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Assisted Living

Assisted LivingDevelopmentNewsTexas

Cadence McShane Begins Construction on Anthology of Austin

by Jeff Shaw

AUSTIN, Texas — Cadence McShane Construction Co. has broken ground on the 128,000-square-foot Anthology of Austin, an assisted living and memory care facility in Austin. Anthology Senior Living is the developer. Designed by OZ Architecture, the five-story building will feature 130 units in studio, one-bedroom and two-bedroom configurations. The 2.2-acre site will boast two large courtyards and is across the street from The Domain, a large, outdoor shopping center. This will be the Cadence McShane’s third assisted living/memory care development with Anthology Senior Living. The project is slated for completion …

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Assisted LivingDevelopmentMassachusettsNews

JSA Design Completes Work on Sunrise of Newton in Massachusetts

by Jeff Shaw

NEWTON, Mass. — JSA Design, an architecture, planning and interior design firm, has completed Sunrise of Newton, a 101,000-square-foot assisted living and memory care community in Newton, a suburb of Boston. The four-story building features 85 suites serving 108 residents. The community, located in suburban Newton Corner, 20 minutes from downtown Boston, is also convenient to area shopping, cultural attractions and restaurants.

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Assisted LivingDevelopmentIllinoisNews

McShane to Build 131-Unit Woodlands at Canterfield in West Dundee, Illinois

by Jeff Shaw

WEST DUNDEE, Ill. — McShane Construction Co. has been selected by Westbrook at Canterfield, LLC to build Woodlands at Canterfield in West Dundee, approximately 40 miles northwest of downtown Chicago. The development will offer 91 assisted living units and 40 memory care beds, along with 16,000 square feet of amenity space and 92 parking spaces. It is located on a nine-acre site. Completion of Woodlands at Canterfield is scheduled for April 2023. AG Architecture is the architect and RDG Planning and Design is the interior designer.

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Assisted LivingCaliforniaDevelopmentFinanceNews

Blueprint Arranges Construction Financing for Cadence Tracy in Tracy, California

by Jeff Shaw

TRACY, Calif. — Blueprint Healthcare Real Estate Advisors has arranged an undisclosed amount of construction financing for Cadence Tracy, a seniors housing development in the Bay Area city of Tracy. The borrower is a joint venture between Summit Senior Life, a Newport Beach-based developer, and Cadence Living, a Scottsdale, Arizona-based operator. The capital providers were Link Development and Medcore Partners. Cadence Tracy will sit on a 2.8-acre parcel of land and consist of 77 assisted living and 24 memory care units. The site is adjacent to Lennar at Tracy Hills, …

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Active AdultAffordable HousingAssisted LivingFinanceIndependent LivingIndustry ContentInvestmentOperationsVideosWebinars

Webinar: Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers

by Sarah Daniels

  On Sept. 28, Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers in Today’s Environment“. Seniors housing experts spoke candidly about factors like labor shortages and the spread of the Delta variant impacting seniors housing valuations and the industry’s struggle to return to pre-pandemic transaction volumes. As the year has progressed, how has the outlook changed for seniors housing professionals to take into account market trends and the activity of buyers and sellers? How are cap rates and cash flow influencing …

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AcquisitionsAssisted LivingFinanceNew JerseyNews

BHI Provides $31.1M Loan for Lionstone Care Acquisition in Southern New Jersey

by Jeff Shaw

NEW JERSEY — BHI’s Healthcare Group has provided $31.1 million to Lionstone Care for the acquisition of an assisted living and memory care facility in Southern New Jersey. The facility has 110 units and is licensed for 130 beds. “Almost completely occupied, [the facility] has historically yielded impressive results,” says Tami Antebi, head of BHI’s Healthcare Group.

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AlaskaAssisted LivingDevelopmentFinanceNews

Live Oak Funds $15M Construction Loan for 68-Unit Community in Fairbanks, Alaska

by Jeff Shaw

FAIRBANKS, Alaska — Live Oak Bank has provided a $15 million construction loan for owner-operator Frontier Partners LLC to support the development of a 68-unit assisted living community in Fairbanks. The community will consist of 50,680 square feet and will be situated on 7.8 acres. The debt was structured into two loans utilizing the SBA 504 program. The interim construction loan will be held by Live Oak Bank in the amount of $10.2 million, and the second bridge loan prior to the 504 Debenture will be in the amount of …

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Assisted LivingDevelopmentMassachusettsNews

Callahan Starts Construction of 83,000 SF The Mariner Community in Marblehead, Massachusetts

by Jeff Shaw

MARBLEHEAD, Mass. — Callahan Construction Managers has broken ground on The Mariner in Marblehead, located on the coastal North Shore area near Boston. The 83,000 square foot, three-story building will feature 61 assisted living units and 26 memory care units, with a mix of studio, one- and two-bedroom floor plans. The Northbridge Cos., in partnership with the local development team of Heather Cairns, Michael Lafayette and Philip Helmes, is developing the building with EGA serving as the architect. The project is scheduled for completion in February 2023.

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Active AdultAffordable HousingAssisted LivingIndependent LivingIndustry ContentOperationsPeopleTechnologyVideosWebinars

Webinar: Using Technology to Reduce Operational Costs & Enhance Resident Experience

by Sarah Daniels

  On Sept. 22, Seniors Housing Business and sponsor ecobee hosted the webinar “Seniors Housing: Using Technology to Reduce Operational Costs & Enhance the Resident Experience.” With the need to reduce energy use and protect employee time (while limiting unnecessary interactions with residents), making technology a part of senior living communities has never been more important. Smart thermostats offer a wide variety of benefits, especially for communities trying to improve their NOI. Thermostat solutions can mean less unplanned contact for staff and more control for residents, as well as energy and …

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AcquisitionsAssisted LivingMississippiNews

Chicago Pacific Founders Acquires The Magnolia at Oxford Commons in Oxford, Mississippi

by Jeff Shaw

OXFORD, Miss. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Magnolia at Oxford Commons, a 100-unit senior living community in Oxford. The community was previously known as The Blake at Oxford. The name change reflects the change in ownership. Grace Management will take over operations, offering assisted living and memory care services. The Magnolia at Oxford Commons is located in the new Oxford Commons neighborhood, near shopping, restaurants, medical facilities, The Square and The University of Mississippi. The new owner …

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