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Memory Care

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Affordable HousingAssisted LivingContent PartnersFinanceIndustry ContentMemory CareSkilled Nursing

Improvement in Residential Healthcare Conditions Fuel HUD Loan Activity

by Sarah Daniels

It has been more than three years since COVID-19 lockdowns wreaked havoc on skilled nursing, assisted living and memory care facilities. Among other consequences, falling admissions and occupancies required many operators to seek or extend short-term loans to survive until brighter days. The good news is that, to a certain extent, those days have arrived: Rebounding occupancies are inching closer to pre-pandemic levels, higher Medicaid reimbursements are flowing to net operating income, and labor costs are stabilizing, says Michael Gehl, chief investment officer for FHA lending for NewPoint Real Estate …

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FinanceMemory CareNewsOregon

Walker & Dunlop Arranges $15.2M Refinancing for Waterhouse Ridge Memory Care in Beaverton, Oregon

by Jeff Shaw

BEAVERTON, ORE. — Walker & Dunlop has arranged a $15.2 million loan for the refinancing of Waterhouse Ridge Memory Care in Beaverton, just west of Portland. Located at 1115 NW 158th Ave., Waterhouse Ridge features 68 memory care beds. Onelife Senior Living developed, owns and operates the facility, which is currently 88 percent occupied. Kevin Giusti and Daniel Barone of Walker & Dunlop led the origination team that placed the loan through one of its lending partners. Loan proceeds were utilized to refinance existing debt and provide cash to the …

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Memory CareNewsPeople

Ascent Living Communities Hires Amelia Schafer as Area Director of Memory Care

by Jeff Shaw

DENVER — Ascent Living Communities has hired Amelia Schafer as area director of memory care.  Schafer is a gerontology expert with 20 years of experience working across a wide range of Alzheimer’s and dementia education, program development, care and service delivery. She will oversee the implementation of resident care programs ranging from mild cognitive impairment with assisted living residents, to comprehensive memory care operations across Ascent’s four Colorado senior living communities. Throughout her two decades of work with the Alzheimer’s Association, Schafer led the professional education division, including the development …

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AcquisitionsCaliforniaMemory CareNews

Blueprint Negotiates Sale of Brittany House Memory Care Center in Long Beach, California

by Jeff Shaw

LONG BEACH, Calif. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Brittany House Memory Care Center in Long Beach, just south of Los Angeles. The seller is a San Diego-based developer and operator looking to focus its resources on a newly developed portfolio of communities throughout Orange and San Diego counties. The buyer is a Los Angeles-based high-net-worth family. The price was not disclosed. The Blueprint team included Jacob Gehl and Scott Frazier.

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Memory CareNewsPeople

LCB Senior Living Promotes Amber Evans to Vice President of Memory Care, Resident Engagement

by Jeff Shaw

NORWOOD, Mass. — LCB Senior Living, a Norwood-based owner-operator, has promoted Amber Evans to vice president of memory care and resident engagement. In this role, Evans will oversee LCB’s Reflections Memory Care Program and resident engagement operations. Evans joined LCB Senior Living in 2015 as a memory care and engagement specialist before being promoted to director of memory care and resident engagement in 2021. In February, she was also named the vice chair of education outreach for the National Institute for Dementia Education’s Standard of Excellence Council.  Evans is a …

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Assisted LivingDevelopmentMarylandMemory CareNews

ML Group Plans Renovations for 101-Unit The Terraces at Tuckerman Lane in North Bethesda, Maryland

by Jeff Shaw

NORTH BETHESDA, Md. — ML Group has spearheaded the design of planned renovations at The Terraces at Tuckerman Lane in North Bethesda, a suburb of Washington, D.C. Although a specific development price was not disclosed, the project was described as a “multi-million-dollar renovation.” The community was also recently rebranded and new leadership was hired, including senior executive director Laura Holden. “North Bethesda is one of Maryland’s most desirable neighborhoods, and our residents appreciate the blend of urban and suburban living with access to dynamic shopping, dining, entertainment and cultural experiences,” …

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ColoradoFinanceMemory CareNews

Berkadia Arranges $14.4M Bridge Loan for Memory Care Community in Colorado Springs

by Jeff Shaw

COLORADO SPRINGS, Colo. — Berkadia has arranged the financing of a 72-bed memory care facility in Colorado Springs.  Jay Healy and Andrew Lanzaro of Berkadia Seniors Housing & Healthcare secured a $14.4 million bridge loan to retire the existing construction debt and transaction costs. Berkadia Seniors Housing & Healthcare was able to offer an 18-month, floating-rate, bridge-to-HUD loan to allow the borrower enough time to continue improving NOI to a level that will support a HUD refinancing. Berkadia Seniors Housing & Healthcare anticipates submitting the HUD application within 12 months. …

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AcquisitionsMemory CareNewsOregon

SLIB Brokers Sale of 30-Unit Revere Court in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Revere Court, a 30-unit memory care community in Portland. The facility was built in 2010 and expanded in 2013. It totals 16,300 square feet on two acres of land, A REIT sold the asset to a local owner-operator for an undisclosed price. The buyer plans to spend money on capital improvements and focus improving occupancy and operations. Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction. “The seller is a REIT divesting of non-core, …

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DevelopmentFloridaMemory CareNews

Alta Acquires Newly Constructed Memory Care Community in North Palm Beach, Florida

by Jeff Shaw

PALM BEACH, Fla. — Alta Senior Living has acquired Palm Beach Memory Care, a newly constructed 60-unit memory care community located in North Palm Beach.  The community opened with 20 percent of the units already pre-leased. It is strategically located near Alta Senior Living’s regional office that shares space with restaurant tenant, DeSano Pizza. Dan Baker with JLL arranged the sale. The seller and price were not disclosed.

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KansasMemory CareNewsPeople

Anthem Memory Care Appoints Sara Miller as Executive Director of Chisholm Place in Wichita

by Jeff Shaw

WICHITA, Kan. — Anthem Memory Care has named Sara Miller as executive director for Chisholm Place in Wichita. She will oversee all daily care, programming and operations. Miller previously was residence director and assistant residence director with Legend Senior Living. She brings over 16 years of healthcare experience to this position.  Miller earned a bachelor’s degree in health services management and community development with a minor in aging studies from Wichita State University.

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