NEW MEXICO — Evans Senior Investments (ESI) has arranged the sale of a 100-bed skilled nursing community in New Mexico. Built in the late 1990s, the facility is located over 50 miles from the nearest competing nursing facility. The facility experienced a COVID-19 outbreak shortly before going to market, which resulted in the loss of over 25 residents and brought occupancy down to an all-time low of 46 percent. At the time of sale, the facility was 65 percent occupied. ESI represented the seller, a regional owner-operator based out of …
ALBUQUERQUE, N.M. — Insight Senior Living has opened the doors at Amaran Senior Living, an assisted living and memory care community in Albuquerque. Amaran Senior Living shares a campus with Nido, a Montessori nursery, and Montessori ONE Academy, with programming for infants, preschoolers and elementary school students. Through the partnership with Nido and Montessori ONE Academy, Amaran is able to provide intergenerational programming and aspires to bring in a cross-generational experience. Residents and children are able to interact with each other throughout the day, walking back and forth from each …
BONITA SPRINGS, Fla. — Discovery Senior Living has acquired a portfolio of 16 seniors housing properties in Texas, North Carolina and New Mexico, the largest single acquisition in the Bonita Springs-based owner-operator’s history. Discovery’s partner on the acquisition was White Oak Healthcare REIT. The seller and names of the communities were not disclosed. As part of the purchase, Discovery launched a new brand — Morada Senior Living. Based in Dallas and wholly owned by Discovery, Morada will oversee the new portfolio with a dedicated management team led by a division …
DALLAS, GREENVILLE, S.C. and SANTA FE, N.M. — Dallas-based architecture firm “three” has completed design work on three seniors housing communities — expansions in Dallas and Greenville, and a ground-up development in Santa Fe. Locally, three is leading a $35 million repositioning effort for Presbyterian Village North, owned and operated by nonprofit Presbyterian Communities and Services. The project will add 112 independent living units and a 30,000-square-foot commons building at the campus core. In South Carolina, for the single-site Woodlands at Furman community in Greenville, the firm designed a $19 million …
WEST DES MOINES, Iowa, BEAVERTON, Ore., and SANTA FE, N.M. — Confluent Senior Living, a subsidiary of Denver-based real estate investment and development firm Confluent Development, has sold three of its MorningStar-branded communities. Confluent Senior Living co-developed each community with its operating partner MorningStar Senior Living. MorningStar will maintain its role as operator for the communities. CBRE brokered the deal on behalf of Confluent Senior Living. In West Des Moines, the MorningStar at Jordan Creek community opened in March 2018. The 71,000-square-foot community provides 85 assisted living and memory care …
AUSTIN, Texas, and ALBUQUERQUE, N.M. — As advisor to Titan Development and EverWest Real Estate Investors, Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of a pair of seniors housing assets in the Austin and Albuquerque metro areas. A joint venture between Watermark Retirement Communities and a global real estate investment manager acquired the properties for an undisclosed price. The portfolio consists of two new buildings with nearly identical layouts and unit mixes, each consisting of 77 assisted living units and 36 memory care beds, for a …
ALBUQUERQUE — West Linn, Ore.-based Insight Senior Living has broken ground on Amaran Senior Living, an assisted living and memory care community in Albuquerque. The project team includes Paaru Builders, Montessori One Academy and Dekker/Perich/Sabatini. Located at 9100 Holly Ave. NE, the 81,000-square-foot facility will feature 56 assisted living units and 16 memory care apartments. Units will include natural light, moveable kitchen islands, contemporary closet organizers, stainless steel appliances, smart home technology and individual washers/dryers. The community will feature more than 15,000 square feet of amenity space, including multiple dining venues, …
FARMINGTON, N.M. — Marcus & Millichap has brokered the sale of Cedar Ridge Inn, a skilled nursing facility located at 800 Saguaro Trail in Farmington. A private investor sold the asset to another private investor for an undisclosed price.
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