Saturday, November 23, 2024
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Active Adult

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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AcquisitionsActive AdultNewsTexas

Blaze Capital Partners Acquires 150-Unit Active Adult Community in San Antonio

by Jeff Shaw

SAN ANTONIO — Blaze Capital Partners has purchased Sage Stone Oak, a 150-unit active adult community in San Antonio. Built in 2020 on a 7.5-acre site, Sage Stone Oak features a mix of one- and two-bedroom apartments ranging in size from 829 to 1,172 square feet. The property is located in the Stone Oak neighborhood, 15 miles north of downtown San Antonio. The seller and price were not disclosed. “As we look to the future of housing and continue diversifying our portfolio with property types that take advantage of long-term …

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AcquisitionsActive AdultNebraskaNews

Green Courte Partners Acquires 95-Unit Bloomfield Active Adult Community in Omaha

by Jeff Shaw

OMAHA, Neb. — Green Courte Partners LLC, a private equity firm currently investing through its Green Courte Real Estate Partners V investment fund, has acquired Bloomfield, a 95-unit active adult community in Omaha. True Connection Communities, the buyer’s wholly owned operating platform, will manage the community. The company’s operating portfolio now features 18 communities totaling approximately 2,700 units. “The community’s occupancy proved resilient through the pandemic, which is a testament to its unique product offering, compelling value proposition and desirable location,” says Matt Pyzyk, managing director of acquisitions. “We have …

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Active AdultDevelopmentFrom The Magazine

Active Adult’s Mounting Momentum

by Jeff Shaw

NIC MAP Vision launches data initiative to track hottest subsector of seniors housing, bolstering transparency for investors. By Jeff Shaw Active adult is the talk of the town in the seniors housing industry. The sector, which caters to the 55-plus crowd that leads an active lifestyle and embraces fun and fitness, resembles traditional multifamily properties in two important ways: Active adult doesn’t offer the extra layer of services associated with standard seniors housing or the medical aspects of skilled nursing. Investors in active adult properties praise the high occupancy rate …

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AcquisitionsActive AdultNewsOhio

Blueprint Brokers Sale of Active Adult Community in Dayton, Ohio

by Jeff Shaw

DAYTON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of a portfolio of properties in Dayton. The assets included a 40-unit active adult campus, a 12,000-square-foot office builing and a 5.7 acre land parcel. The seller elected to divest the three assets to recycle capital and strategically downsize its portfolio to focus on core business. The buyer was a private equity investor and operator looking to expand through aggressive acquisition.

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Active AdultDevelopmentNewsTexas

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

by Jeff Shaw

CONROE, Texas — Grace Management has broken ground on The Lakes at Woodhaven Village, an active adult community in Conroe, a suburb of Houston. The 130,000-square-foot community will feature 115 units and is scheduled to open in spring 2024. The project is being developed on a five-acre plot adjacent to the 2,000-acre Grand Central Park master-planned community. Project partners include developer Padua Realty Co. and affiliated construction company Dorado Builders, Grace Management, Investwell Architects, interior design firm Lizabeth Jones Interior Design and Jordan and Skala Engineers. The community will complement …

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Active AdultDevelopmentGeorgiaNews

Jamestown Unveils Plans for 21-Story Active Adult High-Rise in Atlanta

by Jeff Shaw

ATLANTA –– Jamestown has released its plans to develop Signal House, a 21-story active adult community in Atlanta. The property will be located adjacent to Ponce City Market, a massive mixed-use redevelopment of a former Sears, Roebuck & Co. store and warehouse. The property is adjacent to the Atlanta BeltLine rails-to-trails project in the city’s historic Old Fourth Ward neighborhood. Plans call for 162 units reserved for residents age 55 and older. The project is scheduled for completion in the third quarter of 2023. “Continuing Ponce City Market’s legacy of …

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AcquisitionsActive AdultAffordable HousingAssisted LivingDevelopmentFinanceIndustry ContentOperationsVideosWebinars

Webinar: What Will 2023 Hold for Seniors Housing Investment & Acquisition Activity?

by Sarah Daniels

    In an uncertain time for the seniors housing industry, the “What Will 2023 Hold for Seniors Housing Investment & Acquisition Activity?” webinar focused on what’s influencing the landscape now and what is likely to affect it in the near future. The Dec. 8 panel discussion, hosted by Seniors Housing Business and sponsored by Valuation & Information Group, delved into tough topics like wages and staffing; inflation; the costs of debt and equity; government reimbursement; and other economic factors to illuminate what we can expect in 2023. Tune in …

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