Memory Care

Watercrest Fredericksburg
Assisted LivingDevelopmentMemory CareNewsVirginia

Watercrest Senior Living Group Opens 142-Unit Community in Richmond Metro

by Hayden Spiess

FREDERICKSBURG, Va. — Watercrest Senior Living Group, with partners Harbert Seniors Housing Fund II and Centric Development, has opened a new luxury senior living community in Fredericksburg, roughly 60 miles north of Richmond.  Totaling 142 units, Watercrest Fredericksburg Assisted Living and Memory Care opened in early April.  The community features 106 assisted living and 36 memory care apartments. As of mid-May, memory care units at the property were 55 percent occupied, and assisted living units were 35 percent occupied.  Watercrest began development of the community in fall 2024.  Watercrest and Harbert Seniors Housing …

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Blake-College-Station_College-Station-Texas
Assisted LivingDevelopmentMemory CareNewsTexas

LifeCare Development Underway on 100,567 SF Development in Texas

by Hayden Spiess

COLLEGE STATION, Texas — LifeCare Development is currently underway on the construction of a new senior living community in College Station.  Upon completion, The Blake at College Station will total 100,576 square feet and feature 117 units. Residences will include 73 assisted living units and 44 memory care units.  Blake Management Group will operate the property. Completion is scheduled for 2028. 

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Mission Grove at Stoneybrook
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

Traditions Management Opens $65M Community Near Orlando

by Hayden Spiess

WINTER GARDEN, Fla. — Traditions Management has opened Mission Grove at Stoneybrook, a new senior living community located in Winter Garden, roughly 15 miles northwest of Orlando.  Totaling 173,000 square feet, the community comprises 166 units, with 101 independent living apartments, 32 assisted living apartments and 33 memory care apartments. Amenities at the property include a swimming pool, art studio, putting green, pickleball courts, hair and nail salon, library, pub and bistro and fitness room.  Traditions Management invested approximately $65 million in the community, which was developed by Leo Brown Group. 

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Mississippi-Community
AcquisitionsAssisted LivingMemory CareMississippiNews

Blueprint Brokers Sale of Two-Property Portfolio in Mississippi

by Hayden Spiess

OXFORD and SOUTHAVEN, Miss. — Blueprint has brokered the sale of an assisted living and memory care portfolio comprising two properties in northern Mississippi.  Built in the early 2000s and totaling 108 units, the communities are located in Oxford and Southaven. A regional owner and operator acquired the portfolio for an undisclosed price.  Jacob Gehl and Dillon Rudy of Blueprint represented the undisclosed seller in the transaction. 

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AcquisitionsAlabamaAssisted LivingIndependent LivingMemory CareNews

SLIB Arranges Sale of 194-Unit Portfolio in Alabama

by Hayden Spiess

BIRMINGHAM and TUSCALOOSE, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 194-unit portfolio located in Alabama.  The portfolio includes Regency Retirement Village of Birmingham and Regency Retirement Village of Tuscaloosa. Totaling 87 units, the Birmingham community features 38 independent living, 24 assisted living and 25 memory care residences. The Tuscaloosa community features 107 units, with 26 independent living residences and 81 assisted living and memory care residences.  Ryan Saul, Daniel Geraghty and Brad Clousing of SLIB brokered the sales on behalf of the seller, a Tennessee-based …

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Mojave-Sage-Rendering_Queen-Creek-Ariz
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 managers of 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 …

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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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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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