HIALEAH, Fla. — Lument Securities has arranged the sale of Epworth Village Retirement Community in Hialeah, a suburb of Miami. A private joint-venture partnership acquired the nonprofit continuing care retirement community for an undisclosed price. Laca Wong-Hammond and Dominic Porretta led the transaction for Lument Securities. The community was originally founded in 1948 as The Biscayne Home for Women.
THE WOODLANDS, Texas — Pinecroft Realty has promoted Jim Pisula to president and CEO. He previously served as chief investment officer and partner, and for the past 15 years played a leading role in developing the company. Tom Pisula, former president and CEO, will transition to the role of chairman. Jim Pisula’s promotion and the new titles formalize a transition plan that has been in process already. In addition, David Teague will remain as executive vice president and chief operating officer. Pinecroft Realty is a The Woodlands-based commercial real estate …
PEMBROKE PINES, Fla. — Miami Jewish Health (MJH) AND McDowell Housing Partners have broken ground on Douglas Gardens Residences, an affordable seniors housing community in Pembroke Pines, approximately 20 miles north of Miami. Development costs are estimated at $137 million for the 410-unit community. According to the developers, this will result in the largest affordable housing development in Broward County. The project will deliver a mixed-income community, merging healthcare and housing into one development for local seniors, on what is currently the 25-acre Douglas Gardens North Campus. Of the total …
ALABAMA — Capital Funding Group (CFG) has provided $84.7 million in bridge-to-HUD financing for the acquisition of seven skilled nursing facilities and one assisted living community in Alabama. The borrower is Venza Care. The portfolio totals 797 beds. Capital Funding Group’s Craig Casagrande and Andrew Jones originated the transaction.
BOCA RATON, Fla. — AgeWell Solvere Living and Protea Capital Partners have scheduled a May grand opening for Sunscape Boca Raton. This will be the second Sunscape assisted living and memory care community opening, the first being its sister location, Sunscape Daytona Beach, which opened in March of 2022. Irwin Partners is the architect, Klang & Associates is the interior designer and Hedrick Brothers Construction is the general contractor. The number of units was not disclosed.
HAYWARD, Calif. — EAH Housing has broken ground on Mission Paradise, an affordable seniors housing community in the Bay Area city of Hayward. DAHLIN Group designed the property, which J.H. Fitzmaurice Inc. is building. “We are amid a housing crisis that is being exacerbated by inflation and lack of affordable housing across the country, and more specifically in California,” says Assemblymember Liz Ortega. “We have a moment of opportunity in the here and now to take actionable steps that will support organizations like EAH Housing to address the severe housing …
MAPLE GROVE, Minn. — Grace Management Inc. has promoted Brian Storey to the newly created position of vice president of operations. Storey joined Grace Management in February 2015 as the executive director of The Highlands, located in Topsham, Maine. From there, he moved into a regional director of operations role in 2017. As vice president of operations, Storey directs and manages ancillary operations functions for Grace Management and supports capital projects. Storey is a graduate of the Kendall College School of Hospitality Management, where he earned a bachelor’s degree in …
GEORGETOWN, Texas — Watermark Retirement Communities has opened The Hacienda at Georgetown, a 231-unit luxury property in Georgetown, approximately 25 miles north of Austin. The apartments feature one- and two-bedroom options and offer independent living, assisted living, short-term stays or memory care. The Georgetown property is the latest addition to Watermark’s high-end Élan Collection. “The Hacienda at Georgetown fills the luxury senior living gap in the market created by the greater Austin area population boom,” says David Freshwater, chairman of Watermark.
NAPERVILLE, Ill. — Charter Senior Living, a Naperville-based operator with 47 communities across 13 states, has hired Janet Tiemeyer as vice president of health and wellness; Thomas “Tip” Hoge as senior director of facility operations; Ben Scott as regional director of operations; and Jennifer Cayson as clinical specialist. Tiemeyer joins the Charter Senior Living team with 19 years of experience serving seniors and leading clinical departments. Most recently, she served as vice president of clinical integration and strategic accounts for St. Louis-based EmpowerMe Wellness. Prior to that, she held many …
ARDEN HILLS, Minn. — New Perspective has completed a 146-unit seniors housing community in Arden Hills, a suburb of Minneapolis-St. Paul. The 192,000-square-foot community offers independent living, assisted living and memory care services. The property is New Perspective’s 10th in the Twin Cities metro area. New Perspective Arden Hills will partner with Bethel University, the community’s next-door neighbor, in providing a variety of campus opportunities for those living in the building.