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DevelopmentIllinoisIndependent LivingNews

Covenant Breaks Ground on $66.5M Expansion Project in Northbrook, Illinois

by Jeff Shaw

NORTHBROOK, Ill. — Covenant Living Communities and Services has broken ground on an expansion project at Covenant Living of Northbrook in Northbrook, a suburb north of Chicago. The $66.5 million expansion includes three new three-story carriage homes. This will add 36 new one- and two-bedroom apartments, each with a large patio or balcony and private garage. The overall project also includes a reimagined town center, adding another 9,000 square feet with upgraded dining venues — both indoors and outdoors. The outdoor spaces will incorporate a fit pit. The development team …

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DevelopmentFloridaNews

Lawson Group Architects Completes Phase One of 81 Oaks Senior Living in Sarasota, Florida

by Jeff Shaw

SARASOTA, Fla. — Lawson Group Architects (LGA) has completed Phase One of 81 Oaks Senior Living in Sarasota. N21 Group, a related partner of LGA, co-developed the project. The 108,000-square-foot property is situated on a 20-acre site, which features intergenerational aspects due to the campus including a church and a public charter school.  Phase One offers independent living, assisted living and memory care residences featuring studios, one- and two-bedroom floorplans. Future phases include independent living apartments and a neighborhood of one-story villas with attached garages. JP Wiseman Construction built the …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Arranges Sale of Two Communities in Georgia

by Jeff Shaw

JEFFERSON and NORCROSS, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Georgia. The two communities are located approximately 50 miles from each other in Jefferson and Norcross, both northeast of Atlanta. Bradley Clousing and Daniel Geraghty led the transaction for SLIB. The buyer, seller, price and names of the communities were not disclosed.

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Company NewsNewsPeopleTechnology

Seniors Housing Tech Company K4Connect Names Mike Weller as CEO

by Jeff Shaw

RALEIGH, N.C. — K4Connect, a Raleigh-based provider of enterprise technologies for the senior living industry, has appointed Mike Weller as CEO.  Weller assumes this role after serving as chief operating officer of K4Connect, and will oversee the company’s growth strategy and continued development of its FusionOS integration and data platform. K4Connect’s co-founder and former CEO, Scott Moody, will continue to work closely with Weller through the transition and will continue to serve on the company’s board of directors. “Over the past decade, Jonathan Gould and I embarked on a journey …

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AcquisitionsCaliforniaNewsSkilled Nursing

Ziegler Negotiates $35.6M Sale of Eskaton Skilled Nursing Portfolio in Metro Sacramento

by Jeff Shaw

SACRAMENTO, FAIR OAKS and CARMICHAEL, Calif. — Ziegler has acted as exclusive financial advisor to Eskaton Properties Inc. on the sale of a skilled nursing portfolio in the greater Sacramento area.  The 391-bed portfolio consists of Eskaton Care Center Fair Oaks, Eskaton Care Center Greenhaven and Eskaton Care Center Manzanita. The communities are in proximity to each other.  Fair Oaks was built in 1983 and has 148 beds on a three-acre lot in Fair Oaks. Greenhaven was built in 1978 and has 148 beds on a 4.92-acre lot in Sacramento. …

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Affordable HousingFinanceIndianaNews

Merchants Capital Provides $17.4M in Financing for Affordable Community in Fort Wayne, Indiana

by Jeff Shaw

FORT WAYNE, Ind. — Merchants Capital has provided $17.4 million in Low-Income Housing Tax Credit (LIHTC) equity financing for the construction of Reserve on Park Place, an affordable seniors housing community in Fort Wayne.  Brown Capital Group, Leo Brown Group and Rogers Development Group are developing the 187-unit property. Restricted to seniors age 55 and older, the three-story community will feature 15 studios, 136 one-bedroom units and 36 two-bedroom units for residents earning up to 80 percent of the area median income.  The units are designed to support senior and …

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AcquisitionsIllinoisMemory CareNews

OneLife Senior Living Acquires 70-Unit Memory Care Property in Suburban Chicago

by Jeff Shaw

VERNON HILLS, Ill. — OneLife Senior Living has acquired the former Springs of Vernon Hills Alzheimer’s Special Care Center in the Chicago suburb of Vernon Hills.  The firm has since rebranded the 70-unit property as The Laurel at Vernon Hills. OneLife retained all 59 staff members, and reviewed and updated benefits, wages and best practices for staffing. OneLife reduced temporary agency staff and increased permanent team members.  The Laurel at Vernon Hills provides memory care services for people with Alzheimer’s and other forms of dementia.

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Assisted LivingDevelopmentMinnesotaNews

Coventry Holdings of Minnesota Opens Suite Living Senior Care Community in White Bear Lake

by Jeff Shaw

WHITE BEAR LAKE, Minn. — Coventry Holdings of Minnesota has opened its 18th Suite Living Senior Care community, located in a northeastern suburb of Minneapolis. The floor plan for each Suite Living community is identical, offering a 21,500-square-foot, single story residence that provides 32 single-occupant care suites serving both assisted living and memory care needs.  All Suite Living Senior Care communities are owned by Coventry and professionally managed by Suite Living Senior Care Inc, a wholly owned division of Coventry. All Suite Living communities are located in highly visible suburban …

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Affordable HousingDevelopmentIllinoisNews

NHP Foundation Completes Renovation of 57-Unit Affordable Property in Chicago

by Jeff Shaw

CHICAGO — The NHP Foundation (NHPF) has completed a major renovation of the Edwin C. Berry Manor Apartments in Chicago. The Section 8 seniors housing property is located at 737 E. 69th St. The rehabilitation project was made possible by a financial partnership between HUD, Merchants Capital, Illinois Housing Development Authority, National Affordable Housing Trust and UnitedHealth Group.  The 57-unit community, built in 1991, marks the fourth property that NHPF has acquired or built in Chicago in the last five years and the first specifically for seniors. The units are …

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Assisted LivingDevelopmentNew JerseyNews

Chelsea Senior Living Opens 67-Unit Community in Fair Lawn, New Jersey

by Jeff Shaw

FAIR LAWN, N.J. — Chelsea Senior Living has opened The Chelsea at Fair Lawn, a seniors housing community in Fair Lawn, approximately 15 miles northwest of Manhattan. The property features 67 assisted living and memory care units. The three-story community is located directly across from Chelsea’s independent living community, which opened in March of this year and features 26 units. Trammell Crow Company (TCC), a global real estate developer, developed the property and IMC Construction served as the general contractor. In addition to the Fair Lawn locations, Chelsea is slated …

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