Colorado

SCOTTSDALE, Ariz. — Cadence Living has hired Ronnie Brown as vice president of operations for the Mountain Region. Brown will have principal responsibility over operations of the Cadence Living managed communities in Colorado. She brings over 22 years of senior living sales and operations experience to Cadence, including more than 15 years oversight for communities in Colorado. Prior to joining Cadence, Brown was regional director of operations supporting communities in Arizona, Ohio and South Carolina. Over her 22-year career in the senior living industry, she has worked for Brookdale Senior …

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AURORA, Colo. — Anthem Memory Care has named Jennifer Davidson as executive director for Chelsea, a memory care community in Aurora. In this capacity, she will oversee all daily care, programming and operations. Davidson was senior general manager for the Carillion at Belleview Station in Denver. She was also area director of operations for Lincoln Meadows Senior Living in Parker. Davidson brings over 20 years of senior living experience to this position. She earned a bachelor’s degree in sociology at Metropolitan State University of Denver.

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MONUMENT, Colo.— WellAge has selected Cindy Batey to serve as the executive director of Jackson Creek Senior Living in Monument. Batey will oversee operations for Jackson Creek’s 137 independent living, assisted living and memory care apartments. Batey is a Monument native who has spent more than 33 years in the seniors housing industry working at various communities throughout Colorado Springs and Denver.

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BALTIMORE — Capital Funding Group, a Baltimore-based lender, has provided a $262.6 million term loan to refinance a 29-asset long-term care portfolio. Spanning Colorado, California and Wyoming, the portfolio includes 28 skilled nursing facilities and one joint skilled nursing and assisted living facility, with a total of 3,140 beds. The borrower is a privately owned real estate investment group. Erik Howard and Director Tim Eberhardt originated the transaction for Capital Funding Group.

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LITTLETON, Colo. — Athem Memory Care has named Danae Mierau as executive director of Willowbrook Place in Littleton. She will be overseeing all daily care, programming and operations. Mierau previously was director of rehabilitation and physical therapy with Legacy Healthcare in Littleton. She has also served as a physical therapist with Berkley Home Health Care in Aurora. Mierau graduated with a doctorate in physical therapy and a bachelor’s degree in health sciences from the University of Missouri.

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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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CENTENNIAL, Colo. — MorningStar Senior Living and Edgemark Development LLC have unveiled plans for MorningStar Senior Living at Holly Park in the Denver suburb of Centennial. Groundbreaking is scheduled for fourth-quarter 2021 for planned completion in 2023. The four-story project will be located on three acres and offer 160 units of independent living, assisted living and memory care. This will be MorningStar’s second location in Centennial and 13th in Colorado. MorningStar and Edgemark will co-develop and own the community.

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LAKEWOOD, COLO. — Marcus & Millichap has arranged the sale of The Homestead at Lakewood, a seniors housing property in Lakewood. An undisclosed buyer acquired the property for $8.3 million. Greg Parker and Greg Price of Marcus & Millichap’s Denver office represented the seller, a private investor, in the deal. Phillip Gause of Marcus & Millichap Capital Corp. arranged acquisition financing for the buyer. Constructed in 1999 under the Low-Income Housing Tax Credit program, The Homestead at Lakewood features 58 units in a mix of studio, one- and two-bedroom units …

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DENVER — HJ Sims has arranged $3.8 million in Retroactive Property Assessed Clean Energy (PACE) financing for StoneCreek Real Estate Partners, a Dallas-based developer. StoneCreek develops and owns seniors housing communities in Texas, Colorado and Arizona, with Civitas Senior Living as the operator. The StoneCreek Littleton development is a 92-unit senior housing community with 70 assisted living units and 22 memory care units. The community opened in January of 2020 and provides local access to quality senior housing and care in the Littleton area of Denver. With occupancy and operational …

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DENVER, BERTHOUD and BOULDER, Colo. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of three skilled nursing facilities in Colorado: Boulder Canyon Health and Rehabilitation, a 140-bed skilled nursing facility located in Boulder. Berthoud Care and Rehabilitation, a 76-bed skilled nursing facility located in Berthoud. South Valley Post-Acute Rehabilitation, a 106-bed skilled nursing facility located in Denver. These acquisitions are subject to a long-term, triple-net lease. The seller and price were not disclosed. This transaction brings Ensign’s portfolio to 235 healthcare operations, 22 of which also include …

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