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Memory Care

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Anthem Memory Care Appoints Jamie Floyd as Regional Director of Sales, Marketing

by Jeff Shaw

LAKE OSWEGO, Ore. — Anthem Memory Care, a Lake Oswego-based operator, has named Jamie Floyd as regional director of sales and marketing. She is responsible for the overall sales and marketing of 12 communities in Illinois, Colorado, Minnesota, California and Kansas. Floyd previously was vice president, sales, new developments, acquisitions and sales training for Atria Senior Living. She also served as national sales specialist and regional sales manager with Atria and director of marketing and education for Odyssey Healthcare. Throughout her 37-year career in healthcare, Floyd has specialized in sales …

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AcquisitionsConnecticutMemory CareNews

Cushman & Wakefield Arranges Sale of 46-Unit Buckingham Heights Memory Care Community in Glastonbury, Connecticut

by Jeff Shaw

GLASTONBURY, Conn. — Cushman & Wakefield has arranged the sale of Buckingham Heights, a 46-unit, 52-bed memory care community in Glastonbury, a suburb of Hartford. Richard Swartz, Jay Wagner, Aaron Rosenzweig, Jim Dooley and Jack Griffin represented the seller, Longview Senior Housing, in the transaction. Hamister Group, a seniors housing investor and operator, purchased the property for an undisclosed price. “This community had some of the most durable cash flow we’ve seen in today’s market and its strong location was especially attractive,” says Wagner. The property is a single-story building …

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AcquisitionsConnecticutMemory CareNews

Hamister Group Acquires 46-Unit Brookdale Buckingham Memory Care Community in Glastonbury, Connecticut

by Jeff Shaw

GLASTONBURY, Conn. — Hamister Real Estate Equity Fund III, a private real estate fund sponsored by Hamister Group, has acquired Brookdale Buckingham, a standalone memory care community in Glastonbury, a suburb of Hartford. The community will be renamed Buckingham Heights. The community first opened in 2001 and underwent a full renovation in 2020. The community features 46 units in a 33,640-square-foot building. Buckingham Heights will become the ninth senior living community in the company’s managed portfolio.

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Assisted LivingIndustry ContentLegal IssuesMemory CareOperationsPeopleSkilled NursingTechnologyVideosWebinars

Webinar: Modernizing Seniors Housing Care — Simplifying Workflows for Caregivers through Technology

by Sarah Daniels

  On Sept. 8, Seniors Housing Business hosted a panel discussion called “Modernizing Seniors Housing Care — Simplifying Workflows for Caregivers through Technology” where four seniors housing industry experts spoke about streamlining and improving resident care. Tech innovations were the focus of the webinar. What tools and data help most when it comes to senior care? Listen to hear in-depth discussions on the topics and more: The latest trends in technology-enabled senior care How technology can help simplify workflows and increase productivity The importance of machine learning to drive more proactive …

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FinanceMemory CareNewsTennessee

VIUM Funds $14.2M Bridge Loan for Memory Care Expansion in Tennessee

by Jeff Shaw

TENNESSEE — VIUM Capital has provided a $14.2 million bridge-to-HUD loan for a 79-unit assisted living community in Tennessee. The financing provided $12.8 million for the acquisition of the property, as well as $1.3 million for an expansion that will add eight memory care units. The borrower has operated the facility since its recent construction. Further details were not disclosed.

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Industry VoicesMemory CareOperationsTechnology

Use Technology, Design to Achieve Senior Living Goals

by Jeff Shaw

By Christian Buesing, director of operations – technology solutions, Direct Supply Technology needs to serve a purpose. In my personal life I am slow to implement new technology into my routine until I know for sure it will serve me well. I am not the guy who has the latest tech toys just for the fun of it. In our industry, superior senior care is demanded. With the current staffing shortage, the technology incorporated into any community needs to improve staff efficiency and resident well-being. There are high expectations for …

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AcquisitionsFloridaMemory CareNews

SLIB Arranges Sale of 54-Unit Memory Care Community in Port Orange, Florida

by Jeff Shaw

PORT ORANGE, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of a 54-unit memory care community in Port Orange, a coastal city in Central Florida. The seller was a private REIT looking to exit an operational outlier from a previous portfolio. The buyer is a growing regional owner-operator expanding its presence in Florida. The price was not disclosed. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

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DevelopmentMassachusettsMemory CareNews

EPOCH, National Development Opens 48-Unit Memory Care Community in Lexington, Massachusetts

by Jeff Shaw

LEXINGTON, Mass. — EPOCH Senior Living and National Development have opened Bridges by EPOCH at Lexington, a memory care community in the Boston suburb of Lexington. The community is located next to the Belmont Country Club and features three residential households, each consisting of 16 memory care suites. This opening marks the 11th Bridges standalone memory care community in New England for EPOCH Senior Living. EPOCH Senior Living also operates four luxury Waterstone Senior Living communities in Massachusetts, Connecticut and New York.

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AcquisitionsMemory CareNewsWashington

Blueprint Negotiates $10.6M Sale of 50-Unit Memory Care Community in Bremerton, Washington

by Jeff Shaw

BREMERTON, Wash. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 50-unit, 64-bed memory care community in Bremerton, across the Puget Sound from Seattle. The asset, previously a skilled nursing facility, was completely renovated in 2016 and opened as a memory care community in 2017. The community maintained a 66 percent occupancy during the last couple of years, producing an average operating margin of 15 percent. The property was a geographic outlier for the undisclosed seller. The buyer is a memory care-focused owner-operator with an established presence …

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AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentIndependent LivingIndustry ContentInvestmentMemory CareOperationsVideosWebinars

Webinar: Inflation and Rising Interest Rates – Doom or Boom for the Seniors Housing Industry?

by Sarah Daniels

  Seniors housing valuations — what can the industry expect in terms of future occupancy, inflation and interest rates? These were the most pressing topics of the “Inflation and Rising Interest Rates — Doom or Boom for the Seniors Housing Industry?” webinar, hosted by Seniors Housing Business and sponsored by V&IG. Hear how expert panelists are accounting for some of the most challenging questions in today’s market: What is driving investment in this space? How have return expectations changed since the beginning of the pandemic? How are increasing interest rates and/or inflation impacting …

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