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CCRCDevelopmentNewsNorth Carolina

PruittHealth Breaks Ground on $385.5M Redevelopment at The Oaks at Whitaker Glen in Raleigh

by Jeff Shaw

RALEIGH, N.C. — PruittHealth has broken ground on its $385.5 million redevelopment project at The Oaks at Whitaker Glen, a continuing care retirement community in Raleigh. The project that will combine upscale senior living, public-facing retail stores and healthcare on one campus. Upon completion, the community will feature 246 independent living units, ranging from studio size to three bedrooms; 82 assisted living apartments; and a new, 106-bed, state-of-the-art skilled nursing center. The campus spans 20 acres. The Oaks at Whitaker Glen is accepting preconstruction reservations now. A construction timeline was …

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CCRCDevelopmentFinanceNewsNorth Carolina

Ziegler Arranges $76.2M Bond Financing for Carolina Meadows CCRC in Chapel Hill, North Carolina

by Jeff Shaw

CHAPEL HILL, N.C. — Ziegler has arranged $76.2 million in bond financing for Carolina Meadows, a continuing care retirement community (CCRC) in Chapel Hill, part of the Raleigh-Durham metro area. Carolina Meadows was formed in 1983 to develop, own and manage the community. The property features 476 independent living units, 78 assisted living units (95 beds in operation) and 78 skilled nursing units (86 beds in operation). This ranks Carolina Meadows as the 20th largest nonprofit, single-site CCRC in the country, according to the 2023 LeadingAge-Ziegler 200. Carolina Meadows plans to …

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DevelopmentNewsNorth Carolina

Liberty Senior Living Completes Renovations at Quail Haven Village in Pinehurst, North Carolina

by Jeff Shaw

PINEHURST, N.C. — Liberty Senior Living has completed renovations at Quail Haven Village in Pinehurst, approximately midway between Charlotte and Raleigh. Quail Haven Village features 79 units of independent living, 12 units of assisted living and 60 beds of skilled nursing and rehabilitation, in addition to offering home care services on its campus.  Renovations included improvements to the dining room, clubhouse and apartments.

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AcquisitionsIndependent LivingNewsNorth CarolinaOperations

SRI Management Takes Over Operations of Trevi Vibrant Senior Living in Charlotte

by Jeff Shaw

CHARLOTTE, N.C. — SRI Management has expanded into North Carolina with the management transition of Trevi Vibrant Senior Living, an independent living community in Northeast Charlotte.  Located between I-485 and the Charlotte Motor Speedway, Trevi Vibrant Senior Living is close to Concord Mills, offering abundant shopping, entertainment, hospitality and medical options. Trevi Vibrant Senior Living is part of the 45-acre Trevi Village mixed-use development.

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AcquisitionsIndependent LivingNewsNorth Carolina

Blueprint Brokers Sale of 143-Unit Community in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 143-unit independent living community in Raleigh. Opened in 2019, the community features a variety of unit types catering to a range of price points. While performance lagged in the wake of COVID, the community experienced positive momentum throughout 2023 and early 2024 and was trending toward stabilization at the time of marketing, according to Blueprint. The seller was a national developer/investor. Focus Healthcare Partners and Solera Senior Living acquired the asset for an undisclosed price. Alex …

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Assisted LivingDevelopmentNewsNorth Carolina

Waltonwood Senior Living Plans 95-Unit Community in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Waltonwood Senior Living has released plans for Waltonwood Lead Mine, an assisted living and memory care community set to open in Raleigh in fall 2025.  The community will feature 95 units, including 65 for assisted living and 30 for memory care. The site is near Crabtree Valley Mall and the North Hills area, which Waltonwood selected to provide convenient access to local amenities and services. Partners on the project include Cline Design Architects, Lighthouse Engineering, Hauser Creech Structural Engineers, Singh Development and Choate Construction.

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AcquisitionsIndependent LivingNewsNorth CarolinaOperations

Focus Healthcare Properties Names Solera as Operator of The Willows at Raleigh Independent Living Community

by Jeff Shaw

RALEIGH, N.C. — Solera Senior Living, a Denver-based operator, developer and investor of senior living communities across the U.S., has been named the operator of The Willows at Raleigh, an independent living community in Raleigh. Focus Healthcare Properties recently acquired the property.  The Willows offers 143 independent living residences. It is located in a residential area with easy access to big-city amenities. Residents are near shopping and dining, as well as major attractions in the capital city: North Carolina State University, the NC State Fairgrounds, Millbrook, Wake Forest and Falls …

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FinanceNewsNorth CarolinaSkilled Nursing

CFG Provides $36.2M Bridge Refinancing for Five Skilled Nursing Facilities in North Carolina

by Jeff Shaw

NORTH CAROLINA — Capital Funding Group (CFG) has provided a $36.2 million bridge-to-HUD loan to support the refinancing of five skilled nursing facilities in North Carolina. The properties feature a total of 522 beds. Through this deal, CFG refinanced an existing loan to include two additional underleveraged facilities.  Tommy Dillon of CFG originated the transaction. Further details were not disclosed.

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CCRCDevelopmentIndependent LivingNewsNorth Carolina

LCS Development Plans $90M Cypress Glen Expansion Project in Greenville, North Carolina

by Jeff Shaw

GREENVILLE, N.C. — LCS Development, An LCS Company, has received an undisclosed amount of financing for the community expansion and remodeling project at Cypress Glen, a senior living community in Greenville.  The $90 million project will add 57 independent living residences and include a new auditorium, expo kitchen, wine bar and remodeled amenities. LCS Development has led the planning, development and design, and will oversee the construction services.  The expansion is slated for completion by November 2025. Cypress Glen sits on over 95 scenic acres and is the only continuing …

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Active AdultDevelopmentNewsNorth Carolina

Flournoy Breaks Ground on Active Adult Community in Asheville, North Carolina

by Jeff Shaw

ASHEVILLE, N.C. — Flournoy Development Group has broken ground on a new active adult community in Asheville. The Class A property will be part of The Preserve at Busbee Mountain, a 130-acre, master-planned residential development in Central Asheville’s dynamic southern corridor. The active adult community, which was not yet named, will follow development of Ellison at The Preserve, a 315-unit conventional multifamily community, and later followed by a second conventional multifamily phase and single-family estate lots. The 179-unit active adult community will feature mountain and forest views. Construction is currently …

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