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AcquisitionsAssisted LivingNewsOhio

Blueprint Negotiates Sale of 52-Unit Antwerp Manor in Ohio

by Jeff Shaw

ANTWERP, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Antwerp Manor, a 52-unit assisted living community in Antwerp, just across the state border from Fort Wayne, Indiana. Built in 1920, the community was originally constructed as an elementary school and redeveloped into seniors housing in 2007. The company that led the redevelopment took operational control of the community in 2018 after the previous operator declined its lease renewal. The buyer, an Ohio-based owner-operator, plans to take advantage of the proposed rent increase to the Ohio Assisted …

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AcquisitionsAssisted LivingNewsWashington

SLIB Brokers Sale of 52-Unit Maple Glen in Shelton, Washington

by Jeff Shaw

SHELTON, Wash. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Maple Glen, a 54-unit assisted living community in Shelton, approximately 55 miles southwest of Seattle. The facility was built in 2000. The property totals 50,555 square feet, and is situated on approximately 3.7 acres of land. The buyer is a Pacific Northwest owner-operator and plans to spend money on capital improvements and increase the number of licensed beds. Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson of Senior Living Investment Brokerage handled the transaction. The seller …

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Company NewsNewsTechnology

Enquire, Glennis Solutions, Sherpa CRM rebrand as Aline

by Jeff Shaw

LOUISVILLE, Ky. — Enquire, Glennis Solutions and Sherpa CRM, senior living software providers based in Louisville, have renamed the combined company as Aline, officially unifying the merger announced in October 2022 under a single brand. Aline now represents more than 5,700 senior living communities in the United States, Canada and United Kingdom. The company also launched www.alineops.com, a new website that will consolidate its web properties by fall of this year.

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Affordable HousingDevelopmentFloridaNews

HTG, AM Affordable Housing Complete 72-Unit Shoreline Villas in Fort Walton Beach, Florida

by Jeff Shaw

FORT WALTON BEACH, Fla. — Housing Trust Group (HTG) and AM Affordable Housing have completed construction of Shoreline Villas, a 72-unit affordable housing community catering to seniors age 62 and older in Fort Walton Beach, a small city in the Florida Panhandle. Apartments at Shoreline Villas are reserved for age- and income-qualifying residents who earn at or below 33 and 60 percent of the area median income (AMI), with rents ranging from $587 to $1,300 per month. The three-story garden-style community features a 3,155-square-foot clubhouse. Residents also have access to …

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Assisted LivingCaliforniaDevelopmentNews

Clearwater Living Prepares to Open 101-Unit Community in Newport Beach, California

by Jeff Shaw

NEWPORT BEACH, Calif. — Clearwater Living has opened an information center at Clearwater Newport Beach, a 101-unit luxury assisted living and memory care community in Newport Beach, a coastal city south of Los Angeles. Clearwater expects to welcome new residents in early 2024. Clearwater Newport Beach will offer 70 assisted living and 31 memory care apartments in a variety of finishes and floor plans including studio, one- and two-bedroom options. Clearwater Newport Beach will be the company’s eleventh community in California, Nevada and Arizona, with additional developments in the pipeline.

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FeaturesNewsTechnology

Webinar Panelists: Occupancy Growth Flattens Out Amid Dicey Economy, Higher Acuity

by Jeff Shaw

While overall private-pay seniors housing occupancy has now increased for seven straight quarters, according to the National Investment Center for Seniors Housing & Care (NIC), many operators are starting to see that growth slow to a crawl — still well short of pre-pandemic norms. According to Kelley Skarp of Arbor Company, this is due to a variety of factors, but most notably the general economic challenges of high interest rates and inflation. “In the current economic environment, people are looking at their wallets a little more closely,” said Skarp. “While …

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Affordable HousingFinanceIllinoisNews

Greystone Provides $13.7M HUD-Insured Refinancing for Supportive Living Facility in Crestwood, Illinois

by Jeff Shaw

CRESTWOOD, Ill. — Greystone has provided a $13.7 million HUD-insured loan for the refinancing of The Pointe at Kilpatrick in Crestwood, about 24 miles southwest of Chicago. Built in 2003, the 122-bed supportive living facility features amenities such as a community room, living room, therapy room, barber shop, courtyard, children’s play area, private dining room and resident laundry rooms. Eric Rosenstock of Greystone originated the financing on behalf of the undisclosed borrower. The fixed-rate loan features a 35-year term.

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Assisted LivingFinanceNewsWashington

CBRE Arranges $23.3M Refinancing for Queen Anne Manor in Seattle

by Jeff Shaw

SEATTLE — CBRE National Senior Housing has arranged a $23.3 million refinancing for Queen Anne Manor, a 93-unit assisted living and memory care community in Seattle. Aron Will, Adam Mincberg and Michael Cregan of CBRE National Senior Housing arranged the 10-year bridge loan with three years of interest-only payments through a national bank. The borrower is Capitol Seniors Housing. Originally built in 1908 as Seattle’s Children’s Orthopedic Hospital, the community was converted to seniors housing in 1982. Extensively renovated in 2015, the community is located two miles from downtown Seattle …

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Company NewsNewsPeople

Healthpeak Properties Appoints Kathy Sandstrom as Board Chair

by Jeff Shaw

DENVER — Healthpeak Properties Inc. (NYSE: PEAK) has appointed Kathy Sandstrom as independent chair of the board of directors. Sandstrom succeeds Brian Cartwright, who will continue to serve on the board as an independent director. “Regular rotation of board leadership promotes effective corporate governance and introduces fresh perspectives and energy to board processes,” says Cartwright. “After five years as chair, the time is right for that rotation.” The board comprises eight members with an average tenure of approximately seven years. Sandstrom has over 20 years of real estate finance and …

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CaliforniaCCRCDevelopmentNews

Spieker Senior Development Partners Breaks Ground on 486-Unit Wisteria at Warner Center CCRC in Woodland Hills, California

by Jeff Shaw

WOODLAND HILLS, Calif. — Spieker Senior Development Partners has broken ground on Wisteria at Warner Center, a continuing care retirement community (CCRC) in Woodland Hills, approximately 25 miles northwest of Los Angeles. The senior living community will rise six stories on 17 acres and offer 486 units. Residential options range from one-bedroom options to penthouses of close to 3,000 square feet. Wisteria at Warner Center will offer a full continuum of care at the health center located adjacent to the community. Residents will have access to assisted living, memory care …

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