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Senior Resource Group Acquires Fountainview at Gonda in Los Angeles, Renames Property

by Channing Hamilton

PLAYA VISTA, Calif. — Senior Resource Group (SRG), a developer and operator of luxury senior living communities, has assumed ownership and operation of Fountainview at Gonda in Playa Vista, a neighborhood in the Westside area of Los Angeles. The property was previously owned and operated by Los Angeles Jewish Health (LAJHealth). SRG is renaming the community Avocet Playa Vista. A continuing care retirement community, Avocet Playa Vista offers independent living, assisted living, memory care and integrated healthcare, including rehabilitative therapies. Residents own a long-term contract for care and services in a well-appointed private …

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Safer Senior Living transition as panelists talk about FCC regulations and telephone systems
Active AdultAffordable HousingCCRCFeaturesIndependent LivingIndustry ContentMemory CareOperationsTechnologyVideosWebinars

Webinar: Safer Senior Living — Next-Gen Emergency Response Solutions

by Sarah Daniels

The Sept. 26 webinar “Safer Senior Living — Next-Gen Emergency Response Solutions,” sponsored by Kings III Emergency Communications, covered many aspects of managing risk within seniors housing communities. This brief discussion highlighted new emergency communication technology, the challenges of traditional phone lines due to the 10-72A1 order from the Federal Communications Commission (FCC), as well as best practices for code compliance. The panelists also broke down the benefits of cellular technology over voice over internet protocol (VoIP) systems, services for high-risk areas, two-way communication services and video monitoring in elevators. …

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AcquisitionsAssisted LivingFinanceFloridaIndependent LivingMemory CareNews

JLL Capital Markets Closes Sale, Financing of Seniors Housing Community in South Florida

by Channing Hamilton

LAKE WORTH, Fla. — JLL Capital Markets has brokered the sale of Mariposa, a 313-unit seniors housing community in Lake Worth, located about 17 miles south of West Palm Beach and 20 miles north of Boca Raton. The real services firm also secured financing for the buyer. The seller and sales price were not disclosed, but the South Florida Business Journal reports that the facility sold for nearly $63.8 million. The seller was Ventas, the Chicago-based healthcare real estate investment trust. JLL represented the seller, and procured the buyer, Focus Healthcare Partners. Additionally, JLL …

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AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Tempo of Deal Velocity Increases as Industry Enters Homestretch of 2024

by Channing Hamilton

By Matt Valley Following a quiet end-of-summer period on the dealmaking front — “quieter than it has been for years with the exception of the pandemic” — Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen encountered a flurry of transaction activity in late August and early September.  “It’s been gangbusters, and what we’re seeing is primarily seniors housing assets (independent living and assisted living) coming to market,” said the veteran REIT executive who participated in the webinar Seniors Housing Business hosted on Sept. 5, titled “Creating Value in Seniors Housing — …

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Creating Value in Seniors Housing panel
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle

by Sarah Daniels

The Sept. 5 webinar “Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle,” sponsored by CBRE, brought together industry leaders to discuss the current trends shaping the seniors housing market, including occupancy rates, strategic investments and the evolving landscape of assisted living, memory care and independent living communities. This discussion covered innovative technologies, economic factors influencing cap rates, considerations about the future of care and analysis of increasingly sophisticated operations strategies. Expert panelists shared their experiences and projections for the sector, including the increasing demand for seniors housing …

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DevelopmentMemory CareNew JerseyNews

Marquis Opens Memory Care Neighborhood at The Meadows at Lawrence in New Jersey 

by Jeff Shaw

LAWRENCE TOWNSHIP, N.J. — Marquis Health Consulting Services has opened a new memory care neighborhood at The Meadows at Lawrence, a cottage-style, long-term care skilled nursing community in Lawrence Township, a suburb of Trenton.  The Journeys Memory Care model was developed by Marquis Health Consulting Services.

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AcquisitionsIllinoisMemory CareNews

Blueprint Brokers Receivership Sale of 42-Unit Gurnee Place Memory Care in Illinois

by Jeff Shaw

GURNEE, Ill. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Gurnee Place Memory Care, a 42-unit memory care community located in Gurnee, approximately midway between Chicago and Milwaukee.  Blueprint was engaged by a receiver to maximize proceeds for the bank and stakeholders involved. At the time of marketing, the community was 90 percent occupied and cash-flowing. Blueprint marketed the opportunity by promoting the upside of the strong performance trends and implementing minor expense efficiencies through regional operations. The buyer was a Minnesota-based private equity firm previously focused …

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AcquisitionsGeorgiaMemory CareNews

Marcus & Associates, Buckley Shuler Broker Sale of 38-Unit St. Ives Memory Care in Johns Creek, Georgia

by Jeff Shaw

JOHNS CREEK, Ga. — Marcus & Associates and Buckley Shuler Properties have arranged the sale of St. Ives Memory Care, a 38-unit standalone memory care community in the Atlanta suburb of Johns Creek. Regional owner-operator Solinity was the buyer. The seller and price were not disclosed. The property experienced operational setbacks during the COVID-19 pandemic, as well as complications from a winter freeze that caused flooding and insurance issues.Marcus Van Ameringen of Marcus & Associates handled the transaction.

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Memory CareMinnesotaNewsPeople

Anthem Appoints Tiffany Bell as Executive Director of Community in Rochester, Minnesota

by Jeff Shaw

ROCHESTER, Minn. — Anthem Memory Care has promoted Tiffany Bell to executive director for Cascade Creek in Rochester, approximately 100 miles southeast of Minneapolis.  Bell most recently was life engagement director for Cascade Creek. Previously she was life enrichment director for Prairie Meadows Senior Living in Kasson.  The certified dementia practitioner brings over 23 years of senior living experience to this position. She received a bachelor’s degree in psychology with a minor in gerontology and family studies from University of Wisconsin-Eau Claire.

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IllinoisMemory CareNewsPeople

Anthem Memory Care Appoints Laporsha Chavers as Executive Director for Community in Tinley Park, Illinois

by Jeff Shaw

TINLEY PARK, Ill. — Anthem Memory Care has promoted Laporsha Chavers to executive director for Porter Place in Tinley Park, approximately 25 miles southwest of Chicago.  Chavers previously was associate executive director for Porter Place. She also served as associate executive director for Grace Point Place, an Anthem community in nearby Oak Lawn. The certified dementia care practitioner brings over 18 years of senior living experience to this position. She earned a bachelor’s degree in business administration from Governors State University and an MBA from Purdue University.

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