LAKEWOOD, Colo. — Vivage Senior Living and Beecan Health Colorado have merged, bringing together an integrated network of care. The two companies combined operate 42 skilled nursing facilities totaling 3,600 licensed beds in the state of Colorado. In addition to providing a large variety of placement options, Vivage-Beecan is also dedicated to enhancing specialty program development. This unified network of skilled nursing facilities allows residents and family members greater access to healthcare solutions in every corner of the state of Colorado, according to the company.
BOSTON — The Architectural Team (TAT) and Beacon Communities LLC have opened Phase III of The Anne M. Lynch Homes at Old Colony, an affordable seniors housing community in South Boston. The new building feature 55 units and was built using Passive House sustainability standards. the project recently won a design excellence award in the low-rise multifamily category from the Passive House Institute U.S. chapter. “The Passive House approach is a game-changer for affordable and workforce housing projects, which can significantly benefit from the standard’s lower ongoing operating costs, healthier …
TOLEDO, Ohio and ROANOKE, Va. — Welltower Inc (NYSE: WELL) and Retirement Unlimited Inc. (RUI) have formed a partnership under which RUI will operate luxury seniors housing communities under a newly launched Elancé brand. Welltower, a Toledo-based REIT, installed Roanoke-based RUI as the operator of Fountains at Washington House in Alexandria, Virginia in November. Following the change, the property was renamed Elancé at Alexandria and became the first community under the new banner. The two companies have planned a “significant expansion in the programmatic relationship between Welltower and RUI” in …
SOUTH BEND, Ind. — Strawberry Fields REIT, a South Bend-based owner of skilled nursing facilities, assisted living facilities and long-term acute care hospitals throughout the Midwest and South, will officially begin trading on the New York Stock Exchange American on Wednesday, Feb. 22. The stock exchange, formerly known as the American Stock Exchange, is known for representing small-cap companies that are not yet big enough to list on the New York Stock Exchange, according the U.S. News & World Report. The company announced in April of last year that it …
CARLSBAD, Calif. — Integral Senior Living has named Jennifer Lester and Kelly Ainsworth as senior executive directors of their respective communities. Lester is the executive director of Sage Spring Senior Living, which opened in December 2020. Ainsworth currently serves as the executive director for Parkview on Hollybrook. Carlsbad-based Integral more than 100 senior living communities offering independent living, assisted living and memory care in 25 states.
LOS ANGELES — The advice offered by the Development Outlook panel at InterFace Conference Group’s Seniors Housing West, held Feb. 2 at the Omni Los Angeles, mirrors the advice many would give to their senior residents. Namely, “stay active and stay creative.” But these verbs take on a slightly different meaning when you’re talking about the smartest plays for seniors housing developers in a time when everything is changing. “The smarter operators and developers have been developing a pipeline,” said panelist Paul Mullin, principal at Flatiron Development Group. “The key is momentum. …
AGOURA HILLS, LODI and SAN JOSE, Calif. — Bellwether Enterprise Real Estate Capital LLC (BWE), has arranged the financing for Harrison Street’s acquisition of three Class A seniors housing communities in California. Oakmont Management Group operates all three communities: Oakmont of Agoura Hills in Agoura Hills, Oakmont of Lodi in Lodi and Oakmont of Silver Creek in San Jose. The luxury properties offer assisted living and memory care services. Ryan Stoll, BWE’s national director of seniors housing and care, and Taylor Mokris, senior vice president for seniors housing and care, …
SAN ANTONIO — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Inn at Los Patios, a 166-unit independent living and assisted living community in San Antonio. Blueprint represented a court-appointed receiver to maximize proceeds for the trustee group and stakeholders involved. Though the community was 80 percent occupied and generating approximately $1 million of cashflow, Blueprint sold the upside of increasing occupancy by elevating the competitive profile and implementing minor expense efficiencies through regional operations. A New York-based private equity group acquired the property for $21 million …
ILLINOIS — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 76-bed skilled nursing facility located approximately 80 miles west of Springfield, Illinois. The seller was a regional owner-operator looking to divest this asset from its portfolio to focus on core assets. The buyer was a regional owner and operator based on the East Coast looking to expand its presence in Illinois. The price and further details on the property were not disclosed.
CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based operator, has grown its sales and marketing team with the addition of two new hires and five promotions. The company promoted April Theus to senior sales specialist, Paul Adam to sales specialist, Stephanie Johnston to sales onboarding specialist, Kimberly Wilkerson to internet sales counselor and Taylor Davis to director of marketing and digital strategies. The company also welcomed Brian Weston as sales specialist in Michigan and Jennifer Walker as sales and marketing project associate.