News

DevelopmentFloridaNews

Autumn Senior Living to Open Aravilla Clearwater in Florida

by Jeff Shaw

CLEARWATER, Fla. — A partnership between Autumn Senior Living, Cleveland Construction and Small Brothers has received a certificate of occupancy for Aravilla Clearwater, a memory care community in Clearwater. The 65,000-square-foot community features 84 units. Construction took 18 months. The first phase of the project includes a two-story building. The second phase of the project will begin with constructing a three-story, 105,000-square-foot assisted living community with a connection to the memory care community.

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDelawareDevelopmentNews

Acts Starts $78M Expansion Project at Country House in Wilmington, Delaware

by Jeff Shaw

WILMINGTON, Del. — Acts Retirement-Life Communities has started a $78 million expansion at Country House, a senior living community in Wilmington. The project will add 20 new cottage homes, 62 independent living apartments and a clubhouse featuring a variety of new amenities to the campus, which is home to approximately 200 residents. The 2,100-square-foot cottages will feature stone finishes, open floor plans, fully appointed kitchens, covered patios and two-car garages. Phase II of the project includes an expanded clubhouse and residential apartments. The clubhouse will include new casual and fine …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingCaliforniaDevelopmentNews

Atria Opens 200-Unit Community in San Jose

by Jeff Shaw

SAN JOSE — Atria has completed construction of Atria Almaden, a 200-unit seniors housing community in the Almaden neighborhood of San Jose. The property is located near Almaden Lake Park, Santana Row and the San Pedro Square Market. The four-story community offers assisted living and memory care. Atria opened the community with aggressive infectious disease control measures under a health and safety initiative. The company vaccinated its first residents and staff on Dec. 21 and has now vaccinated more than 30,000 resident and staff across the U.S.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFinanceNewsTexas

Bellwether Enterprise Arranges $28.9M Construction Loan for Legacy Riverside in Fort Worth

by Jeff Shaw

FORT WORTH, Texas — Bellwether Enterprise Real Estate Capital LLC has arranged a $28.9 million loan for the construction of Legacy Riverside Senior Living Community in Fort Worth. Phil Melton and Jeff Bradley, both in Bellwether Enterprise’s Dallas office, originated the loan with Cindy Hannon of Bellwether’s Atlanta office on behalf of the borrowers, Legacy Multifamily Development and RISE Residential Construction. This is the sixth loan deal in which Bellwether Enterprise has partnered with RISE Residential since 2017. Legacy Riverside will provide 264 affordable units in north-central Fort Worth, using …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCaliforniaDevelopmentNews

USA Properties Starts Construction of $114M Multifamily Complex in Simi Valley, California

by Jeff Shaw

SIMI VALLEY, Calif. — USA Properties Fund has commenced construction on two apartment projects in Simi Valley. Totaling $114 million, the combined communities will offer a total of 311 mixed-income, multi-generational units to the area. Situated on nearly 13 acres, the projects are The Landing at Arroyo, a market-rate community, and Vintage at Sycamore, an affordable seniors housing community for residents at least 62 years old. The project is located on the former Rancho Simi Recreation and Park District’s headquarters. Vintage at Sycamore will feature 99 apartments for seniors earning …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceNewsWisconsin

Walker & Dunlop Arranges $9.1M Financing for Acquisition of Tender Hearts Assisted Living in Green Bay

by Jeff Shaw

GREEN BAY, Wis. — Walker & Dunlop has arranged $9.1 million in financing for the acquisition of Tender Hearts Assisted Living, a 50-unit community in Green Bay. The property was built in 2009 and renovated in 2019. The total price of the acquisition was $10.1 million. The seller was not disclosed. Walker & Dunlop structured the HUD-insured financing on behalf of Senior Opportunity Funds Holding Co. (SOF), a seniors housing developer that has historically developed Class A independent living, assisted living and memory care communities in the Southeast. As part …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsPeople

Discovery Senior Living Hires Hilary Bullard as President of Its New Morada Senior Living Brand

by Jeff Shaw

BONITA SPRINGS, Fla. — Discovery Senior Living, an owner-operator based in Bonita Springs, has hired Hilary Bullard as the first-ever president of its Morada Senior Living brand. Bullard brings more than 15 years of experience managing seniors and multifamily housing assets for some of the industry’s most prominent investors. She most recently served as vice president of seniors housing asset management for Healthpeak Properties, a post she occupied since 2019. Bullard began her career with J.P. Morgan where she oversaw top-tier and middle-market seniors housing communities across multiple states. She …

Continue Reading
1 FacebookTwitterLinkedinEmail
DevelopmentNew JerseyNews

Thrive to Open 203-Unit Community in Montvale, New Jersey

by Jeff Shaw

MONTVALE, N.J. — Thrive Senior Living will open the welcome center on March 27 for Thrive at Montvale, a seniors housing community in Montvale. The community will feature 203 units of independent living, assisted living and memory care. The three-story building is located near Lake Tappan along the New York State border just north of Manhattan.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNews

Oxford Finance Provides $57.2M Credit Facility to Pointe Group Care

by Jeff Shaw

ALEXANDRIA, Va., and STOUGHTON, Mass. — Oxford Finance LLC has provided a $57.2 million senior credit facility and revolving line of credit to Pointe Group Care LLC. The funds were used for working capital, refinance existing debt and support the acquisition of four additional long-term care facilities in Florida. Details on the acquisition were not disclosed. Headquartered in Stoughton, Pointe Group is an owner and operator within the skilled nursing and assisted living industry. Oxford is a specialty finance firm based in Alexandria.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsMissouriNewsSkilled Nursing

SLIB Brokers Sale of 137-Bed West County Care Center in Ballwin, Missouri

by Jeff Shaw

BALLWIN, Mo. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of West County Care Center, a 137-bed skilled nursing facility in Ballwin, approximately 20 miles west of St. Louis. West County Care Center consists of private and semi-private rooms and provides therapy, adult daycare, memory care and respite services. A new operator took over the community in fall of 2019, stabilizing operations and improving financial metrics. The seller is a family-owned operator based in Missouri divesting of a non-core, under-performing asset. The buyer was a national, private real …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts