COVINA and MOORPARK, Calif. — Oakmont Senior Living has opened model homes at its Moorpark and Covina locations in anticipation of completion this summer. The studio, one-bedroom and two-bedroom model apartment homes will allow guests to take tours and get a first-hand glimpse into the upcoming communities. The communities offer assisted living and memory care units. The numbers of units at each were not disclosed.
GLADWYNE, Pa. — Rosette, a conversion of a single-family home into a seniors housing community, has opened its doors in Gladwyne, a Philadelphia suburb within the Main Line region that follows the former Pennsylvania Railroad track. Inspired by a pod-like senior living concept found on the West Coast, Rosette has been updated and restored for eight immobile or otherwise disabled seniors so they can live and receive assistance together as a group. Rosette’s licensed personal care model is based on real-life family living. With full-time caregivers in the home 24/7, …
TINTON FALLS, N.J. — Erickson Senior Living has named Jennifer McNamara as executive director of Seabrook, a community in Tinton Falls. McNamara has been a member of the Seabrook team for over 18 years and has served as associate executive director since 2017. McNamara started her career journey at Seabrook in 2003 as a social work. Before her role as associate executive director, she worked in various positions, including resident life director, resident life manager, senior social work manager and social worker. McNamara is a licensed clinical social worker and …
SOUTH CAROLINA — Ziegler has arranged $27.5 million in bond financing for The Lutheran Homes of South Carolina (LHSC). The borrower is a South Carolina-based nonprofit corporation that currently operates five life plan communities, three hospice offices and four non-medical in-home services agencies throughout South Carolina. LHSC operates a total of 1,077 units (409 independent living, 308 assisted living and 360 skilled nursing), ranking as the 83rd largest nonprofit senior living operator in the U.S. according to the 2021 LeadingAge Ziegler 200. First Horizon Bank, an LHSC existing banking partner, …
BELLEVUE, Wash. — Three Puget Sound-based nonprofits have come together to create CIRC, a new brand that provides affordable housing and services to seniors and families. Sustainable Housing for Ageless Generations (SHAG), the Community Life Foundation (CLF) and Downtown Action to Save Housing (DASH) have joined forces to create CIRC. All three organizations are longtime leaders in affordable housing and resident services in Puget Sound. Each component brings different expertise to the new brand, positioning CIRC to provide both housing and services to a wide range of residents. CIRC will …
SACRAMENTO — Capital Funding Group (CFG) has provided $11.3 million in bridge-to-HUD financing for the acquisition of a skilled nursing facility. The facility, which is located in Sacramento, features 121 beds. Capital Funding Group’s Tim Eberhardt and Ava Julio originated the transaction. Further details were not disclosed.
BROCKTON, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Connemara Senior Living, an 86-unit independent living, assisted living and memory care community in the Boston suburb of Brockton. The community was built in 1990. Elevation Financial Group acquired the property and plans to convert it to affordable seniors housing. The seller and price were not disclosed.
ALEXANDRIA, Va. — Watermark Retirement Communities and Silverstone Senior Living have opened The Landing, a seniors housing community in Alexandria. Development costs are estimated at $100 million. The project is located within South Potomac Yard, nearby to National Landing, Virginia Tech’s Innovation Campus and the future Inova Oakville Healthplex as well as the soon-to-be-open Potomac Yard Metro Station. Construction began in 2020 on the nine-story building. The Landing features 163 apartments with 40 units dedicated to independent living, 89 units to assisted living and 34 units to memory care. The …
ALEXANDRIA, Va. — Goodwin House Inc. (GHI) has acquired Hermitage Northern Virginia, a senior living community in Alexandria. The community is home to 100 residents across its independent living, assisted living and skilled nursing units. Pinnacle Living sold the asset for an undisclosed price. The Hermitage Northern Virginia seven-acre campus is located in the west end of Alexandria. The campus includes several structures as well as a top-floor community room with views of Washington, D.C. for private gatherings.
PHOENIX, ORLANDO and CHICAGO — The Walker & Dunlop seniors housing team has arranged three acquisitions with three different institutional partners. The transactions totaled over $150 million across 419 independent living, assisted living and memory care units. The assets are located in the Phoenix, Orlando and Chicago metro area. Walker & Dunlop’s Tony Cassie and Sam Thompson provided advisory services and facilitated the Arizona sale, while Brett Gardner, Joshua Jandris and Mark Myers provided advisory services and facilitated the Florida and Illinois sales.
