News

AcquisitionsAffordable HousingCaliforniaNews

Avanath Capital Buys Six Affordable Housing Communities in Northern California for $181.6M

by Jeff Shaw

SACRAMENTO — Avanath Capital Management has purchased six affordable multifamily and seniors housing properties in the Sacramento area for more than $181.6 million in an off-market transaction. The portfolio consists of four multifamily and two affordable seniors housing communities totaling 1,032 units. The multifamily properties include Anton Arcade at 2134 Butano Drive in Sacramento, Norden Terrace at 3685 Elkhorn Blvd. in North Highlands, The Ridge at 8151 Civic Center Drive in Elk Grove and Whitney Ranch at 711 University Ave. in Rocklin. The seniors housing properties includes Corsair Park Senior …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultDevelopmentFloridaNews

FK Architecture Designs Three Active Adult Developments in Western Florida

by Jeff Shaw

VENICE, SOUTH NAPLES and WESLEY CHAPEL, Fla. — FK Architecture, a Fugleberg Koch Company, has completed design work on three resort-style active adult communities along Florida’s West Coast. The three sites designed by FK Architecture are Solea Wellen Park in Venice, Amberlin Wiregrass Ranch in Wesley Chapel and Amberlin South Naples in Collier County. Sparrow Partners is the developer. All three communities are four stories tall. Solea Wellen Park and Amberlin Wiregrass Ranch each offer 204 units in a mix of one- and two-bedroom units. Amberlin South Naples features 188 …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsPeople

LCS promotes Greg Williams to Senior Director of Operations Management

by Jeff Shaw

DES MOINES, Iowa — LCS, a Des Moines-based owner-operator, has promoted industry veteran Greg Williams to the role of senior director of operations management. In his new role, Williams will join the Life Care Services leadership team and will oversee multi-state operations for the company. Williams’ career with Life Care Services spans more than 24 years, serving in a variety of roles including health center administrator, executive director and director of operations management. Williams holds a bachelor’s degree in economics from Earlham College.

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultCaliforniaDevelopmentFinanceNews

Cushman & Wakefield Arranges Equity, Construction Debt for $70M Avenida Folsom Project in California

by Jeff Shaw

FOLSOM, Calif. — Cushman & Wakefield has arranged $70 million in a joint venture equity and construction financing for Avenida Folsom in the Sacramento suburb of Folsom. Avenida Partners is leading the development of the active adult community. Blue Mountain Enterprises provided general partner equity, and Argosy Real Estate Partners provided limited partner equity. Comerica Bank provided the construction loan. The property will rise four stories and feature 154 units in an affluent neighborhood in Folsom. The site is adjacent to The Palladio, an open-air lifestyle shopping and entertainment center …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsSkilled NursingTexas

Blueprint Arranges Sale of Four Skilled Nursing Facilities in Texas for $28M

by Jeff Shaw

WACO, HOUSTON and FORT WORTH, Texas — Blueprint Healthcare Real Estate Advisors has negotiated the sale of four skilled nursing facilities totaling 704 licensed beds in Waco, Houston and Fort Worth. Blueprint marketed the properties on behalf of a court-appointed receiver. The assets were all built in the 1960s. A national owner acquired the properties for $28 million, and plans to lease the facilities out to multiple operators.

Continue Reading
0 FacebookTwitterLinkedinEmail
InvestmentNewsPeople

Lloyd Jones Adds Four to Seniors Housing Team

by Jeff Shaw

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. …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceNewsTexas

Ziegler Arranges $197.7M Bond Financing for The Outlook at Windhaven in Plano, Texas

by Jeff Shaw

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

Kim Lody Steps Down at Sonida, Brandon Ribar Promoted from COO to CEO

by Jeff Shaw

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsVirginia

Goodwin Living Acquires Hermitage Northern Virginia in Alexandria

by Jeff Shaw

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts