BASALT, Colo. — Realty Capital Partners, a Dallas-based equity investor, has invested $11.7 million in the development of 72 residential rental units tailored for active adults in Basalt. Developer Realty Capital Residential has acquired the land and secured all necessary entitlements, permits and approved plans. The project will encompass a modern living concept and 2,600 square feet of ground-floor restaurant space. Groundbreaking is set for this month, with completion slated for August 2025. The community will feature one- and two-bedroom floor plans ranging from 675 square feet to 1,322 square …
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OHIO — Capital Funding Group (CFG) has provided a $7.2 million refinancing, which supported the turning an existing bridge loan executed by CFG into a HUD loan. The refinancing supported a 75-bed skilled nursing facility in Ohio. Further details on the property and buyer were not disclosed. Tim Eberhardt of CFG originated the transaction.
ALEXANDRIA, Va. — The Arlington Partnership for Affordable Housing (APAH), along with development partners and Fairfax County officials, has cut the ribbon on Oakwood Meadow Senior Residences. The affordable housing development for independent seniors is located in Alexandria and offers 150 one- and two-bedroom apartments for qualifying adults age 62 and older who earn between 30 and 60 percent of the area median income (AMI). Located on a site that was formerly a stormwater retention pond, this project demonstrates a public-private partnership between APAH and Fairfax County Redevelopment and Housing …
CHICAGO — Ziegler has arranged the sale of Bethesda Rehab & Senior Care, a 135-bed skilled nursing facility in Chicago. The four-story facility is located on a nearly two-acre parcel. For over 100 years, Bethesda has had a presence in the Chicagoland area and the community has developed a reputation for providing short-term rehabilitation, long-term skilled nursing care, respite care and Alzheimer’s care to seniors throughout the greater northern Chicagoland area. Bethesda was previously a part of Norwood Crossing, founded in 1896, whose main residential campus in Chicago’s Norwood Park …
NEWPORT BEACH, Calif. — Insight Living and Smilefish have announced a strategic partnership aimed at using artificial intelligence (AI) to drive innovation in senior care. By jointly developing AI-anchored technology, the companies aim to accelerate care innovation in long-term care and residential settings. Smilefish is a machine learning and data science provider focused on accelerating digital transformation, automation and enablement of AI application development for clients and partners. Smilefish has software and data management experience for a range of healthcare and life sciences partners. Insight Living believes senior living operators …
Health Dimensions Group Promotes Colin Higgins to Vice President of Market Analysis, Research
MINNEAPOLIS — Health Dimensions Group (HDG) has promoted Colin Higgins to vice president of market analysis and research. With more than 20 years of experience in senior living and healthcare, Higgins is an expert in market research, demand analysis, feasibility studies and competitive assessments for post-acute, long-term care and senior living providers as part of their business plan development. In addition, his passion for improving the lives of older adults has inspired his role on HDG’s PACE (Program of All-inclusive Care for the Elderly) Technical Assistance Center leadership team. In …
Arrow Opens 158-Unit The Summit Senior Living at Chenal Valley in Little Rock, Arkansas
LITTLE ROCK, Ark. — Arrow Senior Living has opened The Summit Senior Living at Chenal Valley in Little Rock. Built by O’Reilly Development, the property is situated in the bustling West Little Rock area and sits on 12 acres near outdoor recreation, shopping and fine dining. The 163,000-square-foot property features 96 independent living units, 44 assisted living units and 18 memory care units. The Summit Senior Living at Chenal Valley is the first Arrow-operated community in Arkansas and the 35th in the nation.
LOUISVILLE, Ky. — Aline, a Louisville-based provider of an all-in-one operating system for senior living, has appointed Jonathan Blackburn as chief revenue officer and Ryan Johnson as chief financial officer. Aline was formed in October 2022, as the result of the merger of software providers Enquire, Glennis Solutions and Sherpa CRM. Blackburn will be responsible for leading Aline’s commercial strategy across its portfolio of CRM automation, operational, care and digital payments solutions. Prior to joining Aline, Blackburn served as the chief revenue officer for Therapy Brands, a mental and behavioral …
DALLAS — Buckner Retirement Services has hired Jake Bell as the new executive director for Ventana by Buckner in Dallas. As executive director of the faith-based senior living community, Bell will oversee community operations, regulatory compliance, and resident and associate relations. Bell most recently served as president and CEO of Christian Horizons, a senior living provider in the Midwest. He has 20 years of experience within a variety of nonprofit, faith based organizations. Bell has a bachelor’s degree from Southeastern Oklahoma State University and a master’s degree in administration and …
ATLANTA — As the seniors housing sector continues its long, slow recovery from the COVID-19 pandemic, it can help to look at what the fastest operators to recover are doing right now. That said, as occupancy stays well below historical averages and expenses stay high, especially for labor, there is no quick-fix solution. “These changes don’t take place overnight,” said Jennifer Dixon, CEO of JD Solutions Group. “It takes planning and preparation to see the fruits of that labor.” Dixon made her comments during a panel she moderated at France …