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ColoradoFinanceNews

Ziegler Arranges $32.5M Bond Refinancing for Christian Living Neighborhoods

by Jeff Shaw

ENGLEWOOD, Colo. — Ziegler has arranged $32.5 million in bond financing for Christian Living Neighborhoods, a nonprofit owner-operator based in Englewood. The borrower comprises three communities in Colorado — Holly Creek, Someren Glen and Clermont Park — and is one of the largest senior living systems in Colorado with a total of 782 units, according to Ziegler. Bond proceeds, along with other available funds, will refinance bonds from 2011 and 2012, fund $11.8 million of capital expenditures at Someren Glen, fund a deposit to the reserve fund and pay cost …

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Active AdultColoradoDevelopmentFinanceNews

Edison Equity Receives $23M Construction Loan for 55 Resort Apartments in Greeley, Colorado

by Jeff Shaw

GREELEY, Colo. — Dallas-based Edison Equity Management has received $23 million in construction financing for the development of 55 Resort Apartments, an age-restricted multifamily property located in Greeley. Located on the former site of the Garnsey & Wheeler Ford dealership, 55 Resort Apartments will feature 84 apartments for adults age 55 and above. The property will offer exercise classes, service coordination and social activities, as well as 5,000 square feet of retail space leased to Austin’s American Grill restaurant. The development is slated to open in summer 2022. Dallas-based Hall …

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ColoradoNewsPeople

Cadence Living Hires Ronnie Brown as Vice President of Operations for the Mountain Region

by Jeff Shaw

SCOTTSDALE, Ariz. — Cadence Living has hired Ronnie Brown as vice president of operations for the Mountain Region. Brown will have principal responsibility over operations of the Cadence Living managed communities in Colorado. She brings over 22 years of senior living sales and operations experience to Cadence, including more than 15 years oversight for communities in Colorado. Prior to joining Cadence, Brown was regional director of operations supporting communities in Arizona, Ohio and South Carolina. Over her 22-year career in the senior living industry, she has worked for Brookdale Senior …

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ColoradoMemory CareNewsPeople

Anthem Memory Care Appoints Jennifer Davidson as Executive Director of Community in Aurora, Colorado

by Jeff Shaw

AURORA, Colo. — Anthem Memory Care has named Jennifer Davidson as executive director for Chelsea, a memory care community in Aurora. In this capacity, she will oversee all daily care, programming and operations. Davidson was senior general manager for the Carillion at Belleview Station in Denver. She was also area director of operations for Lincoln Meadows Senior Living in Parker. Davidson brings over 20 years of senior living experience to this position. She earned a bachelor’s degree in sociology at Metropolitan State University of Denver.

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ColoradoNewsPeople

WellAge Names Cindy Batey as Executive Director of Jackson Creek Senior Living in Monument, Colorado

by Jeff Shaw

MONUMENT, Colo.— WellAge has selected Cindy Batey to serve as the executive director of Jackson Creek Senior Living in Monument. Batey will oversee operations for Jackson Creek’s 137 independent living, assisted living and memory care apartments. Batey is a Monument native who has spent more than 33 years in the seniors housing industry working at various communities throughout Colorado Springs and Denver.

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CaliforniaColoradoFinanceNewsSkilled NursingWyoming

Capital Funding Group Provides $262.6M Refinancing for Skilled Nursing Portfolio in Colorado, California, Wyoming

by Jeff Shaw

BALTIMORE — Capital Funding Group, a Baltimore-based lender, has provided a $262.6 million term loan to refinance a 29-asset long-term care portfolio. Spanning Colorado, California and Wyoming, the portfolio includes 28 skilled nursing facilities and one joint skilled nursing and assisted living facility, with a total of 3,140 beds. The borrower is a privately owned real estate investment group. Erik Howard and Director Tim Eberhardt originated the transaction for Capital Funding Group.

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ColoradoMemory CareNewsPeople

Anthem Memory Care Appoints Danae Mierau as Executive Director for Community in Littleton, Colorado

by Jeff Shaw

LITTLETON, Colo. — Athem Memory Care has named Danae Mierau as executive director of Willowbrook Place in Littleton. She will be overseeing all daily care, programming and operations. Mierau previously was director of rehabilitation and physical therapy with Legacy Healthcare in Littleton. She has also served as a physical therapist with Berkley Home Health Care in Aurora. Mierau graduated with a doctorate in physical therapy and a bachelor’s degree in health sciences from the University of Missouri.

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Assisted LivingColoradoDevelopmentNews

Hunt Midwest Breaks Ground on 102-Unit Capstone at Centerra in Loveland, Colorado

by Jeff Shaw

LOVELAND, Colo. — Hunt Midwest has broken ground on The Capstone at Centerra, a 78,000-square-foot assisted living and memory care community in Loveland. Located within the 3,000-acre, master-planned Centerra development, the community is projected to open in late 2022. Integral Senior Living (ISL) will be the operator of the 102-unit property.

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ColoradoDevelopmentNews

MorningStar Senior Living, Edgemark Plan 160-Unit Community in Centennial, Colorado

by Jeff Shaw

CENTENNIAL, Colo. — MorningStar Senior Living and Edgemark Development LLC have unveiled plans for MorningStar Senior Living at Holly Park in the Denver suburb of Centennial. Groundbreaking is scheduled for fourth-quarter 2021 for planned completion in 2023. The four-story project will be located on three acres and offer 160 units of independent living, assisted living and memory care. This will be MorningStar’s second location in Centennial and 13th in Colorado. MorningStar and Edgemark will co-develop and own the community.

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AcquisitionsColoradoNews

Marcus & Millichap Brokers $8.3M Sale of The Homestead at Lakewood in Colorado

by Jeff Shaw

LAKEWOOD, COLO. — Marcus & Millichap has arranged the sale of The Homestead at Lakewood, a seniors housing property in Lakewood. An undisclosed buyer acquired the property for $8.3 million. Greg Parker and Greg Price of Marcus & Millichap’s Denver office represented the seller, a private investor, in the deal. Phillip Gause of Marcus & Millichap Capital Corp. arranged acquisition financing for the buyer. Constructed in 1999 under the Low-Income Housing Tax Credit program, The Homestead at Lakewood features 58 units in a mix of studio, one- and two-bedroom units …

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