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Claiborne Hires Ryan Robertson as Vice President of Project Development

by Jeff Shaw

HATTIESBURG, Miss. — Claiborne Senior Living, a Hattiesburg-based operator has hired Ryan Robertson as vice president of project development. Robertson oversees all aspects of the organization’s community developments from conception to groundbreaking to doors opening. Robertson brings more than a decade of proven leadership experience in seniors housing development and operations. Most recently, he served as senior vice president of seniors housing operations for Grovont Partners, a real estate development and investment firm. Prior to joining Grovont, he served as vice president of operations for Bridge Investment Group, where he led …

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CaliforniaDevelopmentNews

R.D. Olson Construction Breaks Ground on 70-Unit Heritage Square South in Pasadena

by Jeff Shaw

PASADENA, Calif. — R.D. Olson Construction, on behalf of owner BRIDGE Housing, has broken ground on Heritage Square South, a seniors housing property located at 710 N. Fair Oaks Ave. in Pasadena. Slated for completion by September 2023, the $28 million, 70,000-square-foot community will feature three three-story buildings offering 69 one-bedroom units and one two-bedroom unit. The three buildings are interconnected with walking bridges. Onsite amenities will include walking trails, flex rooms, a community room and 2,200 square feet of retail space. Additionally, the site has a bus stop on …

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FinanceNewsOhio

Ziegler Arranges $24.4M Bond Financing for 506-Unit Eliza Jennings Portfolio in Ohio

by Jeff Shaw

OLMSTEAD FALLS, WESTLAKE and CLEVELAND, Ohio — Ziegler has arranged $24.4 million in bond financing for Eliza Jennings, a nonprofit owner with three campuses in the greater Cleveland area. The Renaissance, located on 88 acres in Olmsted Falls, opened its facilities in 1989 and features a total of 314 units of senior living and care. The Devon Oaks campus was established in 2000 and operates a 66-unit assisted living facility (12 designated for memory care) in Westlake. Eliza Jennings Home was originally established in 1888, incorporated in 1922, and owns …

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Legal IssuesNewsPeople

CareTrust REIT Promotes James Callister to Executive Vice President

by Jeff Shaw

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE: CTRE), a San Clemente-based healthcare real estate investor, has promoted James Callister from general counsel to executive vice president. Callister has been with the company since 2021. His primary focus is working with the company’s acquisitions team in structuring and negotiating new equity and debt investments. He has also been part of the company’s legal and corporate functions, asset and portfolio management matters, and tenant relationships. Prior to joining CareTrust, Callister worked as a real estate attorney and a partner at the …

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Active AdultAffordable HousingDevelopmentMichiganNews

Lockwood Breaks Ground on $45M Community in Ann Arbor, Michigan

by Jeff Shaw

ANN ARBOR, Mich. — Lockwood Cos. has broken ground on Lockwood of Ann Arbor, a 154-unit seniors housing community in Ann Arbor. The three-story, 168,130-square-foot building includes 65 units dedicated as affordable housing. Development costs were estimated at $45 million. Rents will range from $864 for a one-bedroom apartment to $2,750 for a two-bedroom apartment.

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AcquisitionsMinnesotaNewsSkilled Nursing

Blueprint Negotiates Sale of Two Skilled Nursing Facilities in Minnesota

by Jeff Shaw

MINNEAPOLIS — Blueprint Healthcare Real Estate Advisors has negotiated the sale of two skilled nursing facilities totaling 234 beds in Minnesota. A Minnesota-based regional owner-operator sold the properties to a national owner looking to expand its tenant relationships in the state. The price was not disclosed. One facility is located within the Minneapolis metro area, while the second is located approximately 2.5 hours north of the Twin Cities. Both facilities were of older vintage, having originally been built in the early to mid 1960s, though both had recently undergone renovations …

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AcquisitionsAssisted LivingKentuckyNews

SLIB Brokers Sale of 92-Unit Portfolio in Bowling Green, Kentucky

by Jeff Shaw

BOWLING GREEN, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sales of two seniors housing communities totaling 92 units in Bowling Green. The assets include the 61-unit Chandler Park Assisted Living and the 31-unit Chandler Memory Care. The properties are 2.5 miles from each other. The seller is a commercial real estate development company based out of Bowling Green. The buyer is a Midwest-based owner-operator looking to strategically add to its existing footprint throughout the Midwest. The price was not disclosed. Daniel Geraghty and Bradley Clousing handled the …

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NewsPeople

Monarch Adds Kelley Arrington, Debbie Reilly to Management Team

by Jeff Shaw

WHITE MARSH, Md. — Monarch Communities, a White Marsh-based owner-operator, has added two to its management team. Kelley Arrington was appointed operations specialist overseeing regulatory compliance and quality assurance. Arrington previously was vice president of operations for Wickshire Senior Living based in Brentwood, Tennessee, where she was responsible for all operational aspects for 20 new communities. She brings over 27 years of senior living experience to this position. Debbie Reilly was named project manager. Reilly has worked as project manager working on renovations and development of new communities in various …

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AcquisitionsCCRCNew JerseyNews

ESI Arranges Sale of 212-Unit Hudson Hills CCRC in North Bergen, New Jersey

by Jeff Shaw

NORTH BERGEN, N.J. — Evans Senior Investments (ESI) successfully represented the sale of Hudson Hills Senior Living, a 212-unit continuing care retirement community (CCRC) in North Bergen, just across the Hudson River from Manhattan. Hudson Hills was originally constructed in 1897, with additional expansions in 1942, 1972, 1980 and 1990. The community features 59 independent living units, 81 assisted living units, 12 memory care units and 60 skilled nursing beds. ESI represented the seller, an independent owner-operator based in New Jersey. The buyer was an East Coast owner/operator expanding in …

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DevelopmentNew JerseyNewsSkilled Nursing

Spiezle Completes 75,000 SF Addition to Parker at Somerset in New Jersey

by Jeff Shaw

SOMERSET, N.J. — Spiezle Architectural Group Inc. has completed an expansion project at the Parker at Somerset Senior Healthcare Center in Somerset, approximately 35 miles southwest of Manhattan. The project added 75,000 square feet to the 120-bed skilled nursing facility, and also included renovations to the existing building. “While construction was underway, we had to redirect and rethink how to address the impacts of the COVID pandemic,” says Steve Leone, principal at Spiezle, who led the design effort on the project. “That forced us to dive deeply into researching how …

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