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Assisted LivingDevelopmentFinanceMassachusettsNews

Cushman & Wakefield Arranges $29.8M Construction Financing for Benchmark Community in Hanover, Massachusetts

by Jeff Shaw

HANOVER, Mass. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged a $29.8 million loan for the construction of Benchmark of Hanover, approximately 20 miles south of Boston. The borrower is a joint venture between Benchmark Senior Living and Iron Point Partners LLC. The property will feature 97 units of assisted living and memory care. The Cushman & Wakefield team involved in the transaction includes Rick Swartz, Jay Wagner, Sam Dylag, Jack Griffin and Joseph Carbone. “Hanover is a quintessential South Shore Boston suburb with excellent access to …

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DevelopmentMassachusettsMemory CareNews

Nauset, Anthemion Break Ground on 54-Unit Cordwainer Memory Care Community in Norwell, Massachusetts

by Jeff Shaw

NORWELL, Mass. — Nauset Construction and Anthemion Senior Lifestyles LLC have broken ground on The Cordwainer, a memory care community in Norwell, approximately 20 miles south of Boston. The community will feature 54 units in a 50,000-square-foot building. “The Town of Norwell is an ideal location for our expansion into the South Shore area,” says Tamilyn Liesenfeld, president and CEO at Anthemion Senior Lifestyles. “There is a strong demand for lifestyle communities for adults with Alzheimer’s and dementia who need personal supportive services that provide safe, independent living.” Designed by …

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Affordable HousingDevelopmentNewsTexas

Gardner Capital Breaks Ground on Gala at Central Park Affordable community in Hurst, Texas

by Jeff Shaw

HURST, Texas — Gardner Capital has broken ground on Gala at Central Park, an affordable seniors housing community in the Fort Worth suburb of Hurst. The 94-unit senior complex, with a mix of one- and two-bedroom apartments, will include a three-story residential building and a two-story clubhouse with a variety of resident amenities. Construction in slated for completion in early 2022. Treymore Construction will serve as general contractor for the project. Hurst Public Facility Corp. is the development partner, while NDC Corporate and Redstone are the financial partners for the …

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AcquisitionsNewsOhio

Grandbridge Negotiates $18M Sale of 200-Unit Community in Ohio

by Jeff Shaw

OHIO — Grandbridge Real Estate Capital’s Tampa-based Senior Housing Investment Sales team has arranged the $18 million sale of a senior living community in Ohio. The property features 200 units on a 20-acre plot. Further details on the community were not disclosed. The sales team led by Allen McMurtry, Dave Kliewer and Jay Jordan represented the seller to an all-cash buyer. The seller will continue to operate the community.

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Active AdultDevelopmentNewsTennessee

McShane to Build 138-Unit Avenida Hendersonville Near Nashville

by Jeff Shaw

HENDERSONVILLE, Tenn. — Avenida Partners has selected McShane Construction Co. to build Avenida Hendersonville, a 138-unit active adult community in the Nashville suburb of Hendersonville. The three-story building will be positioned on a five-acre site. The community will offer 6,000 square feet of amenities. Completion of Avenida Hendersonville is slated for May 2022. This will be Avenida’s third active adult community in Tennessee. The architect of record is Poole & Poole Architecture.

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DevelopmentNewsTexas

Civitas, StoneCreek Plan 104-Unit Redevelopment Project in Houston

by Jeff Shaw

HOUSTON — Civitas Senior Living, a senior living operator, and StoneCreek Real Estate Partners, a seniors housing developer, have announced plans for StoneCreek of Copperfield in Houston. The project will be a redevelopment of the Copperfield Racquet and Health Club, a longtime landmark of Northwest Houston for more than 30 years. The 98,000-square-foot community will be situated on 6.6 acres featuring 12 independent living villas as well as 74 assisted living and 18 memory care units. Other project partners include Pi Architects and interior design firm Senior By Design. Ground-up …

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CCRCDevelopmentNewsTexas

Forefront Living Buys 18.2 Acres in Plano for 236-Unit Development

by Jeff Shaw

PLANO, Texas — Forefront Living has acquired an 18.2-acre plot of land in Plano for the construction of an independent living, assisted living and memory care community, according to Dallas-based news outlet D Magazine. The plot is located on former farmland owned by the Haggard family. The faith-based, nonprofit seniors housing developer plans to construct The Outlook at Windhaven on the site. The project is slated to include 150 independent living apartments, 30 independent living cottage homes, 32 assisted living apartments and 24 memory care units. Construction is scheduled to …

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AcquisitionsNewsSkilled NursingWisconsin

SLIB Negotiates Sale of 104-Bed ManorCare Health Services in Appleton, Wisconsin

by Jeff Shaw

APPLETON, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of ManorCare Health Services in Appleton, approximately 30 miles southwest of Green Bay. The skilled nursing facility features 104 beds. The seller sought to divest of its only skilled nursing facility in the state. The buyer and price were not disclosed.

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NewsPeople

Acts Names Gene Lammers, Jim Ryan to Board Positions

by Jeff Shaw

FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, has named Dr. Gene Lammers to its board of directors. Lammers will also serve on the board of Westminster Village, an Acts affiliate community in Spanish Fort, Alabama. Lammers currently serves as medical director at Mercy LIFE of Alabama. He is also an adjunct clinical professor of medicine at the University of South Alabama College of Medicine. He has previously served as medical director of the Center for Geriatric Medicine at Indiana University Health, and has …

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