BALTIMORE — As a part of its long-term growth and business strategy, Erickson Living today unveiled its plan to evolve its brand identity and change the company’s name to Erickson Senior Living. The rebranding comes as the company, which oversees a portfolio of more than $1 billion, continues to invest heavily to enhance and expand its network of senior living communities and directly connect its offerings to a population anticipated to double to 98 million by 2060. Based in Baltimore, Erickson Senior Living’s portfolio consists of 20 communities in 11 …
Seniors housing technology has long been focused on health and safety — keeping residents safe from falls, managing medicines and addressing health changes that require a doctor’s oversight. But the future of seniors housing may lie more in the direction of holistic wellness — personalized nutrition, evidence-based decision-making for increasing or decreasing medical interventions and better resident experiences. Over the next decade, data will be the driving force for communities that embrace wellness goals, according to Derek Ross, CEO, Aging and Caregiving at Philips. “There is a huge opportunity to …
HOUSTON — The Montrose Center has opened the doors on the Law Harrington Senior Living Center, an independent living community in Houston’s historic Third Ward. The community features 112 units available to residents 62 or older meeting mximum income requirements. The programming is specifically designed to appeal to LGBTQ seniors, making it the largest community of its kind in the United States and the first in Texas, according to Montrose Center. Development costs are estimated at $26.5 million. A ribbon-cutting ceremony will be held in June. Legacy Community Health will …
CLARKSTON, Mich. — KIRCO has started construction of Monark Grove Clarkston, a 175,000-square-foot seniors housing community in Clarkston, approximately 35 miles northwest of Detroit. The community features 77 independent living units, 49 assisted living units and 22 memory care units on a 17-acre site. It’s KIRCO’s first project in Michigan. Completion is slated for second-quarter 2022. Beztak will be the operator.
AKRON, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a skilled nursing and assisted living community in Akron. The property was built in 1917 and renovated in the mid-2000s. It is located near the University of Akron campus. A regional owner-operator sold the community to an undisclosed buyer for an undisclosed price.
OMAHA, Neb. — Essex Communities, an Omaha-based seniors housing design, development, construction, acquisitions, financing, marketing and property management specialist, has promoted Frankie Pane to president and chief operating officer and Michael McGillick to chief executive officer. Pane has been with Essex since 2003 and has experience leading the development of new communities, acquisition of existing communities and operations of 30 current and former Essex-managed communities. In his new role, Pane will continue high-level oversight while providing strategic direction to collaboratively secure growth, enhance corporate services and improve efficiencies throughout the …
WESTON, Fla. — The Palace Group has opened the doors on The Palace at Weston, an independent living, assisted living and memory care community in Weston, approximately 35 miles northwest of Miami. This is owner-operator Palace Group’s 10th luxury senior living community in Miami-Dade and Broward counties. It is located next door to The Palms, an active adult condominium community developed by The Palace Group. The four-story property features 130 independent living units ranging from 800 to 1,300 square feet, 144 assisted living units and a separate memory care building …
BIRMINGHAM, Mich. — Lument has arranged a $168 million bridge loan for a skilled nursing portfolio on behalf of Mitchell Family Office (MFO), a Birmingham-based investment firm focused on the healthcare industry. Proceeds of the loan funded the acquisition of the skilled nursing division of American Health Partners and was part of a larger acquisition plan in which MFO acquired all the interests of American Health Partners for an undisclosed price. Leading the transaction for Lument were Conner Girdley, director for seniors housing and healthcare, and Brandon Gill, vice president …
NEW YORK CITY — The New York office of mortgage banking company Merchants Capital has arranged an $18.2 million Housing Development Corporation (HDC) Fannie Mae Risk Share loan for Mannie Wilson Towers, a historic affordable housing development located in the Harlem neighborhood of Manhattan. Located in the former Sydenham Hospital, Mannie Wilson Towers provides 102 one- and two-bedroom units of restricted-income housing for seniors. As part of the U.S. Department of Housing and Urban Development (HUD) Section 202 program, units are restricted to residents 62 years of age and older …
MAPLE GROVE, Minn. — Grace Management Inc., a Maple Grove-based operator, has hired Sarah Moriyama as national director of hospitality and engagement. Moriyama will provide support, inspiration and training for hospitality and engagement to all of Grace Management’s senior living communities throughout the country. Prior to joining Grace Management, Moriyama built a career with Disney. She has more than a decade of leadership experience working within the many facets of operations and hospitality. Moriyama earned her bachelor’s degree in in fashion merchandising from Kent State University and her MBA from …