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AcquisitionsAssisted LivingFloridaNews

Grandbridge Arranges Sale of Three Communities in Florida

by Jeff Shaw

BRADENTON, SANFORD and PINELLAS PARK, Fla. — Grandbridge Real Estate Capital’s seniors housing investment sales team has arranged the sale of three assisted living and memory care communities in Florida. A national REIT sold the communities in three separate transactions. The buyers were a national investor based in Florida and two owner-operators with a presence in the region. The prices were not disclosed. The properties include the 112-unit Bradenton Oaks in Bradenton, the 94-unit Renaissance Retirement Center in Sanford, 145-unit FL Bayside Terrace in Pinellas Park. The Renaissance was built …

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AcquisitionsIndependent LivingNewsOregon

Cushman & Wakefield Brokers $57.8M Sale of The Alexander Bend Independent Living Community in Bend, Oregon

by Jeff Shaw

BEND, Ore. — Cushman & Wakefield has arranged the sale of The Alexander Bend, a 136-unit independent living community in Bend. Opened in late 2019 and representing the city of Bend’s newest independent living offering in over 10 years, The Alexander Bend features 3.1 acres of adjacent land. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard represented the seller, BPM Real Estate Group, in the transaction. The buyer was Touchmark, which renamed the community Touchmark at Pilot Butte and will operate it alongside Touchmark …

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AcquisitionsAssisted LivingIowaNews

SVN Senior Housing Negotiates Sale of Assisted Living Portfolio in Iowa

by Jeff Shaw

OSAGE, CHARLES CITY and CLEAR LAKE, Iowa — SVN Senior Housing has arranged the sale of a three-property, 130-unit assisted living portfolio in Iowa. T The properties were located in the communities of Osage, Charles City and Clear Lake and were stabilized at the time of sale. A private investment group sold the assets to an Iowa-based investment group with properties in Iowa, Minnesota and Wisconsin. Jennifer Espeland and John Klement led the SVN team in the transaction.

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Company NewsNewsOperations

Otterbein SeniorLife Partners with Perennial Advantage of Ohio

by Jeff Shaw

COLUMBUS, Ohio — Otterbein SeniorLife has recently joined Perennial Advantage of Ohio Inc., a Columbus-based operator-owned Medicare Advantage Special Needs Plan. Otterbein launched the Perennial program in nine of its locations. With this partnership, Perennial Advantage will now operate in 40 senior living communities across Ohio. Perennial Advantage, a member of Perennial Consortium LLC, offers enhanced care for residents of nursing homes, assisted living facilities and independent living communities by providing on-site care teams of healthcare professionals. These teams will work together with each facility’s existing staff to enhance quality …

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DevelopmentFloridaNews

Liberty Senior Living Completes Wellington Bay Community in Florida

by Jeff Shaw

WELLINGTON, Fla. — Liberty Senior Living has completed construction of Wellington Bay, a seniors housing community in the South Florida village of Wellington. The property offers independent living apartments, garden flats and villas, as well as Lisbet Health Center, which offers assisted living and memory care services. The community is located on 40 acres and includes a 65,000-square-foot clubhouse. Although the number of units and development costs were not disclosed, in 2019 SunTrust Bank provided $39 million in construction financing for the project, which at that time was slated to …

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AcquisitionsActive AdultNewsWashington

SVN Cornerstone Arranges $10.1M Sale of Whispering Pines Apartments in Spokane, Washington

by Jeff Shaw

SPOKANE, Wash. — SVN Cornerstone has arranged the sale of Whispering Pines Apartments, an age-restricted apartment community in Spokane. The asset traded for $10.1 million. The unassisted seniors housing community offers two- and three-bedroom units with two-car garages and individual backyards. Community amenities include a clubhouse and dog park. Nate Gant and Guy Byrd of SVN Cornerstone represented the undisclosed seller, while Levi Sterley of Lee & Associates represented the undisclosed buyer in the deal.

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NewsOperationsPeople

JD Solutions Group Hires Kellie Kulick as Vice President of Coaching, Training

by Jeff Shaw

PROVIDENCE, R.I. — JD Solutions Group (JDSG) has hired Kellie Kulick as vice president of coaching and training. Kulick brings more than 20 years of experience in senior living operations and sales to a growing coaching and training sales consultancy. “Kellie knows first-hand what it takes to succeed as an Executive Director and Regional Sales leader in today’s world of senior living sales,” says Jennifer Dixon, the company’s CEO. With sales training and consulting clients across all markets in the United States, JDSG has seen demand from senior living operators …

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Active AdultDevelopmentMissouriNews

Avenue Development Breaks Ground on Viva Bene Active Adult Community in St. Peters, Missouri

by Jeff Shaw

ST. PETERS, Mo. — Avenue Development has broken ground on the first active adult community under its new Viva Bene brand. Located in St. Peters, a western suburb of St. Louis, the 195,000-square-foot campus will feature 161 units. Concurrent with the groundbreaking announcement, Avenue noted that its Viva Bene-branded communities will partner with national primary care provider Sevi Health. The partnership combines Viva Bene’s vision of delivering wellness amenities with Sevi Health’s mission to simplify primary care for residents by helping seniors navigate a complicated healthcare system. “Sevi Health’s leadership …

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ColoradoCompany NewsNewsSkilled Nursing

Vivage Senior Living, Beecan Health Colorado Announce Merger

by Jeff Shaw

LAKEWOOD, Colo. — Vivage Senior Living and Beecan Health Colorado have merged, bringing together an integrated network of care. The two companies combined operate 42 skilled nursing facilities totaling 3,600 licensed beds in the state of Colorado. In addition to providing a large variety of placement options, Vivage-Beecan is also dedicated to enhancing specialty program development. This unified network of skilled nursing facilities allows residents and family members greater access to healthcare solutions in every corner of the state of Colorado, according to the company.

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Affordable HousingDevelopmentMassachusettsNews

TAT, Beacon Communities Open 55-Unit Affordable Community in South Boston

by Jeff Shaw

BOSTON — The Architectural Team (TAT) and Beacon Communities LLC have opened Phase III of The Anne M. Lynch Homes at Old Colony, an affordable seniors housing community in South Boston. The new building feature 55 units and was built using Passive House sustainability standards. the project recently won a design excellence award in the low-rise multifamily category from the Passive House Institute U.S. chapter. “The Passive House approach is a game-changer for affordable and workforce housing projects, which can significantly benefit from the standard’s lower ongoing operating costs, healthier …

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