a 222-unit active adult community in North Brunswick, approximately midway between New York City and Philadelphia. Apartments range from 823 to 1,397 square feet. The property is Kaplan’s first active adult community. The company is already underway on its second Amaranth development in nearby East Windsor.
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How to Streamline Senior Living Community HR Processes
Cut Costs, Save Time and Recruit and Retain Good Workers The growth of the aging population is creating more demand for senior living options. But growing demand is colliding with a labor shortage, adding to the workload and strain on senior living communities. Scalable, streamlined HR infrastructure can help. Efficient and cost-effective solutions can cut expenses and reduce the amount of executive time spent on staffing issues. Enhanced back-office systems can also help boost recruitment and retention efforts. “Everything we do is designed and built around taking the burden off …
CARROLLTON, Texas — Avenida Partners and Artemis Real Estate Partners have unveiled plans for Avenida Carrollton, an active adult community in the Dallas suburb of Carrollton. The community will feature 155 market-rate apartments consisting of one- and two-bedroom floorplans, as well as 48 duplex and triplex cottages. Avenida Carrollton will be located on 10 acres, with over 35,000 square feet of interior and exterior amenities. Apartment floorplans will range from 686 square feet to 1,285 square feet; with duplex and triplex cottages ranging from 1,360 square feet to 1,490 square …
HOUSTON — CBRE National Senior Housing, a Houston-based broker and financial intermediary, has arranged the sale of a three-community active adult portfolio in the Midwest. The portfolio consists of nearly 300 units across three cities in the Midwest. Further details on the assets were not disclosed. John Sweeny Jr., Aron Will, Austin Sacco, Garrett Sacco and Scott Bray represented the seller, an active adult developer, owner and operator.