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SRI Management Hires Kim Hollingshed as Director of Human Resources

by Jeff Shaw

TALLAHASSEE, Fla. — SRI Management LLC, a Tallahassee-based operator with more than 30 communities throughout the Southeast, has hired Kim Hollingshed as its senior director of human resources. Bringing more than a decade of corporate HR experience, Hollingshed will oversee employee relations, performance management and corporate policy and procedures. Previously, Hollingshed held HR positions for emerging and large, established companies in different industries. Her diverse background includes strategic human resource management and planning; performance management; federal and state law compliance; employee benefits management; employee wellness and safety; recruitment, training and …

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AcquisitionsAssisted LivingCaliforniaNews

IRA Capital Buys 160-Unit Portfolio in Northern California for $106.5M

by Jeff Shaw

DUBLIN and NOVATO, Calif. — Southern California private equity firm IRA Capital has acquired two newly constructed assisted living and memory care facilities totaling 160 units in the Northern California cities of Dublin and Novato for $106.5 million. An active player in the medical office, life sciences and ambulatory surgery space, IRA Capital is growing and diversifying its healthcare real estate portfolio by expanding into seniors housing in high-barrier-to-entry markets on the West Coast. Elegance Senior Living operates the two Class A communities. Elegance at Dublin is an 80-unit community …

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AcquisitionsArizonaCaliforniaNewsOperationsWashington

Pennant Group Transfers Operations of Five Communities in the West to Ensign Group

by Jeff Shaw

EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), an Eagle-based REIT, has agreed to transfer the operations of five senior living communities to affiliates of The Ensign Group Inc. The five communities are located in Washington, Arizona and California and are co-located with skilled nursing facilities already operated by affiliates of Ensign. The transaction is anticipated to occur across separate closings in the first half of 2022, subject to receipt of third-party approvals and other customary closing conditions. On the same day, Pennant Group announced that it has entered …

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Affordable HousingColoradoDevelopmentFinanceNews

Lument Provides $5.9M Fannie Mae Construction Loan for Lynwood Senior Apartments in Denver

by Jeff Shaw

DENVER — Lument has provided a $5.9 million Fannie Mae affordable loan to fund the construction of Lynwood Senior Apartments. The property will feature 62 units of affordable housing for seniors in a three-story building on nearly an acre. Construction of the community will be facilitated via a 30-month taxable forward commitment Fannie Mae affordable loan structured as a 9 percent Low-Income Housing Tax Credit (LIHTC) mortgage-backed securities (MBS) exchange. The Fannie Mae loan features a fixed interest rate, 15-year term and 35-year amortization. Additional funding sources include a construction …

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AcquisitionsAlabamaNewsTennessee

Blueprint Brokers Sale of Two Communities in Alabama, Tennesse

by Jeff Shaw

ALABAMA and TENNESSEE — Blueprint Healthcare Real Estate Advisors has arranged the sale of a two-property portfolio of communities in Alabama and Tennessee. The portfolio included two seniors housing communities consisting of 152 units of independent living, assisted living and memory care. The properties were built in 2018. An Alabama-based owner-operator bought the assets as part of a plan to increase its footprint in the Southeast. The seller and price were not disclosed.

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NewsPeopleTechnology

OneDay Appoints Dan Dionne as VP of Sales, Ryan Gray as Director of Product Management

by Jeff Shaw

DALLAS — OneDay, a Dallas-based technology company that provides video storytelling within senior living communities, has appointed Dan Dionne as vice president of sales and Ryan Gray as director of product management and user experience. OneDay’s team has grown significantly in the past two years, and the company now has 63 team members. In July 2021, OneDay closed its $19 million Series B funding round, and last year, the company expanded its leadership team and moved into 10,000 square feet of office space in the Design District. Dionne oversees OneDay’s …

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AcquisitionsAssisted LivingFloridaNews

Grandbridge Arranges $32.5M Sale of The Cabana at Jensen Dunes in Jensen Beach, Florida

by Jeff Shaw

JENSEN BEACH, Fla. — Grandbridge Real Estate Capital’s Tampa-based Senior Housing Investment Sales team has arranged the sale of The Cabana at Jensen Dunes. The 126-unit assisted living and memory care community is located in Jensen Beach, a coastal community approximately midway between Miami and Orlando. The community opened in August 2016. Convivial Life acquired the asset, along with an adjacent 11.4-acre development parcel, for $32.5 million. The vacant portion of land is fully entitled for 210 units of independent living. The seller was not disclosed. Ziegler arranged acquisition financing …

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AcquisitionsFloridaGeorgiaNews

Blueprint Brokers Sale of Two Arbor Communities in the Southeast

by Jeff Shaw

CANTON, Ga., and AMELIA ISLAND, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sales of two seniors housing communities in the Southeast. The first property is The Arbor at Bridgemill, opened in 2018 and featuring 206 units in the Atlanta suburb of Canton. The second asset is The Lakeside at Amelia Island, opened in 2019 and featuring 187 units in the tourist destination of Amelia Island, just northeast of Jacksonville. Aspire Development Partners built the communities, which The Arbor Company operates. The buyer and price were not disclosed.

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IndianaNewsOperationsPeople

Sunshine Names Erika Hamilton as Executive Director of Heritage Point in Mishawaka, Indiana

by Jeff Shaw

MISHAWAKA, Ind. — Sunshine Retirement Living has named Erika Hamilton as executive director at Heritage Point Assisted Living and Memory Care in Mishawaka, a suburb of South Bend near the Michigan border. Hamilton is a licensed healthcare facility administrator (HFA) with nearly a decade of experience in the senior living and healthcare industries. As executive director, Hamilton is responsible for all day-to-day management and operations of the community, including financials, marketing, government and community relations. She will also oversee all health and safety programs including new heightened procedures and protocols …

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Assisted LivingDevelopmentMichiganNews

Anthology Opens 92-Unit Community in Farmington Hills, Michigan

by Jeff Shaw

FARMINGTON HILLS, Mich. — Anthology Senior Living has opened the doors on Anthology of Farmington Hills, a seniors housing community in Farmington Hills, approximately 20 miles northwest of Detroit. The new 80,000-square-foot senior living community features 92 apartments and provides assisted living and memory care. Anthology has locations around the country, and its other Michigan locations include Novi, Northville, Rochester Hills and Troy. According to a recent report by the U.S. Census Bureau, almost 20 percent of the Oakland County population has already reached age 65 and older, a number …

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