KANSAS CITY, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 400-bed skilled nursing portfolio in the Kansas City metro area. The seller was a Missouri-based family office that developed the portfolio in the late 1990s along with its wholly owned management company, Capital Health Management. The buyer was an East Coast-based investor and its operations partner, both looking to expand in Missouri. The price was not disclosed.
HATTIESBURG, Miss. — Claiborne Senior Living, a Hattiesburg-based operator, has hired Danielle Anderson and Nazima Drumm to its corporate management team. Anderson assumes the position of regional director of operations where she will be responsible for overall operations management at assigned communities in addition to other key projects. Prior to joining Claiborne, she served as vice president of care and programs for Galerie Living, a privately held management and development company. She has also served as a business officer director, executive director and chief compliance officer over the years. Drumm …
ST. LOUIS, Mo. — David Smith will no longer be involved with day-to-day operations at Sherpa CRM, a St. Louis-based sales enablement platform that he co-founded eight years ago. Prior to co-founding Sherpa, Smith founded One on One: Inspired Senior Sales to offer evidence-based sales training, consulting and coaching to senior living communities across the U.S. and Canada. Smith spent decades studying and refining the senior sales process. He recently shared his approach in the book “It’s About Time: How to Grow Revenue with Prospect-Centered Selling.” In addition to consulting, …
COLORADO SPRINGS, Colo. — Presbyterian Manors of Mid-America (PMMA) has broken ground on Aberdeen Ridge, a continuing care retirement community (CCRC) campus in Colorado Springs. In 2018, PMMA acquired a Texas nonprofit corporation, which owned an undeveloped 15.3-acre site within Garden of the Gods National Park, and which already had the permits and approvals for a senior living community. Aberdeen Ridge is scheduled for completion in 2023 and will feature 171 one- and two-bedroom independent living residences, 40 assisted living apartments and 24 memory care suites. The homes will vary …
ANN ARBOR, Mich. — Lockwood Cos. has broken ground on Lockwood of Ann Arbor, a mixed-income seniors housing community in Ann Arbor. The property will be a three-story, 168,130-square-foot building with 154 independent senior apartments, including 65 units dedicated as affordable housing. Lockwood of Ann Arbor represents an approximately $45 million investment in the City of Ann Arbor and Washtenaw County. Scheduled to open in Summer of 2023, Lockwood of Ann Arbor will feature 89 one-bedroom units and 65 two-bedroom units. The Ann Arbor Area Community Foundation projects a rising …
EAST PROVIDENCE, R.I. — Lument has arranged a $45.9 million FHA Sec. 232/223(a)(7) loan to refinance Tockwotton on the Waterfront. The 156-unit seniors housing community is located in East Providence. Aaron Becker led the transaction for Lument. “By leveraging our FHA expertise, we were able to significantly lower Tockwotton’s interest rate to generate nearly $250,000 in annual debt service savings, augmenting the $1.1 million in savings initially obtained when we helped with the prior FHA refinance in 2016,” says Becker. “The additional cash flow freed up by this transaction will …
NEW YORK CITY — Dwight Capital, a New York City-based finance and investment firm, arranged $291.5 million in seniors housing and healthcare financings during fourth-quarter 2021. Featured among these transactions are bridge loans for Certus Portfolio, Solaris Portfolio and Epic Portfolio, which were funded through the firm’s commercial mortgage REIT, Dwight Mortgage Trust. Dwight provided a $89 million bridge acquisition loan for a 1,352-bed portfolio of 15 skilled nursing facilities located across Ohio. The borrower, Certus Healthcare Management, plans to invest in a capital expenditures plan to complete interior improvements …
ENGLEWOOD, Colo. — Lantz-Boggio Architects, an Englewood-based design company, has added David Fik, Jigna Hammers, Dwight Miller, Tyler Depew and Bill Foster as partners of the firm. The company says it hopes this new generation of partners will exemplify the firm’s dedication to client relations, quality assurance and design. This team provides expertise in business development, technology, architectural design, economics and operations. Lantz-Boggio has offices in Ft. Lauderdale, Florida, and Denver, Colorado, and a staff of over 40 architects and interior designers.
BOISE, Idaho — Blueprint Healthcare Real Estate Advisors has brokered the sale of Heritage of Boise, a 92-unit assisted living and memory care community in Boise. The seller shut down operations at the community in September, moving residents and staff to other properties in the area. Boise Rescue Mission acquired the property, and will rebrand it as Sonrise Transitional Housing. The property will now serve formerly homeless residents seeking independent living. The seller and price were not disclosed.
HOUSTON — Hicks Ventures, a Houston-based development company, has signed a $100 million joint venture agreement with Washington, D.C.-based Artemis Real Estate Partners to develop inpatient rehabilitation facilities and behavioral health hospitals. “This joint venture will give our operator partners surety of close and execution,” says Patrick Hicks, founder and CEO of Hicks Ventures. “More importantly, it will allow us to perform multiple unit facility transactions with our operator partners that will generate great efficiencies and cost savings.” Hicks Ventures and its principals — Patrick Hicks, David Steidley and Larry …
