KANSAS CITY, Kan. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Providence Place, a 45-bed skilled nursing facility in Kansas City. Providence Place is located on the campus of Providence Medical Center. The acquisition is subject to a long-term, triple-net lease. This acquisition brings Ensign’s portfolio to 296 healthcare operations, 26 of which also include senior living operations, across 13 states.
VICTORIA, Texas — Regency Integrated Health Services has rebranded its Texas-based portfolio of 63 skilled nursing facilities as Wellsential Health properties. The properties are all being transitioned to a nonprofit model as part of the change. Wellsential Health has more than 7,000 team members and 6,000 patients and residents. The organization claims it is now the largest family of nonprofit skilled nursing facilities in Texas.
BEDFORD and HINGHAM, Mass. — LCB Senior Living has named executive directors at The Residence at Bedford in Bedford and The Residence at Penniman Hill in Hingham. Both properties offer assisted living and memory care. Arzu LeBlanc is the new executive director at The Residence at Bedford. LeBlanc has nearly a decade’s worth of experience in the senior living industry, having previously served as an executive director for EPOCH Senior Living and Benchmark Senior Living, where she was named the company’s Executive Director of the Year in 2017. Lea Goddard …
ANNAPOLIS, Md. — The occupancy rate for private-pay seniors housing rose 80 basis points to 84.4 percent in the second quarter of 2023, according to data from NIC MAP Vision. It’s the ninth consecutive quarterly increase in occupancy as the industry continues to recover from impacts of the COVID-19 pandemic. The occupancy figure marks an increase of 660 basis points from the pandemic low of 77.8 percent in second-quarter 2021, but still short of the pre-pandemic mark of 87.1 percent in first-quarter 2020. NIC MAP Vision is a product of …
MASON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Anthology of Mason, a 101-unit assisted living and memory care community in the Cincinnati suburb of Mason. The seller was Anthology Senior Living, with is a subsidiary of CA Ventures. Community First Solutions, an institutional investor with an all-cash offer, acquired the property for an undisclosed price. The community opened in late 2017 with an adjacent parcel of land well suited to an independent living expansion. Anthology elected to sell the community to recycle capital. The Blueprint …
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data, has named Jamie Gray as director of volunteer engagement. Gray will oversee NIC’s volunteer relations to help achieve its strategic objective to increase volunteer engagement. She will develop programs to recruit, onboard, and integrate new volunteers, and build a robust system of training, support and stewardship to support staff’s work to maximize the talents and contributions of NIC volunteers. Gray is a Certified Volunteer Administrator (CVA) with extensive experience designing …
GREENWOOD, Ind. — LCS Development has unveiled plans for a $100 million expansion project at Greenwood Village South, a seniors housing community in Greenwood, a southern suburb of Indianapolis. Plans include a new salon. library, indoor pool, 280-seat auditorium and an outdoor courtyard for pickleball and bocce ball. Greenwood Village South officials say the expansion will also dramatically improve two levels of care the 62-year-old facility provides: assisted living and memory care. For the expansion, LCS plans to build 66 new independent living “hybrid” homes in the form of six …
FORT WORTH, Texas — Developer and operator Tradition Senior Living has completed construction on a 297-unit project within the 270-acre Clearfork mixed-use development in Fort Worth. The Tradition-Clearfork offers 214 independent living residences and 95 assisted living and memory care units. Residences come in one- and two-bedroom formats and range in size from 880 to 2,200 square feet. Jackson & Ryan Architects designed the project, and Rogers-O’Brien Construction served as general contractor.
INDIANAPOLIS — Kandu Capital and its operating company, Bloom Senior Living, have acquired two senior living communities in Indianapolis out of a Fannie Mae receivership. With the move, Bloom expands its Indiana footprint to five communities. After strategically divesting $110 million of skilled nursing and behavioral health assets at peak pricing up to $225,000 per bed, Bloom has opportunistically redeployed capital into seniors housing at $30,000 per unit. Bloom is capitalizing on new distressed opportunities while its current portfolio is outpacing pre-pandemic levels and industry fundamentals are strengthening. Blueprint represented …
ST. PAUL, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Wellington, a 120-unit independent living and assisted living community in St. Paul. The community was built in 1985 and encompasses 124,468 square feet on 1.7 acres. The seller was a multifamily owner/developer looking to focus on its market-rate portfolio. The buyer was a large seniors housing nonprofit looking to expand its footprint in Minnesota. The price was not disclosed. The buyer plans to convert the building to all independent living. Jason Punzel and Jake Anderson …