News

Health Services Management Promotes Anita Mamone to Chief Legal, Governance Officer

by Jeff Shaw January 16, 2023

CRYSTAL RIVER, Fla. — Health Services Management, a Crystal River-based skilled nursing and long-term care operator, has promoted Anita Mamone to chief legal and governance officer. Mamone will be responsible for the legal affairs of the entire corporation, including internal management of all litigation matters and outside counsel. She will also collaborate with senior management regarding compliance and strategic initiatives, while providing legal counsel to the board of directors, chairman of the board, CEO and other senior management. Mamone received a bachelor’s degree in criminology, criminal justice and corrections from …

January 16, 2023

Assisted Living Development New York News

FilBen Group, RSF Partners Break Ground on $54M Assisted Living Facility in Montebello, New York

by Jeff Shaw January 13, 2023

MONTEBELLO, N.Y. — A partnership between owner-operator FilBen Group and Dallas-based private equity firm RSF Partners has broken ground on Braemar at Montebello, a $54 million assisted living facility in New York’s Lower Hudson Valley region. The site is located near Good Samaritan Hospital — Suffern, as well as numerous commercial establishments. The property will span 133,675 square feet and will feature one- and two-bedroom units with an average size of 500 square feet. H2M Architects + Engineers designed the project, and McAlpine Contracting is handling construction. M&T Bank provided …

January 13, 2023

Acquisitions Kentucky News Skilled Nursing

Strawberry Fields REIT Acquires 120-Bed Skilled Nursing Facility in Jackson, Kentucky

by Jeff Shaw January 13, 2023

JACKSON, Ky. — Strawberry Fields REIT has acquired a skilled nursing facility located in Jackson, a small city of fewer than 3,000 residents approximately 90 miles southeast of Lexington. The Landmark of Breathitt County Rehabilitation & Nursing Center (formerly operated as the Nim Henson Geriatric Center) is a 120-bed facility that was built in 1971. The facility is the only skilled nursing property available in Breathitt County and was most recently renovated in 2021. Upon purchase, the facility was added to the Landmark master lease. A&M Healthcare Investments, which operates …

January 13, 2023

Acquisitions Assisted Living News Virginia

CBRE Negotiates Sale of HarborChase of Prince William Commons in Woodbridge, Virginia

by Jeff Shaw January 13, 2023

WOODBRIDGE, Va. — CBRE National Senior Housing’s investment properties team has arranged the sale of HarborChase of Prince William Commons, a Class A seniors housing community in Woodbridge, a suburb of Washington D.C. Built in 2018, HarborChase of Prince William Commons is a three-story building with 127 units of assisted living, transitional memory care and memory care units. John Sweeny, Aron Will, Garrett Sacco and Scott Bray represented the sellers, Silverstone Senior Living and Lionstone Investments. Although the price was not disclosed, CBRE National Senior Housing’s debt and structured finance …

January 13, 2023

Acquisitions Missouri News Skilled Nursing

Blueprint Brokers Sale of 90-Bed Jackson Manor Nursing Home in Jackson, Missouri

by Jeff Shaw January 13, 2023

JACKSON, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Jackson Manor Nursing Home, a 90-bed skilled nursing and long-term care facility in Jackson, approximately 110 miles south of St. Louis. A public REIT sold the asset to a local owner-operator for an undisclosed price. The facility was originally constructed in 1979 and features all private rooms. With limited local competition, Jackson Manor maintained consistent census and quality mix levels through local and regional referral sources around nearby Cape Girardeau.

January 13, 2023

News People

Health Dimensions Group Names John Capasso as Executive Advisor of Senior Care

by Jeff Shaw January 13, 2023

MINNEAPOLIS — Health Dimensions Group, a Minneapolis-based senior living, post-acute and long-term care management and consulting firm, has named John Capasso as executive advisor of senior care. Most recently, Capasso served as executive vice president and president of the continuing care division for Trinity Health, a $20 billion, nonprofit, Catholic health system with 120,000 employees across 88 hospitals and 131 continuing care locations in 25 states. Previously he served as senior vice president of continuing care for Catholic Health East, with 34 hospitals and 9,000 employees. In his role at …

January 13, 2023

CCRC Development Finance Minnesota News

Ziegler Closes $47M Financing for Construction of Saint Therese Community in Corcoran, Minnesota

by Jeff Shaw January 12, 2023

CORCORAN, Minn. — Specialty investment bank Ziegler has closed on $47 million in financing for Saint Therese of Corcoran LLC, and its sponsor, Saint Therese, for the construction of a new senior living community in Corcoran, about 30 miles northwest of Minneapolis. The financing is comprised of $18.2 million of Series 2022AB and $28.8 million of Series 2023 Senior Living Revenue Notes placed with Bremer Bank. Proceeds of the notes, along with other available funds, will be used to finance the construction of Saint Therese of Corcoran, fund interest on …

January 12, 2023

Acquisitions News Skilled Nursing Texas

SLIB Negotiates Sale of 132-Bed Homestead of Sherman in Texas

by Jeff Shaw January 12, 2023

SHERMAN, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Homestead of Sherman, a 132-bed skilled nursing facility in Sherman, approximately 65 miles north of Dallas. The community totals approximately 39,211 square feet on a five-acre plot. A private partnership out of Dallas sold the community to an owner-operator from Fort Worth with 20 existing properties in the state. The price was not disclosed. Matthew Alley and Ryan Saul of SLIB handled the transaction.

January 12, 2023

Assisted Living Development Finance Florida News

Live Oak, Renasant Provide Construction Loan for 158-Unit Community in Naples, Florida

by Jeff Shaw January 12, 2023

NAPLES, Fla. — Live Oak Bank and Renasant Bank have provided an undisclosed amount of financing for construction of a 158-unit assisted living and memory care community in Naples. The borrower is a joint venture between investment management firm Heitman and NexCore Group. Experience Senior Living, NexCore’s operating subsidiary, will manage the property.

January 12, 2023

Acquisitions Active Adult News Ohio

Blueprint Brokers Sale of Active Adult Community in Dayton, Ohio

by Jeff Shaw January 12, 2023

DAYTON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of a portfolio of properties in Dayton. The assets included a 40-unit active adult campus, a 12,000-square-foot office builing and a 5.7 acre land parcel. The seller elected to divest the three assets to recycle capital and strategically downsize its portfolio to focus on core business. The buyer was a private equity investor and operator looking to expand through aggressive acquisition.

January 12, 2023

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