FORT WAYNE, Ind. — Blueprint Healthcare Real Estate Advisors has arranged the sale of an assisted living and memory care community in Fort Wayne. Developed in 1996, this Northern Indiana assisted living and memory care community is located in close proximity to downtown Fort Wayne and offers large amenity spaces, private baths and outdoor programming areas. An institutional investor sold the asset to a behavioral healthcare provider with plans to convert the community. The price was not disclosed. The Blueprint team included Andrew Sfreddo, Shane Harmon, Gunnar Raney, Amy Sitzman …
WESTPORT, Conn. —LCB Senior Living, a Westport-based operator, has hired Gina Lucchese to its sales team in Fairfield County, Connecticut. Lucchese will serve as a sales specialist, where she will assist with sales across LCB Senior Living’s three communities in Fairfield County: The Residence at Summer Street in Stamford, The Residence at Selleck’s Woods in Darien, and The Residence at Westport. Previously, Lucchese served as a senior advisor with Epoch Senior Living and director of community relations at Benchmark Senior Living. She is also a licensed practical nurse with nearly …
BROCKTON, Mass. — MassHousing has provided $12.9 million in financing, which will extend affordability and fund improvements at the 106-unit Bixby Brockton Apartments in the Boston suburb of Brockton. Affordable Housing and Services Collaborative Inc. (AHSC), which owns Bixby Brockton, refinanced the property through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint Venture program with partner lender Rockport Mortgage Corp. Of the 106 apartments, 104 are subsidized by two federal Section 8 Housing Assistance Payment contracts. As part of the transaction, AHSC has executed two new 20-year HAP contracts, which will …
WILMINGTON and NEWARK, Del. — Life Care Services (LCS) has completed renovations at Foulk Living and Shipley Living in Wilmington and Millcroft Living in Newark. In late 2021, LCS took over management of the senior living communities. In the early months, the communities rebranded and refocused on hospitality, community life opportunities and resident satisfaction. More recently, Foulk Living, Shipley Living, and Millcroft Living have undergone extensive physical renovations to provide each community with an updated, fresh, welcoming look. Renovations at Foulk Living included renovations to the lobby, corridors, sunlit “four …
WEST DES MOINES, Iowa — Resort Lifestyle Communities has opened Glen Meadows, an independent living community in Wes Des Moines. Glen Meadows offers 128 apartments for rent in studio, one-, two and three-bedroom options.
HUNT VALLEY, Md. — Omega Healthcare Investors (NYSE: OHI), a Hunt Valley-based REIT, has entered into a new two-year, $400 million senior unsecured term loan. The loan matures on Aug. 8, 2025, with two options by the company to extend the maturity by 12 additional months for each option, subject to certain conditions. The loan includes an “accordion feature” that permits the company to expand its borrowing capacity to an aggregate of up to $500 million. A syndication of 14 financial institutions is providing the capital. BofA Securities Inc. is …
ALLENDALE, N.J. — Marquis Health Consulting Services has started a renovation project at Allendale Senior Living, an assisted living and healthcare campus in the North Jersey borough of Allendale. The project follows a rebranding at Allendale Senior Living – formerly The Allendale Community for Mature Living. Located on 12 acres in a quiet, suburban Bergen County neighborhood, the campus spans 146,000 square feet. The number of units was not disclosed. While a development cost was not released, Marquis describes it as a multi-million-dollar project. Marquis has partnered with the community’s …
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.
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 …
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 …