ALBUQUERQUE, N.M. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living communities in Albuquerque. The communities were built in 1972 and 1982, with renovations in 2011 and 2015. The properties are 3,176 and 7,880 square feet, and are situated on approximately 0.38 and 0.6 acres of land. The seller was a mom-and-pop owner divesting to retire from the industry. The buyer is an owner-operator expanding its presence in the Weste. This is the buyer’s first acquisition in New Mexico. The price was not disclosed. Vince …
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RALEIGH, N.C. — NIC MAP Vision, a Raleigh-based seniors housing data and analytics company, has launched a new listings service for brokers of seniors housing real estate. The service, labeled as “Real Estate” within NIC MAP Vision’s client platform, is the first online and free source of listings for high-quality seniors housing real estate. This service further expands the reach of the seniors housing investment sales community, facilitating access to the thousands of monthly active users on NIC MAP’s portal and offering more than $400 million in deal volume available. …
BEAUMONT, Texas — Buckner Retirement Services has named Samantha McCain as the new executive director for Calder Woods in Beaumont. As executive director of the faith-based senior living community, McCain will oversee community operations, regulatory compliance, and resident and associate relations. Most recently, McCain served as Calder Woods’ interim executive director and interim healthcare administrator. McCain has extensive senior living experience spanning more than 20 years. She has previously been employed by Colonial Healthcare, Trinity Healthcare, Community Care Center of Hondo, Bandera Nursing and Rehab SCC, Archer Healthcare Providers and …
Emerald Communities Begins $55M Assisted Living Expansion at Emerald Heights in Redmond, Washington
REDMOND, Wash. — Emerald Communities has broken ground on an assisted living expansion project in Redmond, approximately 10 miles east of Seattle. The development will add 54 one-bedroom units to Emerald Heights, a continuing care retirement community. The project also includes a dining space, activity rooms, an outdoor patio and a centralized courtyard across 67,55 square feet. Development costs are estimated at $55 million. Dean Kelly of the architecture firm Rice Fergus Miller is leading the design, and also recently managed Emerald Heights’ new 42-unit independent living building and earlier …
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC) has named senior living and healthcare expert Lisa McCracken head of research and analytics, effective Oct. 1. McCracken will oversee NIC’s research and analytics team, which develops actionable, data-driven insights on industry challenges and opportunities. She will drive a research agenda with nationally recognized partners to help the next generation of seniors housing and care leaders address evolving and dramatically different consumer preferences and needs. She will also showcase practical examples of how organizations nationwide are embracing …
2Life Communities Breaks Ground on 68-Unit Leland House Affordable Development in Waltham, Massachusetts
WALTHAM, Mass. — 2Life Communities has broken ground on Leland House, a 68-unit affordable seniors housing development in the Boston suburb of Waltham. The new development will stand at the site of the former Leland Home, a community serving 38 seniors founded in 1879 that provided personalized residential and nursing care to seniors in Waltham for nearly 140 years. “Hannah Leland had a mission, and it’s got to continue,” says Waltham Mayor Jeannette A. McCarthy. “There is a shortage of affordable housing, and while luxury housing is built all the …
CARRABELLE, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sale of St. James Health and Rehabilitation Center, a 90-bed skilled nursing facility in the Florida Panhandle beach community of Carrabelle. St. James represented the operator’s only location in the state, which led to the decision to exit and focus on its core geographic concentration in the Midwest and Mid-Atlantic regions. The facility was constructed in 2008 and comprises nearly all semi-private rooms. As the only facility in Carabelle with the next nearest competitor located over 30 miles away, …
CARLSBAD, Calif. — Integral Senior Living (ISL) and Solstice Senior Living have promoted Brenda Richy to national director of resident engagement. Richy’s previous role was national director of resident programming. This new emphasis on resident engagement demonstrates Solstice’s and ISL’s dedication to actively tackling the disparity between older adults’ perceptions of health and wellness and the wide-ranging health benefits of senior living communities. In this reimagined role, Richy will continue to collaborate closely with each community in the Solstice and ISL portfolio, serving as a resource and source of support …
Seniors Housing Transaction Activity Will Not Return to Normal Levels This Year, Says InterFace Panel
ATLANTA — One of the central questions of the investment panel at InterFace Seniors Housing Southeast was: Will transaction activity return in the fourth quarter? When Brooks Blackmon, panel moderator and executive managing director of Blueprint Healthcare Real Estate Advisors, asked the question, there was a quick response from the panel — “no.” “Return to what?” asked Kelly Sheehy senior managing director of Artemis Real Estate Partners. “Higher than today? Yes. Compared to 2019? No, it’s going to take time.” InterFace Seniors Housing Southeast is an annual conference hosted by …
CHICAGO — Ventas (NYSE: VTR), a Chicago-based REIT, has named three new operators for a portfolio of independent living communities in Texas, Florida and California. Sodalis Senior Living will take over management of 13 communities in Texas, while Priority Life Care will operate eight properties in Florida and Discovery Senior Living will operate five in California. Ventas “is expanding its successful existing relationships with the three managers to increase occupancy and performance in these communities,” the company said in a press release. The communities will be operated under management contracts. …