BLUE SPRINGS, Mo. — Arrow Senior Living has hired Katie Burrage as executive director at The Parkway Senior Living in Blue Springs, a suburb of Kansas City. Burrage joined The Parkway in May, at the height of the COVID-19 pandemic. Under her leadership, Parkway has implemented the use of mask detecting technology and thermographic cameras to prevent the spread of the virus. The community has been COVID-free since June 2020. A graduate of Lindenwood University, Burrage earned a double master’s degree in gerontology and healthcare management. She is also licensed …
Missouri
LIBERTY, Mo. — Blueprint Healthcare Real Estate Advisors has negotiated the lease with a new operator for Ashton Court Care and Rehabilitation Centre in the Kansas City suburb of Liberty. The property features a total of 140 skilled nursing beds. The operator sought to exit the state of Missouri to focus on its core markets. The incoming tenant has worked with Blueprint to become operator at 15 other facilities previously, and is strategically expanding within Missouri. The landlord is a REIT.
ARNOLD, Mo. — Love Funding has provided a $12.9 million FHA loan for The Woodlands of Arnold, an assisted living, memory care and skilled nursing complex in Arnold. The loan will replace bridge financing on the property. The Woodlands of Arnold is part of a larger healthcare campus, offering a full continuum of care including independent living, assisted living, memory care and skilled nursing. The subject credit facility included financing for a 178-bed skilled nursing facility and a 24-unit assisted living facility that is being converted into a memory care …
ST. LOUIS — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 167-bed skilled nursing facility in St. Louis. A REIT owner sold the property, with the operating partner planning to exit Missouri altogether. Despite a $1.2 million renovation in 2015, occupancy and cash flow were both in decline. An East Coast-based owner-operator with an existing presence in the state was the buyer. Housing & Healthcare Finance sourced the acquisition loan. The price was not disclosed.
NEW YORK CITY — Greystone, a New York City-based healthcare facility owner and operator, has acquired 12 skilled nursing facilities and one supportive living community in Illinois and Missouri. The properties were all previously operated by Rosewood Care Centers. The Department of Housing and Urban Development (HUD) sold the assets for an undisclosed price. The portfolio totals 1,662 beds, and Greystone Healthcare Management Midwest will rebrand and operate the communities. The 13 properties are: Rosewood Care Center of Alton, Illinois, now named Riverside Rehab & Healthcare Rosewood Care Center of …
SPRINGFIELD, Mo. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Fremont, a 119-unit independent living, assisted living and memory care community in Springfield. A Missouri-based ownership group sold the property to a Florida-based private equity company for an undisclosed price. The new owner assumed an existing agency loan as part of the acquisition, and will keep Arrow Senior Living as the operator. Originally built in 2008, the community underwent an expansion in 2012 to keep up with the demand of the local market. Consisting of 54 …