News

FinanceNewsPeople

Walker & Dunlop Hires Gideon Orion to Seniors Housing Property Sales Team

by Jeff Shaw

LOS ANGELES — Walker & Dunlop Inc. has hired Gideon Orion as managing director on its investment sales platform. Orion is based in Los Angeles and will join the firm’s national seniors housing property sales team led by Joshua Jandris. Orion will focus on originating and executing seniors housing property sales opportunities across the United States. Prior to joining Walker & Dunlop, Orion served as managing director and managing broker of California for Blueprint Healthcare Real Estate Advisors, an advisory firm exclusively focused on seniors housing and healthcare real estate. …

Continue Reading
0 FacebookTwitterLinkedinEmail
ConnecticutDevelopmentNews

EPOCH Opens 146-Unit Waterstone on High Ridge in Stamford, Connecticut

by Jeff Shaw

STAMFORD, Conn. — EPOCH Senior Living and National Development has opened Waterstone on High Ridge, a seniors housing community in Stamford, approximately 25 miles northeast of New York City. The community features 88 independent living, 36 assisted living and 22 memory care units. Independent living units are currently 60 percent leased. All-inclusive monthly fees for independent living start at $8,950 per month for a one-bedroom, while assisted living starts at $10,500 and memory care at $8,750. EPOCH Senior Living operates 13 senior living communities in the Northeast with three under …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsPeople

Arrow Senior Living Promotes Four to Corporate Management Team

by Jeff Shaw

ST. LOUIS — Arrow Senior Living, a St. Louis-based operator, has promoted Crystal Parrish, Nicole Rozsa, Gregory Dierlam and John McAninch to its management team. Parrish has been promoted to managing director of wellness. In her new role, she will provide clinical oversight and support across Arrow communities. With more than a decade experience in healthcare and senior living, her previous assignments include clinical nursing instructor and corporate director of clinical care. Parrish joined Arrow in January 2021. Rozsa has been promoted to managing director of marketing. In her new …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingDevelopmentFinanceMassachusettsNews

MassDevelopment Issues $10.3M Bond Financing for Acquisition, Renovation of Putnam School Apartments in Cambridge, Massachusetts

by Jeff Shaw

CAMBRIDGE, Mass. — MassDevelopment has issued a $10.3 million tax-exempt bond on behalf of Putnam School Apartments LLC, an affiliate of Cambridge Housing Authority (CHA). The borrower will use the proceeds to buy and renovate Putnam School Apartments, a 33-unit affordable housing facility serving seniors and individuals with disabilities. A historic schoolhouse built in 1890, the building was converted into the Putnam School Apartments in 1983; most of the housing units have not been updated since. Renovations will include reconfiguring units; addressing major systems, including mechanical, electrical, plumbing and ventilation; …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingCaliforniaDevelopmentNews

Sunrise Senior Living Opens 92-Unit Assisted Living Community in Silicon Valley

by Jeff Shaw

REDWOOD CITY, Calif. — Sunrise Senior Living has opened Sunrise of Redwood City, an assisted living and memory care community in the Silicon Valley municipality of Redwood City. The community features 56 assisted living units, 19 memory care units and 17 “Terrace Club” units for those with mild to moderate memory loss. Sunrise is one of the largest senior living providers in the U.S. and Canada, with the capacity to serve more than 28,000 seniors across 274 communities.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsOklahomaSkilled Nursing

SLIB Arranges Sale of 20-Unit Community in Tulsa

by Jeff Shaw

TULSA, Okla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Arbors, a 20-unit assisted living community in Tulsa. The 15,688-square-foot property was built in 1997 on approximately two acres of land. The seller is a regional owner based in Tulsa. The buyer is a Oklahoma-based private owner, looking to expand its portfolio, and plans to convert the facility to skilled nursing with a hospice specialty. Jason Punzel and Nick Cacciabando of SLIB handled the transaction. The price was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentIllinoisNews

Spellman Brady Completes Interior Design of Hawthorne Inn in Jerseyville, Illinois

by Jeff Shaw

JERSEYVILLE, Ill. — Spellman Brady & Company (SBC) and O’Toole Design have completed interior design work for the newly constructed Hawthorne Inn, an assisted living facility in Jerseyville, approximately 40 miles north of St. Louis. Liberty Village owns and operates the property. Spellman Brady was responsible for the selection, procurement and installation of the project’s furniture, artwork and accessories, in addition to serving as the senior living design consultant for the team. O’Toole handled the interior design and color palette finishes.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsPeople

Lument Hires Leor Dimant as Managing Director in Seniors Housing Division

by Jeff Shaw

NEW YORK CITY — Lument has hired Leor Dimant as a managing director, focusing on originating new business. Dimant brings experience that covers conventional, seniors housing and multifamily production. He will report to Aaron Becker, Lument’s head of seniors housing and healthcare production. Dimant joins Lument after previously working as a managing director at Greystone, where he had eight years of experience as a multifamily and healthcare loan originator specializing in HUD, agency and bridge loans. He also served in the Israeli Defense Forces for four years, including time as …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceNewsVirginia

Ziegler Arranges $18.9M Bond Refinancing for Kendal at Lexington in Virginia

by Jeff Shaw

LEXINGTON, Va. — Ziegler has arranged $18.9 million in bond financing for Kendal at Lexington, a continuing care retirement community in Lexington, a small city approximately 70 miles east of the West Virginia border. Kendal at Lexington was chartered in January 1995 on 84 acres in the Blue Ridge Mountains. Located roughly 1.3 miles from Washington & Lee University and Virginia Military Institute, Kendal at Lexington currently consists of 150 independent living units (55 apartments, 95 cottages), 19 assisted living units (includes one dual-occupancy unit) and 60 skilled nursing beds. …

Continue Reading
1 FacebookTwitterLinkedinEmail
DevelopmentNewsNorth Carolina

Bonaventure Breaks Ground on 138-Unit Acclaim at Cary Pointe in North Carolina

by Jeff Shaw

CARY, N.C. — Bonaventure has broken ground on Acclaim at Cary Pointe, a seniors housing community in Cary, located in the Raleigh-Durham area. The four-story building, Bonaventure’s first in the state, will feature 138 units ranging from 681 to 1,164 square feet. The type of care was not disclosed. Two similar communities under Bonaventure’s Acclaim brand opened this past summer: Acclaim at Belmont Bay in Woodridge, Va., and Acclaim at East Beach in Norfolk, Va. Headquartered in Alexandria, Va., Bonaventure is an integrated asset management company specializing in multifamily design, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts