GULF BREEZE, Fla. — Coldwell Banker Commercial has arranged the sale of Watermark of Gulf Breeze, an assisted living facility in Gulf Breeze, located across Pensacola Bay from Pensacola. The property sold for $8.2 million. The buyer and seller were…
APOPKA, Fla. — Strive Senior Living, an owner-operator based in the Orlando suburb of Apopka, has hired Melissa Bossert as chief operating officer. She will oversee the company’s day-to-day administration and operations. Bossert has been involved in the senior living…
PURCHASE, N.Y. — HJ Sims has arranged $398.1 million in tax-exempt and taxable bonds for Purchase Senior Learning Community Inc., which was formed to develop a new university-based retirement community, Broadview at Purchase College, on the State University of New…
ROCKLEDGE, Fla. — Resort Lifestyle Communities (RLC) has opened Shell Harbor Retirement Community, a 180,000-square-foot seniors housing property in Rockledge, located along the Atlantic Coast east of Orlando. Development costs were estimated at $30 million. The number of units was…
DECATUR, Ga. — The Decatur Housing Authority (DHA), in partnership with Columbia Residential, was recently awarded a 9 percent Low-Income Housing Tax Credit (LIHTC) allocation from the Georgia Department of Community Affairs. The move will fund development of Columbia Senior…
AUBURN, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 70-bed skilled nursing facility in the small Central Illinois city of Auburn. The community was built in 1970. Occupancy was 75 percent at the time of…
PLANO, Texas — Enseo, a Plano-based technology provider serving the hospitality, senior living and education sectors, has promoted Kristen Singleton to president. Singleton joined Enseo as chief information officer in 2020 and will continue holding that position in addition to…
BALA CYNWYD, Pa. — Ziegler has arranged $39.4 million in bond financing for Simpson, a nonprofit operator based in Bala Cynwyd, a suburb of Philadelphia. Formerly known as Methodist Episcopal Home for the Aged, the borrower operates three continuing care…
NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC) has completed the management transitions for 107 communities within its senior housing operating portfolio (SHOP). Management was transitioned to 10 regionally focused operators. The transitions were completed as part of the agreement…
ATLANTA — Greystone has placed financing for a 193-unit seniors housing complex in Atlanta. Greystone’s Senior Housing Capital Markets Team, including Matt Miller, arranged the financing on behalf of Harbert Seniors Housing Fund I LP. The amount and use of…
REDONDO BEACH, Calif. — The Ridge Senior Living, a Redondo Beach-based owner-operator, has announced its plans to transition to self-management on Jan. 1. As a part of the management change, The Ridge also promoted Mandy Hampton to the role of…
GARDNERVILLE, Nev. — Senior Living Investment Brokerage has arranged the sale of Carson Valley, a 65-unit seniors housing community in Gardnerville, approximately 50 miles south of Reno. The facility was built in 1997 and totals 40,610 square feet on 2.5…
SOUTHEAST MICHIGAN — VIUM has provided $58 million in bridge-to-HUD financing for a six-building portfolio in Southeast Michigan. The borrower, a regional owner-operator based in New Jersey, used the funds to purchase the portfolio, which features nearly 700 skilled nursing…
LONG BEACH and WEST CARSON, CALIF. — R.D. Olson Construction has broken ground on two affordable housing communities in Los Angeles County: Anaheim and Walnut in Long Beach and West Carson Villas in West Carson. The projects are slated for…
NEWARK, N.J. — Fairstead, an investment firm with three offices along the East Coast, and Maine-based LIHC Investment Group have purchased the 691-unit Essex Plaza seniors affordable housing portfolio in Newark. The portfolio consists of 13 buildings. The partnership plans…
BASKING RIDGE, N.J. — Callahan Construction Managers has broken ground on Residence at Basking Ridge, a 90-unit seniors housing project that will be located about 40 miles west of New York City. Developed by LCB Senior Living and designed by…
ALLENDALE, N.J. — New Jersey-based investment firm Tryko Partners has acquired The Allendale Community for Senior Living, a 299-bed facility located in Northern New Jersey’s Bergen County. The 146,000-square-foot facility was built in the 1960s and offers skilled nursing, assisted…
MATTHEWS, N.C. — Acts Retirement-Life Communities has started construction on a $59 million expansion at Matthews Glen, a 124-acre continuing care retirement community in Matthews. The project will add 72 independent living apartments and 16 villas to its campus. Construction…
SANTA ANA, Calif. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on a $30 million term loan and a $35 million revolving line of credit for a portfolio of skilled nursing facilities operated by Life Generations Healthcare…
QUAIL CREEK, Okla. — Evans Senior Investments (ESI) has arranged the sale of Quail Creek, a 103-unit assisted living and memory care community in the Oklahoma City suburb of Quail Creek. A private equity investor sold the asset to a…
MILWAUKEE — Vium Capital has provided a $21.3 million bridge loan for Bria of Trinity, a continuing care retirement community in Milwaukee. The loan provides funds for the acquisition of the property. The seller was seeking an exit from a…
DALLAS — OneDay, a technology company based in Dallas that serves the seniors housing industry, has appointed Lacy Jungman as vice president of strategic development. OneDay has added 35 new team members this year, bringing it total number of employees…
STONECREST, Ga. — McShane Construction Co. has completed the construction of Stonepointe, a 238-unit affordable senior living community in Stonecrest, just southeast of Atlanta. Dominium was the developer of the project while Martin Riley Associates served as the architect. Construction…
FORT WASHINGTON and LANCASTER, Pa. — Acts Retirement Services and Willow Valley Communities, two of the nation’s largest not-for-profit senior living organizations, have entered into a strategic alliance. Acts, which is based in Fort Washington, will serve as sole corporate…
CARROLLTON, Texas — An affiliate of Livingston Street Capital, a private equity firm, has acquired Atlas Point at Prestonwood, a 183-unit active adult community in Carrollton, located in the Dallas-Fort Worth Metroplex This asset brings Livingston’s overall investment in the…
MELBOURNE, Fla. — Adëlon Capital has broken ground on its first senior living property, Parasol Melbourne in Melbourne. Cimbra Partners is the principal co-investor on the project. United Plus Property Management will operate the community, which Certified General Contractors will…
PALM BEACH GARDENS, Fla. — United Group of Companies, along with ownership partners Sina Cos. and Mayan Properties, has opened Arcadia Gardens, an active adult community in Palm Beach Gardens. Development costs were estimated at $53 million. Mayan Properties is…