IRVINE, Calif. — American Healthcare REIT Inc., a private investor based in Irvine, has hired Conor Wagner as senior vice president of investor relations and finance. Wagner reports directly to Chief Financial Officer Brian Peay and is responsible for leading the company’s investor relations department. Prior to joining American Healthcare REIT, Wagner was vice president of finance for Donahue Schriber Realty Group, a grocery-anchored and shopping center focused REIT, where he oversaw investor reporting and strategic finance activities. He previously served in a similar capacity with publicly traded apartment REITs …
CINCINNATI — Northsiders Engaged in Sustainable Transformation (NEST) and Pennrose have opened John Arthur Flats, Cincinnati’s first LGBTQ-friendly affordable seniors housing community. Located in the Northside neighborhood, the development adds 57 affordable units for residents age 55 or older. The three-story, elevator-serviced building includes studio, one-, and two-bedroom apartments available for residents earning 30 percent to 60 percent of the area media income (AMI), with rents ranging from $444 to $1,212 per month. The new community helps meet the demand for inclusive, affordable housing in the region, where the National …
TEXAS — Nick Skarich, Steven Marx, Corley Audorff and Josh Williams of Colliers Mortgage have arranged an $11.8 million bridge loan for the acquisition of three skilled nursing facilities in Texas. The facilities, which participate under the Texas Quality Incentive Payment Program, total 358 licensed beds. The loan includes $3.5 million for renovations. The loan carries a three-year term with two 12-month extensions and an interest-only payment period. No further information was disclosed.
COLORADO — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 91-bed skilled nursing facility in Colorado. Solterra Castle Rock sold the asset to the existing operator for an undisclosed price. The property was built in the 1970s and sits between Denver and Colorado Springs.
OMAHA, Neb. — Transforming Age has announced plans to open a second headquarters in Omaha, along with the addition of 10 third-party managed communities largely in the Midwest. Following the new operational acquisitions, Seattle-Based Transforming Age’s portfolio will total nearly 70 communities. The newly added third-party managed communities, including one under construction, are located in Illinois, Colorado, Nebraska, Kansas, Iowa and South Dakota. This mix of entrance-fee and market-rate rental communities represents over 1,000 units. New additions to the Transforming Age team will include Frankie Pane, Julie Bennett, Camille Burke …
NEWTON, Mass. — AlerisLife Inc. (NASDAQ: ALR), an operator based in Newton, has appointed Philip Benjamson as senior vice president and chief operating officer. Benjamson has over 25 years of leadership experience in the senior living, hospitality and multifamily industries, and most recently served as vice president of seniors housing operations for Trinity Health Senior Communities. Previously, he was the chief operating officer at Resort Lifestyle Communities from 2018 to 2021 and the chief operating pfficer at Blake Management Group from 2016 to 2018.
BONITA SPRINGS, Fla. — Funds advised by Lee Equity Partners LLC and Coastwood Senior Housing Partners LLC have agreed to an undisclosed amount of investment in Discovery Senior Living, a Bonita Springs-baed operator. The recapitalization will fund Discovery’s expansion and operational platform enhancement plans. “This strategic recapitalization purposefully combines the strengths and successful experiences of three companies and the resultant innovation-focused efforts will allow the acceleration of Discovery’s ability to execute its vision of creating a scaled company that outperforms the marketplace, addresses some of the legacy industry paradigms and …
PITTSBURGH, INDIANAPOLIS AND LOUISVILLE, Ky. — CBRE has brokered the sale of four active adult communities totaling 481 units in the Pittsburgh, Indianapolis and Louisville metro areas. An institutional investor that is a leading active adult owner-operator was the seller. Another institutional investor acquired the properties for an undisclosed price. CBRE’s Indianapolis multifamily team consisting of Steve LaMotte and Dane Wilson, CBRE’s Pittsburgh multifamily team consisting of Laura Lawrence, and CBRE’s National Senior Housing team members John L. Sweeny Jr., Aron Will, Garrett Sacco and Scott Bray represented the seller. …
GREENVILLE, S.C.; CHARLOTTE, N.C.; AND KENMORE, N.Y. — Bellwether Enterprise Real Estate Capital LLC has arranged three loan deals totaling more than $62 million to finance three assisted living and memory care communities in Greenville, one assisted living and memory care facility in Charlotte and a 150-unit affordable seniors housing development in the Buffalo suburb of Kenmore. The national seniors housing and care team at Bellwether originated the Carolina loans, led by Ryan Stoll, Taylor Mokris and Kim Huffstutler. Lundat Kassa and Anthea Martin originated the New York loan. The …
FARMERS BRANCH, Texas — MedCore Partners has acquired an 86-unit senior living community in the first-ring Dallas suburb of Farmers Branch. MedCore has renamed the property, formerly called The Avenues of Park Forest, as The Grove on Forest Lane. The community features 70 assisted living and 16 memory care units. The transaction marks MedCore’s second acquisition in Texas but the first in the Dallas market. The property is MedCore’s 19th nationwide. Renovation effort will include new interior and exterior signage, courtyard landscaping, common area upgrades and apartment amenity enhancements. Senior …