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CCRCDevelopmentNewsOregon

Greystone Plans $124.2M Expansion at Friendsview CCRC in Newberg, Oregon

by Jeff Shaw

NEWBERG, Ore. — Greystone plans to break ground July 8 on an expansion project at Friendsview, a continuing care retirement community (CCRC) in the Portland suburb of Newberg. Yamhill County Hospital Authority issued $124.2 million in bond financing, underwritten by Ziegler, for the project. The community was founded in 1961 and boasts affordable CCRC living, with average monthly fees of $2,500. The expansion will bring new amenities to current residents across three new components named Springbrook Meadows North, Sutton Terrace at University Village and Charles Beals Plaza. “Replacing the health …

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Memory CareNewsOperationsTexas

SilverPoint Senior Living to Operate La Fontaine of Frisco Memory Care Community in Texas

by Jeff Shaw

FRISCO, Texas — SilverPoint Senior Living has formed a new partnership with La Fontaine Memory Care under which SilvrePoint will manage La Fontaine of Frisco in Frisco, a suburb of Dallas. “As SilverPoint is continuing to grow, we want to be strategic as we add to the portfolio of communities we manage. We truly connected on a personal level with the ownership group and both agreed that SilverPoint can add value to the La Fontaine community,” says Shawn Corzine, CEO at SilverPoint. “Paramount Healthcare’s expertise has historically focused on individuals …

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CaliforniaNewsPeople

Cadence Living Hires Sloane Buchanan as Regional Vice President of Operations for West Region

by Jeff Shaw

SCOTTSDALE, Ariz. — Cadence Living has hired Sloane Buchanan as vice president of operations for the West region. Buchanan will have principal responsibility over operations of the Cadence Living managed communities in Southern California. Buchanan has been in senior living for eight years after a successful career in university enrollment and a five-year stint in the U.S. Army. Before Joining Cadence, she served in both regional operations and regional sales roles with Frontier Management. She also held operational roles with Holiday Retirement, Brookdale and Prestige Care, as well as owning …

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FinanceIllinoisNewsSkilled Nursing

Dwight Capital Funds $56M Refinancing for Skilled Nursing Portfolio in Illinois

by Jeff Shaw

ILLINOIS — Dwight Capital has provided a $56 million bridge loan for the refinancing of a portfolio of eight skilled nursing facilities located across Illinois. The properties include Lexington Health Center Bloomingdale, Lexington of Schaumburg, Lexington of Orland Park, Lexington of Lombard, Lexington of Chicago Ridge, Lexington of Elmhurst, Lexington of La Grange and Lexington of Lake Zurich. Together, the facilities comprise 1,550 beds across a total of 25 acres. Cross River Bank served as co-lender and participant in the transaction. The term loan refinanced the portfolio’s existing capital structure …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 94-Unit Brickmont Assisted Living in Milton, Georgia

by Jeff Shaw

MILTON, Ga. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Brickmont Assisted Living, a 94-unit seniors housing community in Milton, approximately 30 miles north of Atlanta. The seller was a local developer that elected to exit this asset as it was the company’s first building and had reached the end of its investment horizon. The buyer was a Tennessee-based partnership looking to expand its southeast footprint in strategic markets. The price was not disclosed The community was built in 2016. Bradley Clousing and Daniel Geraghty handled the …

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FinanceNewsPeople

Berkadia Hires Stephanie Anderson as Head of Seniors Housing, Healthcare Operations

by Jeff Shaw

BOSTON — Berkadia has hired Stephanie Anderson as senior vice president and head of Berkadia’s seniors housing and healthcare operations. Anderson will work alongside head of FHA and Berkadia’s seniors housing finance, Steve Ervin. She will be based out of Boston. Prior to Berkadia, Anderson served as the national sales director for Housing & Healthcare Finance. She has held executive-level roles with Health Care REIT (now known as Welltower), GE Healthcare Finance and Ventas. She has been on the board of Genesis as well as both the American Seniors Housing …

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DevelopmentGeorgiaNews

Phoenix Senior Living Completes Renovations at The Retreat at Conyers in Georgia

by Jeff Shaw

CONYERS, Ga. — Phoenix Senior Living has completed the $1.63 million renovation of The Retreat at Conyers in Conyers, a suburb of Atlanta. Sayer Construction and 828 Interior Design Studio lead the eight-month construction project, which adds amenities such as indoor and outdoor dining options; a game room with shuffleboard and pool table; enhanced creative space for arts and crafts; and an intergenerational outdoor play area. The community features 78 independent living apartments, 30 personal care and 30 memory care apartments.

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AcquisitionsNewsOhio

ESI Arranges $6M Sale of Skilled Nursing Community in Dayton, Ohio

by Jeff Shaw

DAYTON, Ohio — Evans Senior Investments (ESI) has arranged the sale of Lincoln Park Manor, a 60-bed skilled nursing and 30-unit assisted living community in Dayton The property was built in 1988 with a $1.3 million renovation from 2019 to 2020. The community was not profitable at the time of marketing the offering, with skilled nursing census averaging 37 percent and assisted living census averaging 45 percent, resulting in a loss of over $1.5 million in net operating income. Contributing to the below average profitability was that the skilled nursing …

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NewsPeople

IMPACT Strategies Promotes Teresa Whittaker to CFO, Scott Manning to Director of Construction Operations

by Jeff Shaw

FAIRVIEW HEIGHTS, Ill. — IMPACT Strategies has promoted Teresa Whittaker to chief financial officer and Scott Manning to director of construction operations. Whittaker will execute IMPACT’s financial strategic initiatives, develop long-term financial goals and play an integral role in driving the success of IMPACT by monitoring financial performance. In this role, Whittaker will continue to lead IMPACT’s accounting team and human resources operations, identify critical trends and develop new company best practices, projections and solutions. Whittaker received her bachelor’s degree in accounting from Robert Morris College and worked in the …

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