Wednesday, December 25, 2024
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Independent Living

DevelopmentIndependent LivingNewsWashington

Watermark, Alliance Complete Independent Living Expansion at Watermark at Bellevue

by Jeff Shaw

BELLEVUE, Wash. — Watermark Retirement Communities and Alliance Residential Co. have completed construction of a new independent living tower at Watermark at Bellevue in the Seattle suburb of Bellevue. The community now offers a continuum of care, with its existing assisted living and memory care spaces. The property features 110 assisted living apartments and 26 memory care units. The expanded Watermark at Bellevue, now totaling 360,000 square feet, spans an entire city block. The 155-unit, 22-story independent living tower features studios, one-bedroom and two-bedroom apartments.  Watermark at Bellevue is adjacent …

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AcquisitionsIndependent LivingNewsNorth CarolinaOperations

SRI Management Takes Over Operations of Trevi Vibrant Senior Living in Charlotte

by Jeff Shaw

CHARLOTTE, N.C. — SRI Management has expanded into North Carolina with the management transition of Trevi Vibrant Senior Living, an independent living community in Northeast Charlotte.  Located between I-485 and the Charlotte Motor Speedway, Trevi Vibrant Senior Living is close to Concord Mills, offering abundant shopping, entertainment, hospitality and medical options. Trevi Vibrant Senior Living is part of the 45-acre Trevi Village mixed-use development.

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AcquisitionsIndependent LivingNewsNorth Carolina

Blueprint Brokers Sale of 143-Unit Community in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 143-unit independent living community in Raleigh. Opened in 2019, the community features a variety of unit types catering to a range of price points. While performance lagged in the wake of COVID, the community experienced positive momentum throughout 2023 and early 2024 and was trending toward stabilization at the time of marketing, according to Blueprint. The seller was a national developer/investor. Focus Healthcare Partners and Solera Senior Living acquired the asset for an undisclosed price. Alex …

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AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsVideosWebinars

Webinar: Meet Seniors Housing’s Contrarians — A Handful of Investors Go Big in a Challenging Environment

by Sarah Daniels

The June 27 webinar “Meet Seniors Housing’s Contrarians — A Handful of Investors Go Big in a Challenging Environment” covered the difficulties and opportunities in seniors housing, including the impact of rising interest rates, the rise of regional operators and best practices for meeting regulatory requirements. The panel of industry experts also shared insights on managing troubled assets and adapting to post-pandemic challenges in the healthcare real estate industry. Despite concerns about affordability and rising insurance costs, there were signs of growth and opportunity in the sector. Speakers emphasized the …

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AcquisitionsIndependent LivingNewsNorth CarolinaOperations

Focus Healthcare Properties Names Solera as Operator of The Willows at Raleigh Independent Living Community

by Jeff Shaw

RALEIGH, N.C. — Solera Senior Living, a Denver-based operator, developer and investor of senior living communities across the U.S., has been named the operator of The Willows at Raleigh, an independent living community in Raleigh. Focus Healthcare Properties recently acquired the property.  The Willows offers 143 independent living residences. It is located in a residential area with easy access to big-city amenities. Residents are near shopping and dining, as well as major attractions in the capital city: North Carolina State University, the NC State Fairgrounds, Millbrook, Wake Forest and Falls …

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DevelopmentIndependent LivingMarylandMemory CareNews

Lutheran Social Ministries Breaks Ground on Phase II Expansion of Lutheran Village at Miller’s Grant in Ellicott City, Maryland

by Jeff Shaw

ELLICOTT CITY, Md. — Lutheran Social Ministries of Maryland has broken ground on Phase II of its expansion at Lutheran Village at Miller’s Grant. The seniors housing property is located in Ellicott City, a suburb west of Baltimore.  The project will add a new performing arts center, chapel and independent living apartment building while expanding the healthcare center and assisted living to include a new memory care support neighborhood.  The performing arts center and chapel will serve as a multifunctional, 17,000-square-foot space, a hub for residents and team members to …

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Assisted LivingFinanceIndependent LivingNew MexicoNews

JLL Arranges Refinancing for 220-Unit Fairwinds Rio Rancho in New Mexico

by Jeff Shaw

RIO RANCHO, N.M. — JLL Capital Markets has arranged a refinancing for Fairwinds Rio Rancho, a three-story, 220-unit independent living and assisted living community located in Rio Rancho, a suburb north of Albuquerque. JLL represented the borrower, Lytle Enterprises, and secured the five-year, fixed-rate loan through a life insurance company. The amount of the loan was not disclosed. Fairwinds Rio Rancho totals 211,213 square feet. It was built in 1997 and renovated in 2019. Alanna Ellis, Jay Wagner, Aaron Rosenzweig and Alex Sheaffer led the JLL team.

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AcquisitionsColoradoIndependent LivingNews

Walker & Dunlop Negotiates Sale of 125-unit Lakeview Senior Living in Lakewood, Colorado

by Jeff Shaw

LAKEWOOD, Colo. — Walker & Dunlop has negotiated the sale of Lakeview Senior Living, a 125-unit independent living community in the Denver suburb of Lakewood. Livingston Street Capital acquired the community, which was built in 2008. The seller and price were not disclosed. Joshua Jandris led the Walker & Dunlop team.

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Company NewsIndependent LivingNewsOperations

Welltower to Transition 89 Holiday Properties to New Operators

by Jeff Shaw

TOLEDO, Ohio — Welltower (NYSE: WELL), a Toledo-based REIT that is the largest owner of seniors housing in the country, has announced plans to transition a portfolio of 89 Holiday by Atria properties to new operators. Welltower acquired the bulk of the properties in 2021 as part of Atria Senior Living’s acquisition of former independent living giant Holiday Retirement, which at the time represented the seventh-largest seniors housing operator buying the third-largest. The American Seniors Housing Association, which tracks the 50 largest U.S. owners and operators of seniors housing annually, reports …

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