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Affordable HousingDevelopmentHawaiiNews

EAH Housing Breaks Ground on $58M Affordable Community in Hilo, Hawaii

by Jeff Shaw

HILO, Hawaii — EAH Housing has broken ground on Hale Nā Koa ‘O Hanakahi, an affordable seniors housing community for veterans in Hilo, located on the east coast of the “Big Island” of Hawaii. Development costs are estimated at $58 million. In partnership with Hawaii Island Veterans Memorial Inc. (HIVM), EAH Housing will develop the residential component of the master-planned complex that will also include a community-based outpatient clinic. The property will be built on 5.5 acres owned by the County of Hawaii. The 92-unit affordable living community will be …

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AcquisitionsIllinoisNews

Cushman & Wakefield Brokers $20M Sale of Historic River Glen of St. Charles in Metro Chicago

by Jeff Shaw

ST. CHARLES, Ill. — Cushman & Wakefield has arranged the sale of River Glen of St. Charles, located within the former Delnor Hospital in St. Charles, which was built in 1939. Located approximately 35 miles west of Chicago, the community features 106 units of independent living, assisted living and memory care. The original hospital building has been converted into a modern, well-amenitized campus. Bridge Investment Group sold the asset to Citrine Senior Communities, a joint venture between affiliates of Citrine Investment Group and Jaybird Capital, for $20 million. Jaybird Senior …

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NewsOperationsPeople

Watercrest Senior Living Group Hires Shelley Beville as Regional Director of Clinical Operations

by Jeff Shaw

VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based operator, has hired Shelley Beville to its executive leadership team as regional director of clinical operations (RDCO). Beville joins fellow RDCO Johnita Jackson, and the team will work to ensure Watercrest’s standards of care, operations and associate training are met by the clinical teams in all Watercrest senior living communities. Beville brings over 33 years of experience in healthcare, with the majority of time dedicated to the senior living industry. She most recently served as RDCO for a large …

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DevelopmentMassachusettsNews

LCS Nears Completion of The Delaney at The Vale in Woburn, Massachusetts

by Jeff Shaw

WOBURN, Mass. — Life Care Services (LCS) has announced a summer 2023 opening for The Delaney at The Vale, an independent living, assisted living and memory care community in the Boston suburb of Woburn. Boston-based architect DiMella Shaffer designed the community. The number of units and development costs were not disclosed. The Delaney is part of The Vale, the master-planned redevelopment of the former Kraft Atlantic Gelatin Facility, which closed in 2015. In addition to The Delaney, The Vale offers retail and office space, landscaped areas and walking paths, preservation …

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AcquisitionsConnecticutNewsSkilled Nursing

Blueprint Negotiates Sale of 180-Bed Skilled Nursing Facility in Wallingford, Connecticut

by Jeff Shaw

WALLINGFORD, Conn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a vacant, 180-bed skilled nursing facility in Wallingford, approximately midway between Hartford and New Haven. The buyer was a Florida-based developer with local ties to Wallingford. No further details were disclosed.

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DevelopmentMemory CareMissouriNews

Spellman Brady Completes Interior Design for Memory Care Expansion in Shrewsberry, Missouri

by Jeff Shaw

SHREWSBERRY, Mo. — Spellman Brady & Co. has completed the interior design for the addition to Our Mother of Perpetual Help Memory Care on the Cardinal Ritter Senior Service’s Shrewsberry campus. The single-story memory care addition has two wings consisting of 13 private units each. A small-home concept guided the overall design to create a residential home-like, non-institutional setting for residents. Spellman Brady collaborated with Vessel Architecture, which developed the building addition, and BSI Constructors, the general contractor for the project.

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DevelopmentNewsPeople

Perkins Eastman Hires Drew Roskos to Senior Living Team

by Jeff Shaw

CHICAGO — Design firm Perkins Eastman has hired Drew Roskos as an associate principal in its Chicago studio. With 19 years of experience, Roskos specializes in the design of senior living communities. He has received the American Institute of Architects Design for Aging Fellowship in 2021 and was named Design Champion by Environments for Aging in 2020. Roskos earned a bachelor’s degree in architecture from the New Jersey Institute of Technology and a master’s degree in gerontology from Concordia University Chicago.

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AcquisitionsAssisted LivingFloridaNews

Grandbridge Arranges Sale of Three Communities in Florida

by Jeff Shaw

BRADENTON, SANFORD and PINELLAS PARK, Fla. — Grandbridge Real Estate Capital’s seniors housing investment sales team has arranged the sale of three assisted living and memory care communities in Florida. A national REIT sold the communities in three separate transactions. The buyers were a national investor based in Florida and two owner-operators with a presence in the region. The prices were not disclosed. The properties include the 112-unit Bradenton Oaks in Bradenton, the 94-unit Renaissance Retirement Center in Sanford, 145-unit FL Bayside Terrace in Pinellas Park. The Renaissance was built …

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AcquisitionsIndependent LivingNewsOregon

Cushman & Wakefield Brokers $57.8M Sale of The Alexander Bend Independent Living Community in Bend, Oregon

by Jeff Shaw

BEND, Ore. — Cushman & Wakefield has arranged the sale of The Alexander Bend, a 136-unit independent living community in Bend. Opened in late 2019 and representing the city of Bend’s newest independent living offering in over 10 years, The Alexander Bend features 3.1 acres of adjacent land. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard represented the seller, BPM Real Estate Group, in the transaction. The buyer was Touchmark, which renamed the community Touchmark at Pilot Butte and will operate it alongside Touchmark …

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AcquisitionsAssisted LivingIowaNews

SVN Senior Housing Negotiates Sale of Assisted Living Portfolio in Iowa

by Jeff Shaw

OSAGE, CHARLES CITY and CLEAR LAKE, Iowa — SVN Senior Housing has arranged the sale of a three-property, 130-unit assisted living portfolio in Iowa. T The properties were located in the communities of Osage, Charles City and Clear Lake and were stabilized at the time of sale. A private investment group sold the assets to an Iowa-based investment group with properties in Iowa, Minnesota and Wisconsin. Jennifer Espeland and John Klement led the SVN team in the transaction.

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