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.
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. …
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 …
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.
DECATUR, Ga. — The Decatur Housing Authority (DHA), in partnership with Columbia Residential, was recently awarded a 9 percent Low-Income Housing Tax Credit (LIHTC) allocation from the Georgia Department of Community Affairs. The move will fund development of Columbia Senior Residences at Decatur East Phase II. The mixed-income community for seniors age 62 and older will be located adjacent to the Avondale MARTA station in Decatur, just east of Atlanta. Phase II will deliver 80 units, 70 of which will be affordable to households earning below 60 percent of the …
AUBURN, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 70-bed skilled nursing facility in the small Central Illinois city of Auburn. The community was built in 1970. Occupancy was 75 percent at the time of sale. The seller was a regional owner-operator looking to exit a non-core asset while the buyer was looking to expand its presence in central Illinois. The price and name of the facility were not disclosed.
PLANO, Texas — Enseo, a Plano-based technology provider serving the hospitality, senior living and education sectors, has promoted Kristen Singleton to president. Singleton joined Enseo as chief information officer in 2020 and will continue holding that position in addition to her new role as president. In addition to Singleton’s promotion, Enseo plans to add additional resources to several departments, including sales, IT, marketing and customer support. A 30-year veteran of the technology industry, Singleton has more than a decade of experience in gaming, hospitality and travel. She has held CIO …
BALA CYNWYD, Pa. — Ziegler has arranged $39.4 million in bond financing for Simpson, a nonprofit operator based in Bala Cynwyd, a suburb of Philadelphia. Formerly known as Methodist Episcopal Home for the Aged, the borrower operates three continuing care retirement communities in the region: Simpson House in Philadelphia, Simpson Meadows in Downington and Jenner’s Pond in West Grove. The portfolio totals 482 independent living units, 56 personal care units, 118 assisted living units and 178 skilled nursing units. Simpson’s entire capital structure comprises all public, fixed-rate bonds as a …
NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC) has completed the management transitions for 107 communities within its senior housing operating portfolio (SHOP). Management was transitioned to 10 regionally focused operators. The transitions were completed as part of the agreement between DHC and Five Star Senior Living Inc. (NASDAQ: FVE) to move communities out of Five Star’s operational portfolio. One additional community, located in Delaware, was closed. The moves result in Five Star completely exiting the skilled nursing sector. The company still operates 140 seniors housing communities, with 120 of …
ATLANTA — Greystone has placed financing for a 193-unit seniors housing complex in Atlanta. Greystone’s Senior Housing Capital Markets Team, including Matt Miller, arranged the financing on behalf of Harbert Seniors Housing Fund I LP. The amount and use of the financing were not disclosed. A large, regional bank provided the funds, which include a three-year term. The property, managed by an experienced regional operator, includes independent living, assisted living and memory care units across two construction phases, the second of which was completed in late 2020.