Tuesday, November 4, 2025
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Affordable HousingDevelopmentIndianaNews

TWG Opens $11M Line Lofts Affordable Community in Indianapolis

by Jeff Shaw

INDIANAPOLIS — TWG has opened Line Lofts Apartments, a new affordable senior living development on the eastside of Indianapolis. The property features 63 two-bedroom units. One-fifth of the units are designed and reserved for seniors with visual impairments, as part of a partnership between TWG and local nonprofit Visually Impaired Preschool Services (VIPS), which provides ongoing early intervention services to Indiana’s children with blindness/low vision. As part of the partnership, the $11 million property will include specific features that will aid visually impaired residents, including oversized elevator buttons, tactile markings …

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AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of 82-Unit Legacy at Highwoods Preserve in Tampa

by Jeff Shaw

TAMPA, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Legacy at Highwoods Preserve, and 82-unit assisted living and memory care community in Tampa. The community was developed by the seller in 2015 and operated by its affiliate operating company. This asset was an operational outlier for the company, representing its last asset in the Southeast The buyer was Alta Senior Living, which is strategically growing its operating presence in Florida. The price was not disclosed. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

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Company NewsFinanceNews

Atlas Senior Living Principals Form Salta Capital to Handle Financial Side of Business

by Jeff Shaw

BIRMINGHAM, Ala. — Atlas Senior Living’s principals have announced the formation of affiliate company, Salta Capital. Salta Capital will differentiate itself from Atlas’ day-to-day, community-level operations by focusing on capitalizing, finance and asset management with current and future Atlas-associated real estate holdings. In addition, Salta will pursue opportunities where it is strategic and beneficial for the communities, such as consumption of supply chains. Layne Held, former senior vice president of ServisFirst Bank, in conjunction with Atlas’ founders Scott Goldberg and Wyman Hamilton, will lead Salta. As a strategic shift, this …

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FloridaNewsPeople

LeadingAge Florida Elects New Board of Trustees

by Jeff Shaw

TALLAHASSEE, Fla. — LeadingAge Florida, a Tallahassee-based branch of the nonprofit industry organization, has elected Bruce Jones as its new board chair during the association’s convention in Orlando. Jones is the CEO of Vicar’s Landing in Ponte Vedra Beach. In addition to serving in multiple leadership roles for the association, he also serves on the board of directors of the St. John’s County Council on Aging and is chair-elect of the Brooks College of Health Dean’s Council at the University of North Florida. He is a fellow of both the …

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CaliforniaDevelopmentIndependent LivingNews

Revel Communities Begins Pre-Leasing at Independent Living Community in Folsom, California

by Jeff Shaw

FOLSOM, Calif. — Revel Communities, a division of The Wolff Company representing a portfolio of independent living communities, has launched pre-leasing at its newest community, Revel Folsom. Expected to open spring 2022, Revel Folsom is the latest expansion for Revel across the Western U.S. and will join Revel Palm Desert and Revel Lodi as the brand’s third independent living community in California in two years. Located 35 miles outside of Sacramento, Revel Folsom will feature views of the foothills of the Sierra Nevada Mountains. The size and number of units …

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NewsOperationsSkilled NursingTexas

LTC to Transfer 11 Skilled Nursing Operations in Texas to HMG Healthcare

by Jeff Shaw

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based real estate investment trust that primarily invests in seniors housing and health care properties, has unveiled plans to transfer 11 skilled nursing facilities in Texas to a new operator. The United States Bankruptcy Court for the Northern District of Texas Dallas Division approved a settlement agreement between current operators Senior Care Centers LLC and Abri Health Services LLC, which have declared bankruptcy, and LTC. Under the agreement, LTC will pay the bankrupt entities $3.3 million in order to …

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AcquisitionsNew JerseyNewsSkilled Nursing

ESI Brokers $24M Sale of Skilled Nursing Community in New Jersey

by Jeff Shaw

NEW JERSEY — Evans Senior Investments (ESI) has arranged the sale of a 120-bed skilled nursing community in New Jersey for $24 million. Built in the last 20 years with multiple renovations since, the community exhibited a modern physical plant with all of the rooms at the community being private or semi-private. Despite the contemporary design, the community was not profitable at the time of marketing the offering, with census averaging 77 percent, resulting in a net operating loss. Contributing to the below-average profitability was the high expense structure in …

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Active AdultDevelopmentNewsOhio

Homestead Senior Living Breaks Ground on 131-Unit Active Adult Community in Blacklick, Ohio

by Jeff Shaw

BLACKLICK, Ohio — Homestead Senior Living has broken ground on Homestead Village, a 131-unit active adult community in Blacklick, approximately 10 miles east of Columbus. The property will span 122,275 square feet and is scheduled to open in October 2022. Development costs were estimated at $14.5 million, with Homestead Construction as the contractor. Homestead’s “active senior” designation is marketed toward people 55 and older, are just retired and do not require any form of assisted living. The average resident age is between 60 and 75.

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DevelopmentMemory CareNewsTexas

Nexion Health Opens Eagle’s Landing Memory Care Facility in Eagle Lake, Texas

by Jeff Shaw

EAGLE LAKE, Texas — Nexion Health has opened Eagle’s Landing, a memory care community within its Arbor Hills Rehabilitation and Healthcare Center at Eagle Lake. Located in the small city of Eagle Lake, approximately 70 miles west of Houston, the asset offers 20 units. The Arbor Hills Rehabilitation and Healthcare Center was one of nine Texas facilities where Nexion Health took over operations in December 2020.

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IndianaMichiganNewsOperationsPeople

Integral Senior Living Grows Leadership Team, Operational Portfolio

by Jeff Shaw

CARLSBAD, Calif. — Integral Senior Living (ISL), a Carlsbad-based operator, has taken over management of six senior living communities in Indiana and Michigan. The company also named Adam Parton as regional vice president of operations and Brandy Ross as regional director of sales and management. Parton joins the ISL team with a decade of experience in senior living operations management, particularly in the Midwest. He is a Licensed Nursing Home Administrator in three states. Ross is an industry veteran with years of experience growing and managing senior living communities across …

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