BLUFFTON, S.C. — MidCap Financial has provided a $20.6 million financing to recapitalize Vineyard Bluffton, a 96-unit assisted living and memory care community in Bluffton, just inland from Hilton Head Island. The borrower is Valeo Groupe Americas, which recently built the community. This is Valeo Groupe’s first transaction with MidCap Financial. The transaction was arranged through Peter Martz and Noam Kaminetzky of Meridian Capital Group.
LAKE OSWEGO, Ore. — Anthem Memory Care, an owner-operator based in Lake Oswego, has appointed Sheila Carwile as vice president of operations for Region 2. In this position, she is responsible for the overall management and performance of nine memory care communities in Ohio, Michigan, Minnesota, Washington and Utah. Carwile previously was regional operations consultant with 12 Oaks Senior Living in Dallas, where she revised and implemented the memory care programing throughout Texas and Oklahoma. She also served as regional director of operations with Civitas Senior Living in Fort Worth. …
NAPLES, Fla. — FK Architecture has broken ground on three affordable housing projects in Naples, located on the Gulf Coast in South Florida. The projects are named Harmony on Santa Barbara, Allegro at Hacienda Lakes, and Cadenza at Hacienda Lakes. “Affordable housing is a critical need throughout the United States,” says Ted Hunton, managing principal at FK Architecture. “Housing costs have exploded over the past few years. We fully expect these projects to establish long-lasting communities in the years to come.” Allegro and Cadenza at Hacienda Lakes are adjacent senior …
OHIIO and PENNSYLVANIA — Blueprint Healthcare Real Estate Advisors has brokered the sale of five skilled nursing facilities totaling 347 beds in Ohio and Pennsylvania. The seller was a public REIT and its operating partner. The seller and price were not disclosed.
CHICAGO — Green Courte Partners LLC, a Chicago-based private equity firm that includes seniors housing has promoted eight of its team members. The company promoted Jon Pollan to managing director of acquisitions and Josh Reichert to managing director of portfolio management. Pollan joined Green Courte in 2013 as an associate focusing on acquisitions and asset management. He was promoted to senior associate in 2015 and vice president in 2018. As a managing director, Pollan will be responsible for sourcing and leading new acquisitions for Green Courte’s near-airport parking company, The …
SANTA FE SPRINGS, Calif. — SVA Architects, along with development partners The Richman Group Inc., The Whole Child and Habitat for Humanity, has received entitlements for the construction of Lakeland & Laurel, an intergenerational affordable housing community in the Los Angeles suburb of Santa Fe Springs. The project encompasses more than an entire city block and will feature three distinct housing communities consisting of intergenerational affordable apartments, interim transitional housing and for-sale townhomes. The development will cost the city approximately $110,000 per unit for 139 units, and a groundbreaking for …
MEDFORD and EUGENE, Ore., and BUTTE and BILLINGS, Mont. — Harrison Street has completed the disposition of five senior housing properties valued at $193.5 million to The Springs Living. The properties were held across several of Harrison Street’s U.S Opportunity Funds and related co-investment vehicles. The portfolio consists of 622 independent living, assisted living and memory care units in Medford, Eugene, Butte and Billings. As of December 2021, the properties had an average occupancy of 93 percent. Further details on the properties were not disclosed.
CHICAGO — Vi, a Chicago-based developer, owner and operator of 10 luxury senior living communities across the U.S., announced that Randy Richardson will retire as president effective May 31. Richardson will remain in an advisory role through the end of the year, and current CFO Gary Smith will succeed him as president. Smith, Vi’s most tenured executive management team member, has served as CFO for more than 20 years. Prior to joining Vi, Smith served as vice president of finance for an affiliate of JMB Realty Corp., where he was …
MADISON, N.J. — Cambridge Realty Capital Cos. has provided a $10.7 million HUD-insured loan for Pine Acres Healthcare & Rehabilitation Center, a 102-bed skilled nursing facility in Madison, approximately 40 miles west of Manhattan. Pine Acres is a long-term care facility and rehabilitation center offering a variety of post-operative services and amenities, including private and semi-private rooms. The loan refinances existing debt.
GAINESVILLE, Fla. — SantaFe Senior Living, a Gainesville-based operator of three senior living communities in North Central and South Florida, has appointed Ron Jennette as its new president and chief operating officer. Jennette will oversee The Village at Gainesville, The Terraces at Bonita Springs and East Ridge at Cutler Bay. The organization is part of the larger SantaFe HealthCare organization. He will report to Larry Schreiber, president and CEO for all affiliated businesses of SantaFe HealthCare. Jennette has been in the senior living industry since 1994, both as a CFO …