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Assisted LivingDevelopmentNewsTexas

Cadence McShane Breaks Ground on Anthology of Highland Park in Dallas

by Jeff Shaw

DALLAS — Cadence McShane Construction Co. has started construction of Anthology of Highland Park, located in the Highland Park neighborhood of Dallas. Anthology Senior Living is developing the 11-story assisted living community, which will feature 121 units. PRDG is the designer. The 130,000-square-foot development will incorporate 24 memory care units occupying the second floor, and 97 assisted living units on the remaining floors. The assisted living units will include eight studios, 53 one-bedroom and 36 two-bedroom/two-bath configurations. Construction will also include below-grade parking and ground-level parking, providing 58 spaces for …

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AcquisitionsIndianaNews

Grandbridge Arranges Sale of Three-Property Portfolio in Metro Indianapolis

by Jeff Shaw

CARMEL, NEW PALESTINE and DANVILLE, Ind. — Grandbridge Real Estate Capital’s Tampa-based National Senior Housing Investment Sales team has arranged the sale of the three seniors housing properties in the Indianapolis area. Named the Woodland Terrace Portfolio, the properties offer 482 units of independent living, assisted living and memory care in Carmel, New Palestine and Danville. The seller, The Justus Cos., developed the properties over the last four years. The buyer was a partnership between a national investor and Purpose First Partners, which is itself a joint venture between New …

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CaliforniaDevelopmentNews

Mana Investments, Hunter Street Partners Plan 128-Unit Community in Livermore, California

by Jeff Shaw

LIVERMORE, Calif. — Mana Investments and Hunter Street Partners LP have unveiled plans for a 128-unit independent living, assisted living and memory care community in the Bay Area city of Livermore. The project will be part of The Well at Sunset, a mixed-use project featuring medical and creative office space. Construction on the 130,000-square-foot seniors housing project is slated to start in fourth-quarter 2022. “There is a significant need for higher quality senior living options around the region, and the City of Livermore is an underserved market,” says Scott Murray, …

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ArizonaAssisted LivingDevelopmentNews

Ativo Senior Living Opens 79-Unit Community in Yuma, Arizona

by Jeff Shaw

YUMA, Ariz. — Ativo Senior Living has opened Ativo of Yuma, an assisted living and memory care community in the Fortuna Foothills submarket of Yuma. The 79-unit community features floorplans ranging from studio to one- and two- bedroom options. This is the first project between Link Development and Insight Senior Living, as the management company, with future projects set for Prescott Valley, Arizona; Albuquerque, New Mexico; and Sundance, Arizona.

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News

SmartLiving 360 CEO Ryan Frederick Releases Book

by Jeff Shaw

AUSTIN, Texas — Ryan Frederick, the founder and CEO of Austin-based consulting and real estate development company SmartLiving 360, has released a book entitled “Right Place, Right Time: The Ultimate Guide to Choosing a Home for the Second Half.” With over 15 years of experience in the fields of housing and healthy aging, Frederick sought to write a strategic guide for finding the best way to “thrive over a long life.” “Where you live can substantially impact your health and wellbeing — especially during the second half of your life,” …

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DevelopmentNewsVirginia

Anthology Opens 179-Unit Community in Charlottesville, Virginia

by Jeff Shaw

CHARLOTTESVILLE, Va. — Anthology has opened Anthology of Charlottesville, an independent living, assisted living and memory care community in Charlottesville. The 180,000-square-foot community features 179 apartments. According to a recent report by the U.S. Census Bureau, almost 20 percent of the Albemarle County population has already reached age 65 and older, a number that will continue to climb as the baby boomers age.

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Affordable HousingDevelopmentFloridaNews

Dominium Begins Construction of 383-Unit Osprey Village Affordable Project in Poinciana, Florida

by Jeff Shaw

POINCIANA, Fla. — Dominium has started construction of Osprey Village, a 383-unit affordable seniors housing community in the Orlando suburb of Poinciana. Once completed, Osprey Village will provide 383 units of affordable seniors housing. Qualifying residents must be age 62 or older and earn no more than 60 percent of the area median income. Dominium acquired the land in July 2021 and financed the construction using 4 percent Low Income Housing Tax Credits and tax-exempt bonds. Included in Osprey Village will be single-story cottages and an apartment building. The unit …

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CaliforniaCCRCDevelopmentNews

Sundt Completes The Ridge at Paradise Valley Estates in Fairfield, California

by Jeff Shaw

FAIRFIELD, Calif. — Sundt Construction Inc. has completed construction of The Ridge at Paradise Valley Estates, an eight-acre life plan community in the Bay Area city of Fairfield. The Ridge features a mix of 70 cottages and villas. The private cottages have two bedrooms and attached garages, and the villas feature either one bedroom or two bedrooms with under-building parking. In addition to the amenities of the larger Paradise Valley Estates 76-acre community, residents can access The Ridge’s dining facility and outdoor amenities such as a learning center and outdoor …

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CaliforniaFinanceMemory CareNews

JLL Capital Markets Arranges $15M Refinancing for Monarch Cottages Memory Care Community in La Jolla, California

by Jeff Shaw

LA JOLLA, Calif. — JLL Capital Markets has arranged a $15 million refinancing for Monarch Cottages, a 26-unit, 52-bed, two-story, Class A memory care community in the San Diego suburb of La Jolla, California. JLL represented the borrower, Monarch Senior Living, in arranging the loan. Remodeled in 2016, Monarch Cottages comprises five companion studio and 21 private studio units averaging 370 square feet. Within a three-mile radius, the 75-plus population is over 6,500 and is expected to grow by 13.5 percent over the next five years. Additionally, the property’s surrounding …

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AcquisitionsIllinoisNewsSkilled Nursing

ESI Brokers Sale of Holy Family Villa, Bishop Lyne Resident in Chicago

by Jeff Shaw

CHICAGO — Evans Senior Investments (ESI) has arranged the sale of Holy Family Villa and Bishop Lyne Residence, a nonprofit, 129-bed skilled nursing community with an 18-unit independent living component in Chicago. Built in 2002 with a 2012 rehabilitation unit addition, the community features 35 private resident rooms. Despite the contemporary design, the community was not profitable at the time of marketing, with census averaging 73 percent, resulting in a net operating loss. Prior to the COVID-19 pandemic, the community averaged 87 percent occupancy with 49 private-pay residents and 28 …

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