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Carroll Lutheran Village Names Peter Bolt as Executive Director

by Jeff Shaw

WESTMINSTER, Md. — Carroll Lutheran Village (CLV), a seniors housing community in Westminster, has named Peter Bolt as its new executive director. Bolt provides leadership oversight of day-to-day operations including following federal, state and local laws, regulations and standards governing long-term care facilities; and ensuring residents living in the life-plan community receive excellent care and outstanding customer service. Bolts’ background in senior living also includes a bachelor’s degree in healthcare management and a master’s degree in economics. He is a licensed nursing home administrator with over 25 years of senior …

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DevelopmentMarylandNews

Experience Senior Living Plans 26-Story Community Within Strathmore Square Mixed-Use Development in Bethesda, Maryland

by Jeff Shaw

BETHESDA, Md. — Experience Senior Living, a seniors housing developer, has unveiled plans for The Reserve at Strathmore Square. The project will be part of Strathmore Square, a planned arts-centric mixed-use community located in north Bethesda above the Grosvenor-Strathmore Red Line Metro station and adjacent to the Strathmore Music Center. The seniors housing community will rise 26 stories and span 300,000 square feet, featuring 240 units of independent living, assisted living and memory care. Experience plans to break ground on the project in the fourth quarter of 2023. Amenities at …

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DevelopmentMarylandNewsSkilled Nursing

Marquis Completes $5M Renovation at Meadow Park in Catonsville, Maryland

by Jeff Shaw

CATONSVILLE, Md. — Marquis Health Consulting Services has completed a $5 million renovation project at Meadow Park Rehabilitation & Healthcare Center, a 120-bed skilled nursing facility in the Baltimore suburb of Catonsville. The renovation featured upgrades throughout the Meadow Park building, including fixtures and furnishings; wood flooring; and wide, bright hallways. The work also centered on an expansion of the rehab therapy gym and the incorporation of an activities of daily living (ADL) suite. During the renovation process, Meadow Park also enhanced its specialty care programming in partnership with regional …

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DevelopmentMarylandNewsSkilled Nursing

Marquis Completes $7M Renovation Project at Collingswood in Rockville, Maryland

by Jeff Shaw

ROCKVILLE, Md. — The leadership of Collingswood Rehabilitation & Healthcare Center and Marquis Health Consulting Services have cut the ribbon on a $7 million renovation and modernization at the skilled nursing facility in Rockville. Collingswood’s renovation centered on an expansion of the rehab therapy gym and the incorporation of a spacious activities of daily living (ADL) suite. The gym features state-of-the-art equipment and technology to support the delivery of progressive rehab services, while the ADL suite mimics a home environment, enabling patients the opportunity to regain skills before returning home. Collingswood’s …

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AcquisitionsAssisted LivingMarylandNews

Blueprint Brokers Sale of 120-Unit Community Near Baltimore

by Jeff Shaw

BALTIMORE — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 120-unit assisted living and memory care community in the Baltimore metro area. The community was built in 1999 and was underperforming operationally. The buyer is a publicly traded REIT that plans to convert the asset into an addiction recovery facility. The seller and price were not disclosed.

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FinanceGeorgiaMarylandNewsSkilled NursingWest Virginia

CFG Arranges $135M Refinancing for Skilled Nursing Portfolio in Southeast

by Jeff Shaw

BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has arranged a $135 million bridge loan for the refinancing and dividend recapitalization of a skilled nursing portfolio. The portfolio features nine facilities and 1,448 beds across Maryland, Georgia and West Virginia. The borrower is an industry-leading owner of skilled nursing facilities. CFG’s Tim Eberhardt and Ava Julio originated the transaction for the company. Further details were not disclosed.

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MarylandNewsOperationsPeople

Erickson Hires Chandra Kumar as Executive Director of Charlestown Community in Catonsville, Maryland

by Jeff Shaw

CATONSVILLE, Md. — Erickson Senior Living has named Chandra Kumar, a longtime Erickson leader, as executive director of Charlestown in Catonsville, a first-ring suburb of Baltimore. Kumar comes to Charlestown from Greenspring, another Erickson Senior Living community in Springfield, Va. She joined Erickson Senior Living in 2014 as the associate executive director of Riderwood in Silver Spring, Md. and was promoted to executive director at Greenspring in 2016. Kumar is a licensed nursing home administrator. She holds a bachelor’s degree in accounting and gerontology from the University of Maryland and …

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DevelopmentMarylandNews

Monarch Plans $80M Community in White Marsh, Maryland

by Jeff Shaw

WHITE MARSH, Md. — Monarch Communities has unveiled plans for Monarch White Marsh, a 188-unit independent living, assisted living and memory care community in the Baltimore suburb of White Marsh. Construction is scheduled to begin this month on the $80 million project. The property is incorporated into a 113-acre, master-planned, mixed-use development known as Villages of White Marsh. The community will be connected to a 20-acre park via a walking bridge providing access to 40 acres of open space and walking trails. The project is slated to open in late …

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AcquisitionsAssisted LivingMarylandNewsNorth CarolinaVirginia

Foundry Commercial Buys 24-Property Spring Arbor Senior Living Portfolio in Mid-Atlantic

by Jeff Shaw

ORLANDO — Foundry Commercial, in partnership with an investment fund managed by Morgan Stanley Real Estate Investing, has purchased the Spring Arbor Senior Living collection of 24 assisted living and memory care communities across the Mid-Atlantic. As part of the transaction, Foundry Commercial acquired the current operator, which will continue to manage the properties post-closing. The portfolio contains 1,424 units throughout Maryland, North Carolina and Virginia, with capacity for more than 1,800 residents. The Spring Arbor platform will continue operations under the Spring Arbor Senior Living brand. Capital Funding arranged …

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MarylandNewsOperationsPeople

Lutheran Social Ministries of Maryland Names Scott Edens as Executive Director of Community in Westminster

by Jeff Shaw

WESTMINSTER, Md. — Lutheran Social Ministries of Maryland has named Scott Edens as executive director of Carroll Lutheran Village (CLV) in Westminster, 30 miles northwest of Baltimore. Edens provides leadership oversight of day-to-day operations, including following federal, state and local laws, regulations and standards governing long-term care facilities. With over 30 years of senior living experience, Edens has planned and coordinated renovation projects for two health care campuses, led three regions of 28 skilled nursing facilities, planned and directed an improvement process to increase admissions at four health care centers, …

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