KIRKLAND, Wash. — Aegis Living has opened its second community in 2021, Aegis Living Kirkland Waterfront in Kirkland. The 98,000-square-foot development will feature 106 units of assisted living and memory care. Aegis currently has six other communities in development in Seattle and California. “Heading into 2020, we set aggressive goals to double in size over the next decade,” says Dwayne Clark, founder, CEO and chairman of Aegis Living.
OCALA, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a three-community, 144-unit assisted living portfolio in the Ocala metro area. The Belleview and 24th Road communities provide memory care services and consist of 41 units and 42 units respectively; the Deerwood community provides assisted living services and consists of 61 units. The Hampton Manor portfolio will provide the existing operator a fee-simple ownership within its existing operating platform. The buyer, seller and price were not disclosed. Bradley Clousing and Jeff Binder handled the transaction (SLIB).
BONITA SPRINGS, Fla. — Discovery Senior Living, an owner-operator based in Bonita Springs, has appointed Akash Gaur as the first-ever division president to head up Discovery Development Group and Discovery Design Concepts, the senior living provider’s in-house development, construction and design companies. Gaur brings more than 20 years of real estate development and leadership experience. He has directed a wide range of commercial, mixed-use and hospitality projects on behalf of prominent, Atlanta-based development groups. He most recently served as director of development for Legacy Ventures, a post he occupied since …
DES MOINES, Iowa, and LINCOLN, Neb. — Immanuel Communities has acquired two Lifespace retirement communities: Deerfield in Des Moines and Grand Lodge at the Preserve in Lincoln. Immanuel Communities and Lifespace Communities are both nonprofit senior living organizations. The acquisition of these communities extends Immanuel’s Midwest commitment to Iowa and Nebraska while allowing Lifespace an opportunity to continue focusing on geographic regions where it currently has multiple communities. Deerfield and Grand Lodge at the Preserve join Immanuel’s existing Signature Communities (Lakeside, Lakeside Lofts and Pacific Springs in Omaha and The …
ALBUQUERQUE, N.M. — Insight Senior Living has opened the doors at Amaran Senior Living, an assisted living and memory care community in Albuquerque. Amaran Senior Living shares a campus with Nido, a Montessori nursery, and Montessori ONE Academy, with programming for infants, preschoolers and elementary school students. Through the partnership with Nido and Montessori ONE Academy, Amaran is able to provide intergenerational programming and aspires to bring in a cross-generational experience. Residents and children are able to interact with each other throughout the day, walking back and forth from each …
BASKING RIDGE, N.J. — Braemar Partners has unveiled plans for Arbor Terrace Basking Ridge, an assisted living and memory care community in Basking Ridge, approximately 35 miles west of Manhattan. Groundbreaking is scheduled for later this year for completion in early 2023. When completed, the property will feature 27 assisted living apartments, 24 units for seniors in early stages of dementia and 29 units for full memory care. The Arbor Company, which operates other senior living communities in New Jersey, will operate the community when it opens. This will be …
COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Polaris Retirement Community, a 136-unit independent living community in Columbus. The four-story community is directly adjacent to the POLARIS Commerce Center, Ohio’s largest mixed-use development. The top floor was built to assisted living licensing specifications for added options in the future. Developed in collaboration with Pittsburgh-based Graziano Construction and Development Company Inc. and Sweetbay Senior Living, Polaris Retirement Living Properties LP engaged Blueprint to market the property and facilitate the sale process. United Church Homes Inc. (UCH), …
BENBROOK, Texas — Plains Commercial has arranged the sale of Benbrook Nursing and Rehab in Benbrook, approximately 10 miles southwest of Fort Worth. Originally built in 1969 the facility is currently licensed for 115 beds. The seller is a regional owner-operator that decided to cull its portfolio and exit the Dallas-Fort Worth metroplex. The buyer was a regional owner-operator looking to expand its Texas portfolio via a 1031 exchange. The price was not disclosed. Daniel Morris with Plains Commercial handled the transaction.
ALEXANDRIA, Va. — Trammell Crow Co. (TCC) plans to develop a 383,000-square-foot mixed-use development in Alexandria. Located at 765 John Carlyle St., the Class A project will include a 268,000-square-foot seniors housing property and a 115,000-square-foot medical office building. The buildings will be constructed above a common podium, offering a mix of retail uses and a 440-space parking garage. Construction is slated to begin in the third quarter of 2022 for completion by the end of 2024. The 18-story seniors housing building will include approximately 215 residences that will offer …
ROLLING HILLS ESTATES, Calif. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged $23 million in construction financing for Peninsula Pointe, a to-be-built, 87-unit, assisted living and memory care community in Rolling Hills Estates on the Palo Verdes Peninsula. The borrower is a joint venture between Singerman Real Estate and Darnell Capital. The project includes the redevelopment of an existing, vacant office building into a luxury, three-story, 65,000-square-foot seniors housing community to be operated by Cadence Living. A large regional bank provided the financing.
