BLOOMFIELD, N.J. — Juniper Communities, a Bloomfield-based owner-operator, has appointed Kristin Fogle as national director of people. Fogle has spent the majority of her career in healthcare and senior living. Previously, she was chief people officer for Milestone Retirement Communities and Elegance Living. In her new role, Fogle will be involved with leadership and workforce development, associate relations and change management.
LOS ANGELES — Seniors housing has been an ever-changing industry since the COVID-19 pandemic began in 2020. “I look back a few years ago and we were seeing curveballs coming at us I never thought we would be pitched,” said David Eskenazy, CEO, Cogir Management USA. “Now the smoke is clearing a little bit and we can look inside the organizations and see how we can run our businesses in this new environment. I think we’re going to get used to what this new environment is going to look like.” …
GLENDORA, Calif. — Clearwater Living has opened Clearwater at Glendora, a 117-unit assisted living and memory care community in Glendora. The property is a two-story, 117,000-square-foot property offering 88 assisted living and 29 memory support apartments with studio, companion, one- and two-bedroom layouts. It is the only assisted living and memory care community in Glendora, according to the developer. Clearwater at Glendora is the company’s 10th seniors housing community in California, Arizona and Nevada, with plans for additional developments in the pipeline.
NEW YORK CITY — Berkadia, a New York City-based financial services firm, has added three managing directors to its seniors housing and healthcare team: Austin Sacco, Cody Tremper and Mike Garbers. Garbers has over 20 years of experience in the seniors housing industry and has been involved in developing, acquiring and selling over $8 billion in seniors housing properties throughout the United States and Canada. He specializes in brokering seniors housing, age-restricted and long-term care properties. He joins Berkadia from JLL, where he served as a managing director. Tremper also …
SAN RAMON, Calif. — Belmont Village Senior Living, in partnership with Sunset Development, has broken ground on Belmont Village San Ramon. Located within the Bishop Ranch neighborhood of San Ramon, the 175,320-square-foot community will feature a heated saltwater pool, putting green, farm-to-table gardening areas, al fresco dining, outdoor yoga lawn and group fitness space, and a dog park. Slated for completion by fall 2024, Belmont Village San Ramon will feature 177 studio, one- and two-bedroom residences for independent living, assisted living and memory care needs. Aron Will, Tim Root and …
CHICAGO and SAN JOSE — Bellwether Enterprise Real Estate Capital LLC (BWE) has arranged two separate transactions totaling over $47 million to refinance two assisted living and memory care communities. The first is a $28.8 million loan to refinance an assisted living and memory care community in the Chicago metropolitan area on behalf of affiliates of a senior housing-focused private equity firm. The second is an $18.6 million loan to refinance an assisted living and memory care community in San Jose on behalf of affiliates of Westmont Living. Ryan Stoll …
BILLINGS, Mont. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 32-unit assisted living facility in Billings. The community was built in 2015, spanning approximately 16,044 square feet on 1.4 acres of land. The seller was a local owner exiting the senior living market. The buyer is a nonprofit located in Montana. The price was not disclosed. Jason Punzel, Vince Viverito and Brad Goodsell of SLIB handled the transaction.
SAN DIEGO — Ware Malcomb, an international design firm that works in seniors housing, has promoted Joshua Thompson to director, interior architecture and design in the firm’s downtown San Diego office. Thompson is responsible for the leadership of the office and continued growth of the studio. Thompson brings more than 21 years of experience in the industry. He has been with Ware Malcomb for nine years, starting his career in the firm’s Phoenix office and transitioning to San Diego in 2019. Thompson graduated summa cum laude with a bachelor’s degree …
ROCKFORD, Ill. — Affordable Housing Investment Brokerage Inc. (AHIB) has arranged the sale of Valkommen Plaza, a 171-unit affordable seniors housing community in Rockford, approximately 90 miles northwest of Chicago and southwest of Milwaukee. A private investor sold the asset to Envolve Communities for $21.1 million. AHIB’s Kyle Shoemaker represented both both parties in the transaction. Valkommen Plaza is a nine-story, elevator-serviced building with commercial spaces on the first floor, providing amenities such as a beauty salon, police sub-station and grocery for the local community. In addition to the commercial …
GENEVA, Ill. — Lifespace Communities has acquired GreenFields of Geneva, a nonprofit, 257-unit continuing care retirement community (CCRC) in Geneva, approximately 40 miles west of downtown Chicago. Friendship Senior Options (FSO) sold the property for an undisclosed price. FSO will continue to provide management services through June, at which time the community will fully transition onto Lifespace management, systems and support. The sale brings Lifespace’s total portfolio to 18 communities, including three in metro Chicago. Located on 26 acres bordering two championship golf courses, GreenFields includes walking paths, a fishing …
