AUSTIN, Texas — Berkadia has brokered the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living facility located in South Austin. A publicly traded REIT acquired the property for an undisclosed price. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare arranged the sale on behalf of the seller, Bridgewood Property Co., the original developer. Bridgewood’s wholly owned management company, The Aspenwood Co., will continue to operate the property on behalf of the new owner.
PORT WASHINGTON, N.Y. — Focus Healthcare Partners is currently underway on a $28 million renovation project at an independent living property in Port Washington. Focus Healthcare recently acquired the community, which is being rebranded as The Sinclair at Port Washington. Previously, the community was operated as The Harborside. The property’s new name pays homage to author Sinclair Lewis, who lives in Port Washington during the early 1900s. Planned upgrades include a new wellness center, apartment renovations, refreshes to interior common spaces, a new culinary program, a movie theater, expanded outdoor recreation …
NAPLES, Fla. — Senior living operator, developer and investor Distinctive Living has acquired ownership of Seascape at Naples, a community located in Naples, in a joint venture with an undisclosed global investment firm. Totaling 198 units, Seascape at Naples features independent living, assisted living and memory care residences. Amenities at the property, which Distinctive Living manages, include a heated pool, bistro, salon, spa, fitness center, outdoor courtyard and walking paths. According to the company, having partial ownership will allow Distinctive Living to fully integrate its proprietary operation solutions. “Seascape at Naples …
MURFREESBORO, Tenn. — National Health Investors (NYSE: NHI), has issued a formal, written notice to an affiliate of National HealthCare Corp. (NYSE: NHC) that the tenant is in default under its master lease with NHI. According to NHI, NHC is in non-compliance with multiple non-monetary provisions of the master lease agreement, which dates back to October 1991. The affiliate of NHC occupies 32 of NHI’s skilled nursing facilities and three of the company’s independent living facilities. According to an SEC filing by NHC, the company’s lease agreement with NHI includes a …
ROCK HILL, S.C. — Nonprofit owner and operator Acts Retirement-Life Communities has announced plans for the expansion of Park Pointe Village in Rock Hill. Upon completion, the project will add 130 new independent living units, including both apartments and carriage homes, as well as 20 assisted living suites and a memory care neighborhood. In addition, Acts plans to develop an 18,000-square-foot clubhouse as part of the expansion. Plans also feature new indoor and outdoor amenities, including walking trails, pickleball courts and new restaurants and gathering spaces. Acts currently manages 28 senior …
PLYMOUTH, Minn. — Construction firm Kraus-Anderson has completed the second phase of a $41.8 million expansion at Trillium Woods, a senior living community located in Plymouth. Designed by Pope Design Group, the expansion totals 160,321 square feet across five stories and adds 18 assisted living units, 16 memory care units, 52 independent units and 67 underground parking spaces. Construction on the project began in April 2024. Amenities at Trillium Woods include an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio and guest suites. Life …
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How Tech-Forward Entertainment Drives Resident Satisfaction, Revenue
The next generation of residents entering senior living communities is more digitally native than ever before. Many have embraced mobile devices, smart technology and digital streaming, and they expect the same convenience and technology in their seniors housing environments. According to a recent AARP survey, nearly two-thirds of respondents say technology enriches their lives by making daily life and aging easier. They’re increasingly using digital services to manage their finances, social lives and health and wellness. AARP research also found that among adults aged 50 and over, 91 percent own …
RANCHO CORDOVA, Calif. — Developer, owner and operator Hawthorn Senior Living has opened Bear Hollow Estates, a new independent living community located in Rancho Cordova, roughly 15 miles outside Sacramento. Totaling 149 units, the property features studio, one- and two-bedroom apartments. Amenities at the $46.5 million development include a fitness studio, movie theater, billiards lounge, pub, salon and library. Outdoor features include walking paths, raised garden beds and a fire-pit courtyard. This marks Hawthorn Senior Living’s sixth community in California. Hawthorn’s national portfolio comprises more than 70 communities.
ATHENS, Ga. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta. Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center. Amenities at the community will include pickleball and bocce ball facilities, pavilions with grill stations, fire …
MARANA, Ariz. — Stellar Senior Living has acquired La Sonora at Dove Mountain, a seniors housing community located in Marana, roughly 20 miles northwest of Tucson. Totaling 152 units, the property features independent living, assisted living and memory care residences. The seller and sales price were not disclosed. Stellar Senior Living, which was founded in 2011, is headquartered in Salt Lake City.