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Affordable HousingDevelopmentGeorgiaNews

Tapestry Development, Columbia Residential Open $19M Stride Senior Residences Near Atlanta

by Jeff Shaw

DECATUR, Ga. — Tapestry Development Group and Columbia Residential have opened Stride Senior Residences, a 90-unit affordable seniors housing community in Decatur, just east of Atlanta. Development costs were estimated at $19 million. A grand opening ceremony was held May 27 at the property. The transit-oriented community provides critical affordability in a high-cost area, according to the developers. Eighty percent of the units serve seniors earning below 60 percent of the area median income. The location features walkable access to a variety of retail, grocery stores, restaurants, professional services options, …

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FinanceFloridaNews

CBRE Arranges $78M Refinancing for Community in Miami

by Jeff Shaw

MIAMI — CBRE has arranged $78 million in financing for an upscale seniors housing community near the University of Miami. Aron Will, Austin Sacco and Adam Mincberg of CBRE Senior Housing arranged the three-year, floating-rate loan with full-term interest-only payments. A debt fund provided the capital, which refinances existing debt. Further details on the property were not disclosed.

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NewsPeople

Aegis Living Hires Constance Schein as Senior Vice President of Clinical and Health Services

by Jeff Shaw

BELLEVUE, Wash. — Aegis Living, a Bellevue-based owner-operator, has hired Constance Schein as senior vice president of clinical and health services. Schein will lead nursing and care initiatives across the company, as the company moves toward a more integrated healthcare model and focuses on wellness. In addition to overseeing all nursing and care, Schein will manage and develop existing and new healthcare partnerships, enlist new technology to improve resident care, and support general managers in hiring, developing and retaining talent. Prior to joining Aegis Living, Schein served as vice president …

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DevelopmentNewsTexas

Watermark, Hines Plan 222-Unit Luxury Community in Houston

by Jeff Shaw

HOUSTON — Watermark Retirement Communities and Hines have unveiled plans for The Watermark at Houston Heights, a 222-unit independent living, assisted living and memory care community in Houston’s Greater Heights neighborhood. The seven-story property will be the tallest building in the neighborhood, with views of the downtown skyline. Two of the floors will be fully dedicated to amenity space. The Watermark at Houston Heights is the fifth addition to Watermark’s upscale Élan Collection communities. The development is scheduled for completion in January 2022. Project partners include Munoz + Albin Architecture …

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FeaturesNews

ASHA Announces Senior Living Hall of Fame Class of 2021

by Jeff Shaw

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA), a D.C.-based advocacy organization for the seniors housing industry, has announced the 2021 inductees to the Senior Living Hall of Fame: Carl Campbell of CAMLU, Robert and William Thomas of Senior Star and Patricia Will of Belmont Village Senior Living. “These innovative leaders have helped to build an industry dedicated to the care of our elders,” says David Schless, president of ASHA. “We are very grateful to them and their commitment to senior living.” The 2021 Senior Living Hall of Fame …

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AcquisitionsAssisted LivingFinanceNewsTexas

JLL Arranges Sale of, $21.3M Financing for The Shores at Clear Lake in Houston

by Jeff Shaw

HOUSTON — JLL Capital Markets has arranged the sale of The Shores at Clear Lake, a 100-unit senior living community in Houston. JLL worked on behalf of the seller, Meridian Realty Advisors, to complete the sale to the buyer, Chicago Pacific Founders. JLL also represented the buyer to secure a $21.3 million, 10-year, floating-rate loan through Freddie Mac as part of the transaction. JLL Real Estate Capital will service that loan. Sitting on almost eight acres and totaling nearly 90,000 square feet, The Shores at Clear Lake offers 66 assisted …

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FinanceNewsPeople

Bellwether Enterprise Hires Taylor Mokris as Senior Vice President of Seniors Housing and Care

by Jeff Shaw

CHARLOTTE, N.C. — Bellwether Enterprise Real Estate Capital has hired Taylor Mokris as senior vice president of seniors housing and care. Mokris will play a leadership role in the development and execution of the growth strategy for Bellwether Enterprise’s seniors housing and care mortgage lending platform. He joins the team under Ryan Stoll, who was appointed national director of seniors housing and care in March. Mokris will be based in the Charlotte office. Mokris has over 10 years of experience in commercial real estate, including relationship management, originations, underwriting and …

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DevelopmentIndependent LivingNew YorkNews

EW Howell Construction Group Completes Hotel Conversion in Plainview, New York

by Jeff Shaw

PLAINVIEW, N.Y. — EW Howell Construction Group has completed The Residences at Plainview, an upscale independent living community in the Long Island hamlet of Plainview. Capitol Seniors Housing is the developer and Chelsea Senior Living is the operator for the new 150,000-square-foot community, which features 114 units. EW Howell Construction Group provided pre-construction and construction management services for the project, which converted a former Residence Inn by Marriott into seniors housing. Meyers Architects designed the conversion, with Meyer Senior Living Studio handling interiors and amenities.

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Affordable HousingDevelopmentNewsTexas

KWA Construction Builds 120-Unit Affordable Community in Fort Worth

by Jeff Shaw

FORT WORTH, Texas — KWA Construction has completed Phase II of Columbia Renaissance Square in Fort Worth. Columbia Residential developed the 120-unit affordable senior living community for persons age 62 and above. Designed with improved energy efficiency, indoor air quality and lower utility costs, the residences are built to achieve certification by National Green Building Standard. JHP Architecture designed the three-story, 95,015-square-foot building. Purpose Built Communities, a nonprofit consulting firm, was also a partner on the project.

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DevelopmentMemory CareNevadaNews

Oakmont Finishes 31-Unit Memory Care Expansion at Community in Las Vegas

by Jeff Shaw

LAS VEGAS — Oakmont Senior Living has completed an expansion and renovation project at Oakmont of Las Vegas, which included the new construction of 31 memory care units. “Memory care is an essential part of continuity of care and important to families who don’t want to uproot their loved ones should they need to transition to this type of care,” says Melon Rivera, executive director at Oakmont of Las Vegas. The community already offered independent living and assisted living. In addition to the new memory care neighborhood, the multi-million-dollar renovation …

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