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AcquisitionsFloridaGeorgiaNews

Blueprint Brokers Sale of Two Arbor Communities in the Southeast

by Jeff Shaw

CANTON, Ga., and AMELIA ISLAND, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sales of two seniors housing communities in the Southeast. The first property is The Arbor at Bridgemill, opened in 2018 and featuring 206 units in the Atlanta suburb of Canton. The second asset is The Lakeside at Amelia Island, opened in 2019 and featuring 187 units in the tourist destination of Amelia Island, just northeast of Jacksonville. Aspire Development Partners built the communities, which The Arbor Company operates. The buyer and price were not disclosed.

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IndianaNewsOperationsPeople

Sunshine Names Erika Hamilton as Executive Director of Heritage Point in Mishawaka, Indiana

by Jeff Shaw

MISHAWAKA, Ind. — Sunshine Retirement Living has named Erika Hamilton as executive director at Heritage Point Assisted Living and Memory Care in Mishawaka, a suburb of South Bend near the Michigan border. Hamilton is a licensed healthcare facility administrator (HFA) with nearly a decade of experience in the senior living and healthcare industries. As executive director, Hamilton is responsible for all day-to-day management and operations of the community, including financials, marketing, government and community relations. She will also oversee all health and safety programs including new heightened procedures and protocols …

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Assisted LivingDevelopmentMichiganNews

Anthology Opens 92-Unit Community in Farmington Hills, Michigan

by Jeff Shaw

FARMINGTON HILLS, Mich. — Anthology Senior Living has opened the doors on Anthology of Farmington Hills, a seniors housing community in Farmington Hills, approximately 20 miles northwest of Detroit. The new 80,000-square-foot senior living community features 92 apartments and provides assisted living and memory care. Anthology has locations around the country, and its other Michigan locations include Novi, Northville, Rochester Hills and Troy. According to a recent report by the U.S. Census Bureau, almost 20 percent of the Oakland County population has already reached age 65 and older, a number …

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NewsPeople

LRS Architects Promotes Ray Yancey to Principal

by Jeff Shaw

PORTLAND, Ore. — LRS Architects Inc., a Portland-based architecture firm, has promoted Ray Yancey from director of senior living to principal. A licensed architect in six western states, Yancey has over 30 years of experience in the field. During his time as LRS he has made significant contributions to senior living projects. Yancey has his bachelor’s degree in architecture from the University of Oregon.

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Active AdultDevelopmentFloridaNews

RangeWater Plans 175-Unit Olea Beach Haven Active Adult Community in Jacksonville

by Jeff Shaw

JACKSONVILLE, Fla. — RangeWater Real Estate has acquired a 6.4-acre property in Jacksonville with plans to build an active adult community on the site. RangeWater plans to break ground in early 2022 on Olea Beach Haven. Plans call for a 175-unit, age-restricted community with one-, two- and three-bedroom units. Founded in 2006, RangeWater acquires, develops, manages and invests in multifamily communities across the Southeastern and Southwestern United States, with a $5.4 billion portfolio. RangeWater opened its first two Olea properties in Florida in August 2020 and says it experienced high …

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AcquisitionsMemory CareNewsOklahomaTexas

Blueprint Negotiates Sale of Two Memory Care Communities in Oklahoma, Texas

by Jeff Shaw

OKLAHOMA and TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two Class A memory care communities. The properties were built in the Oklahoma City and Dallas metro areas, delivering in 2016 and 2018. The portfolio totals 76 units. Both assets leased-up rapidly and demonstrated consistent upward trending operational performance throughout the COVID-19 pandemic, with occupancies exceeding 95 percent while generating $5.9 million in total revenue and $1.9 million in EBITDAR representing a 32.5 percent operating margin. The developer/operator sold the properties to a new partner in …

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CCRCNewsPeopleVirginia

Pinnacle Living Promotes Michael Shaw to Vice President of CCRC Operations

by Jeff Shaw

RICHMOND, Va. — Pinnacle Living has promoted Michael Shaw from an executive director position to vice president of continuing care retirement community (CCRC) operations. In this role, Shaw will support executive directors in the five Pinnacle Living communities across Virginia. He was previously the executive director at Cedarfield, a 90-acre CCRC in Henrico County, Virginia. Pinnacle hired Paul Gregg to fill the vacancy left by Shaw’s promotion. He holds a master’s degree in aging services and nonprofit management from North Carolina State University, as well as a bachelor’s degree from …

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ColoradoDevelopmentNews

Experience Senior Living Plans 200-Unit Reserve at Lone Tree in Colorado

by Jeff Shaw

LONE TREE, Colo. — Experience Senior Living Development (ESLD), a NexCore-owned company, has unveiled plans for The Reserve at Lone Tree, a 200-unit seniors housing community in Lone Tree, approximately 15 miles south of Denver. Construction is scheduled to begin on the nine-story property in the fourth quarter of this year for completion in 2024. The community will feature 125 independent living units, 60 assisted living units and 24 memory care units. The site is located within RidgeGate, a 3,500-acre mixed-use community. Independent living units will be up to 1,650 …

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FinanceLouisianaNews

Live Oak Provides $33.5M Loan for Claiborne Property in Baton Rouge, Louisiana

by Jeff Shaw

BATON ROUGE, La. — Live Oak Bank has closed a $33.5 million loan for Claiborne Senior Living. The financing facilitated a partner buyout for a Class A, 213-unit independent living, assisted living and memory care community, built in 2017 and located in Baton Rouge. Claiborne Senior Living took over management of the property at the beginning of 2021, and has since added net 41 residents through November 2021. Locust Point Capital partnered with Claiborne to complete the capital stack, providing a preferred equity investment. Approximately $1.8 million in loan proceeds …

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FinanceFloridaNews

Grandbridge Arranges $19.5M Refinancing for Starling at San Jose in Jacksonville, Florida

by Jeff Shaw

JACKSONVILLE, Fla. — Grandbridge Real Estate Capital has arranged $19.5 million in financing for Starling at San Jose, a seniors housing community in Jacksonville. The financing retired a bridge loan with Grandbridge’s parent company, Truist Bank. The community was built in 2017. Further details about the property were not disclosed. Richard Thomas and the Grandbridge’s Atlanta-based Seniors Housing and Healthcare Finance team arranged the financing.

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