NEW BALTIMORE, Mich. — Commonwealth Senior Living has completed a $6.5 million expansion of its community in New Baltimore, located near Anchor Bay approximately 30 miles northeast of Detroit. The renovations to Commonwealth Senior Living at New Baltimore included a two-story addition, enlarged common areas and a capacity for 23 additional residents in memory care and 45 in assisted living.
NEWARK, Del. — Life Care Services has named Kristopher Brown as executive director of Millcroft Living, a seniors housing community in Newark, located between Philadelphia and Baltimore. Brown 20 years of experience, starting as a caregiver. He earned a degree in health sciences with a minor in physics and then became a certified-dementia practitioner.
SHALIMAR, Fla. — Victory Village is slated to receive $2 million from Florida’s Framework for Freedom Budget for fiscal year 2023-24. The funding will be used to purchase 80 acres of land from the U.S. Air Force, which will be used to develop a military senior living community with resources and services for wounded warriors and their caregivers. Victory Village will be located adjacent to Air Force Enlisted Village (AFEV). Plans for the community include multiple neighborhoods for 800 people to reside, a community center, a multi-denominational chapel, a fitness …
PITTSBURGH — Tryko Partners has broken ground on Cedarwood Homes, an affordable seniors housing community in Pittsburgh’s West End neighborhood. In 2020, the Pittsburgh Urban Redevelopment Authority (URA) named Tryko to lead a redevelopment at the former Fairywood School site. Key financing agencies have contributed to the project’s viability. This includes 9 percent Low-Income Housing Tax Credits (LIHTC) awarded by the Pennsylvania Housing Finance Agency; and approximately $2.1 million in gap financing funding, along with 24 project-based Section 8 vouchers from Housing Authority City of Pittsburgh (HACP). The community will …
SKOKIE, Ill. — Presbyterian Homes, a Skokie-based operator, has named Shannon Gutierrez as chief operating officer. Gutierrez will provide operational oversight, including team building, development and technology implementation for the three CCRCs (Lake Forest Place, The Moorings of Arlington Heights and Westminster Place) and rental community (Ten Twenty Grove) Presbyterian Homes manages. Gutierrez brings more than 25 years of hands-on experience in the senior living industry and most recently served as national vice president of operations for Anthem Memory Care. She holds a bachelor’s degree in social work from the …
WEST SACRAMENTO, Calif. — Avanath Capital Management LLC has acquired Rivers Senior, a 120-unit affordable seniors housing community in West Sacramento, for $19 million. Constructed in 2008, Rivers Senior was built utilizing the California Tax Credit Allocation Committee’s Low-Income Housing Tax Credits (LIHTCs) along with bond financing via multiple agencies. Additionally, the asset benefits from the State of California’s Welfare Tax Exemption. The community features 96 one-bedroom and 24 two-bedroom units, 60 of which are reserved for residents earning up to 50 percent of area median income (AMI) and 59 …
SAN ANTONIO — Evans Senior Investments (ESI) has brokered the sale of Sodalis at Stone Oak, an assisted living and memory care community in San Antonio. The Class A property was constructed in 2017, featuring 42 assisted living and 21 memory care units. The community was 95 percent occupied and 100 percent private pay at the time of marketing. In January 2022, the operator implemented a 4 percent rate increase for all current residents and successfully implemented another lease renewal increase of 6 percent in January 2023. The buyer was …
GLENDALE, THOUSAND OAKS and FRESNO, California — Agemark Senior Living has taken over management at three seniors housing communities in California: Sage Glendale in Glendale, Sage Mountain in Thousand Oaks and Kingston Bay in Fresno. Ownership of these three communities is a joint venture between Mountain Capital Partners, Dekel Capital and Willis Development. Sophos Equities was the consulting asset manager for the transition. Agemark now having operates 29 communities. Agemark’s brands include Astoria, CountryHouse, Kensington-Evergreen, Holland Farms, Serra Sol, Symphony Pointe and TreVista.
WILMINGTON and NEWARK, Del. — Life Care Services has promoted Janet Belles from director of nursing to clinical specialist. In this role, she will provide clinical support for the healthcare centers at Foulk Living in Wlimington, Shipley Living in Wilmington and Millcroft Living in Newark.
SAN CLEMENTE, Calif. — Harbert South Bay Partners has broken ground on The Seville, an assisted living and memory care community in San Clemente, a coastal city approximately 60 miles southeast of Los Angeles. The property will feature 63 assisted living and 24 memory care units. Completion is scheduled for summer 2024. Project partners include Momentum Senior Living as operator, Banvard & Soderbergh as architect, Rodrigo Vargas Design as interior designer and W.E. O’Neil as general contractor.