ST. CHARLES, Mo. — Arrow Senior Living, a St. Charles-based operator, has announced 21 promotions in 2021, growing in nearly every department and expanding its executive leadership team. Among those shifting to more senior roles are six executive-level promotions. Cassie Tweten has been appointed as Arrow’s chief sales officer. She joined Arrow in 2010 and has been an integral part of developing and executing sales strategies throughout her tenure. Justin Ladd was named vice president of operations. Under his new title, Ladd will lead Arrow’s team of regional directors and …
DES MOINES, Iowa — LCS, the nation’s second-largest senior living operator, has hired Joe Weisenburger as vice president and senior director of business development. His official start date is July 6. Weisenburger, the former senior vice president of business development at healthcare REIT giant Welltower, will lead business development initiatives designed to grow revenue for all business lines in LCS. “Joe is well-known and connected in the senior living industry,” says Rick Exline, executive vice president at LCS. “We believe he can leverage these relationships to sell the value and …
SOUTHBRIDGE, Mass. — Arch Communities and WinnDevelopment have started a $25.7 million project that will transform the 104-year-old Mary E. Wells School in Southbridge into seniors housing. The property is located along the Connecticut border southwest of Worcester. Upon completion, the community will feature 62 apartments for seniors over age 55, with 48 of the apartments restricted for residents earning up to 60 percent of the area median income (AMI), eight reserved for up to 30 percent of AMI and six at market rates. The Massachusetts Department of Housing and …
HUNTINGTON STATION, N.Y., and SUMMIT, N.J. — EW Howell Construction Group has completed two new senior living facilities in Huntington Station and Summit for Sunrise Senior Living. Sunrise of Huntington is a 90-unit luxury senior community in the Long Island hamlet of Huntington Station. The two-story building features studio, one- and two-bedroom apartments offering assisted living and memory care services. The property is Sunrise’s 11th on Long Island. The second project, located in Summit, features 114 beds in a 70,000-square-foot building. Development costs were estimated at $21 million. “There has …
CENTENNIAL, Colo. — MorningStar Senior Living and Edgemark Development LLC have unveiled plans for MorningStar Senior Living at Holly Park in the Denver suburb of Centennial. Groundbreaking is scheduled for fourth-quarter 2021 for planned completion in 2023. The four-story project will be located on three acres and offer 160 units of independent living, assisted living and memory care. This will be MorningStar’s second location in Centennial and 13th in Colorado. MorningStar and Edgemark will co-develop and own the community.
SUN PRAIRIE, Wis. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Olympic Village, a 69-unit active adult community in the Madison suburb of Sun Prairie. SLIB represented the court-appointed receiver in the transaction. The residents of the community formed a new nonprofit organization to acquire the asset for $10.6 million. The campus sits on approximately 12.4 acres with units randing in size from 1,300 to 1,900 square feet. Occupancy was 99 percent at the time of sale. In addition to negotiating the transaction, SLIB also helped source …
WESTPORT, Conn. — Maplewood Senior Living has hired Dawn Jones as corporate director of resident care and Annette Cochefski as regional director of resident services for Connecticut. Jones, a board-certified nurse, will supervise the implementation of Maplewood Senior Living’s standards of resident care. She will ensure that all residents are overseen in the most efficient way, with an emphasis on quality of life, safe aging and an optimal healthy lifestyle. Jones has over 15 years of assisted living experience, previously serving as a director of nursing as well as executive …
HEALDSBURG, Calif. — Ziegler has arranged $297 million in bond financing for the development of Ensō Village, a continuing care retirement community in the Sonoma County city of Healdsburg. The borrower is Kendal Corp., which is developing the property. The California Public Finance Authority issued the tax-exempt bonds. Ensō Village is located on approximately 16 acres and will feature 221 independent living apartments, 30 assisted living apartments and 24 memory support apartments. Of the 221 independent living apartments, 20 are low-income rental apartments for retired Buddhist teachers, and 10 are …
JENISON, Mich. — HJ Sims has arranged $41.9 million in financing for Sunset Retirement Communities, a multi-campus, nonprofit senior living provider located in Michigan. In 2009, Sunset embarked on development of Waterford Place in the Grand Rapids suburb of Jenison, completing the campus in 2015. In 2020, Sunset pursued Phase III of the development, including the addition of 62 independent living apartments, 20 villas and amenity spaces. The market study for Phase III (completed in March 2020) supported the need for the expansion. COVID-19 slowed down pre-sales and created a …
HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 148-bed skilled nursing facility in Houston. The community was built in 1955 and renovated in 2009. The property is located in the Jacinto City neighborhood of Houston. The facility is approximately 36,000 square feet and is situated on approximately 1.3 acres of land. The seller is a regional owner-operator looking to consolidate its portfolio. The buyer is a regional owner-operator based in Utah that is expanding its portfolio into Texas. The price was not disclosed. Matthew Alley …