News

AcquisitionsAssisted LivingNewsSouth Carolina

Blueprint Brokers Sale of 77-Unit Community in South Carolina

by Jeff Shaw

SOUTH CAROLINA — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 77-unit assisted living and memory care community in South Carolina. The property was originally constructed in the late 1990s. While historically a stable performer, the community has recently struggled due to a combination of the effects of the pandemic and census losses driven by competition, according to Blueprint. The buyer is a company growing its seniors housing platform in the state. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

Integral Promotes Heather Haley, Tina Schachter to Vice President Roles

by Jeff Shaw

CARLSBAD, Calif. — Integral Senior Living (ISL), a Carlsbad-based senior living management company with more than 100 communities in its portfolio, has named Heather Haley as its vice president of sales and marketing, and Tina Schachter as its vice president of sales training and executive search. Haley brings a decade of experience in healthcare marketing and sales. She will now oversee the marketing goals and strategies of communities in Tennessee, Texas, Oklahoma, Colorado, Utah and Georgia. Prior to her role at ISL, Haley started her career by spending five years …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsIndependent LivingNewsOregon

Cushman & Wakefield Arranges $35M Sale of Crescent Park Independent Living Community in Eugene, Oregon

by Jeff Shaw

EUGENE, Ore. — Cushman & Wakefield has arranged the sale of Crescent Park, a 119-unit independent living community in Eugene. Built in 2014, the community is a three-story, 116,000-square-foot community on 5.7 acres. Inspired Healthcare Capital acquired the asset for $35 million. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig and Dan Baker represented the seller, an investment management firm with a focus on alternative assets including seniors housing. “Crescent Park showed exceptional stabilized performance throughout the pandemic and closed at the original contract price despite challenging capital markets,” …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentNevadaNews

Blueprint Brokers Sale of Fully Entitled Development Site in Minden, Nevada

by Jeff Shaw

MINDEN, Nev. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a development site in Minden, approximately 50 miles south of Reno. The five-acre parcel is fully entitled for construction of a seniors housing community totaling up to 130 units. The site is strategically located adjacent to Carson Tahoe Minden Medical Center, which Carson Tahoe Regional Health — the region’s largest healthcare provider — operates. The buyer was a West Coast-based seniors housing developer that is affiliated with a seniors housing operator. Information on the seller and price …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsSkilled NursingVirginia

Marquis Completes Renovations at Westmoreland Healthcare Center in Colonial Beach, Virginia

by Jeff Shaw

COLONIAL BEACH, Va. — Marquis Health Consulting Services has completed renovations at Westmoreland Rehabilitation & Healthcare Center, a skilled nursing facility in Colonial Beach, approximately midway between Richmond and Washington, D.C. The project included updates to the lobby, nurses’ stations and resident rooms, among other areas. The facility carries a five-star designation from the Centers for Medicare & Medicaid Services (CMS) for quality measures. Westmoreland maintains an outpatient rehabilitation program featuring occupational and physical therapy suitable for those high school aged and above.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsPennsylvania

IntegraCare Opens 130-Unit Residence at Fritz Farm in York, Pennsylvania

by Jeff Shaw

YORK, Pa. — Seniors housing owner-operator IntegraCare has opened The Residence at Fitz Farm, a 130-unit community in York. The 124,000-square-foot facility sits on a 16.5-acre site that was previously part of a family farm. The property houses 68 independent living units, 42 assisted living residences and 20 memory care units. IntegraCare developed The Residence at Fitz Farm in partnership with Indianapolis-based Avenue Development.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMississippiNews

Hunt Capital, Intervest to Convert Former Dairy Plant in Tupelo Into 33-Unit Affordable Community

by Jeff Shaw

TUPELO, Miss. — Hunt Capital Partners and Intervest Corp. are converting the former Carnation Milk factory in Tupelo into Carnation Village, a 33-unit seniors housing community. Two units will be rented at the market rate while the other 31 apartments will be restricted to seniors age 55 and older earning between 30 and 60 percent of the area median income. The Carnation Milk plant opened in 1927 and was operational through 1972. Since then, the factory has been used as a police department and jail, city offices and the Oren …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaNews

HTG, AM Affordable Housing Break Ground on $37.4M Astoria on 9th in Bradenton, Florida

by Jeff Shaw

BRADENTON, Fla. — Housing Trust Group (HTG) and AM Affordable Housing have closed on financing and begun construction of Astoria on 9th, a 120-unit affordable seniors housing community in the Tampa suburb of Bradenton. Development costs are estimated at $37.4 million. The units will be reserved for income-qualifying residents over age 62 who earn at or below 22, 30 and 60 percent of area median income (AMI), with rents ranging from $356 to $1,165 per month. The property is scheduled to open in fall 2024 with leasing slated to begin …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

SLIB Brokers Sale of 70-Unit Cedar Creek Assisted Living in Merritt Island, Florida

by Jeff Shaw

MERRITT ISLAND, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Cedar Creek Assisted Living in Merritt Island, located east of Orlando. Built in 2004, the facility features 70 assisted living units. The seller is a publicly traded REIT. The buyer is a regional owner-operator based in Florida that intends to renovate the asset. The price was not disclosed. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

HealthTrust Promotes Samantha Medred to CFO

by Jeff Shaw

SARASOTA, Fla. — HealthTrust, a Sarasota-based seniors housing valuation and advisory company, has promoted Samantha Medred to chief financitl officer. With nearly 12 years of specialized seniors housing valuation experience, Medred holds an MAI designation and serves on the Task Force for the State of Seniors Housing as well as a member of the Future Leaders Council for The National Investment Center for Seniors Housing & Care (NIC).

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts