ST. LOUIS — Blueprint has served as the exclusive advisor to a Missouri real estate developer in its acquisition of full ownership of a 150-unit seniors housing community that it developed with a joint venture partner in metro St. Louis. The undisclosed community, which opened in 2024, offers independent living assisted living and memory care. The operator remains in place following the buyout. Blueprint was initially engaged four years ago to source an institutional capital partner for the development of the private pay seniors housing community. At the time of …
Missouri
KANSAS CITY, Mo. — Tutera Senior Living & Health Care has announced the addition of 26 seniors housing communities to its management portfolio. The expansion included the acquisition of eight properties from AlerisLife and Diversified Healthcare Trust (DHC). Tutera will manage the additional 18 communities on behalf of DHC. Tutera plans to complete the transition of the communities by the end of this year. With this expansion, Tutera’s management portfolio now includes 66 senior living communities totaling 5,422 units. Average occupancy at seniors housing properties managed by Tutera is currently 95 …
ST. LOUIS — Blueprint has arranged a lease with a purchase option for a continuing care retirement community (CCRC) totaling 225 units in St. Louis. According to Blueprint, the property was marketed for sale by the owner and operator and was experiencing operational challenges at the time of marketing. Blueprint invited both outright purchase and lease with purchase option proposals for the community. A regional owner and operator with a footprint in Missouri and Illinois will now operate the property.
KANSAS CITY, Mo. And NORTH RICHLAND HILLS, Texas — Cambridge Realty Capital has provided two HUD-insured loans totaling $19.3 million for seniors housing properties located in Missouri and Texas. In Texas, the financing included a $6 million loan for the acquisition of Ashwood Court, an assisted living facility located in North Richland Hills. In Missouri, a $13.3 million loan was provided for the refinancing of Northland Rehabilitation and Healthcare Center, a 118-bed skilled nursing facility in Kansas City. Both borrowers utilized Cambridge’s early rate lock program, which allows for securing an …
OAK BROOK, Ill. — An affiliate of Inland Real Estate Acquisitions has acquired a 635-unit senior living portfolio. The portfolio comprises three newly constructed Clarendale communities — Clarendale of Chandler in Chandler, Arizona; Clarendale of St. Peters in St. Peters, Missouri; and Clarendale at Indian Lake in Hendersonville, Tennessee. Amenities at the properties, which feature independent living, assisted living and memory care residences, include swimming pools, wellness centers, full-service salons, entertainment, dining and access to outpatient services and 24-hour security. The portfolio’s average occupancy was 92 percent at the time of …
MISSOURI — Evans Senior Investments (ESI) has arranged the sale of a skilled nursing facility in Western Missouri. The transaction was executed on behalf of an independent owner-operator seeking to exit the industry. Built in 1987 and situated on over 4 acres of land, the facility is licensed for 199 skilled nursing beds. At the time of marketing, it faced several operational challenges, including a two-star CMS rating, 54 percent occupancy and negative cash flows. In light of these circumstances, the property offers substantial value-add potential. Its location, just a …
DELLWOOD, Mo. — KAI has completed construction of Urban League Senior Living Center in Dellwood, a northern suburb of St. Louis. The $10 million project stands on the former site of an AutoZone that was destroyed during the 2014 protests following the shooting of Michael Brown. The development was funded through a combination of federal, state and local grants, along with in-kind donations. The facility includes 44 resident units (40 one-bed units and four two-bed units), plus a community room on the main level. The community is already fully leased. …
ST. PETERS, Mo.; WEST CHESTER, Pa.; and FORT WORTH, Texas — Life Care Services, an LCS Company, has been selected as the management partner for three communities owned by affiliates of Longview Senior Housing. The announcement expands the total number of Longview communities managed by Life Care Services to seven. The properties include:
ST. CHARLES, Mo. — Arrow Senior Living, a St. Charles-based owner-operator, has taken over management of eight seniors housing communities across Illinois, Iowa, Missouri and Arkansas. Closed in June, CedarStone Senior Living and PrairieStone Senior Living, both located in Cedar Falls, Iowa, were developed by Nelson Construction and Development. CedarStone consists of 120 apartments, including 88 assisted living apartments and 32 memory care apartments. PraireStone consists of 111 apartments, with 79 assisted living apartments and 32 apartments dedicated to memory care. Arrow also began operating six independent living communities, in …
CHESTERFIELD, Mo. — Tutera Senior Living & Health Care, together with Shelbourne Healthcare Development Group, have completed The Lumiere of Chesterfield, an upscale senior living community in the St. Louis suburb of Chesterfield. The community features 96 units of independent living, 37 units of assisted living and 17 units of memory care in a 193,000-square-foot building near the Chesterfield Mall. Development costs were estimated at $55 million. The project architect is Moseley Architects in Springfield, Virginia, and the interior designer is Faulkner Design Group out of Dallas.