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Tutera Completes Phase I of $6.5M Remodel of The Village at Mission in Prairie Village, Kansas

by Jeff Shaw

PRAIRIE VILLAGE, Kan. — Tutera Senior Living & Health Care has completed the first phase of renovations at The Village at Mission, a senior living community in Prairie Village, a suburb of Kansas City. The full project costs are estimated at $6.5 million. Tutera acquired The Village at Mission property in June 2021. Phase I of the 73,000-square-foot remodel includes 26 resident apartments and first-floor common living spaces. The residences have been modernized with new lighting, fresh furnishings, cabinetry, flooring, paint and other upscale finishes. The common living space upgrades …

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AcquisitionsFinanceKansasNews

Monarch Advisors Arranges $6.1M Acquisition Financing for Two Communities in Kansas

by Jeff Shaw

KANSAS — Monarch Advisors has arranged $6.1 million in financing for the acquisition of two seniors housing communities in Kansas. The buyer is a long-time owner-operator in Kansas senior care. The seller, price and location details were not disclosed. A regional bank provided the funds. The three-year, floating-rate loan is structured with no financial covenants and interest-only payments for the first 18 months, converting to a 25-year amortization schedule thereafter.

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AcquisitionsFinanceKansasNews

Cushman & Wakefield Arranges $24.6M Acquisition Financing for Silvercrest at College View in Lenexa, Kansas

by Jeff Shaw

LENEXA, Kan. — Cushman & Wakefield has arranged $24.6 million in financing for the acquisition of Silvercrest at College View, a 136-unit independent living, assisted living and memory care community in the Kansas City suburb of Lenexa. Trustmark Bank provided the capital to a private capital group. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Sam Dylag, Bailey Nygard and Jack Griffin represented the borrower. “Silvercrest at College View is an excellent community with upper-echelon performance in an affluent submarket,” says Wagner. “We’re pleased to have assisted in the financing of …

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KansasNewsOperationsPeople

Lifespace Hires Rob Salierno as Executive Director of Claridge in Prairie Village, Kansas

by Jeff Shaw

PRAIRIE VILLAGE, Kan. — Lifespace Communities has appointed Rob Salierno as executive director of Claridge Court, a community in Prairie Village, a suburb of Kansas City. Salierno previously served as executive director of Claridge Court for five years from 2011 to 2016. He began his career at Claridge Court at age 17 as a dining room server, then as lead server, dining room manager, and food and beverage manager. He eventually earned his administrator’s license and served in that capacity at another Lifespace community before returning to Claridge Court as …

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DevelopmentKansasNews

Midwest Health Reopens Homestead Estates of Leawood in Kansas Following Renovation Project

by Jeff Shaw

LEAWOOD, Kan. — Midwest Health has reopened Homestead Estates of Leawood, an assisted living community in the Kansas City suburb of Leawood. The community closed in early 2020 for a full renovation. “Today’s seniors want to live in a beautiful setting while receiving the care they need,” says Ashley Dawson, executive director of Homestead Estates. “That’s why we took extra special care in redesigning this community. Everything from the premium light fixtures to the granite countertops is top-notch.” Midwest Health manages the community, as well as several other senior living …

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AcquisitionsAssisted LivingKansasNews

Blueprint Negotiates Sale of Two Communities in Metro Kansas City

by Jeff Shaw

LEAWOOD and SPRING HILL, Kan. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living and memory care communities in the Kansas City area. The properties were Leawood Gardens, a 70-unit community in Leawood, and Blackhawk Assisted Living, a 48-unit community in Spring Hill. Both communities were built in the early 2000s with subsequent renovations, and occupancies remained relatively stable above 90 percent prior to the operational transition to a West Coast-based national assisted living manager in 2017. Following a stretch of unexpected community-level leadership turnover …

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KansasMemory CareNewsPeople

Anthem Appoints Dave Norton as Executive Director of Morningside Place in Overland Park, Kansas

by Jeff Shaw

OVERLAND PARK, Kan. — Anthem Memory Care has named Dave Norton as the executive director of Morningside Place, a memory care community in Overland Park. He will oversee all care, operations and programming. Norton previously was administrator/executive director of nearby Rolling Hills Health & Rehab. His career includes two decades of managerial experience in the medical equipment and diagnostics fields. A graduate of the University of Kansas, Norton is a licensed respiratory therapist as well as a licensed nursing home administrator.

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AcquisitionsFinanceKansasNewsOhioSkilled Nursing

Monticello Provides $20M Financing for 251-Bed Skilled Nursing Portfolio in Kansas, Ohio

by Jeff Shaw

KANSAS and OHIO — Monticello has provided $20 million in first lien debt financing for the acquisition of two skilled nursing facilities and the contribution of one unencumbered skilled nursing facility located in Kansas and Ohio. The borrower is an owner-operator with a current portfolio of 1,188 licensed. Prior to this deal, Monticello financed the acquisition of a number of facilities in 2020 for the borrower.

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CCRCDevelopmentIndependent LivingKansasNews

Village Shalom Opens 76-Unit Independent Living Expansion Near Kansas City

by Jeff Shaw

OVERLAND PARK, Kan. — Village Shalom, a continuing care retirement community in the Kansas City suburb of Overland Park, has opened a four-story apartment building at the property. The 76-unit independent living building is part of a $42 million expansion project. The full project, which broke ground approximately two years ago, already added 48 memory care units, and 24 rehabilitation suites are currently under construction. In addition to the new independent living units, the completed building includes a first-floor amenity corridor named Main Street.

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