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Assisted LivingFinanceNewsOregon

Dwight Capital Provides $35.7M HUD Loan for Boone Ridge Senior Living in Salem, Oregon

by Jeff Shaw

SALEM, Ore. — Dwight Capital has provided a $35.7 million HUD 232/223(f) refinancing for Boone Ridge Senior Living. The 151-bed assisted living facility and memory care complex is located in Salem, approximately 50 miles southwest of Portland. Boone Ridge offers 103 assisted living beds and 48 memory care beds across 5.7 acres. The community opened in 2019. This historic loan is the FHA’s first firm commitment issued under its Section 232 Residential Care Facility Green Mortgage Insurance Premium Reduction Program. Eligible properties for this program must meet industry-recognized green building …

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Affordable HousingFinanceMississippiNewsNorth CarolinaTexasVirginia

BWE Arranges Over $65M in Financing to Renovate, Preserve Affordable Communities Across the South

by Jeff Shaw

ASHEVILLE, N.C.; STARKVILLE, Miss.; CHESAPEAKE, Va.; and HOUSTON and BUDA, Texas — BWE has closed five loan deals totaling over $65 million to refinance and renovate affordable housing properties in North Carolina, Virginia, Mississippi and Texas. Jon Killough and John Roberts originated the loans on behalf of multiple borrowers. The loans include:

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Company NewsNewsPeople

12 Oaks Senior Living Hires Melissa Labor as Chief People Officer

by Jeff Shaw

DALLAS — 12 Oaks Senior Living, a Dallas-based regional senior living management company, has hired Melissa Labor as chief people officer. With over 25 years of experience, Labor has a background in commercial real estate, manufacturing and retail. In her previous roles as a head of talent at Amherst Holdings and CHRO at Granite Properties, Labor was a strategic partner. She is also founder and chief thought leader of Bespoke – People and Culture Strategies, a consulting and coaching practice. Labor is a certified Senior Professional of Human Resources (SPHR) …

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CaliforniaNewsPeople

Kisco Appoints Joseph Villanueva as Executive Director of The Kensington at Walnut Creek in California

by Jeff Shaw

WALNUT CREEK, Calif. — Kisco Senior Living has named Joseph Villanueva as executive director at The Kensington at Walnut Creek.  Villanueva brings more than 15 years of senior living experience to the community. He started as a licensed vocational nurse at a retirement community and has held a variety of positions within the industry including associate executive director, and previously served as executive director of another community in California.

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Affordable HousingDevelopmentNew JerseyNews

Walters Completes 150-Unit Cornerstone at Branchburg Affordable Community in New Jersey

by Jeff Shaw

BRANCHBURG, N.J. — Walters has opened Cornerstone at Branchburg, a LEED-certified community featuring 150 premium age- and income-restricted housing units in Branchburg, approximately 35 miles west of Staten Island.  Situated on nearly 12 acres in Somerset County, the two-building development offers one- and two-bedroom apartments ranging from approximately 700 to 900 square feet.  Cornerstone at Branchburg apartments are available to residents whose incomes are at or below 60 percent of the area’s median income. Rental rates are based on the renter’s gross annual income, according to the rent/income requirements chart.

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AcquisitionsNewsTexas

Blueprint Negotiates Sale of Two Communities in Texas for Behavioral Health Conversion

by Jeff Shaw

SAN ANTONIO and DALLAS — Blueprint Healthcare Real Estate Advisors has brokered the sale of two seniors housing communities in the San Antonio and Dallas markets. The two buyers both plan to convert the two properties into inpatient detox and residential substance abuse behavioral healthcare centers. The Blueprint team on the deal included Andrew Sfreddo, Shane Harmon, Gunnar Raney, Amy Sitzman and Giancarlo Riso. The buyers, seller and price were not disclosed.

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KansasMemory CareNewsPeople

Anthem Memory Care Appoints Sara Miller as Executive Director of Chisholm Place in Wichita

by Jeff Shaw

WICHITA, Kan. — Anthem Memory Care has named Sara Miller as executive director for Chisholm Place in Wichita. She will oversee all daily care, programming and operations. Miller previously was residence director and assistant residence director with Legend Senior Living. She brings over 16 years of healthcare experience to this position.  Miller earned a bachelor’s degree in health services management and community development with a minor in aging studies from Wichita State University.

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DevelopmentIllinoisNews

LCS Opens 258-Unit Clarendale Six Corners High-Rise in Northwest Chicago

by Jeff Shaw

CHICAGO — Life Care Services has opened the doors on Clarendale Six Corners, a 258-unit seniors housing community in the Portage Park neighborhood of northwest Chicago. Rising 10 stories at the intersection of Milwaukee Avenue and Irving Park Road, the community features 114 independent living apartments with one, two and three-bedroom layouts, 98 assisted living units and 46 memory care apartments.

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CaliforniaFinanceNewsSkilled Nursing

Forbright Bank, HJ Sims Provide Acquisition Financing for Two California Skilled Nursing Facilities

by Jeff Shaw

CALIFORNIA — Forbright Bank and HJ Sims have partnered to finance the acquisition of two skilled nursing facilities in California. The skilled nursing facilities feature approximately 150 beds. The borrower plans to invest in the physical plants of both facilities.  The financing partners described the buyer as “a top-tier skilled nursing operator.” Further details on the properties, buyer and seller were not disclosed. Forbright and HJ Sims closed a unique unitranche loan product to provide financing for the acquisition. This loan product acts as a single debt obligation with one …

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FinanceNewsPeople

Health Dimensions Group Adds Three to Financial Leadership Team

by Jeff Shaw

MINNEAPOLIS — Health Dimensions Group (HDG), a Minneapolis-based senior living, post-acute and long-term care management and consulting organization, has added three members to its financial leadership team. Melissa Zygarlicke joined HDG as senior director of finance to oversee all aspects of financial reporting and accounting for communities within HDG’s management portfolio. A certified public accountant and experienced chief financial officer, her areas of expertise include financial statement analysis, risk and compliance management, and financial reporting. Carmen Broska was promoted to senior director of revenue services. In her role, Broska manages …

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