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CCRCMarylandNewsPeople

Carroll Lutheran Village Names Peter Bolt as Executive Director

by Jeff Shaw

WESTMINSTER, Md. — Carroll Lutheran Village (CLV), a seniors housing community in Westminster, has named Peter Bolt as its new executive director. Bolt provides leadership oversight of day-to-day operations including following federal, state and local laws, regulations and standards governing long-term care facilities; and ensuring residents living in the life-plan community receive excellent care and outstanding customer service. Bolts’ background in senior living also includes a bachelor’s degree in healthcare management and a master’s degree in economics. He is a licensed nursing home administrator with over 25 years of senior …

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CCRCDevelopmentNewsVirginia

Erickson Opens $500M Avery Point CCRC in Short Pump, Virginia

by Jeff Shaw

SHORT PUMP, Va. — Erickson Senior Living has opened the doors on Avery Point, a continuing care retirement community in Short Pump, a suburb of Richmond. The community is situated on a 94-acre campus and currently features 216 units of independent living. A second phase currently under construction will add 107 more independent living units. Upon full build-out, plans call for 1,160 independent living units in addition to an on-site continuing care neighborhood offering assisted living, memory care and skilled nursing services. The property is Erickson Senior Living’s third in …

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CCRCDevelopmentNewsNorth Carolina

Liberty Breaks Ground on Hayes Barton Place CCRC in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Liberty Senior Living has broken ground on Hayes Barton Place, a seniors housing community in Raleigh. Scheduled to open in 2024, the property is just three miles northwest of the heart of downtown Raleigh. A continuing care retirement community, Hayes Barton Place will feature an undisclosed number of independent living, assisted living, memory care, skilled nursing and rehabilitation units. Project partners include Grubb Ventures, Williams Realty and Building CO., Brasfield & Gorrie, WithersRavenel, Clancy and Theys Co., LS3P and Liggett Design Group.

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CCRCFinanceNewsOregon

Ziegler Arranges $42.4M Refinancing for Rose Villa in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — Ziegler has arranged a $42.4 million Cinderella bank placement, as well as a $7 million taxable revolving line of credit, for Rose Villa, a continuing care retirement community in Portland. Situated on 21.5 acres, the community currently features 261 independent living homes, 16 nursing beds and 16 residential care beds. In addition, Rose Villa’s Phase III project adding 41 new independent living homes and a replacement supportive care neighborhood has come online with move-ins beginning in July 2022. Phase III was fully presold. Truist Bank will provide …

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CCRCFinanceNewsWashington

Ziegler Arranges $74.6M Financing for Heron’s Key CCRC in Gig Harbor, Washington

by Jeff Shaw

GIG HARBOR, Wash. — Ziegler has arranged $74.6 million in financing for Heron’s Key, a continuing care retirement community located across Puget Sound from Tacoma in Gig Harbor. Currently, the community consists of 194 independent living units, 30 skilled nursing beds and 51 assisted living units. Heron’s Key is a subsidiary of Emerald Communities, which is based in Redmond. Emerald Communities will use proceeds of the Cinderella bank placement with other available funds to advance refinance its 2015 bonds, which financed the original construction of the community. The loan was …

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CCRCFinanceNewsPeopleWashington

Emerald Communities Hires Diana Jamison as Chief Financial Officer

by Jeff Shaw

REDMOND, Wash. — Emerald Communities, a nonprofit owner-operator based in Redmond, Washington, has hired Diana Jamison as vice president and chief financial officer (VP-CFO). Jamison will be responsible for the overall strategic and operational aspects of finance, accounting and information technology. She will work closely with the president and CEO of Emerald Communities, senior management, the board of directors, residents and numerous community partners to ensure Emerald Communities and its senior living properties Heron’s Key and Emerald Heights all meet their financial and business goals. Prior to joining Emerald Communities, …

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CCRCDevelopmentIndependent LivingKansasNews

Erickson Opens Independent Living Expansion at Tallgrass Creek in Overland Park, Kansas

by Jeff Shaw

OVERLAND PARK, Kan. — Erickson Senior Living has opened Santa Fe Ridge, an independent living expansion at its Tallgrass Creek continuing care retirement community. Located on 65 acres in the Overland Park suburb of Kansas City, Tallgrass Creek now features 96 new units. In addition to the new residences, Santa Fe Ridge features an indoor pickleball court and a new restaurant. The building is named for the historic Santa Fe Trail, which opened in 1821 and served as the most important route to the West before the era of the …

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CCRCDevelopmentFinanceFloridaNews

Ziegler Arranges $30M Bond Financing for Vicar’s Landing CCRC Expansion in Ponte Vedra Beach, Florida

by Jeff Shaw

PONTE VEDRA BEACH, Fla. — Ziegler has arranged $30 million in bond financing for Vicar’s Landing, a continuing care retirement community in Ponte Vedra Beach, approximately 20 miles southeast of Jacksonville. The community occupies a 24.3-acre site within Sawgrass, a 4,800-acre private resort and residential community. Sawgrass includes four golf clubs including TPC Sawgrass, the Sawgrass Marriott Resort, a shopping center and other residential and recreational amenities. Vicar’s Landing currently features 227 independent living units, 38 assisted living apartments and 60 skilled nursing beds. The financing will fund a Phase …

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CCRCNewsOperationsTexas

The Buckingham in Houston Names Philip Jacob as Executive Director

by Jeff Shaw

HOUSTON — The Buckingham, a continuing care retirement community in Houston, has named Philip Jacob as its new executive director. Jacob joined the community as a health care administrator in 2011, and mostly recently served as interim executive director. He brings several years of experience from SavaSeniorCare’s Houston properties. Under his tenure, the community earned and continues to receive a five-star rating from the Centers for Medicare and Medicaid Services (CMS). The healthcare center continues to achieve the highest clinical outcomes in the city and received deficiency-free surveys in 2015 …

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CCRCDevelopmentNewsWashington

Emerald Communities Starts Expansion Project at Emerald Heights CCRC in Redmond, Washington

by Jeff Shaw

REDMOND, Wash. — Emerald Communities has started construction of an expansion project at Emerald Heights, a continuing care retirement community (CCRC) in the Seattle suburb of Redmond. The new building, named Courtyard, will rise three stories and feature 42 independent living units ranging in size from 826 to 1,726 square feet. Dean Kelly of the architecture firm Rice Fergus Miller, who worked on Emerald Heights’ previous expansion in 2014, led the design of the new building. The Courtyard will total 70,638 square feet plus a 35,703-square-foot underground parking structure. GLY …

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