News

CARLSBAD, Calif. — Solstice Senior Living, a Carlsbad-based operator, has hired Laurel O’Dell as regional director of sales and marketing for the West region.  O’Dell will support sales and marketing initiatives at 12 Solstice Senior Living communities in Washington and California. Prior to joining Solstice, O’Dell served as an award-winning, traveling director of sales at Sunrise Senior Living and was later promoted to regional sales. Additionally, O’Dell worked as a senior living adviser at A Place For Mom and as a memory care director at Oakmont Senior Living.

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BOSTON — Pleasant Spring Communities, which oversees Springhouse Senior Living Community and Mount Pleasant Home in Boston, has agreed to affiliate with HumanGood, a nonprofit operator based in California. Following regulatory and lender approval, the two communities will join HumanGood’s family of life plan and affordable senior living communities. “We chose to partner with HumanGood not only for their expertise in overseeing independent living communities like Springhouse and affordable housing communities for older adults, but also because they share our values of creating settings focused on independence, trust, and caring …

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BROOKSVILLE, LAKE PLACID and SPRING HILL, Fla. — Grandbridge Real Estate Capital’s seniors housing investment sales team has arranged the sale of three communities in Florida on behalf of a national REIT.  Florida-based TJM Properties Inc, a regional owner-operator, acquired two of the properties. The Grande is a 144-unit independent living, assisted living and memory care community in Brooksville, and Balmoral is a 125-unit assisted living and memory care community in Lake Placid.  An undisclosed, Florida-based buyer purchased the remaining property: Forest Oaks, an 80-unit assisted living and memory care …

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SHEBOYGAN, Wis. — Charter Senior Living has partnered with DMK Development Group and the West Bend-based general contractor American Companies to unveil plans for a new senior living option in Sheboygan.  Charter Senior Living of Sheboygan senior living community is designed to meet the growing needs of the senior population that now constitutes 20 percent of Sheboygan County and is expected to increase as baby boomers continue to age. The new community, in conjunction with Van Horn Real Estate, will be located within the North Town master-planned development, just northeast …

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AUSTIN and DALLAS, Texas — Newmark has hired Chris McColpin and Andrew Porteous as senior managing directors specializing in debt, equity and structured finance services within the firm’s capital markets practice.  Based in Austin and Dallas, respectively, McColpin and Porteous will join director Josh Francis to lead the commercial debt efforts in Texas while working closely with Newmark’s industrial, office and multifamily capital markets professionals. They will report to Ran Holman, executive vice president and Texas market leader. Prior to joining Newmark, McColpin served as a managing director of JLL …

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WESTERVILLE, Ohio — Ziegler has arranged $59.9 million in bond financing for Ohio Living, a Westerville-based nonprofit operator of 12 seniors housing communities in Ohio. Bond proceeds will be used to refund existing bank debt, terminate an interest rate swap agreement, fund a debt-service reserve fund equal to approximately one year of debt service, fund approximately $3 million of capital expenditures and pay certain costs of issuance associated with the financing.  The bonds consist of tax-exempt, fixed-rate serial and term bonds with an 18-year final maturity. The financing includes a …

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FORT COLLINS, Colo. — Evans Senior Investments (ESI) has arranged the sale of a skilled nursing facility in Fort Collins for $7.6 million. The seller was an independent owner-operator. Although the number of beds was not released, the per-bed price of $79,166 equates to 96 beds. Initially built in 1968, the seller owned and operated the community for nearly two decades, achieving a four-star CMS rating. However, being its only skilled nursing facility, the company faced the challenges of today’s operating environment and lacked economies of scale. Upon marketing, the …

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ARDMORE, Pa. — Meyer, an Ardmore-based architecture and design firm that works in seniors housing, has launched a new brand identity and website.  Meyer’s commitment to its next stage is reflected in the firm’s renewed mission, “to create possibilities for people to be and belong.”   The firm’s portfolio spans corporate, senior living, multifamily, active adult, life sciences, higher education and healthcare markets nationwide.   In February 2020, Meyer announced the promotion of Alicia Karr from CFO to president. In her previous role, Karr led the transition of the company from privately …

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NEW YORK CITY — Newmark has hired John Ward as vice chairman of its multifamily capital markets group.  Based in New York, Ward specializes in the origination of debt products for multifamily and other commercial assets nationwide, including Fannie Mae, Freddie Mac, FHA/HUD, CMBS, life company, banks, preferred equity/mezzanine and bridge loan executions. With more than three decades of commercial real estate development, valuation and debt origination experience, Ward has placed and structured over $15 billion in capital through varying executions and capital structures for an array of property types. …

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GREAT FALLS, Mont. — Community Preservation Partners (CPP) has acquired two affordable seniors housing communities in Great Falls: Sunshine Village and Broadview Manor East & West. CPP plans to renovate both properties, and has partnered with The Hampstead Cos., which will be the owner and co-developer. This is the second project closing in Montana for CPP and Hampstead together, totaling three communities in the area. CPP and Hampstead’s total development investment is approximately $23.1 million, which includes the purchase price of $10.8 million and an estimated renovation cost of $72,850 …

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