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Memory Care

DevelopmentFrom The MagazineMemory Care

Memory Care: Back to the Future

by Jeff Shaw

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 are adopting new technologies and open building designs to advance established person-centered care protocols.  The Montessori teaching method, popular for children, is being applied to programs for seniors with memory loss. Virtual reality, circadian lighting and multi-sensory rooms are being used to ease anxiety and boost engagement among residents. Locked …

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AcquisitionsInvestmentMemory CareNewsOklahomaTexas

1031 Crowdfunding Acquires Memory Care Portfolio as Opportunity Fund Reaches Full Subscription

by Jeff Shaw

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 care communities. Iris Senior Living is the operator of both properties, which are located in the Dallas-Fort Worth and Oklahoma City metro areas. The facilities include a combined 88 beds and 76 units, and are currently 91 percent occupied. 1031 Crowdfunding’s affiliate, 1031 CF Properties LLC, created the investments to …

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Memory CareNewsPeople

Anthem Memory Care Appoints Sheila Carwile as Vice President of Operations

by Jeff Shaw

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 care communities in Ohio, Michigan, Minnesota, Washington and Utah. Carwile previously was regional operations consultant with 12 Oaks Senior Living in Dallas, where she revised and implemented the memory care programing throughout Texas and Oklahoma. She also served as regional director of operations with Civitas Senior Living in Fort Worth. …

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DevelopmentMemory CareNevadaNews

SR Construction Completes Silverado Red Rock Memory Care Community in Las Vegas

by Jeff Shaw

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 14. This is the second community that SR has built for Silverado.

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IllinoisMemory CareNewsOperationsPeople

Anthem Memory Care Appoints Dashira Contreras as Executive Director of Community in Oak Lawn, Illinois

by Jeff Shaw

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 Lincolnwood. She also served as director of memory care for The Carrington. She brings over 10 years of senior living experience to this position. She earned a medical assistant degree from Lincoln College of Technology in Melrose Park. In addition, Contreras is a certified dementia practitioner and a Montessori dementia …

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AcquisitionsMemory CareNewsOregon

Blueprint Negotiates Sale of 105-Unit Memory Care Portfolio in Oregon

by Jeff Shaw

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 operating near stabilized levels generating gross revenue of $6 million, performance declined in late 2021 during the COVID-19 pandemic. Occupancy at closing was approximately 85 percent. The seller is retiring and selling off all its assets. The buyer is a regional operator specializing in memory care. The price was $15.9 …

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Anthem Memory Care Assumes Management of Nine Communities in Midwest, West

by Jeff Shaw

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 into Utah, Washington, Michigan and Ohio. The properties, owned by Irwin Investors, were previously operated by Sinceri and include: Elk Ridge in Maplewood, Minnesota Edgemont Place in Blaine, Minnesota Robinwood Landing in Lansing, Michigan Glenwood in Dublin, Ohio Preserve at Beavercreek in Beavercreek, Ohio Greenfield Estates in Akron, Ohio Pheasant …

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AcquisitionsMemory CareNewsOklahomaTexas

Blueprint Negotiates Sale of Two Memory Care Communities in Oklahoma, Texas

by Jeff Shaw

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 76 units. Both assets leased-up rapidly and demonstrated consistent upward trending operational performance throughout the COVID-19 pandemic, with occupancies exceeding 95 percent while generating $5.9 million in total revenue and $1.9 million in EBITDAR representing a 32.5 percent operating margin. The developer/operator sold the properties to a new partner in …

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MassachusettsMemory CareNewsOperationsPeople

Anthemion Senior Lifestyles Names Maria Lastoria as Executive Director of The Cordwainer in Norwell, Massachusetts

by Jeff Shaw

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 living, and was recently named Executive Director of the Year by the Massachusetts Assisted Living Association. Lastoria previously served as regional director of operations overseeing six senior living communities in New England and has held several executive director roles within assisted living, memory care and luxury independent living communities. In …

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AcquisitionsIdahoMemory CareNews

SLIB Negotiates Sale of 36-Unit Emerson House Memory Care in Garden City, Idaho

by Jeff Shaw

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 in 2017. The property totals approximately 21,460 square feet and is situated on 1.4 acres of land. Emerson House had strong occupancy and EBITDAR prior to COVID, according to SLIB. However, due to several outbreaks and lockdowns, occupancy dropped significantly and has just started to rebound. An undisclosed seller sold …

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