NOVATO, Calif. — Oakmont Senior Living has opened Oakmont of Novato in the San Francisco suburb of Novato Oakmont of Novato is the third Oakmont Senior Living community to be built and opened during the 2020 pandemic. The 72,614-square-foot community sits on nearly three acres and features 49 assisted living and 36 memory care apartments Oakmont of Novato is close to shopping, fine dining, and arts and entertainment.
California
RANCHO CUCAMONGA, Calif. — Inland Empire Health Plan (IEHP) has partnered with National Community Renaissance (National CORE) to provide $1.5 million for construction of Day Creek Senior Villas in Rancho Cucamonga, approximately 40 miles east of Los Angeles. Through this partnership with National CORE, one of the nation’s largest nonprofit developers of affordable housing, the health plan will receive access to 10 apartment units in the facility. These units will provide permanent housing for homeless seniors who are IEHP members transitioning out of long-term care. “It is a sad statement …
PLEASANTON, Calif. — Ziegler has arranged a total of $125 million in financing for HumanGood, a nonprofit owner-operator based in the Bay Area city of Pleasanton. Washington Federal Bank is providing the funds, which include: $15.5 million in bonds, which refinance an existing tax-exempt bank placement $64.8 million in bonds that are a Cinderalla refinancing of two fixed-rate, tax-exempt bond issues. a $33.8 million taxable term loan. an $11 million taxable revolving line of credit. HumanGood owns and/or operates 21 continuing care retirement communities (CCRCs) and 95 affordable housing communities …
SAN DIEGO — HJ Sims has arranged $77 million in financing for Casa de las Campanas, a continuing care retirement community (CCRC) in San Diego. Life Care Services operates the community, which LCS Development built. The community is in the middle of a multi-phase master plan that includes renovation and expansion of its facilities, including new skilled nursing, independent living and memory care areas. In 2014, Sims secured bank financing through City National Bank (CNB) for Phase I of the plan. Sims negotiated the Phase II financing terms with CNB …
Eden Housing Opens Corsair Flats Affordable Community as Part of $1B Mixed-Use Project in Alameda, California
by Jeff Shaw
ALAMEDA, Calif. — Eden Housing, along with the City of Alameda and Alameda Point Partners, has opened Corsair Flats in Alameda, a suburb of Oakland. The new affordable residential community features 60 residential units for low-income seniors age 62 and up. It is the first of two affordable residential communities to be completed by Eden Housing at Alameda Point’s Site A. The $1 billion, mixed-use, transit-oriented, waterfront development is located on the site of the former Naval Air Station Alameda, which closed over 20 years ago. KTGY Architecture + Planning …
SACRAMENTO, Calif. — Oakmont Senior Living has opened an independent living, assisted living and memory care community in the East Sacramento neighborhood of the state capital. Located in the Fabulous Forties area, Oakmont of East Sacramento totals 140,000 square feet, plus a 36,000-square-foot parking garage, on a 3.5-acre plot. The community features 100 independent living/assisted living units and 42 memory care units. Terry Ervin is the executive director and Deanna Barker is director of memory care.
PALO ALTO, Calif. — Gantry has arranged a $45 million loan to refinance debt on Palo Alto Commons and Avant, a senior living campus in the San Jose suburb of Palo Alto. Palo Alto Commons, constructed in 1990, is an assisted living facility featuring 142 units. It is a three-story, wood-frame structure that provides traditional assisted living services as well as higher acuity memory care services. The Avant was constructed in 2012. It is a 45-unit independent living facility that complements the operations of Palo Alto Commons. Gantry’s Jeff Wilcox …
WALNUT CREEK, Calif. — Sequoia Living has re-opened the preview center at Viamonte at Walnut Creek as the continuing care retirement community (CCRC) nears completion. First move-ins are scheduled to start in a few weeks at the 200-unit community. Construction began three years ago. The property is located in Walnut Creek in the San Francisco Bay Area.
LAGUNA NIGUEL, Calif. — CBRE National Senior Housing has arranged an $80 million loan to refinance debt on Crestavilla, a recently built, “ultra-luxury” community in Laguna Niguel, located in Orange County. The property features 201 units of independent living, assisted living and memory care on an 11.6-acre site. Atria Senior Living is the operator. Construction began in 2016 and was completed in 2018. Aron Will, Austin Sacco and Tim Root of CBRE National Senior Housing arranged the refinance on behalf of a joint venture between Fremont Realty Capital and Steadfast …
Oakmont Senior Living Names Mark Maclaine as Regional VP of Operations, Allison Singler as Regional VP of Sales
by Jeff Shaw
WINDSOR, Calif. — Oakmont Senior Living, a Windsor-based owner-operator, has promoted Mark Maclaine to regional vice president of operations and added Allison Singler to its management team as regional vice president of sales and marketing. Both Maclaine and Singler will be responsible for the Central California region of Oakmont’s portfolio of senior living communities. Singler has more than 20 years of experience in the senior living industry with a background in sales and marketing. She is also experienced with developing sales strategies for communities and creating sales training and development …