Sunday, August 24, 2025
Read the Magazine Subscribe

News

CCRCDevelopmentIndependent LivingNewsNorth Carolina

LCS Completes Phase I of $75M Expansion at WhiteStone CCRC in Greensboro, North Carolina

by Jeff Shaw

GREENSBORO, N.C. — Life Care Services (LCS) has completed the first phase of a $75 million expansion project at WhiteStone, a continuing care retirement community in Greensboro. LCS manages the Masonic and Eastern Star community. This phase of the expansion added 67 one- and two-bedroom independent living units to the property. In addition, the Care and Wellness Center renovations include a rehabilitation gym, courtyard and gardens, and enhanced salon and spa. In Guilford County, more than 16 percent of the population is currently made up of seniors, and that number …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultFinanceNews

Walker & Dunlop Arranges $390M in Financing for 10 Active Adult Communities

by Jeff Shaw

BETHESDA, Md. — Walker & Dunlop, a Bethesda-based financial services company, has arranged $390 million in financing for 10 active adult communities over the past year. Matt Wallach, Stephen West and Walker Layne led the Walker & Dunlop capital markets teams. The debt capital was sourced through Freddie Mac, Fannie Mae, HUD, life insurance companies, banks and debt funds. According to the U.S. Active Adult Community Market Size, Share & Trends Analysis Report by Gender and Segment Forecasts, the U.S. active adult community market size is estimated to reach $805 billion by …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentIllinoisIndependent LivingNews

Lifespace Completes Independent Living Renovation at Oak Trace in Downers Grove, Illinois

by Jeff Shaw

DOWNERS GROVE, Ill. — Lifespace has completed renovations to the independent living building at Oak Trace, a continuing care retirement community in Downers Grove, approximately 20 miles west of Chicago. The renovations were part of a $112 million full-campus redevelopment. The first phase of the project occurred in 2019, when Oak Trace opened its new Health and Wellness Center offering assisted living, memory care rehabilitation and skilled nursing. It was named among the Best Nursing Homes by U.S. News & World Reportfor 2022-2023. The latest phase, completed last week, features renovated shared …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsOklahoma

Blueprint Negotiates Sale of 110-Unit Community in Tulsa, Oklahoma

by Jeff Shaw

TULSA, Okla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 110-unit assisted living and memory care community in Tulsa. The community opened in late 2017 offering high-end design and finishes, Class A amenities, and a diverse unit mix. Despite some early traction, performance stalled going into, and through, the COVID-19 pandemic before showing signs of resurgence in the last 12 months. A national investor and its operator, both based in Seattle, sold the asset for an undisclosed price. The buyer was a growing operator with roots …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultDevelopmentMinnesotaNews

Goodman Group Breaks Ground on 70-Unit Expansion at The Lakes at Stillwater in Minnesota

by Jeff Shaw

STILLWATER, Minn. — The Goodman Group has broken ground on Sandhill Shores, the third phase of construction at The Lakes at Stillwater in Stillwater, located along the Wisconsin border east of Minneapolis-St. Paul. Sandhill Shores offers 70 one- and two-bedroom luxury apartments for residents over age 62.  The project is scheduled for completion in summer 2024.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCaliforniaCCRCNewsPeople

LCS Promotes Two Executive Leaders

by Jeff Shaw

PHOENIX — Life Care Services has updated its executive team roster with two internal promotions and a new hire. Stewart Ingram was promoted to regional operations manager for Life Care Services (LCS). He has been working with Sagewood and its parent company, LCS, for more than 31 years and was Sagewood’s executive director for 17 years. In his new role, Ingram will oversee the operations of LCS-managed communities in the San Diego and San Francisco Bay markets. To fill the position of executive director at Sagewood, an LCS community in …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaMemory CareNews

Alta Acquires Newly Constructed Memory Care Community in North Palm Beach, Florida

by Jeff Shaw

PALM BEACH, Fla. — Alta Senior Living has acquired Palm Beach Memory Care, a newly constructed 60-unit memory care community located in North Palm Beach.  The community opened with 20 percent of the units already pre-leased. It is strategically located near Alta Senior Living’s regional office that shares space with restaurant tenant, DeSano Pizza. Dan Baker with JLL arranged the sale. The seller and price were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsOhio

Blueprint Negotiates Sale of 88-Unit Community in Metro Cleveland

by Jeff Shaw

CLEVELAND — Blueprint Healthcare Real Estate Advisors has arranged the sale of an 88-unit assisted living and memory care community in metro Cleveland. The community was built in 1988. Blueprint used the availability of the Ohio Assisted Living Medicaid Waiver Program as a selling point. The seller was a public REIT and its operating partner. The buyer was a private owner-operator looking to expand in the area. The price was not disclosed. The Blueprint team included Ben Firestone, Michael Segal, Connor Doherty, Ryan Kelly and Lauren Nagle.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsPeople

Newmark Expands Finance Group with Hire of Bill Fishel

by Jeff Shaw

LOS ANGELES — Newmark has hired capital markets debt and structured finance veteran Bill Fishel as executive vice chairman.  Fishel specializes in raising debt and equity capital for institutional-grade assets and developments across North America, with a particular focus on structured finance. He will report to Chad Lavender, president of capital markets for North America at Newmark. In his 14-year career, Fishel has executed over $15 billion in financing for a wide range of asset classes, including retail, office, multifamily, industrial, hospitality, single tenant, land and data center properties. His …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentFinanceNew YorkNews

Greystone Provides $25.2M Construction Financing for Mansion-to-Seniors Housing Conversion in Bay Shore, New York

by Jeff Shaw

BAY SHORE, N.Y. — Greystone has provided $25.2 million in HUD financing for the conversion of a historic mansion in the Long Island hamlet of Bay Shore into an assisted living and memory care community. The project owners, Charles Ferraro and Nicholas Racanelli, recognized the south shore market as being underserved with quality assisted living and memory care services, and developed a plan to reimagine the original Gulden family homestead, Netherbay, into a state-of-the-art care facility that preserves the character of the 1800s mansion and estate grounds. The Gulden family …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts