Thursday, May 2, 2024
Read the Magazine Subscribe

Active Adult

Active AdultDevelopmentFinanceNewsNorth Carolina

Ziegler Arranges $32M Financing for BellaAge Hickory Development in North Carolina

by Jeff Shaw

HICKORY, N.C. — Ziegler has arranged $32 million in direct bank revenue bonds through the North Carolina Medical Care Commission for EveryAge, formerly United Church Homes and Services. The borrower is developing a 95-unit independent living rental community that will be known as BellaAge Hickory. Located in downtown Hickory, approximately 15 miles from EveryAge’s Abernethy Laurels community, BellaAge will comprise one- and two-bedroom apartments ranging from 817 to 1,397 square feet with monthly rents ranging from $2,043 to $3,632. The tax-exempt, draw-down, bank-held bonds feature a seven-year commitment that automatically …

Continue Reading
1 FacebookTwitterLinkedinEmail
Active AdultFeaturesNews

Residents Share Insightful Firsthand Accounts of Life in Active Adult Communities

by Jeff Shaw

DALLAS — Aging is something that happens to all of us physically, but according to some residents at active adult communities in the Dallas-Fort Worth (DFW) area, the psychological and emotional difficulties of growing older are easier to bear in the company of others. Operators of this asset class are making this possible by delivering products and services that reflect the name “active adult.” Shared fitness classes, walking groups, book clubs, card games, communal gardening and organized shopping trips are but a few of the ways in which active adult …

Continue Reading
1 FacebookTwitterLinkedinEmail
Active AdultDevelopmentIllinoisNews

Focus Completes Construction of Everleigh Active Adult Community in Vernon Hills, Illinois

by Jeff Shaw

VERNON HILLS, Ill. — Acting as general contractor, Focus has completed construction of Everleigh, an active adult community in Vernon Hills, a northern suburb of Chicago. Greystar is the property’s developer. Everleigh Vernon Hills features 173 apartments ranging in size from 567 to 1,373 square feet, as well as seven duplex cottages. Monthly rents start at $1,800. Meeks + Partners designed the four-story building. Greystar launched the Everleigh by Greystar active adult brand in 2017 and now has locations in eight states.

Continue Reading
1 FacebookTwitterLinkedinEmail
Active AdultDevelopmentMassachusettsNews

MassDevelopment Provides $129M in Bond Financing for Opus Newton Project Near Boston

by Jeff Shaw

NEWTON, Mass. — MassDevelopment has provided $129 million in tax-exempt bond financing for the construction of Opus Newton, a 174-unit seniors housing project that will be located on the western outskirts of Boston. The borrower and developer is locally based nonprofit organization 2Life Communities. Construction began in March and is scheduled for completion in mid-2025. Opus Newton, an age-restricted complex with units reserved for renters age 62 and above, is being constructed on four acres at 777 Winchester St. The property will house 62 two-bedroom units and 112 one-bedroom apartments. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultFeaturesNews

Why Active Adult Is Piquing the Interest of Investors

by Jeff Shaw

DALLAS — Investors are drawn to the fledgling active adult segment for several reasons, according to Caroline Clapp, senior principal, research and analytics, for the National Investment Center for Seniors Housing & Care (NIC). For starters, it’s a new property type and emerging market that is relatively easy for prospective owners and operators to enter. The average resident turnover per year at an active adult property is 20 percent versus 50 percent for a traditional multifamily community, NIC research shows. The average length of stay at active adult communities is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultAssisted LivingFeaturesIndependent LivingIndustry ContentOperationsTechnologyVideosWebinars

Webinar: Seniors Housing & CRM: Can You Predict the Future?

by Sarah Daniels

  The April 19 webinar “Seniors Housing & CRM: Can You Predict the Future?” is all about data — how best to use it to drive strategy and decisions, especially in the near future. Join sponsor WelcomeHome Software and a panel of seniors housing industry experts as they discuss customer relationship management (CRM) technology and analyze the WelcomeHome Year In Review: 2022 report. This hour-long webinar highlights the report’s findings and the best strategies in terms of occupancy, referrals and metrics to track within communities. Timestamps of major topics covered: (3:24) Report summary Occupancy since …

Continue Reading
0 FacebookTwitterLinkedinEmail
MatrixCare EHR software Sandy Hudak
Active AdultAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentOperationsPeopleSkilled NursingTechnology

Five Tips on How to Leverage Data and Analytics

by Sarah Daniels

State-of-the-art software tools can improve operational efficiency, enhance resident outcomes and boost the bottom line. What can you utilize that has a positive impact on both residents and business results? Data and analytics. With real-time information on performance, senior care executives and clinicians can identify and overcome roadblocks to success. New improvements in the use of data and analytics are helping to guide decision-making. Data mining can boost staff efficiency and profitability. At the same time, data entry is becoming faster and easier. Software tools with the latest graphics make …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultFloridaNews

Virtus, Blaze Acquire 163-Unit Active Adult Community in Davenport, Florida

by Jeff Shaw

DAVENPORT, Fla. — Virtus Real Estate Capital and Blaze Capital Partners have acquired The Pointe at Siena Ridge, a 163-unit active adult community in Davenport, a suburb southwest of Orlando. This is Blaze’s fourth acquisition in the active adult sector over the past five months following Hardy Springs in the Paulding County submarket of Atlanta; Annabelle on Main in the Duluth submarket of Atlanta; and Sage Stone Oak in San Antonio, Texas. The Pointe at Siena Ridge is Blaze’s first active adult investment in Florida. “As the baby boomer generation …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultDevelopmentMassachusettsNews

Habitech Acquisitions to Develop 141-Unit Active Adult Community in Stow, Massachusetts

by Jeff Shaw

STOW, Mass. — Massachusetts-based developer Habitech Acquisitions has acquired 37.3 acres in Stow, about 30 miles west of Boston, with plans to construct a 141-unit active adult community. Known as The Cottages at Wandering Pond, the project will feature a recreation area with walking trails, as well as a clubhouse, pool, activity lawn and a pickleball court. Jake Parsons of SVN | Parsons Commercial Group | Boston represented the seller, EFMC Associates, in the land deal and procured Habitech Acquisitions as the buyer. A construction timeline was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultNewsWisconsin

JLL Brokers Sale of 101-Unit Oaks of Shorewood Active Adult Community in Wisconsin

by Jeff Shaw

SHOREWOOD, Wis. — JLL Capital Markets has arranged the sale of and acquisition financing for the Oaks of Shorewood, a 101-unit active adult community in Shorewood, a northern suburb of Milwaukee. The four-story building offers a mix of one- and two-bedroom units averaging 1,115 square feet. The Oaks of Shorewood is near to Lake Michigan, the Milwaukee River, Hubbard Park & Beer Garden and the 50-acre Estabrook Park and Village’s main drive, which is known for eclectic boutiques and trendy restaurants. The affluent area boasts average home values of $425,000 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts