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Active AdultDevelopmentNewsOklahoma

Gardner Capital Completes Construction of Tennyson Manor in Enid, Oklahoma

by Jeff Shaw

ENID, Okla. — Gardner Capital has completed construction on Tennyson Manor in Enid, approximately 80 miles north of Oklahoma City. The development offers one- and two-bedroom apartment homes specifically built for seniors and will offer modern conveniences such as electric vehicle charging stations. The development was made possible through multiple financial and other partners, including Red Stone Equity Partners and Legacy Bank & Trust Co. Seldin Companies is the on-site property manager at Tennyson Manor and is current accepting applications.

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AcquisitionsAssisted LivingNevadaNews

SLIB Brokers $20.2M Sale of 98-Unit Community in Las Vegas

by Jeff Shaw

LAS VEGAS — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 98-unit assisted living and memory care community in Las Vegas. The 76,458-square-foot community sits on 3.2 acres. A local developer sold the community to a private equity fund for $20.2 million. The new owner plans to replace the operator. Vince Viverito, Brad Goodsell and Jason Punzel of SLIB handled the transaction.

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FeaturesNews

Greystone Partners with LeadingAge on New Story Collector Portal

by Jeff Shaw

IRVING, Texas — Greystone, a senior living consulting firm based in Irving, has partnered with LeadingAge, the association of nonprofit providers of aging services, to provide a portal for member stories to be gathered, organized and published across multiple media platforms, both in the industry and beyond. The tool, located on the LeadingAge website and powered by Greystone, provides LeadingAge members the opportunity to share their responses — written or oral — to a prescribed prompt, which will be updated monthly. The purpose is to highlight a diverse range of …

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NewsPeople

Allegro Promotes Six, Hires Two to Corporate Team

by Jeff Shaw

ST. LOUIS — Allegro Senior Living, a St. Louis-based operator, has promoted six employees and hired two vice presidents to its corporate team. Joseph Miklich was promoted to president; John LeFauve was promoted to senior vice president of design and construction; John Kratochvil and Sproule Love were promoted to vice president of development and acquisition; Brandi Sharp was promoted to vice president of sales; and Christy Reynolds was promoted to vice president of administration. Additionally, Michele Hoeft was hired as vice president of marketing and Gabrielle Anderson was hired as …

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Affordable HousingDevelopmentHawaiiNews

Michaels Organization Breaks Ground on $93.3M Affordable Housing Project in Downtown Honolulu

by Jeff Shaw

HONOLULU — The Michaels Organization, in partnership with the City and County of Honolulu and the State of Hawaii, has broken ground on Halewai`olu Senior Residences, an affordable seniors housing community in downtown Honolulu. Scheduled for completion in 2023, the 17-story development sits on a 26,925-square-foot parcel owned by the City and County of Honolulu. The property will feature 156 one- and two-bedroom affordable rental units. Construction of the $93.3 million project will be funded using a combination of $48 million in Hula Mae Multi-Family (HMMF) tax-exempt bonds, $21.3 million …

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AcquisitionsCCRCIllinoisNews

Covenant Living Acquires Three Crowns Park CCRC in Evanston, Illinois

by Jeff Shaw

EVANSTON, Ill. — Covenant Living Communities and Services has entered into an affiliation agreement with Three Crowns Park, a continuing care retirement community (CCRC) in Evanston, approximately 12 miles north of downtown Chicago. Under the agreement, Three Crowns Park will become part of the Covenant Living organization. Covenant Living will assume overall management and operations of Three Crowns Park with shared governance and leadership upon closing, which is scheduled for July 1. Three Crowns Park is a seven-acre, single-site senior living community established more than 125 years ago. It is …

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AcquisitionsAssisted LivingNewsTennessee

NHI Acquires 48-Unit Community in Tennessee, Expands Relationship with Operator Navion

by Jeff Shaw

MANCHESTER, Tenn. — National Health Investors Inc. (NYSE: NHI) has expanded its relationship with Navion Senior Solutions through the acquisition of an assisted living and memory care community, funding of an expansion at an existing community, and funding of a corporate loan for future development costs. These investments total approximately $13.2 million. NHI acquired a 48-unit assisted living and memory care community in Manchester for $6.6 million at an initial yield of 7.5 percent. The lease has 2.5 percent annual escalators and was added to the existing master lease with …

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AcquisitionsCompany NewsNews

Seniors Housing Advisor Spectrum Consultants Acquires Holleran Consulting

by Jeff Shaw

GASTONIA, N.C. — Spectrum Consultants, a Gastonia-based advisor to senior living communities, has acquired Holleran Consulting, a community engagement research and consulting firm specializing in resident and employee surveys for senior living. The goal of the acquisition is to diversify Spectrum’s services, according to the buyer. “Holleran provides an avenue for us to develop strategic marketing and positioning for senior living communities based on feedback and the voice of residents and staff — the true essence of a community’s aspirational culture,” says Hoppy Sell, Spectrum’s president. The Holleran suite of …

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NewsPeople

Acts Retirement-Life Communities Announces Three Appointments to Corporate Leadership Team

by Jeff Shaw

FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit senior living operator based in Fort Washington, has made three appointments to its corporate leadership team. Susan Ahern was appointed to the position of senior vice president and chief financial officer. Ahern has been with Acts since 2000, and most recently served as vice president and controller. She is a Certified Public Accountant and a Certified Management Accountant. Ahern holds a bachelor’s degree in accounting from Messiah University and an MBA from LaSalle University. She is a fellow in the LeadingAge …

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Active AdultDevelopmentNewsTexas

Sparrow Partners, Welltower Break Ground on 188-Unit Active Adult Community in Metro Austin

by Jeff Shaw

GEORGETOWN, Texas — Austin-based developer Sparrow Partners and Ohio-based REIT Welltower (NYSE: WELL) have broken ground on Amberlin Georgetown, a 188-unit active adult community in Georgetown, a northern suburb of Austin. The property will feature one- and two-bedroom units ranging in size from 615 to 1,285 square feet and equipped with private terraces or fenced-in backyards. Amenities will include bocce and pickleball courts, a resort-style pool and sundeck, a fenced-in dog park, fitness center, game lounge, media lounge, community garden, library and a coffee bar. Each unit will rent for …

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