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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 …

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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 …

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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.

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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 …

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AcquisitionsActive AdultColoradoNews

Bascom Group Acquires 230-Unit Avenida Lakewood Active Adult Community in Colorado

by Jeff Shaw

LAKEWOOD, Colo. — The Bascom Group, in partnership with Artemis Real Estate Partners, has acquired Avenida Lakewood, a 230-unit active adult community in Lakewood, just west of Denver. Avenida Partners built the community in 2019. The price was not disclosed. Ryan Maconachy and Courtney Crowder at Newmark brokered the transaction. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA arranged the debt financing for the acquisition through Santander Bank. Apartment Management Consultants will provide property management services. The property is located near recreation, retail and entertainment options against …

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Active AdultDevelopmentIndustry Voices

Active Adult Communities Ride the Demographic Wave

by Jeff Shaw

Developers look to capitalize on the 73 million baby boomers who are now seniors. By R.J. DeBee III Baby boomers, the generation that started the rebellious youth movement in the 1960s, are still shaking up American society. They represent a demographic shift known as the “silver tsunami” that is sweeping the country. The rate of U.S. baby boomers, estimated at about 73 million, entering their senior years continues to grow significantly. An estimated 10,000 people are turning 65 daily, with the leading edge of this age group now in their …

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AcquisitionsActive AdultNewsWashington

SVN Cornerstone Arranges $10.1M Sale of Whispering Pines Apartments in Spokane, Washington

by Jeff Shaw

SPOKANE, Wash. — SVN Cornerstone has arranged the sale of Whispering Pines Apartments, an age-restricted apartment community in Spokane. The asset traded for $10.1 million. The unassisted seniors housing community offers two- and three-bedroom units with two-car garages and individual backyards. Community amenities include a clubhouse and dog park. Nate Gant and Guy Byrd of SVN Cornerstone represented the undisclosed seller, while Levi Sterley of Lee & Associates represented the undisclosed buyer in the deal.

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Active AdultDevelopmentMissouriNews

Avenue Development Breaks Ground on Viva Bene Active Adult Community in St. Peters, Missouri

by Jeff Shaw

ST. PETERS, Mo. — Avenue Development has broken ground on the first active adult community under its new Viva Bene brand. Located in St. Peters, a western suburb of St. Louis, the 195,000-square-foot campus will feature 161 units. Concurrent with the groundbreaking announcement, Avenue noted that its Viva Bene-branded communities will partner with national primary care provider Sevi Health. The partnership combines Viva Bene’s vision of delivering wellness amenities with Sevi Health’s mission to simplify primary care for residents by helping seniors navigate a complicated healthcare system. “Sevi Health’s leadership …

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Active AdultDevelopmentFinanceNewsVirginia

Northmarq Arranges $38.1M Construction Financing for 176-Unit Active Adult Community in Midlothian, Virginia

by Jeff Shaw

MIDLOTHIAN, Va. — Northmarq’s debt and equity team of Keith Wells, Hunter Wood, Reina Abboud, and Mike Lowry have arranged a $38.1 million loan for the construction of Lake Forest at Swift Creek in Midlothian, approximately 15 miles west of Richmond. The Holladay Corp. is developing the four-story, 176-unit active adult community on 11.7 acres. Sandy Spring Bank provided the funds. The development is scheduled for completion in 2024.

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AcquisitionsActive AdultNewsTexas

Grace Management Breaks Ground on 115-Unit Active Adult Complex in Conroe, Texas

by Jeff Shaw

CONROE, Texas — Grace Management has broken ground on The Lakes at Woodhaven Village, a 115-unit active adult complex in Conroe, located about 40 miles north of Houston. The project, which is being developed on a five-acre plot adjacent to the 2,000-acre Grand Central Park master-planned community, is slated for a spring 2024 completion. Project partners include developer Padua Realty Co. and affiliated construction company Dorado Builders, Investwell Architects, Lizabeth Jones Interior Design and Jordan & Skala Engineers.

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