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Webinar: What’s Ahead For Seniors Housing Staff, Leaders and HR

by Sarah Daniels

  The “What’s Ahead For Seniors Housing Staff, Leaders and HR: A Study on 2022 Business Priorities” webinar took place April 14 and was hosted by Seniors Housing Business and sponsored by Paychex. The discussion focused on staff retention and engagement; diversity, equity, and inclusion initiatives; and resiliency strategies for the industry. In a time of labor shortages, keeping staff happy and well trained has become particularly difficult for senior living communities. Using Paychex’s recent survey results on workforce challenges, this webinar explores the most challenging aspects of managing staff, the Great …

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AcquisitionsActive AdultNewsTexas

JLL Brokers Sale of 151-Unit ArborView Active Adult Community in Austin

by Jeff Shaw

AUSTIN, Texas — JLL Capital Markets has arranged the sale of ArborView, a 151-unit active adult community in Austin. JLL represented the seller, Cadence Multi-Family, in the sale of the property to Sparrow Partners. The buyers assumed the existing HUD financing on the project. The price was not disclosed. Opened in 2021, ArborView is located in Greyrock Ridge within the Circle C Ranch master-planned community in southwest Austin. Development of Circle C Ranch began in 1982 and today the community includes over 6,400 homes. Neighborhood amenities include an 18-hole golf …

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Active AdultDevelopmentNewsTexas

Sparrow Partners, Welltower Underway on 193-Unit Active Adult Community in Metro Dallas

by Jeff Shaw

SACHSE, Texas — Austin-based developer Sparrow Partners and Ohio-based REIT Welltower (NYSE: WELL) are underway on construction of Amberlin at The Station, a 193-unit active adult community located on the northeastern outskirts of Dallas. The property, which is part of The Station, a $500 million mixed-use development by Dallas-based PMB Capital Investments, will feature one- and two-bedroom units for renters aged 55 and above. Residences will range in size from 615 to 1,285 square feet. Amenities will include a pool, fitness center, game room, media lounge, community kitchen and coffee …

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Active AdultDevelopmentNewsTexas

Sparrow Partners, Welltower to Open 195-Unit Active Adult Community in Pflugerville, Texas

by Jeff Shaw

PFLUGERVILLE, Texas — Sparrow Partners and Welltower Inc. (NYSE: WELL) are nearing completion of Amberlin Pflugerville, an active adult community in the Austin suburb of Pflugerville. The developers claim the 195-unit property will be the first active adult community in Pflugerville. The community is under construction and scheduled to open this fall. The Hill Country Bible Church Pflugerville previously owned the property, having bought 52 acres from the Swenson family in 2004 and built a church on the west side of the site the following year. The church sold Sparrow …

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AcquisitionsActive AdultNewsOklahoma

Green Courte Partners Acquires Three Active Adult Communities Near Oklahoma City

by Jeff Shaw

EDMOND, MUSTANG and MOORE, Okla. — Green Courte Partners (GCP), a private equity firm based in Chicago, has acquired three active adult cottage communities in the Oklahoma City metro. The properties include Chateaux at Mon Abri in Edmond, Laurel Springs in Mustang and Grace Pointe Living in Moore. The portfolio contains 315 cottages and a 35-unit apartment building. The acquisition increases GCP’s national age-restricted housing portfolio to 17 communities containing approximately 2,600 units. The firm’s wholly owned operating platform, True Connection Communities, operates all 17 assets. “We are increasingly attracted …

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AcquisitionsActive AdultFloridaNews

Castle Lanterra Acquires Diamond Oaks Village Active Adult Community in Bonita Springs, Florida

by Jeff Shaw

BONITA SPRINGS, Fla. — Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, has acquired its first active adult community with the purchase of Diamond Oaks Village in Bonita Springs. The recently constructed Class A property features 160 units reserved for persons age 55 and older. The community is located directly between Naples and Fort Myers, one of the most seniors-rich submarkets in the country, according to CLP. The seller was The United Group of Companies, which developed the community, opening its doors in 2017. The price …

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AcquisitionsActive AdultNewsTexas

JLL Capital Markets Brokers Sale of Northstar Georgetown Active Adult Community in Texas

by Jeff Shaw

GEORGETOWN, Texas — JLL Capital Markets has arranged the sale of Northstar Georgetown, a 210-unit, upscale, low-rise active adult community in Georgetown, a suburb of Austin. JLL marketed the property on behalf of the seller, Chalk Hill Ventures. A joint venture between Bain Capital Real Estate and Capitol Seniors Housing acquired the property. The price was not disclosed. Completed in 2021, Northstar Georgetown is an age-restricted (55+) community comprising one- and two-bedroom units averaging 1,016 square feet. The number of units was not released. Located on 11.5 acres the community …

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AcquisitionsActive AdultNewsOklahoma

Blueprint Brokers Sale of Three Active Adult Communities in Metro Oklahoma City

by Jeff Shaw

MOORE, MUSTANG and EDMOND, Okla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of three active adult communities in the Oklahoma City suburbs of Moore, Mustand and Edmond. The seller was Walters Construction Co., which developed the properties between 2010 and 2021. The portfolio features 350 units, including a recent 35-unit expansion at the Moore community. With the exception of that expansion, the communities were fully occupied at the time of sale. The buyer and price were not disclosed.

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Active AdultCaliforniaDevelopmentNews

Greystar Acquires Land for Everleigh San Clemente Active Adult Community in California

by Jeff Shaw

SAN CLEMENTE, Calif. — Greystar has acquired a plot of land at 515 Avenida Vaquero in San Clemente for Everleigh San Clemente, an active adult development. “Everleigh San Clemente is ideal for people that have been living in San Clemente since they bought their first home and don’t want to leave the charming beach town,” says Emily Clark, regional property manager said. “The community has an ideal location just a mile from the ocean with access to the Pacific Coast Highway, which features a convenient walking and biking trail that …

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Active AdultDevelopmentFinanceNew YorkNews

Knighthead Funding Provides $34.5M Construction Loan for Active Adult Community in Selden, New York

by Jeff Shaw

SELDEN, N.Y. — Knighthead Funding, LLC has provided a $34.5 million loan for the construction of an active adult community in Selden, a hamlet on Long Island. The borrower is The Northwind Group. The property is fully permitted, planned and approved, but a community name was not released. Situated on 13.8 acres, the complex will feature 124 two-bedroom, two-bath units, including 36 affordable homes, in 15 two-story residential buildings. “Considering the supply/demand imbalance and the limited prospects for new construction in the area, our capital will help Northwood bring needed …

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