News

Assisted LivingFinanceNewsWashington

CBRE Arranges $10M Bridge Loan for Emerald City Senior Living in Seattle

by Jeff Shaw

SEATTLE — CBRE Senior Housing has arranged $10 million in financing for Emerald City Senior Living, a 119-unit assisted living and memory care community in Seattle. The community sits six miles north of downtown Seattle within the Maple Leaf neighborhood, a burgeoning and affluent residential area of Seattle. Built in 2006 by a seniors housing architect, the community features high-end amenities. Aron Will, Austin Sacco and Adam Mincberg of CBRE Senior Housing, arranged the financing on behalf of a joint venture between Capitol Seniors Housing and a large university endowment. …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNew YorkNews

SLIB Negotiates $8M Sale of Manor Hills Assisted Living in Wellsville, New York

by Jeff Shaw

WELLSVILLE, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Manor Hills Assisted Living for $8 million. Located in Wellsville, near the Pennsylvania border south of Rochester, the asset features 89 units of assisted living and memory care. It was built in 1989. The seller is a private owner that previously divested its skilled nursing portfolio. The buyer is an Albany-based private owner-operator. Dave Balow from SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaNewsOperationsPeople

Watercrest Senior Living Group Promotes James Brassard to Executive Director of Pelican Landing

by Jeff Shaw

SEBASTIAN, Fla. — Watercrest Senior Living Group has promoted James Brassard to executive director of Pelican Landing Assisted Living and Memory Care in Sebastian. The former executive director, Michelle Miller, was recently promoted to regional director of clinical operations. Brassard joined the Watercrest family in 2019 as director of sales at Palm Bay Memory Care, and was later promoted to executive director there. Brassard has extensive expertise in senior living start-ups and turn-around communities. A recipient of the FALA Sales and Marketing Director of the Year award, he has multi-site …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentNewsSouth Carolina

LCS Completes Expansion Project at Rolling Green Village in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Life Care Services and LCS Development have completed an expansion project at Rolling Green Village, a continuing care retirement community in Greenville. The project added 60 apartments, 23 single-family houses and duplexes, and a new commons building with a variety of amenities. Sitting on 175 acres, Rolling Green Village claims to the be the largest nonprofit employer in the state. “The genesis for this expansion started in a resident committee and was picked up and made actionable through the combined effort of the board, Life Care Services …

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaNewsOperationsTennessee

Veritas Senior Living Takes Over Management of Two Communities in Southeast

by Jeff Shaw

ASHLAND CITY, Tenn., and KENNESAW, Ga. — Veritas Senior Living, an operator based in Tennessee, has added Vantage Pointe Village in Ashland City and Gaines Park Senior Living in Kennesaw into its portfolio. The new communities will bring Veritas’s total number of communities to six. The operator has added three communities in 2021 so far. “We’re experiencing tremendous and fast-paced growth despite our careful navigation of COVID,” says Matthew Fox, Veritas founder and CEO.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceFloridaNewsSkilled Nursing

Monticello Provides $58.1M Financing for a 607-Bed Skilled Nursing Portfolio in Florida

by Jeff Shaw

FLORIDA — Monticello has provided $58.1 million in first lien debt financing for the refinance of five skilled nursing facilities consisting of 607 beds in Florida. The borrower is an experienced owner and operator with a current portfolio of over 35 buildings across Florida and has an established relationship with Monticello. Prior to this deal, Monticello financed the acquisition of a number of facilities during 2018 for the sponsor. Further details on the portfolio were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTennessee

SLIB Brokers Sale of Two Communities in Tennessee

by Jeff Shaw

TENNESSEE — Senior Living Investment Brokerage has arranged the sale of two identical assisted living and memory care communities totaling 174 units in Tennessee. The buildings were constructed in 2000 and have vacant land available for future expansion. The locations and acquisition price were not disclosed. The seller is an independent owner-operator and the buyer is a partnership between a REIT and an operator targeting growth throughout Tennessee. Patrick Burke and Dave Balow of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
New YorkNewsOperationsPeople

Sunshine Retirement Living Hires Marion Piciullo as Executive Director of Juniper Glen in East Amherst, New York

by Jeff Shaw

EAST AMHERST, N.Y. ­— Sunshine Retirement Living has hired Marion “Mimi” Piciullo as the new executive director of Juniper Glen Assisted Living and Memory Care in the Buffalo suburb of East Amherst. Piciullo is responsible for all day-to-day management and operations of the community, including financials, marketing, government and community relations. She will also oversee all health and safety programs, including new heightened procedures and protocols to prevent and mitigate COVID-19 infection, which includes a pioneering technology called Needlepoint Bipolar Ionization that eliminates 99.4 percent of the SARS-COVID-2 virus that …

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesInvestmentNews

In Seniors Housing, Investment Decisions Should Be Based on Trusted Partners, Say InterFace Panelists

by Jeff Shaw

ATLANTA — The beginning of the COVID-19 pandemic made everyone question the future, and for investors and owners in the seniors housing business sector, things were rocky. The National Investment Center for Seniors Housing and Care reported the occupancy rate in seniors housing facilities decreased 680 basis points in 2020 to record lows. In 2021, there has been a rebound in confidence in the economy as people return to working in an office and many Americans have been fully vaccinated against COVID-19. Additionally, occupancy rates in seniors housing properties have …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentFinanceFloridaNews

CBRE Arranges Construction Financing for 130-Unit Anthology Boynton Beach in Florida

by Jeff Shaw

BOYNTON BEACH, Fla. — CBRE Senior Housing has arranged construction financing for Anthology Boynton Beach, a Class A, 130-unit senior living community located in the South Florida city of Boynton Beach. Aron Will, Austin Sacco and Tim Root of CBRE Senior Housing arranged the financing on behalf of  a joint venture between Anthology Senior Living and Harrison Street. The community will be operated Anthology, CA Ventures’ vertically integrated senior housing platform. Situated on a 5.3-acre site near the heart of Boynton Beach, the community will be a part of a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts