Memory Care

AcquisitionsIllinoisMemory CareNews

SLIB Negotiates Sale of Two Memory Care Communities in Illinois

by Jeff Shaw

TAYLORVILLE and PARIS, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two Life’s Journey-branded memory care communities in Taylorville and Paris, located approximately 97 miles apart in the southern portion of Illinois. Life’s Journey of Taylorville features 46 units in 25,000 square feet on a 4.2 acre plot. The community was built in 2012 and renovated in 2014. Occupancy was 69 percent at the time of sale. Life’s Journey of Paris features 23 units in a 9,200-square-foot building on 0.7 acres. The community was built in …

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AcquisitionsMemory CareNewsVirginia

Blueprint Brokers $31M Sale of Memory Care Portfolio in Virginia

by Jeff Shaw

RICHMOND and VIRGINIA BEACH, Va. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two memory care communities in Richmond and Virginia Beach ProMedica acquired the assets with ownership partner Welltower for $31 million. The seller was not disclosed. The portfolio included two fully stabilized communities that boasted high occupancy and above-market rates. The Memory Center Richmond consists of 48 units and opened in 2015 while The Memory Center Virginia Beach consists of 48 units and opened in 2008.

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Memory CareNewsPeople

Grace Management Hires Ashlea Smalley as National Director of Life Enrichment, Memory Care

by Jeff Shaw

MAPLE GROVE, Minn. — Grace Management, a Maple Grove-based operator, has hired Ashlea Smalley as national director of life enrichment and memory care. Smalley will provide support, inspiration and training for life enrichment and memory care to all of Grace Management’s senior living communities throughout the country. Smalley has worked in the senior living industry for 15 years in skilled nursing, primarily within memory care. In addition to her work in senior living, she has also taught as an adjunct professor at Northern Illinois University and Benedictine University in their …

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Memory CareNewsOperationsTexas

SilverPoint Senior Living to Operate La Fontaine of Frisco Memory Care Community in Texas

by Jeff Shaw

FRISCO, Texas — SilverPoint Senior Living has formed a new partnership with La Fontaine Memory Care under which SilvrePoint will manage La Fontaine of Frisco in Frisco, a suburb of Dallas. “As SilverPoint is continuing to grow, we want to be strategic as we add to the portfolio of communities we manage. We truly connected on a personal level with the ownership group and both agreed that SilverPoint can add value to the La Fontaine community,” says Shawn Corzine, CEO at SilverPoint. “Paramount Healthcare’s expertise has historically focused on individuals …

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DevelopmentMemory CareMinnesotaNews

Anthem Memory Care Nears Completion of Cascade Creek in Rochester, Minnesota

by Jeff Shaw

ROCHESTER, Minn. — Anthem Memory Care has neared completion of Cascade Creek, a memory care development in Rochester. The project will be Anthem’s 12th and its first in Minnesota. The company says the number of people with memory care in the state is expected to rise by more than 20 percent by 2025. Cascade Creek features 45 suites that can accommodate 50 residents in a two-story building. The property is scheduled to open this summer.

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DevelopmentMemory CareNevadaNews

Oakmont Finishes 31-Unit Memory Care Expansion at Community in Las Vegas

by Jeff Shaw

LAS VEGAS — Oakmont Senior Living has completed an expansion and renovation project at Oakmont of Las Vegas, which included the new construction of 31 memory care units. “Memory care is an essential part of continuity of care and important to families who don’t want to uproot their loved ones should they need to transition to this type of care,” says Melon Rivera, executive director at Oakmont of Las Vegas. The community already offered independent living and assisted living. In addition to the new memory care neighborhood, the multi-million-dollar renovation …

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Assisted LivingDevelopmentIndependent LivingIndustry ContentMemory CareOperationsPeopleSkilled NursingVideosWebinars

Webinar: Seniors Housing Valuation Outlook — What’s Next Now that the Pandemic End is in Sight?

by Sarah Daniels

  How do owners, operators, investors, developers and lenders view valuation in seniors housing? Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — What’s Next Now that the Pandemic End is in Sight?” to weigh in as trends in the market solidify. What can the seniors housing industry expect when it comes to construction, labor, the impact of equity and debt on valuations, changing operating models and more? How can the industry bounce back from low occupancy rates? What will determine value now and in the immediate …

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Derek Ross Philips Seniors Housing Technology
Content PartnersFeaturesIndustry ContentMemory CareOhioOperationsPeopleSkilled NursingTechnology

Personalizing Wellness: Using Data to Promote Resident Health

by Sarah Daniels

Seniors housing technology has long been focused on health and safety — keeping residents safe from falls, managing medicines and addressing health changes that require a doctor’s oversight. But the future of seniors housing may lie more in the direction of holistic wellness — personalized nutrition, evidence-based decision-making for increasing or decreasing medical interventions and better resident experiences. Over the next decade, data will be the driving force for communities that embrace wellness goals, according to Derek Ross, CEO, Aging and Caregiving at Philips.  “There is a huge opportunity to …

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CaliforniaDevelopmentMemory CareNews

Kisco Prepares to Open Memory Care Expansion at Emerald Court in Anaheim

by Jeff Shaw

ANAHEIM, Calif. — Kisco Senior Living has announced the memory care expansion at Emerald Court in Anaheim is scheduled to open within the next two weeks. The all-new memory care section, named Connections, will include 16 studio apartments, a private courtyard, a musical lounge and updated dining configurations. “Before this addition, we would have to transition out our seniors who started developing cognitive issues since we did not have the facilities to care for them,” says Libbi Hash, national director of wellness and memory care for Kisco. “Now that we …

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KansasMemory CareNewsPeople

Anthem Appoints Dave Norton as Executive Director of Morningside Place in Overland Park, Kansas

by Jeff Shaw

OVERLAND PARK, Kan. — Anthem Memory Care has named Dave Norton as the executive director of Morningside Place, a memory care community in Overland Park. He will oversee all care, operations and programming. Norton previously was administrator/executive director of nearby Rolling Hills Health & Rehab. His career includes two decades of managerial experience in the medical equipment and diagnostics fields. A graduate of the University of Kansas, Norton is a licensed respiratory therapist as well as a licensed nursing home administrator.

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