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Company NewsIllinoisNewsPeople

Covenant Living Names Tony Galvan Vice President of Resident Experience

by Hayden Spiess

SKOKIE, Ill. — Tony Galvan has joined Covenant Living Communities and Services as vice president of resident experience. Covenant is a non-profit, faith-based senior living organization. In this new role, Galvan is responsible for working with the organization’s 20 communities in all areas impacting resident life, ranging from wellness initiatives to lifestyle programming and more.  While Covenant has always placed a strong emphasis on enhancing the resident experience, this is the first leadership position to spearhead those efforts under the umbrella of operations, according to the organization. Galvan has more than …

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AcquisitionsActive AdultNewsTexas

Capital Square Acquires 62-Unit Active Adult Community in Fredericksburg, Texas

by Hayden Spiess

FREDERICKSBURG, Texas — Capital Square has acquired Woodland Cottages, an active adult community located in Fredericksburg.  Woodland Cottages totals 62 units, with 20 one-bedroom and 42 two-bedroom residences. One-bedroom and two-bedroom apartments at the property average 899 and 1,355 square feet, respectively. Amenities at the community include a 6,000-square-foot clubhouse, a swimming pool, fitness center and dedicated resident concierge.  Capital Square acquired the property on behalf of its CS1031 Texas Active Adult Living I DST fund, which is currently raising equity from accredited investors. 

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Amy-Kotterman
Company NewsNewsOhioPeople

Amy Kotterman Receives Executive Promotion at United Church Homes

by Hayden Spiess

MARION, Ohio — United Church Homes (UCH) has promoted Amy Kotterman, a registered dietitian nutritionist, to the position of senior executive director of integrated operations. In this new leadership role, Kotterman will oversee multiple interdisciplinary service lines at UCH, including middle-market housing, memory care program management and dining services. UCH serves nearly 7,000 residents across more than 90 communities in 15 states and two Native American nations. As senior executive director, Kotterman will be responsible for strategic planning, operational excellence and program integration across service lines. She will lead efforts to ensure …

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Assisted LivingDevelopmentGeorgiaIndependent LivingMemory CareNews

ASC Breaks Ground on 377-Unit Community in Athens, Georgia

by Hayden Spiess

ATHENS, Ga. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta.  Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center.  Amenities at the community will include pickleball and bocce ball facilities, pavilions with grill stations, fire …

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Assisted LivingDevelopmentFloridaMemory CareNews

Chancey Completes Development of 86-Unit Community in Marco Island, Florida

by Hayden Spiess

MARCO ISLAND, Fla. — Chancey Development, in partnership with BRW Development and Watermark Retirement Communities, has delivered The Watermark at Marco Island, a new, 86-unit community in Marco Island.  This marks the first senior living community on the island.  Totaling 103,000 square feet, the property features 66 assisted living and 20 memory care units. Chancey Architecture & Design designed the community, with Wichman Construction serving as the general contractor.  Chancey also partnered with the City of Marco Island to create a public park adjacent to the property, which is located with …

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Assisted LivingFinanceMissouriNewsSkilled NursingTexas

Cambridge Realty Capital Provides Two HUD-Insured Loans Totaling $19.3M for Properties in Missouri, Texas

by Hayden Spiess

KANSAS CITY, Mo. And NORTH RICHLAND HILLS, Texas — Cambridge Realty Capital has provided two HUD-insured loans totaling $19.3 million for seniors housing properties located in Missouri and Texas.  In Texas, the financing included a $6 million loan for the acquisition of Ashwood Court, an assisted living facility located in North Richland Hills.  In Missouri, a $13.3 million loan was provided for the refinancing of Northland Rehabilitation and Healthcare Center, a 118-bed skilled nursing facility in Kansas City.  Both borrowers utilized Cambridge’s early rate lock program, which allows for securing an …

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AcquisitionsAssisted LivingNewsSkilled NursingTennesseeVirginia

Blueprint Brokers Sale of 402-Bed Portfolio in Tennessee, Virginia

by Hayden Spiess

JOHNSON CITY, Tenn. — Blueprint has arranged the sale of a 402-bed portfolio located in Tennessee and Virginia.  Ballad Health, a Johnson City, Tennessee-based not-for-profit integrated healthcare system, was the seller.  The portfolio comprises three skilled nursing facilities and one assisted living community. Ahava Healthcare, a New York-based owner and operator, acquired the portfolio for an undisclosed price. 

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FeaturesFinanceNews

While Financing Climate Improves Significantly, Developers Still Get Cold Shoulder from Lenders, InterFace Panel Says

by Hayden Spiess

By Matt Valley The seniors housing lending market hasn’t made a 180-degree turn from a year ago when the Federal Reserve was at the peak of its monetary tightening cycle, Fannie Mae and Freddie Mac were dealing with plenty of asset management issues on their balance sheets and the loan underwriting practices of banks were quite stringent.  But the debt financing market has clearly turned a corner and is headed in the right direction, even as developers remain frustrated. That is one of the big takeaways from InterFace Seniors Housing …

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Aloha-Iā-Halewilikō_'Aiea-Hawai'i
Affordable HousingDevelopmentHawaiiNews

EAH Housing Begins Leasing at $62M Affordable Community in Hawaii

by Hayden Spiess

‘AIEA, HAWAII — Nonprofit organization EAH Housing has begun leasing at Aloha lā Halewilikō, a new affordable seniors housing community in ‘Aiea.  Totaling 140 units, the property is reserved for residents age 62 and older. Residences are available for households earning 30, 50 and 60 percent of the area median income.  Units at the community include 83 studio and 56 one-bedroom apartments, as well as a manager’s unit. Amenities at the development include a multipurpose room, walking paths, fitness facilities, community gardens and digital literacy programs. Local nonprofit partner Lanakila Pacific …

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Active AdultDevelopmentMarylandNews

Greystar to Develop Active Adult Project in Annapolis, Maryland

by Hayden Spiess

ANNAPOLIS, Md. — Greystar has announced plans to develop a new active adult project in Annapolis.  Upon completion, the community will total 175 units, with a mix of one-, two- and three-bedroom residences. Amenities at the five-story development will include a library, club room, kitchen, fitness studio, pet spa, swimming pool and exterior courtyard.  Greystar recently acquired a 2.17-acre development site within Annapolis Town Center for the project. Construction is currently underway, and leasing is scheduled to begin in spring 2026.  Annapolis Town Center features more than 50 retail stores and …

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