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Watercrest Senior Living Group Promotes Sheila Fioretti to Dining Services Specialist

by Jeff Shaw

VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based operator, has promoted Sheila Fioretti to the newly created role of dining services specialist. She will lead an enhanced culinary program elevating dining experiences in each of Watercrest’s senior living communities. Fioretti joined the Watercrest family as executive chef of its largest Watercrest campus, overseeing all aspects of culinary management for independent living, assisted living and memory care dining. In her new role, she will continue the advancement of Watercrest’s refined dining experiences including healthy and diverse options, advanced …

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DevelopmentNewsWashington

Merrill Gardens Opens 123-Unit Community in Tacoma, Washington

by Jeff Shaw

TACOMA, Wash. — Merrill Gardens Senior Living has opened Merrill Gardens at Wright Park in the historic Stadium District in Tacoma. Merrill Gardens co-developed the property with Rush Development. The community features 115 independent living and assisted living apartments in studio, one- and two-bedroom layouts, as well as 18 memory care units. The main floor of the community features 2,600 square feet of retail space that includes an on-site urgent care clinic. Merrill Gardens will manage the senior living community and Rush will manage the retail space. The community mixes …

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NewsOperationsPeopleTexas

Buckner Retirement Names Tim List as Executive Director of Parkway Place in Houston

by Jeff Shaw

HOUSTON — Buckner Retirement Services has hired industry veteran Tim List as the new executive director for faith-based senior living community Parkway Place in Houston. List takes over for Abraham Mathew, who moved into the position of director of operations for Buckner. List’s career in senior living began in 2012 at Longhorn Village, a life plan community in Austin. There he rose from lead chauffeur to administrator, serving in roles such as accounting specialist, employee relations supervisor, and assistant administrator along the way. List earned a bachelor’s degree in multidisciplinary …

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Active AdultDevelopmentFinanceNewsVirginia

Northmarq Arranges $38.1M Construction Financing for 176-Unit Active Adult Community in Midlothian, Virginia

by Jeff Shaw

MIDLOTHIAN, Va. — Northmarq’s debt and equity team of Keith Wells, Hunter Wood, Reina Abboud, and Mike Lowry have arranged a $38.1 million loan for the construction of Lake Forest at Swift Creek in Midlothian, approximately 15 miles west of Richmond. The Holladay Corp. is developing the four-story, 176-unit active adult community on 11.7 acres. Sandy Spring Bank provided the funds. The development is scheduled for completion in 2024.

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NewsPeople

Juniper Communities Names Kristin Fogle as National Director of People

by Jeff Shaw

BLOOMFIELD, N.J. — Juniper Communities, a Bloomfield-based owner-operator, has appointed Kristin Fogle as national director of people. Fogle has spent the majority of her career in healthcare and senior living. Previously, she was chief people officer for Milestone Retirement Communities and Elegance Living. In her new role, Fogle will be involved with leadership and workforce development, associate relations and change management.

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FeaturesNews

Rising Costs Keep Operators Up at Night

by Jeff Shaw

LOS ANGELES — Seniors housing has been an ever-changing industry since the COVID-19 pandemic began in 2020. “I look back a few years ago and we were seeing curveballs coming at us I never thought we would be pitched,” said David Eskenazy, CEO, Cogir Management USA. “Now the smoke is clearing a little bit and we can look inside the organizations and see how we can run our businesses in this new environment. I think we’re going to get used to what this new environment is going to look like.” …

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Assisted LivingCaliforniaDevelopmentNews

Clearwater Living Opens 117-Unit Community in Glendora, California

by Jeff Shaw

GLENDORA, Calif. — Clearwater Living has opened Clearwater at Glendora, a 117-unit assisted living and memory care community in Glendora. The property is a two-story, 117,000-square-foot property offering 88 assisted living and 29 memory support apartments with studio, companion, one- and two-bedroom layouts. It is the only assisted living and memory care community in Glendora, according to the developer. Clearwater at Glendora is the company’s 10th seniors housing community in California, Arizona and Nevada, with plans for additional developments in the pipeline.

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FinanceNewsPeople

Berkadia Adds Sacco, Tremper, Garbers to Seniors Housing Platform

by Jeff Shaw

NEW YORK CITY — Berkadia, a New York City-based financial services firm, has added three managing directors to its seniors housing and healthcare team: Austin Sacco, Cody Tremper and Mike Garbers. Garbers has over 20 years of experience in the seniors housing industry and has been involved in developing, acquiring and selling over $8 billion in seniors housing properties throughout the United States and Canada. He specializes in brokering seniors housing, age-restricted and long-term care properties. He joins Berkadia from JLL, where he served as a managing director. Tremper also …

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CaliforniaDevelopmentNews

Belmont Village Senior Living Breaks Ground on 177-Unit Project in San Ramon, California

by Jeff Shaw

SAN RAMON, Calif. — Belmont Village Senior Living, in partnership with Sunset Development, has broken ground on Belmont Village San Ramon. Located within the Bishop Ranch neighborhood of San Ramon, the 175,320-square-foot community will feature a heated saltwater pool, putting green, farm-to-table gardening areas, al fresco dining, outdoor yoga lawn and group fitness space, and a dog park. Slated for completion by fall 2024, Belmont Village San Ramon will feature 177 studio, one- and two-bedroom residences for independent living, assisted living and memory care needs. Aron Will, Tim Root and …

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