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CaliforniaDevelopmentNews

PMB, Pillar Properties to Develop 295,000 SF Community at San Diego State University

by Hayden Spiess

SAN DIEGO — PMB and Pillar Properties will develop a new senior living community at San Diego State University.  Dubbed SDSU Mission Valley, the project will total 295,000 square feet across seven stories and will feature 224 independent and assisted living units, as well as 26 memory care residences. Amenities at the property will include a restaurant and bistro, community room, fitness center, rooftop deck, swimming pool and outdoor courtyard. Urbal Architecture is serving as the architect. Construction is scheduled to begin at the end of 2027, with completion expected in …

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Viva_Princeton-Texas
CaliforniaCompany NewsNews

Danielian Associates Architects + Planners Acquires Seniors Housing Architect Irwin Partners

by Hayden Spiess

IRVINE, Calif. — Danielian Associates Architects + Planners has expanded with the acquisition of Irwin Partners Architects, a firm dedicated to seniors housing. Founded in 1966, Irwin Partners is based in Costa Mesa, California.  This marks California-based Danielian’s strategic expansion into the seniors housing sector, as well as rehabilitation and adaptive reuse projects.  Together, the firms have more than 100 years of combined architectural experience.  Irwin Partners’ recent projects include the redevelopment and expansion of a Viva Senior Living community in Princeton, Texas, and Protea St. Johns, a new 181,000-square-foot senior …

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Will-Childs
Company NewsGeorgiaNews

Senior Housing Services Opens Atlanta Office

by Hayden Spiess

ATLANTA — Brokerage and advisory firm Senior Housing Services (SHS) has expanded, opening an office in the Buckhead neighborhood of Atlanta. Will Childs has been appointed to lead the office and the expansion of the firm across Georgia, Alabama, Virginia, Tennessee and Florida.  Launched in 1999, SHS is based in Charlotte, North Carolina.  Childs has more than 20 years of experience in commercial real estate, including 18 years focused on seniors housing and healthcare. He has previously held roles with JLL and Cushman & Wakefield, as well as co-founding OHC Advisors. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareMissouriNews

Helios Arranges Sale of 201-Unit Community in Kansas City

by Hayden Spiess

KANSAS CITY, Mo. — Helios Healthcare Advisors has arranged the sale of St. Anthony’s Senior Living, a community located in Kansas City. Winterpast Capital Partners, in conjunction with American House Senior Living, was the buyer.  Situated on a four-acre campus in the historic Brookside neighborhood, the property totals 201 units, with 120 independent living residences, 49 assisted living units and 32 memory care units.  According to Helios, the undisclosed seller engaged a new operator in March 2024 with the goal of optimizing operations and accelerating occupancy growth. As performance improved, the …

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Park-Pointe-Expansion_Rock-Hill-S.C
CCRCDevelopmentNewsSouth Carolina

Acts Retirement-Life Underway on 109-Acre Expansion at South Carolina Community

by Hayden Spiess

ROCK HILL, S.C. — Nonprofit senior living organization Acts Retirement-Life Communities is currently underway on a 109-acre expansion project at Park Pointe Village, a continuing care retirement community located in Rock Hill.  Spiezle Architectural Group led the master planning and design process for the expansion.  Upon completion, the expansion will add 130 new independent living residences, as well as 20 assisted living units, a memory care neighborhood and an 18,000-square-foot clubhouse. New amenities will include walking trails, pickleball courts, new restaurants and gathering spaces. A construction timeline was not disclosed.  “This …

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AcquisitionsNews

Brookdale to Acquire 17 Communities for $157M

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale has entered into a definitive agreement to acquire the real estate of 17 senior living communities currently leased and operate by the company. Brookdale is acquiring the properties from an undisclosed seller for $157 million. Brookdale will fund the purchase, which is expected to close in the fourth quarter of 2026, with non-recourse mortgage financing and cash on hand.  The portfolio totals 735 units.  “The acquisition of these 17 communities, currently leased by Brookdale, represents another positive step in Brookdale’s strategy to increase its ownership of real …

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Atlanta Portfolio
AcquisitionsGeorgiaNews

JLL Brokers $147M Sale of Portfolio in Metro Atlanta

by Hayden Spiess

ATLANTA — JLL Capital Markets has brokered the $147 million sale of a seniors housing portfolio totaling five communities in submarkets north of Atlanta. An institutional investor acquired the properties in an all-cash transaction.  A joint venture between Centric Development and Sage Equities sold the portfolio. Claiborne Senior Living will continue to operate the communities on behalf of the new ownership.  The portfolio comprises 611 assisted living and memory care units, with 701 beds. Centric Development developed the properties between 2018 and 2022. Amenities at the communities include theaters, restaurant-style dining, …

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Varcity-at-Purdue_West-Lafayette-Ind
DevelopmentIndianaNews

Varcity to Develop Retirement Community at Purdue University 

by Hayden Spiess

WEST LAFAYETTE, Ind. — Varcity has announced plans for the development of a new university retirement community (URC) at Purdue University in West Lafayette.  Upon completion, Varcity at Purdue will feature 239 rental residences situated on a 13.5-acre property. Carter will co-develop the project. Developed in partnership with the university and the Purdue for Life Foundation, the community will open in summer 2028. Western States Lodging will manage the community once open.  Reach Architects and Gensler designed the property.  Founded in 2021, Varcity is a senior living company focused exclusively on …

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Charter_Martinez-Ga
GeorgiaNewsOperations

Charter Assumes Management of Community Near Augusta, Georgia

by Hayden Spiess

MARTINEZ, Ga. — Charter Senior Living has assumed the management of a Ventas-owned community located in Martinez, approximately five miles northwest of downtown Augusta.  The property has been rebranded as Charter Senior Living of Martinez.  Charter’s portfolio of managed communities now totals 75 properties throughout the country.  “We’re honored to expand our relationship with Ventas and welcome Charter Senior Living of Martinez into our growing portfolio of Ventas communities in the Southeast,” says Keven Bennema, co-founder and CEO of Charter.

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DelawareDevelopmentNews

REDICO, Ciel Form Joint Venture to Develop Community in Coastal Delaware

by Hayden Spiess

REHOBOTH BEACH, Del. — REDICO and Ciel Senior Living have formed a joint venture to develop a new senior living community in Rehoboth Beach.  REDICO will lead the development and investment strategy for the project, and Ciel will serve as the operating partner when the community opens.  “Our involvement in this project and our ability to attract the financing necessary to make it possible reflects renewed investor interest in this industry,” says Dale Watchowski, CEO of REDICO and American House Senior Living. “This project also reflects REDICO’s broader senior living development …

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