HAMILTON, N.J. — Inspired Healthcare Capital (IHC) has acquired Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community located in the Trenton suburb of Hamilton. Further details were not disclosed. IHC is an Arizona-based private real estate investment firm that focuses on the seniors housing sector. This was IHC’s fourth acquisition in 2022, after closing on nine seniors housing transactions in 2021.
BERLIN and MOUNT HOLLY, N.J. — Tryko Partners has acquired two skilled nursing facilities in Berlin and Mount Holly, both located across the Delaware River from Philadelphia. Virtua Health sold the two communities for an undisclosed price. Tryko plans to rebrand the assets as Berlin Rehabilitation & Healthcare Center and Mount Holly Rehabilitation & Healthcare Center, respectively. Tryko facilities are supported by Marquis Health Consulting Services, a nursing home consulting company. The standalone Mount Holly facility features 180 licensed beds. The 128-bed Berlin facility is part of a larger Virtua …
PITTSGROVE, N.J. — Capital Funding Group (CFG) has arranged $10.6 million in bridge-to-HUD financing for the acquisition of an 84-bed skilled nursing facility in Pittsgrove, approximately 30 miles south of Philadelphia. Care Tim Eberhardt and Ava Julio originated the transaction. Further details were not disclosed.
TINTON FALLS, N.J. — Erickson Senior Living has named Jennifer McNamara as executive director of Seabrook, a community in Tinton Falls. McNamara has been a member of the Seabrook team for over 18 years and has served as associate executive director since 2017. McNamara started her career journey at Seabrook in 2003 as a social work. Before her role as associate executive director, she worked in various positions, including resident life director, resident life manager, senior social work manager and social worker. McNamara is a licensed clinical social worker and …
POMPTON PLAINS, N.J. — Erickson Senior Living has named Kristen Compton as executive director of Cedar Crest, a seniors housing community in the North Jersey municipality of Pompton Plains. “Kristen has been serving as Cedar Crest’s associate executive director since 2017 and has proven herself to be a strong and dedicated leader,” says John Mann, Erickson Senior Living’s vice president of regional operations. Compton’s accomplishments at Cedar Crest include facilitating many of the community’s repositioning projects, driving operations and helping the community achieve both resident satisfaction and employee engagement. Before …
PENNSAUKEN, N.J. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Ivystone Senior Living in Pennsauken, just across the Delaware River from Philadelphia. The community features 100 independent living units, 43 assisted living units and 21 memory care units. The original physical plant was constructed in 1965, with additions to the property over the years. Priority Life Care, a court-ordered receiver as the property was in bankruptcy, sold the asset to UNPPG Management LLC, a privately held owner-operator based in New York. The price was not disclosed.
NORTH BRUNSWICK, N.J. — Kaplan Cos. has opened Amaranth at North Brunswick, a 222-unit active adult community in North Brunswick, approximately midway between New York City and Philadelphia. Apartments range from 823 to 1,397 square feet. The property is Kaplan’s first active adult community. The company is already underway on its second Amaranth development in nearby East Windsor.
POINT PLEASANT, N.J. — Marquis Health Consulting Services has completed a $3 million renovation project at Crest Pointe Rehabilitation & Healthcare Center. The centerpiece of the renovation was the addition of a 3,000-square-foot rehab therapy gym and the incorporation of a activities of daily living (ADL) suite. Other renovation highlights also include a lobby/reception area redesign and expansion; reconfigured and updated dining area and lounges; and updates to resident rooms. During the renovation process, Crest Pointe and Marquis also enhanced the facility’s specialized programming in partnership with regional healthcare providers. Physician-led …
BONITA SPRINGS, Fla. — Discovery Senior Living and National Health Investors (NYSE: NHI) have formed a joint venture to acquire and rebrand nine former Holiday Retirement communities. The properties are located in Arkansas, Georgia, Ohio, Oklahoma, New Jersey and South Carolina and total 1,094 units. Discovery Senior Living and its subsidiary management companies have taken over operations. Additionally, Discovery will assume operations of Isles of Vero Beach, a 230-unit assisted living community in Vero Beach, Florida, through Discovery and NHI’s existing joint venture. That property will be renamed Discovery Village …
BRANCHBURG, N.J. — Walters has started construction of the second phase of Cornerstone at Branchburg, an age- and income-restricted apartment community in Branchburg. Situated on 11.7 acres, the property will feature 150 units when both phases are completed. Each phase represents a three-story building, with the first scheduled for completion in December 2022 and the second in spring 2023. Apartment floor plans include one- and two-bedroom residences, ranging from approximately 700 to 900 square feet. The development team is seeking LEED and Energy Star certifications. Priority is given to residents …