PLANO, Texas — Forefront Living has acquired an 18.2-acre plot of land in Plano for the construction of an independent living, assisted living and memory care community, according to Dallas-based news outlet D Magazine. The plot is located on former farmland owned by the Haggard family. The faith-based, nonprofit seniors housing developer plans to construct The Outlook at Windhaven on the site. The project is slated to include 150 independent living apartments, 30 independent living cottage homes, 32 assisted living apartments and 24 memory care units. Construction is scheduled to …
APPLETON, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of ManorCare Health Services in Appleton, approximately 30 miles southwest of Green Bay. The skilled nursing facility features 104 beds. The seller sought to divest of its only skilled nursing facility in the state. The buyer and price were not disclosed.
FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, has named Dr. Gene Lammers to its board of directors. Lammers will also serve on the board of Westminster Village, an Acts affiliate community in Spanish Fort, Alabama. Lammers currently serves as medical director at Mercy LIFE of Alabama. He is also an adjunct clinical professor of medicine at the University of South Alabama College of Medicine. He has previously served as medical director of the Center for Geriatric Medicine at Indiana University Health, and has …
BELLEVUE, Wash. and BOSTON — Aegis Living, a seniors housing owner and operator based in Bellevue, has acquired 10 properties from Healthpeak Properties Inc. (NYSE: PEAK). Aegis already operated the communities under a lease agreement with Healthpeak Properties, a Denver-based real estate investment trust (REIT). Aegis’ joint venture partner on the $350 million acquisition is Blue Moon Capital Partners LP, a Boston-based private equity investor in the seniors housing sector. The portfolio is located in Washington, California and Nevada, totaling 702 units of assisted living and memory care. The acquired …
FRISCO, Texas — Presidium, a real estate investment and management firm, has completed construction of Presidium at Edgestone, a luxury active adult community in Frisco, a suburb of Dallas. The 165,398-square-foot property features 188 units on 18 acres near a variety of commercial and retail developments, as well as 10 golf courses, several walking trails and the upcoming, 275-acre Grand Park. Frisco was recently recognized as having a higher growth rate than any other U.S. city in the past decade by the U.S. Census Bureau. Designed by Cross Architects and …
As we move into 2021, we look back at the 10 most-read articles on the Seniors Housing Business website throughout 2020: Urban Contemporary Design Is All the Rage Erickson Starts Construction of Sprawling 1,400-Unit Community in Richmond, Virginia What Would It Take to Make Affordable Seniors Housing a Reality? Greystone Acquires 13-Property Rosewood Care Centers Portfolio in Midwest Here’s a Three-Phase Plan to Rebuild Your Occupancy During COVID-19 Era Engel Burman Opens Encore Luxury Living on Long Island The SHB Interview: Charles Trefzger, President & CEO, Affinity Living Group Company …
CHERRY HILL, VOORHEES and STAFFORD TOWNSHIP, N.J. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged an undisclosed amount of financing for the acquisition of three seniors housing communities in New Jersey. The borrower is a joint venture between Harrison Street and LCB Senior Living. The communities, all under the Atria brand, total 263 units of assisted living and memory care. Two properties are located in the Philadelphia suburbs of Cherry Hill and Voorhees, while the third is in Stafford Township near the Jersey Shore. Cushman & Wakefield …
O’FALLON, Ill. — Premier Senior Living has unveiled plans to bring its new Revela brand to the St. Louis, Missouri, suburb of O’Fallon. Revela of O’Fallon will feature 60 units of assisted living and 32 units of memory care in an 89,000-square-foot building. Groundbreaking is scheduled for February 2021, for completion in April 2022. Revela of O’Fallon will anchor new development on the eastern edge of O’Fallon as part of a 26-acre, mixed-use project featuring office and residential uses. “This project already addresses a goal frequently discussed within our 2040 …
DALLAS, Ga. — Live Oak Bank has provided a $13 million loan for the construction of The Phoenix at Dallas, located approximately 30 miles northwest of Atlanta. Phoenix Senior Living is developing the 56-unit independent living project, which will consist of 14 quadplex cottages. The Phoenix at Dallas is Phase II of a three-phase campus build-out. The cottages, walking trails, pool, and cabana, will be built across a 15-acre parcel adjacent to the Pearl at Dallas, a memory care community also operated by Phoenix Senior Living. Ten additional acres of …
BLOOMFIELD HILLS, Mich. — Rose Senior Living, a Bloomfield Hills-based owner, has selected Life Care Services to operate Rose’s entire portfolio of seniors housing communities. The portfolio includes: Heritage at Irene Woods, Memphis, Tennessee; Rose Senior Living and Rose Villas, Avon, Ohio; Rose Senior Living, Beachwood, Ohio; Rose Senior Living, Carmel, Indiana; Rose Senior Living, Clinton Township, Michigan; and Rose Senior Living at Providence Park, Novi, Michigan. Included in the agreement is management of a seventh community, Rose Senior Living, Farmington Hills, Michigan, which is scheduled for groundbreaking in 2021.