Wednesday, April 30, 2025
Read the Magazine Subscribe

CCRC

CCRCNewsPeople

Emerald Communities Appoints Uche Okezie as Board Member

by Jeff Shaw

REDMOND, Wash. — Emerald Communities, a Redmond-based nonprofit seniors housing organization serving Emerald Heights and Heron’s Key, has appointed Uche Okezie as its newest board member. In her role on the board, Okezie will serve Emerald Communities, Emerald Heights and Heron’s Key for a three-year term. She will also attend seven board meetings annually, serve on one or more board committees and task forces, and collaborate for the good of the three organizations. Okezie has nearly two decades of project and relationship management experience in multifamily housing, government and nonprofit …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentNewsVirginia

Focus Healthcare Partners Completes $67M Renovation Project at The Virginian CCRC in Fairfax

by Jeff Shaw

FAIRFAX, Va. — Focus Healthcare Partners has completed a $67 million renovation project at The Virginian, a 32-acre continuing care retirement community (CCRC) in the D.C. suburb of Fairfax. LCS operates the property. This project included adding an array of advanced technology, sustainability initiatives, lifelong learning opportunities and healthcare services. Amenities now include multiple dining venues, a wine cellar, sports bar, indoor golf simulator, theater, entertainment venues, three full-service salons, technology areas and a spa under development. Outdoor areas include pickleball, bocce ball, a putting green, a dog park and …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceIndependent LivingNewsNorth Carolina

Ziegler Arranges $67.2M Bond Financing for United Methodist Retirement Homes

by Jeff Shaw

DURHAM, LUMBERTON and GREENVILLE, N.C. — Ziegler has arranged $67.2 million in bond financing for The United Methodist Retirement Homes (UMRH), a North Carolina-based nonprofit owner-operator of three continuing care retirement communities in the state. The borrower’s portfolio includes Croasdaile Village Retirement Community in Durham, Wesley Pines Retirement Community in Lumberton and Cypress Glen Retirement Community located in Greenville.  In total, the three communities comprise a total of 690 independent living units, 28 memory care units, 112 assisted living units and 194 skilled nursing units, which ranks UMRH as the …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCCRCDevelopmentIndependent LivingNews

Ryan Cos. Completes 142,000 SF Second Phase of Friendship Village Tempe Redevelopment in Arizona

by Jeff Shaw

TEMPE, Ariz. — Ryan Cos. US Inc. has completed the second phase of a master-planned renovation on the 50-acre campus of Friendship Village Tempe.  The newly constructed, four-story, 142,000-square-foot building is 89 percent occupied. LCS Development is leading the project, and the operator is LCS. Friendship Village Tempe, one of the first continuing care retirement communities in the region, was originally built in 1980. The revitalization of its campus began with Phase I of construction in 2019. Ryan A+E Inc., the design studio of Ryan, was the architect for both …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentNewsSouth Dakota

Sanford Health Plans 330-Unit CCRC in Sioux Falls, South Dakota

by Jeff Shaw

SIOUX FALLS, S.D. — Sanford Health has announced plans to build Good Samaritan Society – Founder’s Crossing, a continuing care retirement community (CCRC) in Sioux Falls.  The developer plans to break ground this spring. The first phase of the project calls for 146 independent living villas, 120 independent living apartments, 32 assisted living apartments and 32 memory care apartments, due for delivery in 2026.  A second phase over the following two years will add a short-term rehabilitation and long-term care center, additional villas, a Sanford Health clinic and a Lewis …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCCRCNewsOhio

Blueprint Negotiates Sale of Richmond Heights Place CCRC in Metro Cleveland

by Jeff Shaw

RICHMOND HEIGHTS, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Richmond Heights Place, a continuing care retirement community in Richmond Heights, a suburb northeast of Cleveland. The property, featuring a total of 138 seniors housing units and skilled nursing beds, was part of a strategic exit plan by a West Coast-based owner-operator. A private owner-operator looking to expand in the Midwest acquired the asset for an undisclosed price. Connor Doherty, Ryan Kelly and Dan Mahoney led the Blueprint team.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCCRCMassachusettsNews

HumanGood Completes Affiliation with Two-Property Pleasant Spring Communities

by Jeff Shaw

BOSTON — HumanGood, the nation’s seventh-largest nonprofit, has completed its affiliation with Pleasant Spring Communities, which oversees Springhouse and Mount Pleasant Home and has provided senior living in Boston for more than a century.  The plan was announced in August, but required regulatory and lender approval before it could be consummated. “Now approved, the affiliation between HumanGood and Pleasant Spring Communities will enable Springhouse and Mount Pleasant Home to enhance their operational efficiencies, streamline processes, and introduce innovative programs that further enrich the lives of residents while also providing more opportunities …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCCRCDevelopmentNews

California Commercial Investment Group Plans 300-Unit Community in Woodland Hills, California

by Jeff Shaw

WOODLAND HILLS, Calif. — California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 million. The buyer plans to develop a luxury senior living community encompassing approximately 300 units on the site. Construction is scheduled to begin in 2026 with completion planned for 2028. The property is located in the Santa Monica Foothills, approximately 30 miles west of Los Angeles. It is just steps from the Calabasas farmers market and adjacent to the Motion Picture & …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceFloridaNews

Ziegler Arranges $10.5M Bond Financing for Jacaranda Trace in Venice, Florida

by Jeff Shaw

VENICE, Fla. — Ziegler has arranged $10.5 million in bond financing for Jacaranda Trace, a seniors housing community in the Gulf Coast city of Venice. The borrower is Convivial Life Inc. Jacaranda Trace is part of a multi-phase, master-developed campus originally built in 1998 consisting of 436 independent living residences (apartments and villas), 19 assisted living units, 36 memory care units and a clubhouse on approximately 33 acres.  In June of 2022, the borrower used a portion of the proceeds of the issuance of 2022 bonds in the total amount …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceNews

Ziegler Arranges $69.5M Bond Financing for Acts Retirement-Life Communities

by Jeff Shaw

FORT WASHINGTON, Pa. — Ziegler has arranged $68.5 million in bond financing for Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, a northern suburb of Philadelphia. Of the total, $10.3 million were tax-exempt bonds issued through the Montgomery County Industrial Development Authority and $58.2 million were tax-exempt bonds issued through the Delaware Economic Development Authority. The proceeds will be used to reimburse a line of credit in the amount of $55 million for prior project costs in Delaware and to fund future project costs of $13 million in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts