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Affordable HousingCaliforniaDevelopmentNews

TCA Architects, Mercy Housing Complete Burbank Boulevard Senior Housing in Los Angeles

by Jeff Shaw

LOS ANGELES — California-based TCA Architects and Mercy Housing California have completed Burbank Boulevard Senior Housing, a permanent supportive housing development for seniors age 55 and older in Los Angeles’ Sherman Oaks neighborhood. Permanent supportive housing is a housing model that combines low-barrier affordable housing, healthcare and supportive services to help residents lead more stable lives, according to TCA Architects and Mercy Housing. Situated on three acres, Burbank Boulevard Senior Housing features 55 studio and one-bedroom units that accommodate single senior occupants. Each apartment features individual kitchens and bathing facilities. …

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Company NewsNews

Grow Your Occupancy Promotes Dani Merlino to COO

by Jeff Shaw

BRENTWOOD, Tenn. — Grow Your Occupancy, a Brentwood-based senior living services firm, has promoted Danielle Merlino to chief operating officer. Merlino served previously as vice president of strategic development. Merlino’s 20 years in the senior living industry spans operations, sales and marketing roles from community relations director to vice president of sales and operations. She has spent time at Jaybird Senior Living, Five Star Senior Living, Provision Living, Peterson Health Care and Lutheran Life Communities. Merlino will continue to be a visible member of the Grow Your Occupancy team at …

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ColoradoDevelopmentNews

Cogir, Ryan Cos. Complete 137-Unit ACOYA Cherry Creek in Denver

by Jeff Shaw

DENVER — Cogir Senior Living and Ryan Cos. US Inc. have opened ACOYA Cherry Creek, a 137-unit independent living and assisted living community in Denver. “The demand for seniors housing is far from peaking and this includes the Denver market,” says Julie Ferguson, executive vice president of senior living, Ryan Cos. The property is located in the Cherry Creek neighborhood near locally owned boutiques, restaurants, and art galleries, less than five miles from downtown Denver. Cogir Senior Living develops, owns and/or operates 60 lifestyle communities throughout the United States. The …

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Company NewsInvestmentNews

American Healthcare REIT Plans Initial Public Offering

by Jeff Shaw

IRVINE, Calif. — American Healthcare REIT Inc., a formerly private REIT focusing primarily on medical office buildings, seniors housing, skilled nursing facilities, hospitals and other healthcare-related facilities, has announced plans for its public offering of 56 million shares of its common stock. The initial public offering price is expected to be between $12 and $15 per share. The company’s common stock has been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol AHR. Irvine-based AHR intends to use the net proceeds …

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Brokers Sale of 157-Unit Community in Columbus, Ohio

by Jeff Shaw

COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in Columbus. The property faced challenges with occupancy and escalating staffing expenditures, which is why the owner sought a sale, according to Blueprint The community, which opened 2001, comprises 125 licensed skilled nursing beds and 32 seniors housing units. The buyer was an owner-operator with an established Ohio healthcare enterprise that sought to expand its footprint in the Columbus MSA and capitalize on the recent Ohio Medicaid reimbursement rate enhancements for both skilled …

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DevelopmentNewsPeople

United Group Promotes Clay Decker to Director of Acquisitions, Development

by Jeff Shaw

TROY, N.Y. — United Group has promoted Clay Decker to director of acquisitions and development at the Troy-based developer, owner and operator. Decker will be responsible for advancing the company’s interests in property acquisition, targeting opportunities to refurbish, reposition and improve underperforming assets. He will also pursue additional ground-up development projects in various markets. Decker graduated from SUNY Albany with a bachelor’s degree in economics in 2004. He was formerly United Group’s senior financial analyst. In that role, he was responsible for the underwriting of all United Group projects. Prior …

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CaliforniaCCRCDevelopmentNews

California Commercial Investment Group Plans 300-Unit Community in Woodland Hills, California

by Jeff Shaw

WOODLAND HILLS, Calif. — California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 million. The buyer plans to develop a luxury senior living community encompassing approximately 300 units on the site. Construction is scheduled to begin in 2026 with completion planned for 2028. The property is located in the Santa Monica Foothills, approximately 30 miles west of Los Angeles. It is just steps from the Calabasas farmers market and adjacent to the Motion Picture & …

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DevelopmentFloridaNews

Belmont Village Breaks Ground on 153-Unit Community in Aventura, Florida

by Jeff Shaw

AVENTURA, Fla. — Belmont Village Senior Living has broken ground on Belmont Village Aventura in Aventura, a coastal city approximately 15 miles north of Miami.  The luxury project is being built in partnership with Turnberry, a developer of design-driven, amenity-rich residential, hospitality and mixed-use projects. It will be Belmont’s third location in South Florida and is scheduled to open in early 2026. This venture is Turnberry’s first collaboration with Belmont Village Senior Living. Spanning almost 180,000 square feet, Belmont Village Aventura will rise 11 stories. It will feature 153 independent …

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Affordable HousingFinanceIllinoisKentuckyNews

Cambridge Realty Capital Provides $52.2M in HUD Financing for Portfolio in Kentucky, Illinois

by Jeff Shaw

CHICAGO HEIGHTS, Ill., and FLORENCE, Ky. — Cambridge Realty Capital has provided $52.2 million in HUD financing for three affordable seniors housing communities in Kentucky and Illinois. The Kentucky transaction consisted of two facilities totaling 214 rental units located in Florence. The Chicago Heights community features 320 units. Cambridges’ early rate lock program was utilized, which allowed the owner to avoid the run-up in interest rates at a fixed cost and secure the underwritten loan amounts, without reduction caused by changing market conditions. The borrowers are based in Illinois are …

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AcquisitionsLouisianaNewsSkilled Nursing

Blueprint Arranges Sale of Two Skilled Nursing Facilities in Louisiana

by Jeff Shaw

CENTER POINT and JONESVILLE, La. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 244 licensed beds in Center Point and Jonesville. The properties are located approximately 40 miles away from each other and approximately midway between New Orleans and Shreveport in the central part of the state. The seller was CommCare. Omega Healthcare REIT alongside its operator, Venza Care, acquired the assets for an undisclosed price. Brooks Blackmon and Lauren Nagle led the Blueprint team.

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