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CaliforniaDevelopmentIndependent LivingNews

Revel Opens Independent Living Community in Folsom, California

by Jeff Shaw

FOLSOM, Calif. — Revel Communities, a division of The Wolff Company representing a portfolio of independent living communities, has opened its newest community, Revel Folsom. Revel Folsom is the latest expansion for Revel across the Western U.S. and will join Revel Palm Desert and Revel Lodi as the brand’s third independent living community in California in two years. Located 35 miles outside of Sacramento, Revel Folsom will feature views of the foothills of the Sierra Nevada Mountains. The size and number of units were not disclosed. Alicia Rist is the …

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Affordable HousingDevelopmentFinanceGeorgiaNews

Bellwether Enterprise Provides $23.9M HUD-Insured Loan for Rehab of Affordable Seniors Apartments in Atlanta

by Jeff Shaw

ATLANTA — Bellwether Enterprise Real Estate Capital LLC has provided a $23.9 million HUD 221(d)(4) loan to finance the rehabilitation of Jewish Tower and Zaban Tower, two affordable housing communities for seniors located at 3156 and 3160 Howell Mill Road in Atlanta. Jeff Mion of Bellwether’s Duluth, Ga., office originated the loan on behalf of the borrower, The Jewish Home Tower Inc. Following completion of rehabilitation, Bellwether will convert the interest-only construction period loan to a permanent loan at the same interest rate (3.99 percent) for a period of 40 …

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DevelopmentIndependent LivingNewsTexas

Forefront Living Opens 112-Unit Independent Living Expansion at Presbyterian Village North in Dallas

by Jeff Shaw

DALLAS — Forefront Living has completed The Hawthorne, an expansion project at Presbyterian Village North in Dallas. The project added 112 units of independent living at the community’s 66-acre campus. The new building is named after Douglas D. Hawthorne, founding CEO emeritus of Texas Health Resources. Hawthorne was a guiding force behind the expansion.

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DevelopmentNewsWashington

Ryan Cos., Aegis Living Underway on 92-Unit Community in Seattle’s Ballard Neighborhood

by Jeff Shaw

SEATTLE — Ryan Cos. US Inc. and Aegis Living have unveiled plans for a new seniors housing community in the Ballard neighborhood of Seattle. Construction began in March 2022 for a planned opening in early 2024. The 75 and older community is expected to grow nearly 25 percent in King County between now and 2027, according to the Environmental Systems Research Institute (ESRI). The five-level story assisted living and memory care community will total approximately 75,000 square feet and house 92 units. DAHLIN is serving as architect for the project, …

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DevelopmentFloridaNews

Experience Senior Living Plans 202-Unit The Gallery at South Tampa in Florida

by Jeff Shaw

VALRICO, Fla. — Experience Senior Living (ESL) has unveiled plans for The Gallery at South Tampa, a seniors housing community in Valrico, an eastern suburb of Tampa. Located on a 17-acre plot, ESL plans to break ground on the development before the end of the year. The 240,613-square-foot community will feature 202 homes including 30 independent living cottages, 89 independent living apartment homes, 45 assisted living apartment homes and 38 memory care suites. The Gallery at South Tampa will be ESL’s seventh community in Florida and fourth on the Gulf …

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Katherine Stewart Seniors Occupancy
AcquisitionsContent PartnersDevelopmentFeaturesFinanceIndustry ContentInvestment

Seniors Housing, Skilled Nursing Properties Regain Traction Inch by Inch

by Sarah Daniels

It could be argued that the last 30 months have presented the seniors housing and skilled nursing industries with their most adverse operating environment ever. Heading into 2023, at least some difficulties appear to be abating. Seniors housing occupancy rates continue to improve, reaching 81.4 percent in June this year, which was an improvement of 90 basis points over the March figure, according to the National Investment Center for Seniors Housing and Care (NIC). That was also 340 basis points higher than the time series low of 78 percent recorded …

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DevelopmentFeaturesNews

Supply Chain Issues Slow Seniors Housing Development as Demand Balloons, Say InterFace Panelists

by Jeff Shaw

ATLANTA — Delays in the arrival of building materials — everything from windows and roof trusses to microchips for electrical panels — is one of the biggest hurdles slowing down new seniors housing developments, according to Kristin Kutac Ward, CEO of Solvere Living. Ward’s comments came during the ninth annual InterFace Seniors Housing conference. The event, which took place Aug. 17 at the Westin Buckhead in Atlanta, was hosted by France Media’s InterFace Conference Group and Seniors Housing Business and drew 324 attendees. Joining Ward on the development panel was …

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DevelopmentFloridaNews

Allegro Plans 188-Unit Community in Fort Lauderdale, Florida

by Jeff Shaw

FORT LAUDERDALE, Fla. — Allegro Senior Living has unveiled plans for Allegro Fort Lauderdale, its 12th community in the state. The eight-story, 280,000-square-foot property will feature 188 units with views of the adjacent waterway and Atlantic Ocean. The community will offer independent living, assisted living and memory care services, though the number of units of each was not disclosed. Alliance Residential Co. is leading the development. Other partners include MSA Architects and FLYNN Engineering. Allegro Senior Living will assume management and oversight of the community upon completion. Allegro plans to …

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ArizonaAssisted LivingDevelopmentNews

Vista Living Completes 10,000 SF Community in Paradise Valley, Arizona

by Jeff Shaw

PARADISE VALLEY, Ariz. — Vista Living Senior Care Inc. has opened its newest assisted living home in Paradise Valley, a northeastern suburb of Phoenix. The 10,000-square-foot property is Vista’s fourth in the Phoenix metro. The number of units was not disclosed. “We believe that the Paradise Valley market is undersupplied,” says Vista Living CEO Brett Weisel.

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Active AdultDevelopmentNewsTennessee

McShane Completes Album Indian Lake Active Adult Community in Hendersonville, Tennessee

by Jeff Shaw

HENDERSONVILLE, Tenn. — McShane Construction Co. has completed work on Album Indian Lake, located in the heart of the Indian Lake Village in Hendersonville. The community offers 138 units for adults 55 and older. The community is Avenida’s 12th and the second between McShane and Avenida. The property offers more than 6,000 square feet of interior amenity space within a detached clubhouse within the three-story building on a five-acre site. Poole & Poole Architecture provided architectural services for the development.

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