CATONSVILLE, Md.— Erickson Senior Living has named Don Grove as the new executive director at Charlestown, a continuing care retirement community in the Baltimore suburb of Catonsville. Grove joined the Charlestown team in 2007 as director of sales and marketing, a position he held for 14 years. In 2021, Grove transitioned to the role of associate executive director and most recently took on the role of interim executive director. Prior to joining Charlestown, Grove worked with the Baltimore Orioles as senior director of sales and ticketing. He holds a bachelor’s …
WILDOMAR, Calif. — The Mogharebi Group (TMG) has arranged the sale of Wildomar Senior, a 284-unit seniors housing community in Wildomar, a city in Southern California’s Inland Empire. TMG represented the seller, Craig Thralls, who developed the property in 2000. The buyer was a Los Angeles-based private investment group. The fully occupied property features 176 independent living apartments and 108 assisted living units.
BRADENTON Fla. — Lincoln Avenue Capital (LAC) has broken ground on the 301 Flats and The Savoy at 301 in Bradenton, south of Tampa. Upon completion in 2025, the 301 Flats and The Savoy at 301 will provide 324 units of affordable housing for families and individuals along 248 units of seniors housing, respectively.
KENANSVILLE, N.C. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Kenansville Health and Rehab, a skilled nursing facility in Kenansville. The 92-bed skilled nursing facility is located 75 miles southeast of Raleigh and was built in 1975 adjacent to ECU Health Duplin Hospital. With no direct local competition, the facility consistently maintained stable census and quality mix levels. The seller was an ownership group led by a Georgia-based entrepreneur. The operator had recently announced its plan to exit the industry. The buyer was an investor seeking growth …
NEW YORK CITY — Newmark Group Inc. (NASDAQ: NMRK), a full-service commercial real estate business, has named Chad Lavender as president of capital markets for the company’s operating businesses in North America. Lavender will serve on the company’s executive committee, the corporate management steering committee, and reports to Newmark’s newly formalized Capital Markets Executive Committee. Lavender is responsible for driving the overarching strategy and revenue growth of the capital markets business for every asset type, including multifamily, office, industrial, retail and alternative investment classes. He will advise on recruiting and …
CHICAGO — Woodlawn Central LLC is moving forward with the development of Woodlawn Central, an $895 million mixed-use project spanning eight acres in Chicago’s Woodlawn neighborhood. The development team recently hired Transwestern Real Estate Services as its commercial real estate services provider. Woodlawn Central is poised to transform the area into a walkable, transit-oriented district with easy access to civic amenities such as the Obama Presidential Center, Jackson Park, the Museum of Science and Industry and the University of Chicago. Woodlawn’s Apostolic Church of God conceived and planned the project. …
HANOVER, N.H.; WINDHAM, N.H.; WOODSTOCK, Vt.; and WHITE RIVER JUNCTION, Vt. — Walker & Dunlop has provided a $46 million HUD 232/223(f) refinancing for four Terrace-branded seniors housing communities in New England. Walker & Dunlop’s Frank Cassidy led the team in refinancing a bridge loan that the Walker & Dunlop team previously arranged in December 2020 to facilitate a partner buyout and re-leverage the portfolio. The bridge loan was structured as eligible debt in anticipation of the HUD takeout. The portfolio refinancing comprised: Wheelock Terrace, a 70-unit assisted living facility …
SHORT PUMP, Va. — Erickson Senior Living has planned two new independent living buildings at Avery Point, a continuing care retirement community in Short Pump. Stafford Glen opened in February, and Langham Terrace will follow this summer. Stafford Glen and Langham Terrace feature 203 luxury one- and two-bedroom apartments. Additionally, two more buildings will open in 2024 — Boynton Place and Wilton Crossing — with reservations currently open. Avery Point, situated on a beautiful 94-acre campus, opened in October 2022. Upon full build-out, the community will feature 1,200 independent living …
DENVER — Healthpeak Properties Inc. (NYSE: PEAK) has named James Connor as an independent director to its board of directors. The appointment expands the board to eight directors, with an average director tenure of approximately seven years. Connor has extensive real estate experience, having most recently served as chairman and CEO of Duke Realty Corp. until its acquisition by Prologis in October 2022. He held a variety of leadership positions at Duke Realty for over 20 years. Before joining Duke Realty, Connor held executive and brokerage positions with Cushman & …
NAPERVILLE, Ill. — Charter Senior Living, a Naperville-based owner-operator, has promoted Jayne Sallerson from chief operating officer (COO) to president/COO. Founder Keven Bennema will continue in his role as CEO. Sallerson has been with the company for five of its seven years in existence. She previously worked at Benchmark Senior Living and Emeritus Senior Living, among other notable seniors housing organizations. Along with appointing Sallerson as president, Charter has added two new leadership positions to the company. Cathy Hampton was promoted to vice president of operations and Leslie Eldridge was …