Seniors housing valuations — what can the industry expect in terms future occupancy, inflation and interest rates? These were the most pressing topics of the “Inflation and Rising Interest Rates — Doom or Boom for the Seniors Housing Industry?” webinar, hosted…
SCOTTSDALE, Ariz. — Cadence Living has hired Michelle Cornelius as vice president of memory care engagement. Cornelius will have principal responsibility over the Revere Memory Care programming across the Cadence portfolio of communities. Prior to joining Cadence, Cornelius was most…
CLEVELAND, Tenn. — Solinity has opened Remember Me Senior Care, an assisted living and memory care neighborhood in the East Tennessee city of Cleveland. The five-home, farmhouse-style neighborhood focuses on memory care services. Solinity leads the operations and also serves…
MOUNTAIN VIEW, Calif. — JLL Capital Markets has arranged an undisclosed amount of construction financing for the redevelopment of Italian restaurant Frankie, Johnnie & Luigi Too! into Mountain View Memory Care, a Class A, 54-unit, 60-bed, private-pay memory care community…
ARLINGTON and ROCKWALL, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sales of Revere Court of Arlington and Revere Court of Rockwall, both standalone memory care communities located in metro Dallas. Constructed in 2011, Revere Court of Rockwall…
LAKE OSWEGO, Ore. — Anthem Memory Care, a Lake Oswego-based owner-operator, has appointed Chris DeShon as regional director of sales and marketing. In this position, DeShon is responsible for the overall sales and marketing of nine communities in Ohio, Michigan,…
SUNNYVALE and MENLO PARK, Calif. — JLL Capital Markets has arranged a $21.5 million loan for two memory care communities totaling 48 units in California’s Bay Area. The portfolio includes Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.…
TEXARKANA, Texas — Plains Commercial has arranged the sale of Richmond Meadows Memory Care in Texarkana. Originally built in 2010, Richmond Meadows is licensed for 40 beds covering across a 24,600-square-foot community. With a Class A physical plant, the facility…
HOUSTON — Cushman & Wakefield’s National Senior Housing Capital Markets team has arranged the sale of a 152-unit portfolio containing four standalone memory care communities in the Houston metro area. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Jim…
CORVALLIS, Ore. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Regent Court Senior Living, a 32-unit memory care community in Corvallis. Summit Healthcare REIT Inc. sold the asset to a regional owner-operator for $11 million, or $344,000…
Operators experiment with new programming and design ideas while redoubling their commitment to traditional person-centered care. By Jane Adler Despite suffering big pandemic-related occupancy losses, the memory care segment is focused on the future as it rebuilds its census. Operators…
IRVINE, Calif. — 1031 Crowdfunding, an Irvine-based real estate investing platform, has fully subscribed its $16.9 million 1031CF Portfolio 1 DST. This is the company’s sixth investment in senior living care facilities. The fund was used to acquire two memory…
LAKE OSWEGO, Ore. — Anthem Memory Care, an owner-operator based in Lake Oswego, has appointed Sheila Carwile as vice president of operations for Region 2. In this position, she is responsible for the overall management and performance of nine memory…
LAS VEGAS — SR Construction has completed work on Silverado Red Rock, a memory care community in Las Vegas. This single-story, 36,381-square-foot community features 60 resident rooms and 72 resident beds. The community will welcome its first residents on March…
OAK LAWN, Ill. — Anthem Memory Care has named Dashira Contreras as executive director for Grace Point Place, a community in Oak Lawn, a suburb of Chicago. Contreras previously was director of resident care at The Carrington of Lincolnwood in…
OREGON — Blueprint Healthcare Real Estate Advisors has brokered the sale of a memory care portfolio in Oregon. Built between 1999 and 2014, the portfolio consists of seven 15-unit buildings located in secondary markets along the I-5 Interstate. While historically…
LAKE OSWEGO, Ore. — Anthem Memory Care has been selected to manage nine memory care communities in Utah, Washington, Minnesota, Michigan and Ohio. The new communities bring Anthem’s portfolio up to 21 properties and mark the Lake Oswego-based operator’s entry…
OKLAHOMA and TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two Class A memory care communities. The properties were built in the Oklahoma City and Dallas metro areas, delivering in 2016 and 2018. The portfolio totals…
NORWELL, Mass. — Anthemion Senior Lifestyles has named Maria Lastoria the executive director of The Cordwainer, a memory care community scheduled to open in 2022 in the Boston suburb of Norwell. Lastoria has more than 30 years’ experience in senior…
GARDEN CITY, Idaho — Senior Living Investment Brokerage (SLIB) has arranged the sale of Emerson House, a 36-unit, 45-bed memory care community in Garden City, a suburb of Boise. The facility was built in 2002, with an expansion and renovations…
PORTLAND, Ore. — M&T Realty Capital Corp. has arranged a $20 million FHA-insured loan to refinance a 98-unit memory care facility in Portland. The loan was completed under the U.S. Department of Housing and Urban Development (HUD) Federal Housing Authority…
LOS ANGELES — Avenir Senior Living has opened Avenir Memory Care Westside, a memory care community in Los Angeles’ Westchester neighborhood. The community features 88 units using a specialized program that aligns residents who have similar cognitive abilities. “We call…
LA JOLLA, Calif. — JLL Capital Markets has arranged a $15 million refinancing for Monarch Cottages, a 26-unit, 52-bed, two-story, Class A memory care community in the San Diego suburb of La Jolla, California. JLL represented the borrower, Monarch Senior…
The Nov. 3 Seniors Housing Business webinar “Rethinking Seniors Housing Resident Engagement — Technology that Improves Staff Efficiencies while Enhancing the Resident Experience” focused on the best ways to improve resident engagement, streamline care and support staff. Panelists discussed Platforms across the continuum of care Resident…
WILLIAMSBURG, Va. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arrangd the sale of White Oaks at Williamsburg, a 48‐unit memory care facility in Williamsburg. Built in 2015 and opened in early 2017, White Oaks at…
OAK LAWN, Ill. — Anthem Memory Care has appointed Lori Cantway as executive director for Grace Point Place in Oak Lawn. Cantway previously was executive director at Eden Supportive Living in Chicago. She has also served as executive director for…
In the Oct. 26 Seniors Housing Business webinar entitled “COVID Strategies for Seniors Housing Operators — Managing Risk for Residents, Staff and Service Providers,” the topic of discussion was how best to keep residents and staff safe from COVID-19. Panelists shared differing approaches…