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Charter Promotes Jayne Sallerson to President

by Jeff Shaw

NAPERVILLE, Ill. — Charter Senior Living, a Naperville-based owner-operator, has promoted Jayne Sallerson from chief operating officer (COO) to president/COO. Founder Keven Bennema will continue in his role as CEO. Sallerson has been with the company for five of its seven years in existence. She previously worked at Benchmark Senior Living and Emeritus Senior Living, among other notable seniors housing organizations. Along with appointing Sallerson as president, Charter has added two new leadership positions to the company. Cathy Hampton was promoted to vice president of operations and Leslie Eldridge was …

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FeaturesFinanceNews

Bank Failures Could Cause Fed to Pause on Interest Rate Hikes

by Jeff Shaw

It’s an open question whether the Federal Reserve will raise the federal funds rate for a ninth consecutive time when it convenes March 21-22 following the collapse of Silicon Valley Bank and Signature Bank and the downgrade of the U.S. banking system by Moody’s Investors Service. Citing a “rapidly deteriorating operating environment” despite regulators’ efforts to shore up the industry, Moody’s early this week downgraded the U.S. banking system to negative from stable. Beth Mace, chief economist and director of outreach for the National Investment Center for Seniors Housing & …

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Affordable HousingDevelopmentFloridaNews

HTG Breaks Ground on $43.5M Mount Hermon Apartments in Fort Lauderdale

by Jeff Shaw

FORT LAUDERDALE, Fla. — Housing Trust Group (HTG) and Mount Hermon African Methodist Episcopal Church Inc. have broken ground on Mount Hermon Apartments, an affordable seniors housing community in Fort Lauderdale. Development costs are estimated at $43.5 million for the 104-unit community. The seven-story development will offer a mix of one- and two-bedroom units ranging from 650 square feet to 950 square feet. Apartments are reserved for income-qualifying residents age 62 and older who earn 60 percent or less of area median income (AMI), with rents ranging from $425 to …

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FinanceMassachusettsNewsSkilled Nursing

Lument Provides $15M HUD Refinancing for Alliance Health at West Acres in Brockton, Massachusetts

by Jeff Shaw

BROCKTON, Mass — Lument today has provided a $15 million HUD Sec. 232/223(f) loan to refinance Alliance Health at West Acres, a 130-bed skilled nursing facility (SNF) in Brockton, approximately 20 miles south of Boston. Alliance Health owns and operates seven communities consisting of 807 skilled nursing and 54 residential care beds. Alliance Health at West Acres was originally built in 1965 and consists of a two-story building featuring 116 semi-private beds and 14 private beds. The community was substantially renovated in 2017 using bank debt, which the $15 million …

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Assisted LivingCaliforniaFinanceNews

Bayview Arranges $13M C-PACE Financing for Varenita of Simi Valley in California

by Jeff Shaw

SIMI VALLEY, Calif. — Bayview PACE has arranged $13 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the Varenita of Simi Valley seniors housing community in the Ventura County city of Simi Valley. The Class A property which opened in February 2022, totaling 97,000 square feet of space with 102 units of assisted living and memory care. Its location in the heart of Griffin Plaza, an active shopping center, provides opportunities for residents to explore and socialize in nearby retail shops and restaurants. The C-PACE loan is being …

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NewsPeople

LRS Architects Hires Jewel Kayfes as Director of Business Development, Marketing

by Jeff Shaw

PORTLAND, Ore. — LRS Architects, a Portland-based firm that works in seniors housing, has hired Jewel Kayfes as director of business development and marketing. Kayfes will oversee strategic business development and marketing initiatives for the firm to continue the growth and reach of LRS. Kayfes brings 14 years of experience leading large-scale teams in winning and maintaining client and partnership relationships that meet a company’s strategic vision. Kayfes received her bachelor’s degree from Oregon State University. She is also a national delegate and former president of CREW Portland and a …

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FinanceIndependent LivingNewsTexas

CBRE Arranges $18.2M Refinancing for Village on the Park Onion Creek in Austin, Texas

by Jeff Shaw

AUSTIN, Texas — CBRE National Senior Housing has arranged an $18.2 million refinancing for Village on the Park Onion Creek, a Class A seniors housing community in Austin. The borrower is Bridgewood Property Co. Located in the established neighborhood of Onion Creek, the 124-unit, majority independent living community sits on a nine-acre campus. The property is near Austin’s Interstate 35 growth corridor, south of downtown, providing access to retail and the surrounding area. Aron Will, Tim Root and Michael Cregan of CBRE National Senior Housing arranged the 10-year, floating rate …

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AcquisitionsAssisted LivingCaliforniaNews

Blueprint Brokers Sale of 70-Unit GranVida Senior Living in Carpinteria, California

by Jeff Shaw

CARPINTERIA, Calif. — Blueprint Healthcare Real Estate Advisors has brokered the sale of GranVida Senior Living, a 70-unit assisted living and memory care community in the Central Coast city of Carpinteria. The community is situated in a high barrier-to-entry suburb between Santa Barbara and Ventura. The asset benefits from being the only seniors housing community within 10 miles. An institutional ownership group sold the asset to Blake Parsons, owner of RBP Communities, for an undisclosed price.

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AcquisitionsAssisted LivingNewsWisconsin

ESI Negotiates Sale of 120-Unit Community in Wisconsin

by Jeff Shaw

WISCONSIN — Evans Senior Investments (ESI) has brokered the sale of a 120-unit assisted living and memory care community in Wisconsin. National Health Investors (NHI) sold the property to Eden Senior Care. The name and location of the property, as well as the price, were not disclosed. At the time when the operator was brought in during 2019 by NHI, the community was experiencing a high usage of Medicaid waivers and the community was struggling overall. Over the past three years, the operator was able to transition the community to …

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IllinoisMemory CareNewsOperationsPeople

Anthem Memory Care Appoints Nick Katinos as Executive Director of Grace Point Place in Oak Lawn, Illinois

by Jeff Shaw

OAK LAWN, Ill. — Anthem Memory Care has named Nick Katinos as executive director for Grace Point Place in Oak Lawn, southwest of Chicago. Katinos previously was executive director of Sunrise of Naperville North in Naperville. He also served as executive director for Brighton Gardens of Wheaton in Wheaton. He brings over seven years of senior living experience to this position. Katinos earned a bachelor’s degree in hospitality management from Johnson & Wales University in Providence, Rhode Island.

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