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Using Technology to Address Challenges Exposed by COVID

by Sarah Daniels

COVID-19 made clear the need to overhaul technology capabilities in senior living facilities everywhere. The next wave of senior care’s tech evolution will encompass what the pandemic highlighted: a need for technologies that not only enhance residents’ physical safety, but their holistic wellbeing as well.  The pandemic also brought to light a renewed focus on the importance of integrated technologies that improve staff efficiencies. As we explore the next generation of senior living’s technology evolution, it’s important to remember the foundation to all technology advancements: reliable Wi-Fi. The ability to …

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AcquisitionsAssisted LivingNewsOregon

SLIB Negotiates Sale of 27-Unit Canyon Rim Community in Maupin, Oregon

by Jeff Shaw

MAUPIN, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Canyon Rim, a 27-unit assisted living community in Maupin, approximately 100 miles southeast of Portland. The community was built in 2005. It totals approximately 18,652 square feet on approximately 3.6 acres of land. The seller was a regional owner-operator that is now focusing on larger communities in major West Coast metropolitan areas. The buyer is a regional owner-operator out of Idaho that focuses on smaller communities. The price was not disclosed. Jason Punzel, Brad Goodsell and Vince …

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Assisted LivingColoradoDevelopmentNews

Hunt Midwest Breaks Ground on 102-Unit Capstone at Centerra in Loveland, Colorado

by Jeff Shaw

LOVELAND, Colo. — Hunt Midwest has broken ground on The Capstone at Centerra, a 78,000-square-foot assisted living and memory care community in Loveland. Located within the 3,000-acre, master-planned Centerra development, the community is projected to open in late 2022. Integral Senior Living (ISL) will be the operator of the 102-unit property.

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AcquisitionsAssisted LivingFloridaNews

JLL Brokers Sale of 82-Unit The Preserve at Clearwater in Florida

by Jeff Shaw

CLEARWATER, Fla. — JLL Capital Markets has arranged the sale of The Preserve at Clearwater, an assisted living and memory care property in the coastal Tampa suburb of Clearwater. JLL represented the seller, a joint venture between Solera Senior Living and Elkco Properties. The buyer, an experienced institutional investor, plans to retain Solera as property manager. The price was not disclosed. The Preserve at Clearwater is a 2012-vintage, 82-unit property that sits on an 11-acre parcel. The building is LEED Silver certified and located in close proximity to many of …

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Assisted LivingCaliforniaFinanceNews

Oxford Finance Provides $28M Credit Facility to AvantGarde Senior Living

by Jeff Shaw

TARZANA, Calif. — Oxford Finance LLC has provided a $28 million senior credit facility to AvantGarde Senior Living. The funds are being used to refinance existing debt on one facility located in Tarzana. Founded in 2008, AvantGarde owns and operates two luxury assisted living facilities in California. The subject facility was acquired in 2010 as a 100-room senior living hotel and converted to a 138-bed assisted living community.

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Active AdultAssisted LivingIndustry ContentMemory CarePeopleSkilled NursingVideosWebinars

Webinar: Invigorating the Seniors Housing Workforce

by Sarah Daniels

  In a July 22 Seniors Housing Business webinar titled “Invigorating the Seniors Housing Workforce: Strategies to Inspire, Engage, and Retain Talent,” panelists discussed challenges in finding and motivating employees in the senior living industry. Seniors housing communities struggled to find staff prior to COVID-19, but a combination of factors is currently exacerbating the difficulties in communities. These components include competing opportunities, government unemployment programs and safety concerns related to the pandemic. Lisa Lacy, Discovery Senior Living, explains “We are competing with organizations that we didn’t typically compete with. It’s not …

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AcquisitionsAssisted LivingCaliforniaNews

JCH Brokers Sale of 80-Unit Community in Stockton, California

by Jeff Shaw

STOCKTON, Calif. — JCH Senior Housing Investment Brokerage has arranged the sale of an 80-unit assisted living and memory care community in Stockton, located south of Sacramento and east of the Bay Area. JCH represented the sellers, a family-owned owner-operator looking to retire from the space. A local owner seeking to grow in the area acquired the property for $5.8 million. Jim Hazzard and Cindy Hazzard handled the transaction process.

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AcquisitionsAssisted LivingFloridaNews

Atlas Senior Living Acquires Community in St. Petersburg, Florida

by Jeff Shaw

ST. PETERSBURG, Fla. — Birmingham, Alabama-based operator Atlas Senior Living has acquired both the real estate and operations of an assisted living and memory care community in St. Petersburg. The community will be the sixth Atlas property in Florida and the first in the St. Petersburg area. Previously named Bloom at St. Petersburg, the community will be rebranded and renamed The Goldton at St. Petersburg. Further details on the transaction were not disclosed.

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Assisted LivingDevelopmentFloridaNews

CIP Group, Linkvest Capital to Build 120-Bed Assisted Living Facility in Dadeland, Florida

by Jeff Shaw

DADELAND, Fla. — Sunset Point ALF, an affiliate of Miami-based real estate development firm CIP Group, and LV Development, an affiliate of Miami-based Linkvest Capital, have formed a joint venture to develop a 40,000-square-foot, 120-bed assisted living facility in an unincorporated area near Dadeland. The partners acquired the vacant site for $3.7 million from the Stupp Family Partnership. The developers are expected to break ground on the project in the first quarter of 2022 CIP Group and Linkvest Capital, through its LV Lending affiliate, are also developing Miami Springs Town …

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Assisted LivingDevelopmentIllinoisNews

ISL Ventures Completes 88-Unit Mount Prospect Senior Living in Illinois

by Jeff Shaw

MOUNT PROSPECT, Ill. — ISL Ventures has completed construction on Mount Prospect Senior Living, an assisted living and memory care community in Mount Prospect, approximately 20 miles northwest of Chicago. The 78,000 square-foot building features 56 assisted living units and 32 memory care units. Partners on the project include Leading Light Development, Pi Architects, Charles Hall Construction, Manhard Engineering, TDi and EEA Consulting Engineers. Integral Senior Living is the operator.

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