DALLAS — Sonida Senior Living Inc. (NYSE: SNDA), an operator based in Dallas, has hired Howard Garfield and Debbie Milligan as chief accounting officer and director of financial reporting. Most recently, Garfield was senior vice president, finance, treasurer and chief accounting officer for CorePoint Lodging Inc., a publicly traded real estate investment trust (REIT) with a geographically diverse portfolio. Prior to that, he served as the chief financial officer and chief accounting officer for Monogram Residential Trust for nearly a decade. Milligan also hails from CorePoint Lodging Inc. where she …
BRENTWOOD, Tenn. — Meridian Realty Advisors LP and Integral Senior Living have opened Cloverland Park Senior Living, a 100-unit seniors housing community in the Nashville suburb of Brentwood. Partners on the project include Pi Architects, SCI Construction, Thomas & Hutton, TDI Engineering and MEP Associates Design Group Inc. Located on 6.6 acres, Cloverland features 72 assisted living and 28 memory care units. “As part of this project, we donated seven acres of land to the city of Nashville for a planned park and walking trail site and look forward to …
VININGS, Ga. — Charter Senior Living has taken over operations at The Social at Vinings, a seniors housing community in the first-ring Atlanta suburb of Vinings. The new operator has changed the name of the community to Charter Senior Living of Vinings. The change in management will increase the portfolio of Charter Senior Living retirement communities to more than 40 throughout the United States.
COLLINGSWOOD, N.J. — Kitchen & Associates (K&A), a multidisciplinary design firm, has appointed Matthew Bartner as managing principal. Bartner, who previously served as principal and director of operations, succeeds Stephen Schoch, who will remain a principal of the firm. As managing principal, Bartner is responsible for maintaining the firm’s position as a leader of integrated design services across key markets and verticals. Bartner and the executive leadership team will be particularly focused on growth in the affordable and student housing sectors. Based in Collingswood, K&A designs properties for the affordable, …
FORT MYERS, Fla. — Ziegler has arranged $68 million in financing for Cypress Cove at HealthPark Florida, a continuing care retirement community in Fort Myers. The community currently features 377 independent living units, 44 assisted living units, 44 memory support units and 64 skilled nursing units on a 48-acre campus. The financing will fund the addition of a 12-acre gated community known as The Oaks at Cypress Cove, which will include 24 independent living villas, 24 independent living apartments and new common areas in a five-story building. The financing comprises …
VINCENNES, Ind. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Gentlecare of Vincennes, a 60-bed skilled nursing facility in Vincennes, along the Illinois border approximately equidistant from Indianapolis, Louisville and St. Louis. A private mom-and-pop seller looking to retire sold the community to The Strategies, an Indiana-based owner-operator, for an undisclosed price. Ryan Saul of SLIB led the transaction.
IRVINE, Calif. — Avanath Capital Management LLC, an Irvine-based multifamily owner and operator that focuses on affordable and workforce housing, including for seniors, has promoted current CFO Wesley Wilson to partner. The move makes Wilson the youngest partner in the firm’s history. In addition, Patricia Gaudin was promoted from senior vice president of human resources to executive vice president of human resources. Wilson will be responsible for managing the firm’s new open-ended fund with over $536 million in equity commitments, serving as the firm’s sole investment vehicle moving forward. Coupled …
CLOVIS, N.M. — Mission Senior Living has acquired Wheatfields Estates Senior Living and Memory Care at 4701 N. Prince St. in Clovis, located in the eastern portion of the state near the Texas border. Wheatfields Estates offers independent living cottages, assisted living, memory care and respite care for seniors. Terms of the transaction were not released. The acquisition brings Mission Senior Living’s portfolio to seven properties in three states, including Three Rivers Estates Senior Living and Memory Care property, currently under construction in Farmington.
NORTH BRUNSWICK, N.J. — Kaplan Cos. has opened Amaranth at North Brunswick, a 222-unit active adult community in North Brunswick, approximately midway between New York City and Philadelphia. Apartments range from 823 to 1,397 square feet. The property is Kaplan’s first active adult community. The company is already underway on its second Amaranth development in nearby East Windsor.
PHOENIX — Merrill Commercial Real Estate has arranged the sale of a 301-unit seniors housing community in Phoenix. The 300,000-square-foot property offers both independent living and assisted living. The seller invested $20 million in capital improvements to convert the former Embassy Suites Hotel to the resort style property it is today. An independent owner-operator sold the asset to a development group looking to expand in Arizona for $45 million, which represents a capitalization rate of 4.5 percent and per-unit cost of $149,500 Tyler Merrill led the transaction.