HAMMOND, La. — Phoenix Senior Living (PSL) has completed an independent living at The Phoenix at Hammond in the New Orleans suburb of Hammond. PSL opened the community in 2021 with assisted living and memory care services available. PSL realized the town is underserved in the independent senior living space, so added 24 independent living apartments, which are now open. First Guaranty Bank is the lending partner for this project.
RENTON and OCEAN SHORES, Wash. — Blueprint Healthcare Real Estate Advisors has arrange the sale of two seniors housing communities in the Seattle suburb of Renton and Ocean Shores, located along the Pacific Coast approximately 140 miles west. The Renton community features 80 assisted living units and was built in 1983. The property has exceeded 95 percent occupancy for the past three years. The Ocean Shores community comprises 50 assisted living units built in 1998, and maintained occupancy in excess of 96 percent over the last three years. A Washington-based …
HAMILTON, N.J. — Inspired Healthcare Capital (IHC) has acquired Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community located in the Trenton suburb of Hamilton. Further details were not disclosed. IHC is an Arizona-based private real estate investment firm that focuses on the seniors housing sector. This was IHC’s fourth acquisition in 2022, after closing on nine seniors housing transactions in 2021.
TEMECULA, Calif. — Capital Funding Group (CFG) has provided a $32.9 million construction loan for the ground-up development of Varenita of Temecula. The 108-bed assisted living and memory care facility is located in Temecula, within Riverside County between Los Angeles and San Diego. The borrower and developer is Griffin Living. Brightwater Senior Living will operate the facility upon completion. The financing features a Commercial Property-Assessed Clean Energy (CPACE) structure, which allows building owners to borrow money for energy efficiency, renewable energy, or other projects and make repayments via an assessment …
SEATTLE — Aegis Living has opened its 35th community, Aegis Living Greenwood, in the Greenwood neighborhood of Northwest Seattle. The 89,000-square-foot property features 96 units. The five-story building is inspired by the neighborhood and built with Tudor Revival architecture, a classic style most popular in the United States in the 1920s and ‘30s. Ankrom Moisan was the architecture firm and Venture was the general contractor. Aegis has several additional communities in development, including a community in the Eastlake neighborhood of Seattle opening next month.
WEST HARTFORD, Conn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Hamilton Heights Senior Living, a 113-unit independent living and memory care community in West Hartford. Formerly known as Mount St. Joseph Academy, a Roman Catholic boarding school for girls, the property was adapted into an independent living, assisted living and memory care community in 1997. The original academy was built in 1905 by well-known Hartford architect John J. Dwyer, and is currently on the National Register of Historic Places. Hamilton Heights is situated on a large …
HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 300-unit independent living community in Houston. The community is approximately 206,000 square feet in total and is situated on approximately 7.6 acres of land. The seller is an owner-operator that wanted to sell a non-core asset to focus on its senior living and skilled nursing assets. The buyer is a California-based real estate owner. The price was not disclosed. The buyer hired a third-party manager that operates several independent living communities in Texas. The property shares services …
MCLEAN, Va. — Sunrise Senior Living, a McLean-based operator, has appointed Jeff Kuster to its board of directors. Julie Dobson, who has served on Sunrise’s board since 2018, was also named chair. She succeeds Jeff Lozon, who is retiring and rotating off the Sunrise board after seven years of service. Kuster has more than 30 years of global leadership and brand experience and currently serves as chief executive officer at Canyon Ranch, a wellness guidance company with resorts and retreats where guests are guided by experts across a range of …
NEW YORK CITY — Breaking Ground has opened Betances Residence, an affordable supportive living community in the South Bronx area of New York City. The community features 152 units in a 120,000-square-foot buildingin the Mott Haven neighborhood. Betances is Breaking Ground’s first Passive House-certified project, and among only a handful of supportive residences in the city to embrace the energy use standard. The Betances development is part of a commitment by the New York City Housing Authority (NYCHA) and New York City Department of Housing Preservation and Development (HPD) to …
NEW MEXICO — Blueprint Healthcare Real Estate Advisors has brokered the sale of an 85-bed skilled nursing facility in New Mexico. The property is one of New Mexico’s premier short-term rehab facilities, serving as the market-leading referral destination for the local market’s largest hospitals, according to Blueprint. It also features a 4-Star CMS-rated quality of care. The facility was experiencing census growth following an operator transition in 2019 as well as upward trending operating performance with total revenues exceeding $8.5 million. A regional owner-operator acquired the property. The seller and …