BURLESON, Texas, and OVERLAND PARK, Kan. — CareTrust REIT Inc. (NYSE: CTRE) has acquired two skilled nursing facilities: AdventHealth Care Center Burleson, a 178-bed facility in Burleson, and AdventHealth Care Center Overland Park, a 102-bed facility in Overland Park, Kansas. The Overland Park facility represents CareTrust’s entry into the Kansas market. Blueprint Healthcare Real Estate Advisors represented the seller, AdventHealth, in the transaction. The acquisition of the Burleson facility will be an add-on to CareTrust’s existing lease with Austin, Texas-based operator Momentum Skilled Services, which will replace the outgoing operator. …
SALINA, Kan. — Lument has provided a Fannie Mae DUS loan to refinance Eaglecrest Retirement Community in Salina. Located approximately 180 miles west of Kansas City and 90 miles north of Wichita, the community features 102 units of independent living and assisted living. The operator is Midwest Health and it was built in 2004. Lument Managing Directors Bill Wilson, Doug Harper and Casey Moore led the transaction.
OVERLAND PARK, Kan. — Erickson Senior Living has opened Santa Fe Ridge, an independent living expansion at its Tallgrass Creek continuing care retirement community. Located on 65 acres in the Overland Park suburb of Kansas City, Tallgrass Creek now features 96 new units. In addition to the new residences, Santa Fe Ridge features an indoor pickleball court and a new restaurant. The building is named for the historic Santa Fe Trail, which opened in 1821 and served as the most important route to the West before the era of the …
PRAIRIE VILLAGE, Kan. — Tutera Senior Living & Health Care has completed the first phase of renovations at The Village at Mission, a senior living community in Prairie Village, a suburb of Kansas City. The full project costs are estimated at $6.5 million. Tutera acquired The Village at Mission property in June 2021. Phase I of the 73,000-square-foot remodel includes 26 resident apartments and first-floor common living spaces. The residences have been modernized with new lighting, fresh furnishings, cabinetry, flooring, paint and other upscale finishes. The common living space upgrades …
KANSAS — Monarch Advisors has arranged $6.1 million in financing for the acquisition of two seniors housing communities in Kansas. The buyer is a long-time owner-operator in Kansas senior care. The seller, price and location details were not disclosed. A regional bank provided the funds. The three-year, floating-rate loan is structured with no financial covenants and interest-only payments for the first 18 months, converting to a 25-year amortization schedule thereafter.
LENEXA, Kan. — Cushman & Wakefield has arranged $24.6 million in financing for the acquisition of Silvercrest at College View, a 136-unit independent living, assisted living and memory care community in the Kansas City suburb of Lenexa. Trustmark Bank provided the capital to a private capital group. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Sam Dylag, Bailey Nygard and Jack Griffin represented the borrower. “Silvercrest at College View is an excellent community with upper-echelon performance in an affluent submarket,” says Wagner. “We’re pleased to have assisted in the financing of …
PRAIRIE VILLAGE, Kan. — Lifespace Communities has appointed Rob Salierno as executive director of Claridge Court, a community in Prairie Village, a suburb of Kansas City. Salierno previously served as executive director of Claridge Court for five years from 2011 to 2016. He began his career at Claridge Court at age 17 as a dining room server, then as lead server, dining room manager, and food and beverage manager. He eventually earned his administrator’s license and served in that capacity at another Lifespace community before returning to Claridge Court as …
LEAWOOD, Kan. — Midwest Health has reopened Homestead Estates of Leawood, an assisted living community in the Kansas City suburb of Leawood. The community closed in early 2020 for a full renovation. “Today’s seniors want to live in a beautiful setting while receiving the care they need,” says Ashley Dawson, executive director of Homestead Estates. “That’s why we took extra special care in redesigning this community. Everything from the premium light fixtures to the granite countertops is top-notch.” Midwest Health manages the community, as well as several other senior living …
LEAWOOD and SPRING HILL, Kan. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living and memory care communities in the Kansas City area. The properties were Leawood Gardens, a 70-unit community in Leawood, and Blackhawk Assisted Living, a 48-unit community in Spring Hill. Both communities were built in the early 2000s with subsequent renovations, and occupancies remained relatively stable above 90 percent prior to the operational transition to a West Coast-based national assisted living manager in 2017. Following a stretch of unexpected community-level leadership turnover …
OVERLAND PARK, Kan. — Anthem Memory Care has named Dave Norton as the executive director of Morningside Place, a memory care community in Overland Park. He will oversee all care, operations and programming. Norton previously was administrator/executive director of nearby Rolling Hills Health & Rehab. His career includes two decades of managerial experience in the medical equipment and diagnostics fields. A graduate of the University of Kansas, Norton is a licensed respiratory therapist as well as a licensed nursing home administrator.