MIAMI — Lloyd Jones, a Miami-based investor, has added four members to its seniors housing team. Sarah Curatella was hired as regional vice president of health and wellness for senior living. She has over 28 years of experience as a registered nurse and assisted living administrator in Alabama. She is also a Certified Legal Nurse Consultant. Brian Griffith was hired as regional director of senior living sales. He has 14 years of experience in healthcare sales, leadership and business development. Linda Pisacano was hired to the senior living transition team. …
PLANO, Texas — Ziegler has arranged $197.7 million in bond financing for the Outlook at Windhaven Forefront Living, a seniors housing community in Plano. The property is currently in the development process. Designs call for 153 independent living apartments, 30 independent living cottages, 32 assisted living units and 24 memory care units. The proceeds will be used to refinance the cost of acquiring, developing and constructing the retirement community. The borrower is Forefront Living, formerly known as Presbyterian Communities and Services. The financing comprises $109.5 million of tax-exempt bonds, $88.2 …
DALLAS — After eight years with the company and over three years as CEO, Kimberly Lody will step down from Sonida Senior Living Inc. (NYSE: SNDA), a Dallas-based owner-operator. In accordance with the company’s succession plan, Brandon Ribar, the company’s chief operating officer (COO), has been appointed president and CEO, effective Sept. 2. Lody will continue to serve in her current role through Ribar’s start date to ensure a smooth transition. Ribar has also been appointed to succeed Lody as a member of the company’s board of directors. “As Sonida …
ALEXANDRIA, Va. — Goodwin Living has acquired Hermitage Northern Virginia, a senior living community in Alexandria. Pinnacle Living previously owned and operated the community, which features 100 units of independent living, assisted living and skilled nursing. Hermitage Northern Virginia becomes the third Goodwin Living senior living community in metro Washington, D.C. It will be renamed The View Alexandria by Goodwin Living. Joshua Bagley, administrator and guide of the Health Care Center at Goodwin House Alexandria, will serve as interim executive director at the community. The View Alexandria by Goodwin Living …
BOISE, Idaho — Blueprint Healthcare Real Estate Advisors has arranged the sale of Regency Columbia Village, a 60-unit seniors housing community in Southeast Boise. Regency Columbia Village consists of four pods with 15 units each. The type of care was not disclosed. The Cottages acquired the property from an undisclosed seller for an undisclosed price.
NAPA, Calif. — Chancellor Health Care Inc. has assumed operations and management The Inn on Villa Lane in Napa. Formerly known as Brookdale Napa, the community features 64 assisted living units and 14 memory care units. Kimberly Humphrey will stay on as executive director.
DAYTON, Ohio — Related Affordable, a division of Related Cos., has completed the renovation project at Biltmore Towers, an affordable seniors housing community in Dayton. Partners on the project include St. Mary Development Corp., Ohio State Historic Preservation Office, City of Dayton, U.S. Department of Housing and Urban Development (HUD), Ohio Housing Finance Agency (OHFA) and Dayton/Montgomery County Port Authority. Opened in 1929, Biltmore Towers was once considered one of the most prominent hotels in America, hosting the likes of John F. Kennedy and Elvis Presley. The property was converted …
WALNUT CREEK, Calif. — Kisco Senior Living has acquired The Kensington at Walnut Creek, an assisted living and memory care community in the Bay Area city of Walnut Creek. The Kensington will serve as Kisco’s second community in Walnut Creek, along with sister community Byron Park. The property features 184 one- and two-bedroom units.
SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE: CTRE), a San Clemente-based owner, has extended a $22.3 million secured loan in connection with the acquisition of a five-asset skilled nursing portfolio in California. The portfolio includes approximately 600 skilled nursing beds. The names and locations were not disclosed. The loan carries a three-year maturity with two one-year extensions and an annual SOFR-based interest rate with a minimum floor of approximately 8.5 percent. “On the heels of our recent loan funding in the Mid-Atlantic last month, we are excited to support …
COVINGTON, Ky. — Fairstead has completed a $4.5 million overhaul of Colony Apartments, a 43-year-old affordable seniors housing community in Covington, located just across the Ohio river from Cincinnati. Residents of the 137-unit complex received home upgrades, including new kitchens, bathrooms, cabinetry, energy-efficient appliances and lighting, as well as lower monthly utility bills. Fairstead also partnered with local organizations to bolster on-site support services at the property. Financing for the rehabilitation of Colony Apartments came from the Kentucky Housing Corp., Capital One and Boston Financial. “Kentucky Housing Corp. was proud …