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Affordable HousingDevelopmentFloridaNews

HTG Breaks Ground on $41M Hillsboro Landing Affordable Community in Deerfield Beach, Florida

by Jeff Shaw

DEERFIELD BEACH, Fla. — Housing Trust Group (HTG) has started construction of Hillsboro Landing, a $41 million affordable seniors housing community in Deerfield Beach, approximately 45 miles north of Miami. The 75-unit community is a joint venture between HTG and the Broward County Housing Authority.  Apartments at Hillsboro Landing will be reserved for income-qualifying residents age 62 and older who earn at or below 22, 25 and 60 percent of the area median income (AMI). Monthly rents will range $374 to $1,225.  The project is scheduled for completion by October …

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AcquisitionsAssisted LivingNewsOklahoma

JLL Arranges Sale of 105-Unit Prairie House in Broken Arrow, Oklahoma

by Jeff Shaw

BROKEN ARROW, Okla. — JLL Capital Markets has arranged the sale of Prairie House, a 105-unit assisted living and memory care community in the growing Tulsa suburb of Broken Arrow. JLL represented the seller, Prevarian Senior Living, and procured the buyer, TUL ALF 3 LLC.  Legend Senior Living, an affiliate of the buyer, will operate the community. The price was not disclosed. Prairie House features 73 assisted living units, ranging from studio to two-bedroom units, and 32 studio memory care units. The property was built in 2016. The community is part …

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NewsPeople

EPOCH Senior Living Promotes Erica Labb to Director of Team Member Engagement, Culture

by Jeff Shaw

WALTHAM, Mass. — EPOCH Senior Living, a Waltham-based senior living provider, has promoted Erica Labb to the newly created position of director of team member engagement and culture. Labb has worked EPOCH Senior Living for five years, most recently serving as executive director of Bridges by EPOCH at Westford, where she led the 54-resident and 65-team-member memory care assisted living community.  Labb began working in elder care in 1995 as a direct caregiver. Over the last two decades, she’s served in several management roles and positions in communities throughout the …

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DevelopmentIndependent LivingNewsTexas

Forefront Living Plans 193-Unit Bella Vida at La Cantera in San Antonio

by Jeff Shaw

SAN ANTONIO — Forefront Living has unveiled plans for Bella Vida at La Cantera, a 21-acre independent living community in San Antonio. The community is near the Eilan Hotel and Spa and La Cantera Resort and Spa and adjacent to the Crownridge neighborhood.  Once complete, Bella Vida will feature 153 apartment units and 40 villas with attached garages, with a variety of floor plans ranging from 820 to 2,550 square feet. A construction timeline was not released.

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DevelopmentNewsPennsylvania

Marquis Starts $25M Renovation Project at Fountain View at Logan Square in Philadelphia

by Jeff Shaw

PHILADELPHIA — Marquis Health Consulting Services has started work on the first phase of a $25 million renovation at Fountain View at Logan Square. The high-rise community is located in Philadelphia’s Center City district. The 24-story Fountain View tower is a familiar fixture in the city’s skyline.  The three-year repositioning follows an ownership change and rebranding at Fountain View, formerly The Watermark. The building at 2 Franklin Town Boulevard spans 420,000 square feet and includes subterranean parking. Designer Michael Lebovics of ML Group is spearheading the transformation of the physical …

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AcquisitionsIllinoisMemory CareNews

Blueprint Arranges $9.3M Receivership Sale of Springs of Vernon Hills in Illinois

by Jeff Shaw

VERNON HILLS, Ill. — Blueprint Healthcare Real Estate Advisors has brokered the $9.3 million sale of Springs of Vernon Hills in Vernon Hills, a northern suburb of Chicago. The standalone memory care community was built in 2015 and features 70 units. The seller was The Long Hill Company, a nationally focused turnaround management firm serving as the court-appointed receiver for the property. After falling to 58 percent occupied in 2021 following Illinois’ strict COVID-19 lockdowns, the community was placed into receivership. Under Long Hill’s management, the community steadily regained census, …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Negotiates Sale of 77-Unit Community in Buford, Georgia

by Jeff Shaw

BUFORD, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 77-unit assisted living and memory care community in Buford, approximately 35 miles northeast of Atlanta. The community was built in 2012 and totals 51,063 square feet on 2.5 acres of land. The buyer is a Florida-based regional owner-operator that plans to invest in cosmetically updating the community and improve overall performance through continued lease-up and expense efficiencies.  The seller was a private REIT that had purchased this asset as part of a larger portfolio and was …

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Company NewsNewsPeople

Christian Horizons Names Kate Bertram as President, CEO

by Jeff Shaw

ST. LOUIS — Christian Horizons, a St. Louis-based operator, has named Kate Bertram as president and chief executive officer (CEO). Bertram joined Christian Horizons in March 2022 as chief operations officer with 20 years of experience in senior services and older adult living. She has an MBA from Mount Mary University and has been an active participant in the aging services industry including LeadingAge Wisconsin and the National MS Society’s Wisconsin chapter.

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Assisted LivingDevelopmentNew YorkNews

Sunrise Opens 19-Story The Apsley in Manhattan’s Upper West Side

by Jeff Shaw

NEW YORK CITY — Sunrise Senior Living, together with partners Hines and Welltower (NYSE: WELL), has opened The Apsley, a 19-story luxury seniors housing community in Manhattan’s upscale Upper West Side neighborhood. Located at 2330 Broadway between 84th and 85th streets, The Apsley is the second luxury senior living community in Manhattan by Sunrise, Hines and Welltower. Sunrise at East 56th celebrated its first anniversary on the Upper East Side in December 2022. SLCE Architects designed the exterior architecture of The Apsley, which rises 19 stories. The community features 80 …

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AcquisitionsCCRCNewsVirginia

ESI Arranges Sale of Beth Sholom Village in Virginia Beach

by Jeff Shaw

VIRGINIA BEACH, Va. — Evans Senior Investments (ESI) has arranged the sale of Beth Sholom Village, a seniors housing community in Virginia Beach. The seller is a mission-based nonprofit group. A Mayland-based owner-operator was selected as the buyer. The price was not disclosed. Beth Sholom Village opened in 1980 with 120 licensed skilled nursing beds. The seniors housing component was added in 2004 and includes 56 assisted living and 18 memory care units. Virginia has an existing certificate of public need to develop new skilled nursing and assisted living communities, …

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