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Assisted Living

Assisted LivingFinanceNewsWashington

CBRE Arranges $23.3M Refinancing for Queen Anne Manor in Seattle

by Jeff Shaw

SEATTLE — CBRE National Senior Housing has arranged a $23.3 million refinancing for Queen Anne Manor, a 93-unit assisted living and memory care community in Seattle. Aron Will, Adam Mincberg and Michael Cregan of CBRE National Senior Housing arranged the 10-year bridge loan with three years of interest-only payments through a national bank. The borrower is Capitol Seniors Housing. Originally built in 1908 as Seattle’s Children’s Orthopedic Hospital, the community was converted to seniors housing in 1982. Extensively renovated in 2015, the community is located two miles from downtown Seattle …

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AcquisitionsAssisted LivingMassachusettsNews

Cushman & Wakefield Arranges Sale of 91-Unit Arbors of Stoughton in Massachusetts

by Jeff Shaw

STOUGHTON, Mass. — Cushman & Wakefield has arranged the sale of the Arbors of Stoughton, a 91-unit assisted living and memory care community in Stoughton, 20 miles south of downtown Boston. Richard Swartz, Jay Wagner and Jim Dooley represented the seller, the Gralia Group of East Longmeadow and their institutional capital partner, in the transaction. The buyer was KIRCO in a partnership with Everbrook Senior Living, which will operate the community going forward. Cushman & Wakefield also arranged the acquisition financing for the borrower, with a loan of 65 percent …

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AcquisitionsAssisted LivingNewsSouth Carolina

Blueprint Brokers Sale of 77-Unit Community in South Carolina

by Jeff Shaw

SOUTH CAROLINA — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 77-unit assisted living and memory care community in South Carolina. The property was originally constructed in the late 1990s. While historically a stable performer, the community has recently struggled due to a combination of the effects of the pandemic and census losses driven by competition, according to Blueprint. The buyer is a company growing its seniors housing platform in the state. Further details were not disclosed.

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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 …

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AcquisitionsAssisted LivingFloridaNews

SLIB Brokers Sale of 70-Unit Cedar Creek Assisted Living in Merritt Island, Florida

by Jeff Shaw

MERRITT ISLAND, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Cedar Creek Assisted Living in Merritt Island, located east of Orlando. Built in 2004, the facility features 70 assisted living units. The seller is a publicly traded REIT. The buyer is a regional owner-operator based in Florida that intends to renovate the asset. The price was not disclosed. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

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Assisted LivingDevelopmentFloridaNews

AgeWell, Protea Prepare to Open Sunscape Boca Raton in Florida

by Jeff Shaw

BOCA RATON, Fla. — AgeWell Solvere Living and Protea Capital Partners have scheduled a May grand opening for Sunscape Boca Raton. This will be the second Sunscape assisted living and memory care community opening, the first being its sister location, Sunscape Daytona Beach, which opened in March of 2022. Irwin Partners is the architect, Klang & Associates is the interior designer and Hedrick Brothers Construction is the general contractor. The number of units was not disclosed.

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Assisted LivingCaliforniaDevelopmentNews

Griffin Living Receives $3M Loan for Seniors Housing Land Site Acquisition in Santa Clarita, California

by Jeff Shaw

SANTA CLARITA, Calif. — Griffin Living has received $3 million in financing from Hankey Capital. The funds support the company’s acquisition of an assisted living and memory care development site in Santa Clarita, approximately 35 miles northwest of Los Angeles. The new community will be located at the corner of Camino Del Arte and Copper Hill Drive, in close proximity to a range of high-end retail and dining options. The approved plans by the city will result in capacity for more than 100 residents. “We are excited to once again …

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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 …

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AcquisitionsAssisted LivingGeorgiaNews

PruittHealth Acquires Dogwood Forest of Dunwoody in Sandy Springs, Georgia

by Jeff Shaw

SANDY SPRINGS, Ga. — PruittHealth has acquired Dogwood Forest of Dunwoody, an assisted living community in the Atlanta suburb of Sandy Springs. Under the new ownership, the property is now called PruittPlace – Sandy Springs. Details regarding the seller, price and number of units were not disclosed.

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