News

Assisted LivingDevelopmentNew YorkNews

Maplewood, OHI Open Inspīr Carnegie Hill High-Rise Community on Upper East Side of Manhattan

by Jeff Shaw

NEW YORK CITY — Maplewood Senior Living and Omega Healthcare Investors Inc. (NYSE: OHI) have opened Inspīr Carnegie Hill, a high-rise seniors housing community in Manhattan’s Upper East Side neighborhood. The property is the first to open under Maplewood’s luxury Inspīr brand. Rising 23 stories, the community features 215 units of assisted living, memory care and what the company calls “enhanced care.” Claire Davenport will serve as house geriatrician through a collaboration with the Brookdale Department of Geriatrics and Palliative Medicine at the Icahn School of Medicine at Mount Sinai, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsTechnology

NIC Expands Data Capabilities by Acquiring Analytics Platform VisionLTC

by Jeff Shaw

ANNAPOLIS, Md., and RALEIGH, N.C. — The National Investment Center for Seniors Housing & Care (NIC) has acquired Raleigh-based VisionLTC, a data analytics platform serving the seniors housing industry. Together, Annapolis-based NIC and VisionLTC are creating a new company called NIC MAP Vision. The new service will integrate the NIC MAP Data Service with VisionLTC’s data for investors, owners and operators. VisionLTC’s chief executive officer Arick R. Morton will lead the new company. “NIC MAP Vision is the culmination of nearly two years of strategic planning by NIC’s board, which …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingFinanceIowaKeyBankNews

KeyBank Funds $17M HUD Refinancing for Two Bickford Properties in Iowa

by Jeff Shaw

DAVENPORT and MARION, Iowa — KeyBank Real Estate Capital (KBREC) has secured $17 million of fixed-rate Federal Housing Administration loans for Bickford Senior Living, a senior living owner and operator based in Olathe, Kansas. The loans will refinance debt for Bickford of Davenport and Bickford of Marion, both located in Iowa. The buildings each were built in 1998 on 2.5 acres. Bickford of Davenport comprises 42 beds, 35 for assisted living and seven for memory care. Bickford of Marion comprises 38 beds, 31 for assisted living and seven for memory …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsTechnology

Omega Acquires Connected Living to Support Social Connection in Seniors Housing

by Jeff Shaw

HUNT VALLEY, Md. — Omega Healthcare Investors Inc. (NYSE: OHI) has acquired Connected Living, a technology platform that enables communication and connection for today’s aging adult communities. For over a decade, Connected Living’s mission has been to provide technology solutions and services that inspire an aging population to connect, contribute and live each day to its fullest, according to OHI. “Human connection and engagement have always been key elements of effective resident care, and the pandemic has reinforced their importance,” says Taylor Pickett, Omega’s CEO. “Through Connected Living, we look …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsPeople

American House Hires Mary Anderson as Chief Human Resources Officer

by Jeff Shaw

SOUTHFIELD, Mich. — American House Senior Living Communities, a Southfield-based operator, has hired Mary Anderson for the role of chief human resources officer. Anderson will also serve as the chief human resources officer for affiliated companies REDICO and Continuum Services. Anderson is responsible for the creation and implementation of human resource strategies, policies, and programs across American House’s portfolio of more than 50 communities in five states. Anderson has 32 years of experience in the field of human resources and organization development. Her prior assignments have included three of the …

Continue Reading
0 FacebookTwitterLinkedinEmail
ColoradoDevelopmentNews

Ryan Cos., Cadence Plan 156,622 SF Acoya Cherry Creek in Denver

by Jeff Shaw

DENVER — Ryan Cos. US Inc. and Cadence Living have unveiled plans for Acoya Cherry Creek, a seniors housing community in the Cherry Creek neighborhood of Denver. Totaling 156,622 square feet and 137 units, the project will be the first Acoya-branded community in the Denver market and the third in Colorado. The types of care were not disclosed. According to Moore Diversified Services, the senior population in the Denver area is expected to increase by more than 26 percent over the next five years. “Not only is there a need …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIndependent LivingNewsOregon

Live Oak Provides $28.5M Construction Financing for Independent Living Expansion in Salem, Oregon

by Jeff Shaw

SALEM, Ore. — Live Oak Bank has provided a $28.5 million loan for the construction of a 142-unit independent living expansion in Salem, approximately 45 miles south of Portland. The borrower is Mosaic Management. The project will be Phase II of a larger campus, which already includes a 138-unit assisted living and memory care building that was completed in May 2019. The expansion will total 147,000 square feet on an 8.9-acre plot.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGeorgiaIndependent LivingNews

Phoenix Senior Living Underway on 56-Unit Independent Living Community in Dallas, Georgia

by Jeff Shaw

DALLAS, Ga. — Phoenix Senior Living has started construction of The Phoenix at Dallas in Dallas, approximately 30 miles northwest of Atlanta. This project, scheduled for completion by March 2022, is adjacent to Phoenix’s existing memory care community, The Pearl at Dallas. Phase I of the project will add 56 independent living luxury cottages to the campus, with each totaling 1,220 square feet. Details on future phases were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsMemory CareNewsOregon

Cushman & Wakefield Arranges $25M Sale of Memory Care Community in Portland

by Jeff Shaw

PORTLAND, Ore. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged the off-market sale of a 99-unit,114-bed memory care community in a Portland for $25 million. This represents the second sale of the community within a 15-month period for the firm, with the first sale as part of a larger portfolio disposition of non-core assets for a public REIT. The seller was a privately owned, California-based national operator. The buyer is a growing regional owner-operator based in the Portland metro area. The Cushman & Wakefield team involved in …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsOperationsWisconsin

Health Dimensions Group to Manage Two Former Brookdale Communities in Wisconsin

by Jeff Shaw

APPLETON and STEVENS POINT, Wis. — Health Dimensions Group (HDG) has taken over operations of two seniors housing communities in Wisconsin. The repositioning of Brookdale Appleton to Dimensions Living Appleton and Brookdale Stevens Point to Dimensions Living Stevens Point took place on March 1. Dimensions Living Appleton is an assisted living and memory care senior living community surrounded by woods and new walking paths yet still close proximity to shops, parks, theatres, and the Timber Rattlers baseball stadium. Dimensions Living Stevens Point, located in Stevens Point, provides independent and assisted …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts