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Lloyd Jones Appoints Andy Carroll as Chief Investment Officer

by Jeff Shaw

MIAMI — Lloyd Jones LLC, a Miami-based private equity firm, has named Andy Carroll chief investment officer to guide the firm’s multifamily and seniors housing investment strategies. Carroll is the former director of investments for American House Senior Living, one of the nation’s largest owner-operators. Previously he served as director of underwriting for the firm’s affiliate and has closed over $1 billion in seniors housing investments since 2008. During his more than 15-year tenure with the firm, he managed underwriting, due diligence, closings and recapitalizations across a variety of real …

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FinanceKeyBankNevadaNewsSkilled Nursing

KeyBank Provides $30.8M in HUD-Insured Financing for Capital Senior Ventures

by Jeff Shaw

LAS VEGAS — KeyBank Real Estate Capital (KBREC) has provided two fixed-rate U.S. Federal Housing Administration (FHA) loans totaling $30.8 million for Capital Senior Ventures. Uses of FHA insured loan proceeds were to refinance a portion of a KeyBank-agented senior secured interim bridge financing. The properties are two skilled nursing facilities in Las Vegas – Silver Hills and Silver Ridge Health Care Centers — that are operated by Covenant Care. Silver Hills, originally built in 1998 and renovated in 2013, comprises 150 operating beds (80 units) and provides physical, speech …

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AcquisitionsCompany NewsNews

GlynnDevins Acquires Bluespire in Major Seniors Housing Marketing Firm Merger

by Jeff Shaw

KANSAS CITY, Mo. — GlynnDevins, a Kansas City-based marketing firm specializing in seniors housing, has acquired fellow seniors housing marketing firm Bluespire. This is the second marketing and technology company GlynnDevins has acquired in the past four months, following the October purchase of Linkmedia360. “Our clients demand smarter, more efficient methods to support lead generation and sales strategies,” says Chris Egan, GlynnDevins president and CEO. “As we diversify our business by serving core industries within our growth model, we will continue to explore and assess opportunities to advance our position …

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Active AdultDevelopmentGeorgiaNews

Greystar Opens Leasing at Overture Powers Ferry Active Adult Community Near Atlanta

by Jeff Shaw

CUMBERLAND, Ga. — Overture Powers Ferry, Greystar’s newest 55+ active adult community, is now leasing with first move-ins planned for this fall. The community features 171 one- and two-bedroom apartment homes, available to individuals over the age of 55, and is located in the first-ring Atlanta suburb of Cumberland. The community is situated just north of Atlanta’s upscale Buckhead neighborhood. The property features 12,000 square feet of community space for gatherings. Apartments range from 555 to 1,405 square feet, with rents starting at $1,543 per month.

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FeaturesNewsSkilled Nursing

AHCA, LeadingAge Suggest Nursing Homes Get at Least 75 Percent of Staff Vaccinated by June 30

by Jeff Shaw

WASHINGTON, D.C. — The American Health Care Association (AHCA), representing more than 14,000 nursing homes and long-term care facilities across the country, and LeadingAge, the association of more than 5,000 aging services providers including nursing homes, have set a nationwide goal for nursing home staff vaccinations. With the help of the Centers for Disease Control and Prevention (CDC), the D.C.-based organizations recommend that 75 percent of the approximately 1.5 million nursing home staff throughout the country be vaccinated against COVID-19 by June 30, 2021. “With COVID-19 vaccinations being distributed across …

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Affordable HousingDevelopmentMarylandNews

Pennrose Opens Phase II of Residences at Glenarden Hills Affordable Community in Maryland

by Jeff Shaw

GLENARDEN, Md. — Pennrose, Redevelopment Authority of Prince George’s County, B&W Solutions and SHABACH! Ministries has opened Residences at Glenarden Hills II, an affordable housing expansion in the Washington, D.C. suburb of Glenarden. The development is the second of the six-phase Glenarden Hills master-planned community, which will include senior and family affordable apartments, market-rate and affordable rental townhomes and for-sale townhomes across 27 acres. The Residences at Glenarden Hills II extends and completes the four-story building built in Phase I, adding an additional 55 units of affordable seniors housing, a …

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AcquisitionsCompany NewsNews

Brookdale Agrees to Sell Majority Stake in Home Health, Hospice, Outpatient Therapy Business to HCA Healthcare for $400M

by Jeff Shaw

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the nation’s largest operator of senior living communities, has agreed to sell a majority stake in Brookdale Health Care Services (BHS) to HCA Healthcare for $400 million. The BHS unit offers home health, hospice and outpatient therapy services. BHS operates 57 home health agencies and 22 hospice agencies across 26 states, along with 84 outpatient therapy locations. Brookdale will retain a 20 percent stake in the business. HCA Healthcare is one of the nation’s leading providers of healthcare services, comprising more …

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DevelopmentNewsWashington

Spellman Brady Completes Interior Redesign for Touchmark at Fairway Village in Vancouver, Washington

by Jeff Shaw

VANCOUVER, Wash. — Spellman Brady & Co. (SBC) has completed the comprehensive interior design for the renovation of Touchmark at Fairway Village in Vancouver. In addition to developing the overall interior design concept, Spellman Brady was responsible for managing product selections, specifications, procurement and installation of furniture, window treatments, artwork and accessories. Spellman Brady’s scope of work for Touchmark at Fairway Village consisted of a full interior renovation of 78,580 square feet of public corridors, resident amenity spaces and operational office areas. The full-service community includes 123 independent living, 86 …

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Company NewsNews

Evans Senior Investments, Carnegie Capital Announce Brokerage Joint Venture

by Jeff Shaw

AUSTIN, Texas, and CHICAGO — After years of working together through an informal partnership, Chicago-based brokerage firm Evans Senior Investments (ESI) and Austin-based financial intermediary Carnegie Capital have announced a strategic joint-venture. The venture aims to bring both companies’ respective brokerage practices under a seamless platform for seniors housing and skilled nursing owners. “We have long seen the fragmented and opaque nature of the Capital Markets space in our industry; it is often frustrating and inefficient for the owners and buyers that we represent,” says Jeremy Stroiman, CEO of ESI. …

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CaliforniaNewsOperationsPeople

Kisco Senior Living Hires Ricardo Romero as Executive Director at Drake Terrace in San Rafael, California

by Jeff Shaw

SAN RAFAEL, Calif. — Kisco Senior Living has named Ricardo Romero as the new executive director of Drake Terrace in the Bay Area city of San Rafael. Romero brings more than 13 years of senior living experience to his new role. He has held multiple positions at senior living communities across the Bay Area, including business office manager, concierge manager and activities director. He previously served as the resident relations director at Byron Park, a sister community to Drake Terrace. Romero joined Kisco Senior Living in 2019. As executive director …

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