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DevelopmentMemory CareMissouriNews

Spellman Brady Completes Interior Design for Memory Care Expansion in Shrewsberry, Missouri

by Jeff Shaw

SHREWSBERRY, Mo. — Spellman Brady & Co. has completed the interior design for the addition to Our Mother of Perpetual Help Memory Care on the Cardinal Ritter Senior Service’s Shrewsberry campus. The single-story memory care addition has two wings consisting of 13 private units each. A small-home concept guided the overall design to create a residential home-like, non-institutional setting for residents. Spellman Brady collaborated with Vessel Architecture, which developed the building addition, and BSI Constructors, the general contractor for the project.

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Active AdultDevelopmentMissouriNews

Avenue Development Breaks Ground on Viva Bene Active Adult Community in St. Peters, Missouri

by Jeff Shaw

ST. PETERS, Mo. — Avenue Development has broken ground on the first active adult community under its new Viva Bene brand. Located in St. Peters, a western suburb of St. Louis, the 195,000-square-foot campus will feature 161 units. Concurrent with the groundbreaking announcement, Avenue noted that its Viva Bene-branded communities will partner with national primary care provider Sevi Health. The partnership combines Viva Bene’s vision of delivering wellness amenities with Sevi Health’s mission to simplify primary care for residents by helping seniors navigate a complicated healthcare system. “Sevi Health’s leadership …

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AcquisitionsMissouriNews

Blueprint Brokers Sale of Two Communities in Metro St. Louis

by Jeff Shaw

FLORISSANT and DeSMET, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two seniors housing communities in northwest St. Louis. Pacifica Senior Living divested of the communities as non-core assets. Located in Florissant and DeSmet, the properties total 165 units of independent living and assisted living. An investment fund out of St. Louis, a new entrant to the seniors housing industry, bought the assets and plans to convert one property into multifamily housing and maintain the other as a seniors housing community. The price was not disclosed.

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AcquisitionsMissouriNewsSkilled Nursing

Blueprint Brokers Sale of 90-Bed Jackson Manor Nursing Home in Jackson, Missouri

by Jeff Shaw

JACKSON, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Jackson Manor Nursing Home, a 90-bed skilled nursing and long-term care facility in Jackson, approximately 110 miles south of St. Louis. A public REIT sold the asset to a local owner-operator for an undisclosed price. The facility was originally constructed in 1979 and features all private rooms. With limited local competition, Jackson Manor maintained consistent census and quality mix levels through local and regional referral sources around nearby Cape Girardeau.

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DevelopmentIndependent LivingMissouriNews

IMPACT Strategies Completes Renovations at The Watermark at St. Peters in Missouri

by Jeff Shaw

ST. PETERS, Mo. — IMPACT Strategies has completed interior renovations at The Watermark at St. Peters, an independent living facility in St. Peters, approximately 30 miles northwest of St. Louis. The three-story, 184-unit community sits on 13 acres The renovation of the interior of the building included refreshed spaces for the exercise room, activity room, indoor pool area, locker room, private theater, library and family room on the first floor as well as new carpet, specialty trim and paint throughout the corridors on all three floors. The project also involved …

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Affordable HousingDevelopmentMissouriNews

Joint Venture Completes Phase I of Scott Manor in St. Louis, Breaks Ground on Phase II

by Jeff Shaw

ST. LOUIS — A partnership including Roanoke Construction Inc., The Oakland Group LLC and BTWF Urban Initiative has opened Phase I of Scott Manor Senior Living, a mixed-income seniors housing community in St. Louis. Phase I features 42 two-bedroom units, amenity space and 1,500 square feet of retail space. The first units are fully occupied. Simultaneously with the grand opening, the partnership also broke ground on Phase II, which will add 50 one- and two-bedroom units to the property. Missouri Housing Development Commission financed the development alongside private investors and …

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Affordable HousingDevelopmentMissouriNews

Joint Venture Breaks Ground on 50-Unit Elm Ridge Mixed-Income Community in Hazelwood, Missouri

by Jeff Shaw

HAZELWOOD, Mo. — A partnership including Roanoke Construction Inc., The Oakland Group LLC, The Unicorn Group LLC and BTWF Urban Initiative has broken ground on Elm Ridge Senior Living, a mixed-income senior living community in Hazelwood, a suburb of St. Louis. Construction is financed in part by resources from Missouri Housing Development Commission and private investors and lenders including St. Louis Equity Fund, Sugar Creek Capital and Legacy Bank and Trust. Once complete, the elevator-served building will feature 50 one- and two-bedroom apartments for seniors 55 years of age and …

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AcquisitionsMissouriNewsSkilled Nursing

Blueprint Brokers Sale of Two Skilled Nursing Facilities in Metro Kansas City

by Jeff Shaw

HARRISONVILLE and LEXINGTON, Mo. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Meadow View of Harrisonville Health & Rehabilitation and Riverbend Heights Health & Rehabilitation. The two skilled nursing facilities are located in the Kansas City suburbs of Harrisonville and Lexington, respectively. The portfolio totals 280 licensed beds. Both assets were built in the 1970s. Following a tenant transition in 2018 facilitated by Blueprint for the REIT owner, specific targeted capital improvement projects were completed, and operational performance improved as a result. With the improved census and …

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DevelopmentFinanceMissouriNews

Blueprint Arranges Development Financing for Bluffstone Community in St. Peters, Missouri

by Jeff Shaw

ST. PETERS, Mo. — Blueprint Healthcare Real Estate Advisors has arranged an undisclosed amount of development financing for The Bluffstone Senior Living, a ground-up seniors housing development in St. Peters, just across the Missouri River from St. Louis. Upon completion, Arrow Senior Living will operate the community, which features 91 independent living, 44 assisted living and 18 memory care units. The borrower is O’Reilly Development Co., an established regional seniors housing developer. Kayne Anderson Real Estate. Though Kayne has purchased two prior O’Reilly properties, this marks the first ground-up development …

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AcquisitionsMissouriNewsSkilled Nursing

Blueprint Negotiates Sale of 400-Bed Skilled Nursing Portfolio in Kansas City

by Jeff Shaw

KANSAS CITY, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 400-bed skilled nursing portfolio in the Kansas City metro area. The seller was a Missouri-based family office that developed the portfolio in the late 1990s along with its wholly owned management company, Capital Health Management. The buyer was an East Coast-based investor and its operations partner, both looking to expand in Missouri. The price was not disclosed.

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