Independent Living

Ackerly-at-Sherwood_Sherwood-Ore
AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareNewsOregon

BMO Healthcare Provides $41M Acquisition Financing for Community Near Portland, Oregon

by Hayden Spiess

SHERWOOD, Ore. — BMO Healthcare’s Real Estate Finance group has provided a $41 million loan for the acquisition of The Ackerly at Sherwood, a senior living community located in Sherwood, roughly 15 miles southwest of Portland. A joint venture between an institutional investor and Merrill Gardens is the borrower. Merrill Gardens will manage and operate the property.  The Ackerly at Sherwood totals 130 units with independent living, assisted living and memory care residences.  Based in Seattle, Merrill Gardens manages more than 60 seniors housing communities across 20 states. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Harbert-Seniors-Housing-Fund-Community_Metro-Los-Angeles
Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNews

Live Oak Bank Provides $25M Bridge Financing For Community Near Los Angeles

by Hayden Spiess

LOS ANGELES —Live Oak Bank has provided a $25 million bridge-to-sale loan to finance a community located near Los Angeles.  An entity doing business as Harbert Seniors Housing Fund I LP is the borrower. The financing features a three-year initial term, 36 months of interest-only payments and $2.8 million in potential future earnout proceeds.  The property totals 97 units, with independent, assisted living and memory care residences. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Merrill-Gardens-Cedar-Mill_Portland-Ore
AcquisitionsAssisted LivingIndependent LivingMemory CareNewsOregon

Merrill Gardens Adds Three Communities in Metro Portland, Oregon

by Hayden Spiess

PORTLAND, Ore. — Merrill Gardens, a senior living owner and operator, has added three communities to its Oregon portfolio.  Located in metro Portland, the properties include Merrill Gardens at Cedar Mill, Merrill Gardens at Sherwood and Merrill Gardens at Hillsboro. Merrill Gardens acquired the communities as part of a joint venture with PGIM.  An ownership group led by Rembold sold the Cedar Mill and Sherwood properties. Built in 2016, Merrill Gardens at Cedar Mill in Portland totals 163,975 square feet with 147 independent living, assisted living and memory care units.  Merrill …

Continue Reading
0 FacebookTwitterLinkedinEmail
hospitality/TV Seniors quote from article by Peter Feeney
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnology

How to Leverage TV to Improve Operating Margins, Resident Experiences

by Sarah Daniels

After seniors housing occupancy experienced a dramatic slump during the pandemic lockdowns and a plodding recovery, demand for senior living is now as strong as ever. However, financial pressures such as rising labor, healthcare and insurance costs continue to plague the industry, and experts don’t expect much relief from these factors in the near future. Against that backdrop, seniors housing owners and operators are seeking innovative ways to balance their budgets via new revenue sources without compromising the resident experience. One solution that can satisfy those criteria incorporates a technology …

Continue Reading
2 FacebookTwitterLinkedinEmail
Millenia-Moments_Orlando-Fla
Assisted LivingDevelopmentFinanceFloridaIndependent LivingMemory CareNews

JLL, HJ Sims Secure $134.3M Tax-Exempt Bond Financing for Seniors Housing Development in Orlando

by Hayden Spiess

ORLANDO, Fla. — JLL and HJ Sims have arranged $134.3 million in tax-exempt bond financing for a seniors housing development currently underway in Orlando.  Dubbed Millenia Moments Orlando, the community will feature 151 independent living, 78 assisted living and 32 memory care units. Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network (TBN), is the developer and borrower.  Completion of the facility, which will total 316,900 square feet, is scheduled for 2027. The community will feature floorplans in one- and two-bedroom layouts. Memory care residences will include 26 private …

Continue Reading
0 FacebookTwitterLinkedinEmail
Miranda Sliter Kings III elevator code compliance seniors quote
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentSkilled NursingTechnology

Two-Way Audio-Visual Systems Offer Innovative, Reassuring Solutions for Elevator Emergencies

by Sarah Daniels

Elevators are something that most people take for granted until there’s a problem. Senior living residents may face various communication difficulties that can make elevators, and related emergencies, especially difficult to navigate. Hearing loss, vision impairments, difficulty speaking, confusion and anxiety can intensify the impact of mechanical malfunctions, medical emergencies or situations where residents become disoriented and unsure of their surroundings.  When dealing with these problems in a senior living setting, where residents are often in more vulnerable conditions, there is a heightened sense of urgency. Having both eyes and …

Continue Reading
2 FacebookTwitterLinkedinEmail
The-Village-at-Gainesville
AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

SantaFe Healthcare Sells 100-Acre Senior Living Property in Gainesville, Florida

by Hayden Spiess

GAINESVILLE, Fla. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Variel_Woodland-Hills-Calif
Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNewsPennsylvania

BWE Secures $308M Refinancing for Two Communities in California, Pennsylvania

by Hayden Spiess

LOS ANGELES and AMBLER, Pa. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing of a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located northwest of Los Angeles in Woodland Hills, California, The Variel is a 336-unit community that offers independent living, assisted living and memory care …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fall Detection Allison Rainey MatrixCare
Active AdultAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnology

How Ambient Sensing Technology Transforms Resident Wellness

by Sarah Daniels

New tools are helping seniors housing providers detect fall risks early, giving them an edge in prevention while preserving residents’ privacy and dignity. This technology is part of a new frontier in healthcare: tracking and identifying changes in behavior earlier and earlier while providing tailored alerts and wellness insights to improve outcomes. “We are always looking for opportunities to reduce falls and maintain, or improve, the overall health and wellbeing of our residents,” says Mark Mountel, director of technology at Life Enriching Communities (LEC). The not-for-profit owner and operator of …

Continue Reading
3 FacebookTwitterLinkedinEmail
Rose-Arbor-Village_Sacramento-Calif
AcquisitionsAssisted LivingCaliforniaIndependent LivingMemory CareNews

Alta Senior Living Acquires 162-Unit Community in Sacramento, California

by Hayden Spiess

SACRAMENTO, Calif. — Alta Senior Living has acquired a 162-unit seniors housing community located in Sacramento. Alta purchased the property with joint venture partner Brasa Capital Management.  Formerly known as The Village at Heritage Park, the property will be rebranded as Rose Arbor Village. Built in 2017, the community features independent living, assisted living and memory care residences.  Alta plans to implement a repositioning strategy that includes upgrading amenities, strategic lease-up initiatives and enhancing resident engagement.  “We’re excited to add another full continuum community to our portfolio at an attractive basis …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts