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Independent Living

Safer Senior Living transition as panelists talk about FCC regulations and telephone systems
Active AdultAffordable HousingCCRCFeaturesIndependent LivingIndustry ContentMemory CareOperationsTechnologyVideosWebinars

Webinar: Safer Senior Living — Next-Gen Emergency Response Solutions

by Sarah Daniels

The Sept. 26 webinar “Safer Senior Living — Next-Gen Emergency Response Solutions,” sponsored by Kings III Emergency Communications, covered many aspects of managing risk within seniors housing communities. This brief discussion highlighted new emergency communication technology, the challenges of traditional phone lines due to the 10-72A1 order from the Federal Communications Commission (FCC), as well as best practices for code compliance. The panelists also broke down the benefits of cellular technology over voice over internet protocol (VoIP) systems, services for high-risk areas, two-way communication services and video monitoring in elevators. …

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AcquisitionsAssisted LivingIndependent LivingKentuckyNews

Senior Living Investment Brokerage Arranges Sale of Four-Property Portfolio in Western Kentucky

by Channing Hamilton

HENDERSON, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a four-property portfolio in Henderson, located in western Kentucky along the Ohio River and approximately 11 miles south of Evansville, Ind. Known as the Colonial Portfolio, the properties in the transaction included Colonial Assisted Living (69 units), Colonial Court Independent Living (22 units), Colonial Senior Living (51 assisted living units) and Colonial Cottages (16 independent living units). The seller was a local owner who developed and operated the assets since their inception. The buyer was a Kentucky-based owner and operator looking to grow its portfolio …

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FinanceIndependent LivingMarylandNews

Enterprise Community Development Secures $116.4 Million in Financing for Three Affordable Housing Properties in Maryland

by Channing Hamilton

BALTIMORE AND ANNAPOLIS, MD. — Enterprise Community Development Inc. has secured $116.4 million in financing for three affordable housing communities in Maryland. The three communities are The Greens at Irvington Mews II and Park Heights Place, both located in Baltimore, and College Parkway Place in Annapolis. The Greens at Irvington Mews II is a 59-unit community for independent seniors. The project is currently underway and is slated to complete in October 2025. Of the property’s total unit count, 47 residences will be set aside for residents earning up to 50 percent …

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AcquisitionsAssisted LivingFinanceFloridaIndependent LivingMemory CareNews

JLL Capital Markets Closes Sale, Financing of Seniors Housing Community in South Florida

by Channing Hamilton

LAKE WORTH, Fla. — JLL Capital Markets has brokered the sale of Mariposa, a 313-unit seniors housing community in Lake Worth, located about 17 miles south of West Palm Beach and 20 miles north of Boca Raton. The real services firm also secured financing for the buyer. The seller and sales price were not disclosed, but the South Florida Business Journal reports that the facility sold for nearly $63.8 million. The seller was Ventas, the Chicago-based healthcare real estate investment trust. JLL represented the seller, and procured the buyer, Focus Healthcare Partners. Additionally, JLL …

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AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperations

Tempo of Deal Velocity Increases as Industry Enters Homestretch of 2024

by Channing Hamilton

By Matt Valley Following a quiet end-of-summer period on the dealmaking front — “quieter than it has been for years with the exception of the pandemic” — Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen encountered a flurry of transaction activity in late August and early September.  “It’s been gangbusters, and what we’re seeing is primarily seniors housing assets (independent living and assisted living) coming to market,” said the veteran REIT executive who participated in the webinar Seniors Housing Business hosted on Sept. 5, titled “Creating Value in Seniors Housing — …

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Lockwood of Ann Arbor in Ann Arbor, Michigan
DevelopmentIndependent LivingMichiganNews

Lockwood Cos. Opens 154-Unit Independent Living Community in Ann Arbor, Michigan

by Channing Hamilton

ANN ARBOR, Mich. — Lockwood Cos., a developer and manager of senior living communities, has opened Lockwood of Ann Arbor. With a focus on independent living, the community features 154 senior apartments, with 65 of these units designated as affordable housing. Households earning up to 60 percent of area median income will be eligible for the affordable units. The $47 million development is designed to provide high-quality, accessible living for seniors in Washtenaw County, addressing the growing need for seniors housing as the local population continues to age. The facility is equipped …

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Creating Value in Seniors Housing panel
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle

by Sarah Daniels

The Sept. 5 webinar “Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle,” sponsored by CBRE, brought together industry leaders to discuss the current trends shaping the seniors housing market, including occupancy rates, strategic investments and the evolving landscape of assisted living, memory care and independent living communities. This discussion covered innovative technologies, economic factors influencing cap rates, considerations about the future of care and analysis of increasingly sophisticated operations strategies. Expert panelists shared their experiences and projections for the sector, including the increasing demand for seniors housing …

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DevelopmentFinanceIndependent LivingNewsWashington

Ziegler Arranges $62.4M Financing for Parkshore Juanita Bay in Kirkland, Washington

by Jeff Shaw

KIRKLAND, Wash. — Ziegler has arranged $62.4 million in bond financing for Parkshore Juanita Bay, a 50-unit independent living community in the Seattle suburb of Kirkland. The borrower was originally founded in 1932 to provide housing and care for German seniors. In 1977, the organization constructed an assisted living retirement home known as The Gardens at Juanita Bay in Kirkland’s historic Juanita Bay neighborhood on the shores of Lake Washington.  In December 2018, the community affiliated with Presbyterian Retirement Communities Northwest, now known as Transforming Age. In 2021, management announced …

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Town Village Vestavia Hills
AlabamaFinanceIndependent LivingMichiganNewsOklahomaTennessee

JLL Arranges $115M Bridge Financing for Town Village Independent Living Portfolio 

by Jeff Shaw

DUBLIN, Ohio — JLL Capital Markets has secured a $115 million bridge financing for a portfolio of four Town Village independent communities totaling 852 units spanning across Alabama, Tennessee, Oklahoma and Michigan. JLL represented the borrowers, Chicago Pacific Founders and Grand Park Capital, in arranging the three-year, nonrecourse loan through Ally Bank. The properties were built between 2000 and 2002 and have all undergone renovations by the borrowers.  Jay Wagner, Rick Swartz, Joel Mendes, Dan Kearns, Jim Dooley and Robert Tonnessen led the JLL team.

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ArizonaDevelopmentIndependent LivingNews

Senior Resource Group Begins Expansion of Maravilla Scottsdale in Arizona

by Jeff Shaw

SCOTTSDALE, Ariz. — Senior Resource Group has started the planned expansion of Maravilla Scottsdale, a seniors housing community in the Phoenix suburb of Scottsdale. Neighboring the Fairmont Scottsdale Princess hotel and The Champions Course at TPC Scottsdale golf course, Maravilla Scottsdale has served older adults since its opening in 2012. The current community comprises 217 units, including 157 independent living, 36 assisted-living and 24 memory care residences.  The expansion will add 162 more independent living residences, consisting of 47 casitas and 115 lodge homes. Construction is ahead of schedule on …

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