Memory Care

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ArizonaAssisted LivingDevelopmentMemory CareNews

Investcor to Develop 117-Unit Luxury Community Near Phoenix

by Hayden Spiess

QUEEN CREEK, Ariz. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix.  Upon completion, Mojave Sage will total 117 residences, with assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store.  Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction …

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FinanceMemory CareNew YorkNews

Berkadia Provides $25.8M Bridge Financing for Two Memory Care Facilities in New York 

by Hayden Spiess

NEW YORK CITY — Berkadia has provided $25.8 million in financing for the acquisition of two memory care facilities located in upstate New York.  The bridge loans feature a 24-month interest-only term with one 12-month extension option. Steve Muth and Ed Williams of Berkadia arranged the financing through Berkadia’s Proprietary Lending Group on behalf of the West Coast-based borrower.  Together, the two facilities total 116 beds and were 94 percent occupied at the time of financing. The existing operator will remain in place following the acquisition. 

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Diane Umayam of Leisure Care
Assisted LivingContent PartnersIndustry ContentMemory CareSkilled NursingTechnology

Streamline Clinical Workflows in Seniors Housing with Intelligent Technology

by Jaime Lackey

Navigating complex, siloed operating systems to update residents’ medical data is a common source of frustration for seniors housing portfolios. At Leisure Care, one of the nation’s largest privately held retirement and assisted living companies, this particular pain point was consuming much of the clinical staff’s working hours and detracting from their available time to care for residents. Diane Umayam, Leisure Care’s vice president of Health Services at the Seattle, Washington-based organization, noted that the electronic health record (EHR) software her teams were using often required them to reenter a …

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EyeWatch LIVE webinar
Assisted LivingIndustry ContentMemory CareOperationsSkilled NursingWebinars

Webinar: The Case for Prevention — How Senior Living Operators Are Reducing Falls by 69%

by Anna Watson

Seniors Housing Business and EyeWatch LIVE held the webinar, “The Case for Prevention — How Senior Living Operators Are Reducing Falls by 69%,” on April 22. The panel examined what a prevention-driven approach to resident safety looks like in practice — and what it means for occupancy, liability exposure, and asset value. Panelists Marisa Strain of SRI Management, Melissa Gassaway of YourLIFE Senior Living, Richard Dahm of Gallagher Insurance and Valerie Whitman of EyeWatch LIVE shared perspectives on staff adoption and claims defensibility — as well as how AI-powered virtual …

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Beach-House_Jacksonville-Beach-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Brokers Sale of 84-Unit Community in Northeast Florida

by Hayden Spiess

JACKSONVILLE BEACH, Fla. — Continuum Advisors has brokered the sale of Beach House Senior Living, an assisted living and memory care community located on a barrier island in Jacksonville Beach, roughly 20 miles east of Jacksonville.  Built in 2014, the property totals 84 units, with 64 assisted living and 20 memory care units.  An institutional joint-venture ownership group was the buyer. An entity doing business as Auerbach Opportunity Fund IV LP is the majority stakeholder of the buyer group. 

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Bonaventure-Rendering_Corvallis-Ore
Assisted LivingDevelopmentIndependent LivingMemory CareNewsOregon

Bonaventure Senior Living Underway on Community in Corvallis, Oregon

by Hayden Spiess

CORVALLIS, Ore. — Bonaventure Senior Living is currently underway on the development of a new community in Corvallis.  Scheduled to open in late 2027, the property will feature independent living, assisted living and memory care units. Amenities at the community will include a bistro, golf simulator, fitness center, library, theater room, salon and barber shop, activity and game rooms, courtyards and scheduled transportation services.  The community will also include Bonaventure’s Life Stations, which recreate familiar environments for memory care residents. At the Corvallis community, these will include an Artists Life Station, …

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Mission-Grove-at-Stoneybrook_Winter-Garden-Fla
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

NEI Completes Construction of 166-Unit Community in Winter Garden, Florida

by Hayden Spiess

WINTER GARDEN, Fla. — NEI General Contracting has completed the construction of a new senior living community located in Winter Garden.  Dubbed Mission Grove at Stoneybrook, the property totals 166 units, with independent living and assisted living apartments and a dedicated memory care space. Amenities at the community include a swimming pool, pickleball courts, fireside lounges and a grab-and-go café.  NEI acted as the general contractor on behalf of the developer, Leo Brown Group. 

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Harvard-Square-Cogir_Denver
Assisted LivingColoradoFinanceIndependent LivingMemory CareNews

Lightstone Capital Provides $20M Bridge Financing for 216-Unit Property in Denver

by Hayden Spiess

DENVER — Lightstone Capital has provided a $20 million first mortgage bridge loan to refinance Harvard Square by Cogir, a senior living community located in Denver.  Funds managed by affiliates of Fortress Investment Group own the property, which is managed by Cogir Senior Living.  Harvard Square by Cogir totals 216 units across four stories, with independent living, assisted living and memory care residences. Amenities at the property include a fitness center, activities room, golf simulator, library, salon and barbershop, café and pub.  According to Lightstone Capital, this financing reflects the platform’s …

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Metro-Phoenix-Property
AcquisitionsArizonaAssisted LivingIndependent LivingMemory CareNews

IPA Arranges Sale of Senior Living Community in Metro Phoenix

by Hayden Spiess

PHOENIX — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a senior living community totaling more than 100 units in metro Phoenix. Built in 2021, the community features independent living, assisted living and memory care residences.  Clarion Partners acquired the property from Civitas Capital Group for an undisclosed price.  Stellar Senior Living will operate the community on behalf of Clarion Partners. 

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Long-Island-Property
AcquisitionsAssisted LivingMemory CareNew YorkNews

Atria Senior Living Acquires Two Communities on Long Island

by Hayden Spiess

LEVITTOWN and PATCHOGUE, N.Y. — Atria Senior Living, in partnership with Fundamental Advisors and Scribner Capital, has acquired two assisted living and memory care communities located on Long Island.  D&F Development Group sold the properties, which include Village Green in Levittown and Village Walk in Patchogue, for an undisclosed price. Charley Bissell, Ryan Stoll and Taylor Mokris of BWE Investment Sales represented the seller in the transaction.  Built in 2020, Village Green features 57 assisted living units and 46 memory care units. Village Walk was completed in 2018 and totals 146 …

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