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ColoradoDevelopmentNews

Experience Senior Living Plans 200-Unit Reserve at Lone Tree in Colorado

by Jeff Shaw

LONE TREE, Colo. — Experience Senior Living Development (ESLD), a NexCore-owned company, has unveiled plans for The Reserve at Lone Tree, a 200-unit seniors housing community in Lone Tree, approximately 15 miles south of Denver. Construction is scheduled to begin on the nine-story property in the fourth quarter of this year for completion in 2024. The community will feature 125 independent living units, 60 assisted living units and 24 memory care units. The site is located within RidgeGate, a 3,500-acre mixed-use community. Independent living units will be up to 1,650 …

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FinanceLouisianaNews

Live Oak Provides $33.5M Loan for Claiborne Property in Baton Rouge, Louisiana

by Jeff Shaw

BATON ROUGE, La. — Live Oak Bank has closed a $33.5 million loan for Claiborne Senior Living. The financing facilitated a partner buyout for a Class A, 213-unit independent living, assisted living and memory care community, built in 2017 and located in Baton Rouge. Claiborne Senior Living took over management of the property at the beginning of 2021, and has since added net 41 residents through November 2021. Locust Point Capital partnered with Claiborne to complete the capital stack, providing a preferred equity investment. Approximately $1.8 million in loan proceeds …

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FinanceFloridaNews

Grandbridge Arranges $19.5M Refinancing for Starling at San Jose in Jacksonville, Florida

by Jeff Shaw

JACKSONVILLE, Fla. — Grandbridge Real Estate Capital has arranged $19.5 million in financing for Starling at San Jose, a seniors housing community in Jacksonville. The financing retired a bridge loan with Grandbridge’s parent company, Truist Bank. The community was built in 2017. Further details about the property were not disclosed. Richard Thomas and the Grandbridge’s Atlanta-based Seniors Housing and Healthcare Finance team arranged the financing.

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Affordable HousingDevelopmentNewsNorth Carolina

Greystone, Urban Trends to Develop $28.9M Eastway Crossings Affordable Project in Charlotte

by Jeff Shaw

CHARLOTTE, N.C. — Raleigh-based Greystone Affordable Development and Charlotte-based Urban Trends Real Estate Inc. have released plans to develop Eastway Crossings, a $28.9 million affordable housing community located on Charlotte’s east side. The development will be funded through the Low-Income Housing Tax Credit (LIHTC) program. Greystone Affordable Development and Urban Trends are co-developers working on behalf of Harmony Housing, a national nonprofit specializing in affordable and workforce housing. Eastway Crossings is Greystone Affordable Development’s first new construction project in the Charlotte market. The community will offer residential units for senior …

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AcquisitionsFloridaNewsSkilled Nursing

Blueprint Brokers $51M Sale of Two Skilled Nursing Facilities in Florida

by Jeff Shaw

FLORIDA — Blueprint Healthcare Real Estate Advisors has arranged the $51 million sale of two skilled nursing facilities, on in Central Florida and one in Northeast Florida. The communities offer a total of 300 licensed beds near local medical centers. A Florida-based owner operator sold the properties to an undisclosed buyer in an off-market transaction.

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Company NewsInvestmentNewsTechnology

Square Co-Founder Invests in Seniors Housing Healthcare Provider EmpowerMe

by Jeff Shaw

ST. LOUIS — EmpowerMe Wellness, a St. Louis-based integrated healthcare provider to senior living communities, announced that Jim McKelvey, serial entrepreneur and co-founder of Square (NYSE: SQ), has made an investment in the company. McKelvey joins lead investor Hermann Cos., a St. Louis-based holding company owned by the Hermann family and led by CEO Bob Hermann and COO Rick Holton. “EmpowerMe’s mission of improving the lives of seniors by using technology and integration is what led me to invest,” says McKelvey. “Having founded a technology company to serve the underserved …

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NewsPeopleTechnology

Single Digits Names Jerry Grove as Vice President, General Manager of Senior Living

by Jeff Shaw

BEDFORD, N.H. — Single Digits Inc. has named Jerry Grove as vice president and general manager of senior living at the Bedford-based internet technology company. During his 20-year tenure in the senior care industry, Grove has developed leading-edge business strategies. Most recently, he was the senior vice president of sales at Sentrics, where he developed the company’s new 3in1 Managed Services Program. He joined Sentrics upon its acquisition of Esco Technologies LLC. As president and CEO at Esco Technologies, Grove grew the company from six to 75 employees and achieved …

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DevelopmentNewsPeople

Spiezle Architectural Group Promotes Richard Quinn to Principal

by Jeff Shaw

HAMILTON, N.J. — Spiezle Architectural Group Inc., a Hamilton-based, full-service architectural, interior design, landscape architecture and planning firm, has promoted Richard Quinn to principal. Quinn’s career in architecture spans 30 years. He has spent the last seven years with Spiezle, where he has executed a wide range of projects, including senior living, corporate and public spaces. Quinn received his associate’s degree in architectural drafting technology from Thaddeus Stevens College of Technology and his bachelor’s degree in architecture from Drexel University. He is a member of the American Institute of Architects …

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DevelopmentIndependent LivingNewsOregon

LRS Architects Designs 127-Unit Parkview at Terwilliger Plaza in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — LRS Architects Inc has completed design work for Parkview at Terwilliger Plaza just south of downtown Portland. The 10-story, 370,000-square-foot building will bring 127 independent living apartments to the existing three-building senior living campus while providing space for up to 200 new residents. The project is designed to the Passive House standard with several sustainability goals, including sustainable energy use and improved air quality. “Features such as thermal bridge-free detailing, airtight construction, energy-efficient appliances, heat recovery ventilation and a green roof are central toward creating comfortable and …

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DevelopmentIndianaNews

New Perspective Completes 164-Unit Woodland Terrace of Danville in Indiana

by Jeff Shaw

DANVILLE, Ind. — New Perspective has opened the doors on Woodland Terrace of Danville, a 164-unit senior living community in Danville, approximately 20 miles west of Indianapolis. The 35-acre campus includes 50 cottage-style townhomes and a main building for a variety of amenities. The property offers independent living, assisted living and memory care options. Along with sister properties in nearby Carmel and New Palestine, Minnesota-based New Perspective operates the community.

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