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Memory Care

AcquisitionsIllinoisMemory CareNews

Blueprint Arranges $9.3M Receivership Sale of Springs of Vernon Hills in Illinois

by Jeff Shaw

VERNON HILLS, Ill. — Blueprint Healthcare Real Estate Advisors has brokered the $9.3 million sale of Springs of Vernon Hills in Vernon Hills, a northern suburb of Chicago. The standalone memory care community was built in 2015 and features 70 units. The seller was The Long Hill Company, a nationally focused turnaround management firm serving as the court-appointed receiver for the property. After falling to 58 percent occupied in 2021 following Illinois’ strict COVID-19 lockdowns, the community was placed into receivership. Under Long Hill’s management, the community steadily regained census, …

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IllinoisMemory CareNewsPeople

Anthem Memory Care Appoints Emily Potempa as Executive Director of Churchill Place in Glen Ellyn, Illinois

by Jeff Shaw

GLEN ELLYN, Ill. — Anthem Memory Care has named Emily Potempa as executive director for Churchill Place, a community in the Chicago suburb of Glen Ellyn. In this capacity, she will oversee all daily care, programming and operations. Potempa previously was executive director with Encore Memory Care in nearby Bolingbrook. She also served as director of resident services for Brookdale Senior Living in Lisle, just five miles away from her new community. Potempa brings over 12 years of senior living experience to this position. She earned a bachelor’s degree in …

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AcquisitionsMemory CareMichiganNewsOhio

SLIB Negotiates Sale of 100-Unit Midwestern Memory Care Portfolio

by Jeff Shaw

LANSING, Mich., and BEAVERCREEK, Ohio — Senior Living Investment Brokerage (SLIB) has arranged the sale of two memory care communities totaling 100 units and 132 beds in the Midwest. Located in Lansing and Beavercreek, both communities were built in 2018 and each total approximately 34,500 square feet on 4.9 acres of land. The seller is a national owner and developer that is exiting the industry. The buyer was a REIT that will lease the communities to Ridgeline Management Co. The price was not disclosed. Jason Punzel, Brad Goodsell, Vince Viverito …

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AcquisitionsIllinoisMemory CareNewsOperations

CareTrust REIT Acquires Two Illinois Memory Care Facilities with New Operator Relationship

by Jeff Shaw

CHICAGO — CareTrust REIT Inc. (NYSE: CTRE) has acquired a 136-unit, two-facility memory care portfolio located in metro Chicago. Chapters Living will take over operations at the community, which is a new relationship for CareTrust. Chapters Living is a seniors housing and memory care operator based in the Midwest led by industry veteran Danny Stricker. The two properties will be placed in a 15-year, triple-net lease. The agreement includes two five-year extension options as well as annual CPI-based rent escalators. CareTrust’s initial investment in the facilities, inclusive of transaction costs, …

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AcquisitionsMemory CareNewsVirginia

Hamister Group Buys 48-Unit Chantilly Heights Memory Care Community in Chantilly, Virginia

by Jeff Shaw

CHANTILLY, Va. — Hamister Real Estate Equity Fund III LP, a private estate fund sponsored by Hamister Group, has acquired Chantilly Heights Memory Care in Chantilly, approximately 25 miles west of Washington, D.C. It is the second Virginia assisted living and memory care facility to come under the Hamister Group umbrella. The group has operated Chantilly’s sister facility, Lansdowne Heights Memory Care in Leesburg, since 2020. Formerly named Arbor Terrace Fairfax, Chantilly Heights Memory Care offers two separate neighborhoods within the 35,550-square foot facility. Opened in 2017, the complex consists …

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Memory CareNewsPeople

Anthem Memory Care Appoints Whitney Lane as Vice President of Clinical Services

by Jeff Shaw

LAKE OSWEGO, Ore. — Anthem Memory Care, a Lake Oswego-based operator, has named Whitney Lane as vice president of clinical services. In this position, she is responsible for providing leadership and vision for Anthem Memory Care’s 21 communities. Lane previously was chief operating officer for Watercrest Senior Living. She has also served as divisional director of health and wellness for Senior Lifestyle Corp. Throughout her 18-year career in healthcare, Lane has experience within operations, sales, financials, new development, acquisitions, human resources and training in independent living, assisted living and memory …

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FloridaMemory CareNewsPeople

Watercrest Hires Danielle Potter as Executive Director of Market Street Memory Care Residence Palm Coast in Florida

by Jeff Shaw

PALM COAST, Fla. — Watercrest Senior Living Group has hired Danielle Potter to the leadership team as executive director of Market Street Memory Care Residence Palm Coast in Palm Coast, approximately midway between Jacksonville and Orlando. Potter started her career in housekeeping, working her way upwards as a resident care coordinator, lifestyle director, lead concierge and business office director before earning her first leadership role as an executive director several years ago. Market Street Palm Coast is a 64-unit memory care community. The community was recently recognized by U.S. News …

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AcquisitionsMemory CareNewsOklahoma

Marcus & Millichap Arranges Sale of 31,000 SF Belfair of Shawnee Memory Care Community in Oklahoma

by Jeff Shaw

SHAWNEE, Okla. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 31,000-square foot memory care property in Shawnee, a suburb of Oklahoma City. A limited liability company sold the asset to another limited liability company for an undisclosed price. Rod Llanos, a first vice president in Marcus & Millichap’s Houston office specializing in investment sales of seniors housing properties, had the exclusive listing to market the property on behalf of the seller. Steve Greer, Marcus & Millichap’s broker of record in Oklahoma, assisted in closing the …

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AcquisitionsMemory CareNewsVirginia

Blueprint Negotiates Sale of 48-Unit Arbor Terrace Fairfax in Chantilly, Virginia

by Jeff Shaw

CHANTILLY, Va. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Arbor Terrace Fairfax, a 48-unit memory care community in Chantilly, approximately 25 miles west of Washington, D.C. The seller was Capitol Seniors Housing (CSH), which developed the community in 2017 alongside operator The Arbor Company. The community leased up in record time, reaching 93 percent occupancy within eight months of opening its doors, according to Blueprint. It also maintained profitability during the COVID-19 lockdowns. Upon fully restabilizing in first-quarter 2022, CSH sought to collect on its successful …

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IllinoisMemory CareNewsPeople

Anthem Memory Care Appoints Fran DeJulius-Rybarski as Executive Director for Emerald Place in Glenview, Illinois

by Jeff Shaw

GLENVIEW, Ill. — Anthem Memory Care has named Fran DeJulius-Rybarski executive director for Emerald Place in Glenview. Rybarski previously was executive director of The Auberge at Orchard Park in Morton Grove, Illinois. She has also served as executive director for Green Oaks Senior Living in Libertyville, Illinois.

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