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Active AdultDevelopmentNewsOperationsTennessee

Greystar to Manage Album Indian Lake Active Adult Community in Hendersonville, Tennessee

by Jeff Shaw

HENDERSONVILLE, Tenn. — Greystar has been awarded management of Album Indian Lake in the Nashville suburb of Hendersonville. Avenida is currently developing the property. “Album Indian Lake is an active adult community, providing an active lifestyle for likeminded adults in a similar life stage; this doesn’t exist in Hendersonville currently,” says Ally Hackney, senior regional property manager. “There is a need for this type of housing as we see more and more active adults looking to right-size their living environment, live a maintenance-free lifestyle and meet new friends within a …

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MississippiNewsPeopleSouth Carolina

Claiborne Senior Living Hires Two New Executive Directors for Communities in Southeast

by Jeff Shaw

SUMMERVILLE, S.C., and MCCOMB, Miss. ­— Claiborne Senior Living has hired Candy Cure as the executive director of The Claiborne at Brickyard Crossing, a new 142-unit seniors housing community set to open in mid-2022 in Summerville. Cure comes to Claiborne from a stint as senior executive director at Harmony Senior Services in Charleston. Joining Cure at Brickyard as community relations director is Teresa Hamlett. Hamlett previously served as director of sales and marketing at two other communities in the greater Charleston area. Meanwhile, Randall Wilson has assumed the role of …

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FeaturesNewsOperationsTechnology

Smart Tech Implementation Can Make Operations More Efficient, Say Webinar Panelists

by Jeff Shaw

Implementing technology is a tricky proposition for seniors housing operators. Will the return justify the expense? Will staff learn and use the technology? Will residents use it and like it? Perhaps most importantly, will it drive more efficiency and allow fewer employees to do more during a labor crisis? If a purchase is to be worthwhile, the answer to all of those questions should be “yes.” That was the message of panelists on a recent webinar entitled “Rethinking Seniors Housing Resident Engagement — Technology that Improves Staff Efficiencies while Enhancing …

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DevelopmentNewsTexas

Three Starts Construction of Touchmark at 271-Unit Touchmark at Emerald Lake in McKinney, Texas

by Jeff Shaw

MCKINNEY, Texas — Architecture firm Three has completed design and started construction of Touchmark at Emerald Lake, a seniors housing community in the northern Dallas suburb of McKinney. Located on 81 acres, the community will be built in two phases. The first phase will feature 149 independent living apartments, six casitas (duplex residences), 84 assisted living and 32 memory care residences. Thirty-two of the assisted living homes will be studios offering a smaller neighborhood environment and higher resident-to-staff ratio. A future phase will add a health and fitness center with …

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CCRCFinanceFloridaNews

Ziegler Arranges $16.6M Bond Refinancing for Oak Hammock at the University of Florida

by Jeff Shaw

GAINESVILLE, Fla. — Ziegler has arranged $16.6 million in bond financing for Oak Hammock at the University of Florida, a nonprofit continuing care retirement community in Gainesville. The community sits on an approximately 135-acre campus and consists of 269 independent living units, 46 assisted living units, 24 memory care units and 73 skilled nursing beds. The proceeds of the bonds will be used to refinance outstanding 2017 debt and finance approximately $1.9 million of capital expenditures. The 2021 bonds will be followed by the $39 million in bonds scheduled for …

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AcquisitionsAssisted LivingNewsWest Virginia

ESI Brokers $7.1M Sale of SweetBriar Assisted Living in Dunbar, West Virginia

by Jeff Shaw

DUNBAR, W.V. — Evans Senior Investments (ESI) has arranged the sale of SweetBriar Assisted Living, a 65-unit assisted living and memory care community, for $7.1 million, or $110,000 per unit. The community is located in Dunbar, five miles east of Charleston. It was originally built in 1990, and underwent additional expansions in 1999, 2003 and 2007. Today the community has 75 functional beds and 85 licensed beds, and the resident base is 100 percent private pay. At the time of marketing, the community was averaging 95 percent functional bed occupancy …

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AcquisitionsAssisted LivingFloridaNews

Coldwell Banker Negotiates $8.2M Sale of Watermark of Gulf Breeze in Florida

by Jeff Shaw

GULF BREEZE, Fla. — Coldwell Banker Commercial has arranged the sale of Watermark of Gulf Breeze, an assisted living facility in Gulf Breeze, located across Pensacola Bay from Pensacola. The property sold for $8.2 million. The buyer and seller were not disclosed. Michael Mangrum, commercial state director for Coldwell Banker Commercial NRT in Florida, brought the property to market with Coldwell Banker Commercial NRT’s accelerated marketing team led by David Lowry and Roman Tsimberg. The property received 6,353 potential buyers, 138 confidentiality agreements and 16 fully approved bidders.

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NewsPeople

Strive Senior Living Hires Melissa Bossert as Chief Operating Officer

by Jeff Shaw

APOPKA, Fla. — Strive Senior Living, an owner-operator based in the Orlando suburb of Apopka, has hired Melissa Bossert as chief operating officer. She will oversee the company’s day-to-day administration and operations. Bossert has been involved in the senior living industry for over 26 years. Inspired by her grandmother’s love to travel, she began her career in the travel and tourism industry. While working in that environment, she escorted senior groups on tours across the United States, and this is where she fell in love with caring for older adults. …

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CCRCDevelopmentFinanceNew YorkNews

HJ Sims Arranges $398.1M Financing for Broadview at Purchase College Development in New York

by Jeff Shaw

PURCHASE, N.Y. — HJ Sims has arranged $398.1 million in tax-exempt and taxable bonds for Purchase Senior Learning Community Inc., which was formed to develop a new university-based retirement community, Broadview at Purchase College, on the State University of New York Purchase College campus. Centrally located on campus, Broadview will be a continuing care retirement community (CCRC) consisting of up to 68 assisted living and memory care beds, as well as 220 senior residential apartments and villas, 20 percent of which will be reserved for residents earning no more than …

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Active AdultDevelopmentFloridaNews

Resort Lifestyle Communities Opens $30M Shell Harbor Property in Rockledge, Florida

by Jeff Shaw

ROCKLEDGE, Fla. — Resort Lifestyle Communities (RLC) has opened Shell Harbor Retirement Community, a 180,000-square-foot seniors housing property in Rockledge, located along the Atlantic Coast east of Orlando. Development costs were estimated at $30 million. The number of units was not disclosed, but they will be available in studio, one-, two- and three-bedroom floor plans. Shell Harbor Retirement Community is the fifth RLC location in Florida.

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