BROCKTON, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Connemara Senior Living, an 86-unit independent living, assisted living and memory care community in the Boston suburb of Brockton. The community was built in 1990. Elevation Financial Group acquired the property and plans to convert it to affordable seniors housing. The seller and price were not disclosed.
ALEXANDRIA, Va. — Watermark Retirement Communities and Silverstone Senior Living have opened The Landing, a seniors housing community in Alexandria. Development costs are estimated at $100 million. The project is located within South Potomac Yard, nearby to National Landing, Virginia Tech’s Innovation Campus and the future Inova Oakville Healthplex as well as the soon-to-be-open Potomac Yard Metro Station. Construction began in 2020 on the nine-story building. The Landing features 163 apartments with 40 units dedicated to independent living, 89 units to assisted living and 34 units to memory care. The …
ALEXANDRIA, Va. — Goodwin House Inc. (GHI) has acquired Hermitage Northern Virginia, a senior living community in Alexandria. The community is home to 100 residents across its independent living, assisted living and skilled nursing units. Pinnacle Living sold the asset for an undisclosed price. The Hermitage Northern Virginia seven-acre campus is located in the west end of Alexandria. The campus includes several structures as well as a top-floor community room with views of Washington, D.C. for private gatherings.
PHOENIX, ORLANDO and CHICAGO — The Walker & Dunlop seniors housing team has arranged three acquisitions with three different institutional partners. The transactions totaled over $150 million across 419 independent living, assisted living and memory care units. The assets are located in the Phoenix, Orlando and Chicago metro area. Walker & Dunlop’s Tony Cassie and Sam Thompson provided advisory services and facilitated the Arizona sale, while Brett Gardner, Joshua Jandris and Mark Myers provided advisory services and facilitated the Florida and Illinois sales.
IRVINE, Calif. — NewPoint Real Estate Capital LLC has hired Sean Huntsman as senior managing director of seniors housing originations and Katherine Stewart as managing director and lead for NewPoint’s seniors housing agency platform. The team will target expansion into the Fannie Mae and Freddie Mac seniors housing space in addition to originating proprietary bridge loan solutions for independent living and assisted living properties. Huntsman and Stewart will be based in NewPoint’s new Irvine office. With a career origination volume totaling more than $5 billion, Huntsman brings more than 30 …
HAZELWOOD, Mo. — A partnership including Roanoke Construction Inc., The Oakland Group LLC, The Unicorn Group LLC and BTWF Urban Initiative has broken ground on Elm Ridge Senior Living, a mixed-income senior living community in Hazelwood, a suburb of St. Louis. Construction is financed in part by resources from Missouri Housing Development Commission and private investors and lenders including St. Louis Equity Fund, Sugar Creek Capital and Legacy Bank and Trust. Once complete, the elevator-served building will feature 50 one- and two-bedroom apartments for seniors 55 years of age and …
WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based REIT that primarily invests in seniors housing and health care properties, has made a $36 million investment for the refinancing of debt on four assisted living communities and a land parcel. The four assisted living communities located in North Carolina have a combined total of 217 units and are operated by an existing LTC partner. The communities are newly constructed with an average age of under four years. The land parcel includes approximately 7.6 acres adjacent to one …
ROCKWALL, Texas — Ridgeline Management Co. has moved its home office from West Linn, Oregon, to Rockwall, Texas. Ridgeline expects this move to allow them to better serve their expanding portfolio, especially in Texas. “Transitioning our home office is just one part of Ridgeline’s recent steps to reorganize our resources in an effort to become more competitive and more nimble in the market,” says Tod Murray, chief operating officer.
GROVE CITY, Ohio — Treplus Communities has started construction of Dogwood Commons, a 105-unit active adult community in the Columbus suburb of Grove City. A groundbreaking ceremony was held Thursday, May 19, at the 21-acre site.
IRVINE, Calif. — American Healthcare REIT Inc., a self-managed, publicly registered REIT based in Irvine, has appointed Stephanie Keator as senior vice president of asset management medical office and James Kim as senior vice president of tax. In her new role, Keator oversees all medical office buildings within the eastern region of American Healthcare REIT’s portfolio. She joins the company from Ventas (NYSE: VTR), where she served as director of asset management for the west region. Keator previously served in a similar capacity with Nationwide Health Properties Inc. prior to …