SEATTLE — Bill Pettit, who served as president of RD Merrill Co. for more than 30 years, has launched a new seniors housing consulting and investment firm with his son, Billy. The new company, Seattle-based Black Dog Capital Advisors, will…
MAYWOOD, Ill. — Skender has completed construction of Maywood Supportive Living, an adaptive reuse seniors housing project in the Chicago suburb of Maywood. The 133,000-square-foot assisted living facility for low-income seniors features 100 units. Developer Celadon Partners hired Skender as…
SANTA ANA, Calif. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Hollybrook Senior Living in the Orange County city of Santa Ana. The community was operating with below-market-rate rents despite upgrades in 2011. Blueprint marketed the community’s…
SAN RAMON, Calif. — Standard Communities has released plans to lead a public-private partnership in the ground-up development of Aspen Wood, a $55 million affordable seniors housing community in San Ramon, approximately 20 miles east of San Francisco Bay. Aspen…
MARION, Iowa — Cambridge Realty Capital Cos. has provided a $22.3 million HUD Lean loan to refinance The Views at Marion in the Cedar Rapids suburb of Marion. The Views at Marion is a continuum-of-care facility with 40 skilled nursing…
DALLAS — Seniors housing development costs have risen sharply over the past two years, with labor and land the primary drivers of higher expenditure, according to new research from CBRE. The average cost of a seniors housing development has increased…
SPRING, Texas — A joint venture between Braintree Properties and Cadence McShane has broken ground on Aviva Terranova Independent Senior Living Community in Spring, a suburb of Houston. Plans call for a 140,000-square-foot campus comprising four-story, wood-framed structures and 163…
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based operator, has promoted Stephanie L’Heureux to director of accounting, overseeing the financial systems of all Watercrest senior living communities and its associated brands. L’Heureux is one of the longest…
For many seniors housing operators, occupancy is back to where it was before the COVID-19 pandemic struck. In addition, aggressive rent increases have resulted in elevated revenues. However, as a result of high inflation, an extremely tight labor market and…
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…
OVERLAND PARK, Kan. — Erickson Senior Living has opened Santa Fe Ridge, an independent living expansion at its Tallgrass Creek continuing care retirement community. Located on 65 acres in the Overland Park suburb of Kansas City, Tallgrass Creek now features…
PONTE VEDRA BEACH, Fla. — Ziegler has arranged $30 million in bond financing for Vicar’s Landing, a continuing care retirement community in Ponte Vedra Beach, approximately 20 miles southeast of Jacksonville. The community occupies a 24.3-acre site within Sawgrass, a…
BALTIMORE — The Jack and Nancy Dwyer Workforce Development Center Inc., a Baltimore-based investor, has acquired Regency Integrated Health Services and its 50-property skilled nursing portfolio throughout Texas for $590 million. The Regency properties are home to approximately 4,600 residents.…
GREENVILLE, S.C. — Evans Senior Investments (ESI) has arranged the sale of a 52-unit assisted living community in Greenville. A large, East Coast-based private equity firm sold the asset to regional owner-operator Windriver Cos. for an undisclosed price. Built in…
HOUSTON — The Buckingham, a continuing care retirement community in Houston, has named Philip Jacob as its new executive director. Jacob joined the community as a health care administrator in 2011, and mostly recently served as interim executive director. He…
REDMOND, Wash. — Emerald Communities has started construction of an expansion project at Emerald Heights, a continuing care retirement community (CCRC) in the Seattle suburb of Redmond. The new building, named Courtyard, will rise three stories and feature 42 independent…
LEHI, Utah — Senior Living Investment Brokerage (SLIB) has arranged the sale of Harmony Hills, a 62-unit assisted living facility in Lehi, located on the north bank of Utah Lake between Salt Lake City and Provo. The community was built…
HOUSTON — Bridgewood Property Co. has officially launched The Aspenwood Company, an operator with a focus on the Southeast and Central U.S. Bridgewood has hired Heather Tussing as president of the new, Houston-based Aspenwood. She brings over 20 years of…
DENVER — Experience Senior Living (ESL), a Denver-based operator, has hired Angelica Ybarra as vice president of people. Ybarra comes with 30 years of human resource management and leadership experience. In a senior role, Ybarra will work closely with the…
ALEXANDRIA, Va. — The Alexandria Redevelopment and Housing Authority (ARHA) has partnered with WinnCompanies and IBF Development to redevelop The Ladrey, an 11-story affordable seniors housing community in Alexandria. The proposed development plan will replace all the current Ladrey units…
LEESBURG, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Vista Lake Assisted Living in the Central Florida city of Leesburg. Originally constructed in two phases in 1996 and 2000, Vista Lake consists of 74 units of…
RESTON, Va. — Enterprise Community Development and Fellowship Square will cut the ribbon Sept. 29 on Lake Anne House, an affordable seniors housing community in the Washington, D.C. suburb of Reston. The community features 240 units for low-income seniors. The…
NEWTON, Mass. — AlerisLife Inc. (NASDAQ: ALR), a Newton-based operator, has appointed Heather Pereira as senior vice president, chief financial officer and treasurer. Pereira most recently served as vice president and corporate controller of Acushnet Holdings Corp. since May of…
GARLAND, Texas — JLL has arranged a $61 million construction loan for The Preserve at Spring Creek, a 230-unit seniors housing project that will be located in the northeastern Dallas suburb of Garland. The country club-style facility will be situated…
SAN YSIDRO, Calif. — KeyBank Community Development Lending and Investment has provided $49.3 million in construction financing to 4132 Beyer L.P., a collaboration between nonprofit affordable housing Metropolitan Area Committee on Anti-Poverty of San Diego County and Riverside-based Kingdom Development.…
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.…
ROCKWALL, Texas — Ridgeline Management Co. has hired M. Christopher Dover as chief financial officer. Dover is a healthcare financial operations executive with 22 years of experience in the healthcare industry, including general acute care hospitals, medical groups, senior living…