ISSAQUAH, Wash. — Revel Communities, a division of The Wolff Co., has opened Revel Issaquah, a 146-unit independent living community in the Seattle suburb of Issaquah. As Revel’s third community in Washington State, the property is located less than 20 miles outside Seattle and just outside of downtown Issaquah across from Lake Sammamish, providing residents with easy access to art galleries, shopping and entertainment.
WHEATFIELD, N.Y. — Calamar Inc., an active adult owner-operator based in the Buffalo suburb of Wheatfield, has rebranded its entire portfolio under the new name of Connect55+. The existing portfolio of 40 communities will offer an extended and more comprehensive active lifestyle program. The current development pipeline, which spans 12 states, will debut under the new banner. This initiative is the launching point for Connect55+ growth strategy to add another 6,000 units to its portfolio within the next 36 months.
SCOTTSDALE, Ariz. — Cadence Living has hired Robyn Childs as vice president of marketing for the Mountain Region. Childs will have principal responsibility for marketing strategy for Cadence’s growing portfolio of senior living communities in the Mountain Region including Cadence’s six communities in Colorado, Utah and Idaho. Childs has over 13 years of experience in marketing and operations in senior living as well as holding several regional sales and marketing positions. Prior to joining Cadence, she held corporate or regional marketing roles with The Wolff Co., Koelsch Communities, MBK Senior …
CHARLESTON, S.C. — Frampton Construction Co. LLC, a full-service construction firm based in Charleston, has promoted Joey Smith, Phillip Marino, Alex Seglem and Leigh Anne Conto. Smith, who joined Frampton Construction in 2019 as director, has been named vice president. Smith leads the daily operations of the company’s Charlotte office with a focus on client relationships and project delivery. He is a graduate of the University of North Carolina (UNC) at Charlotte, where he now serves as an executive board member for the School of Construction Management and Engineering Technologies. …
ELKHART, Ind. — Greystone has provided a $23.8 million HUD-insured loan to refinance Hubbard Hill, a nonprofit continuing care retirement community (CCRC) in Elkhart, located near the Michigan border east of South Bend. The community recently expanded to 220 units of independent living, assisted living, memory care, skilled nursing and short-term rehabilitation on its 70-acre campus. Greystone’s Lisa Fischman originated the financing, which carries a 30-year term and fixed interest rate. The loan refinances a previous HUD loan, and represents $280,000 in annual savings.
SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE) has promoted David Sedgwick from chief operating officer to president. He replaces Greg Stapley, who will continue to serve as CEO and chairman. Sedgwick is part of the San Clemente-based REIT’s original management team. He will retain his COO role while serving as president. Sedgwick brings more than 20 years’ experience in the skilled nursing and seniors housing industries to his new role. Before helping to launch CareTrust, he served as chief human capital officer and president of corporate services at …
MEDFORD, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Barnett Woods, a 70-unit independent living community in Medford, near the California border. The community was built in 1975 with a renovation in 1980. The 60,796-square-foot building sits on nearly three acres. The seller was a regional owner-operator looking to focus on higher-acuity communities. A local owner-operator acquired the property for $3.5 million and plans to remodel and reposition the asset. Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction.
CALABASAS, Calif. — Griffin Living, a seniors housing developer based in Calabasas, has hired Bebe Reed as director of healthcare operations. A registered nurse, Reed brings 25 years of management and operational experience in senior living, healthcare management, program development and staff education. Reed has overseen 20 different senior living communities in nine states, where she has trained executive directors in all areas of regulatory compliance. Additionally, she has developed policy manuals for memory care, as well as state-specific policies as new communities opened. Prior to working at Griffin Living, …
BURR RIDGE, Ill. — Health Dimensions Group (HDG) has taken over management of Brookdale Burr Ridge, with plans to reposition the community and rebrand it as Dimensions Living Burr Ridge. Burr Ridge is located near the Des Plaines river approximately 18 miles southwest of downtown Chicago. The community features assisted living, memory care, rehabilitation and skilled nursing services. The number of units was not disclosed. HDG provides management and oversight for 38 senior care and living communities in eight states, serving more than 2,000 residents and overseeing more than 2,000 …
APPLETON, Wis. — Berkadia’s Seniors Housing and Healthcare Group has secured a $32.3 million refinancing for a seniors housing facility in Appleton, located near the north bank of Lake Winnebago approximately 30 miles southwest of Green Bay. Chris Cain secured the financing on behalf of the Oregon-based owner and operator, Touchmark. Further details on the property were not disclosed. “We were able to lock in a low interest rate and provide additional equity to the borrower at closing, even with the current COVID-19 restrictions,” says Cain. “We expect to see …
