Sunday, December 22, 2024
Read the Magazine Subscribe

News

Seniors-Housing-Facility_Manalapan-Township-N.J
AcquisitionsAssisted LivingMemory CareNew JerseyNews

Blueprint Arranges Sale of 60-Unit Assisted Living, Memory Care Facility in New Jersey

by Hayden Spiess

MANALAPAN TOWNSHIP, N.J. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a Class A seniors housing facility located in Manalapan Township, roughly 45 miles outside New York City. Delivered in 2022, the community includes 60 residences and features both assisted living and memory care units. Ben Firestone, Steve Thomes and Kory Buzin of Blueprint represented the New Jersey-based seller in the transaction.  Springpoint, the tenant in place at the property, acquired the community for an undisclosed price. According to Blueprint, the facility experienced occupancy issues during its first …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsFeaturesNew YorkNewsPeople

Perry Freitas Joins Lighthouse Capital as Managing Director of Originations

by Channing Hamilton

NEW YORK CITY — Lightstone Capital has hired industry veteran Perry Freitas as managing director of originations. In his new role, Freitas will lead the nationwide sourcing, structuring and originating of commercial real estate debt investments as part of Lightstone Capital’s growth strategy. Prior to joining Lighthouse Capital, Freitas spent the last two decades at Hudson Realty Capital, a New York City-based commercial real estate investment management firm, where he most recently served as a managing director. He was involved in over $4 billion in transactions and was directly responsible for originating, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Corso Atlanta in Atlanta
FinanceGeorgiaNews

Newmark Arranges $140M Recapitalization for Seniors Housing Community in Atlanta

by Channing Hamilton

ATLANTA — Newmark has arranged the $140 million recapitalization of Corso Atlanta, a seniors housing community in Atlanta. Located at 3200 Howell Mill Road, the property features 203 units. Sarah Anderson, Chad Lavender, Ryan Maconachy, Mills Poynor and Ben McElroy secured a 10-year Freddie Mac senior loan and a preferred equity investment from the Kayne Anderson Real Estate Debt platform on behalf of the owner, Galerie Living. The Freddie Mac loan features five years of interest-only payments. Amenities at Corso Atlanta include a bistro and creperie, heated pool, fitness center, salon, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingIllinoisIndependent LivingMemory CareNews

Chicago Pacific Founders Sells Seniors Housing Portfolio to Ventas For $725M

by Channing Hamilton

CHICAGO — Chicago Pacific Founders has sold a 20-property seniors housing portfolio to Ventas for $725 million. JLL brokered the all-cash transaction. The portfolio comprises communities in the Sun Belt, Northeast and Midwest markets. Roughly two-thirds of the properties are independent living communities, with the remainder of the assets falling into the categories of assisted living and memory care. The communities are spread across 14 states including Alabama, Arizona, Florida, Illinois, Kansas, Maine, Michigan, Nevada, New York, Ohio, Oklahoma, South Carolina, Tennessee and Texas. Chicago Pacific Founders owned the portfolio properties in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Clearfield Apartments in Philadelphia
Affordable HousingDevelopmentFinanceNewsPennsylvania

Berkadia Secures $13.6M Financing for Affordable Seniors Housing Development in Philadelphia

by Channing Hamilton

PHILADELPHIA — Berkadia has secured a $13.6 million Low-Income Housing Tax Credit (LIHTC) equity investment for the development of Clearfield Apartments, a 48-unit affordable seniors housing community in Philadelphia’s Allegheny West neighborhood.  Chris McGraw, senior vice president based in Berkadia’s Charlotte, N.C. office, secured the equity investment on behalf of the sponsor, NewCourtland.  When completed, Clearfield Apartments will consist of 48 one-bedroom units in one four-story, elevator-serviced building serving seniors age 62 and above. All 48 units will operate under a project-based rental subsidy through the Faircloth-to-Rental Assistance Demonstration (RAD) program. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Novum Capitol View in Austin, Texas
Active AdultDevelopmentNewsTexas

AOG Living Breaks Ground on 168-Unit Active Adult Community in Austin, Texas

by Channing Hamilton

AUSTIN, Texas — AOG Living has broken ground on Novum Capitol View, a 168-unit active adult project in Austin. Scheduled for completion in late 2025, the property will offer studio, one- and two-bedroom units for residents ages 55 and older. Amenities will include weekly programming and activities, a saltwater pool, dog park, putting green, community gardens, a grilling station, yoga and aerobics room, hair and nail salon, fitness center, multi-purpose activity room and theater and game lounge. AOG Living will manage the community. CBRE arranged construction financing for the development …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsFloridaNewsOperationsPeople

Kristin Ward Departs AgeWell Solvere Living, Launches Austera Group Consultancy

by Channing Hamilton

NORTH PALM BEACH, Fla. — Kristin Ward, co-CEO and co-founder of seniors housing management firm AgeWell Solvere Living, plans to depart the North Palm Beach-based company. Ward will serve in her current role through to the end of the year and continue to collaborate with AgeWell Solvere as a strategic advisor in the future. Upon her departure, Ward will launch a new consultancy dubbed Austera Group. Ward also previously served as president and CEO of Solutions Advisors Group. 

Continue Reading
0 FacebookTwitterLinkedinEmail
The Lodge at Greeley in Greeley, Colorado
AcquisitionsAssisted LivingColoradoIndependent LivingMemory CareNews

JLL Brokers $30M Sale of Colorado Seniors Housing Portfolio 

by Channing Hamilton

GRAND JUNCTION AND GREELEY, Colo. — JLL has brokered the $30 million sale of a seniors housing portfolio located in Colorado. The portfolio comprises two private pay communities — The Lodge at Greeley and The Lodge at Grand Junction — totaling 140 units. Bow River Capital sold the properties to an undisclosed buyer. JLL Capital Markets represented the seller in the transaction.  Delivered in 2020, The Lodge at Greeley in Greeley offers 92 residences, with 20 independent living units, 48 assisted living units and 24 memory care units in studio and …

Continue Reading
0 FacebookTwitterLinkedinEmail
David Smart
CaliforniaCompany NewsNewsOperationsPeople

David Smart Named Executive Director of Ensō Village Seniors Housing Community in Healdsburg, California

by Channing Hamilton

HEALDSBURG, Calif. — David Smart has been named the new executive director of Ensō Village, a seniors housing community reserved for residents ages 60 and up in Healdsburg. Smart, who has more than two decades of experience in senior living and community management, will take on the role in January 2025. A collaborative initiative between the San Francisco Zen Center and The Kendal Corp., Ensō Village is a Zen-inspired Kendal Life Care Community, with a focus on mindful aging, sustainability and contemplative care.  “There are so many things about Ensō Village …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cedar Sinai Park in Portland
AcquisitionsAssisted LivingNewsOregonSkilled Nursing

Cedar Sinai Park Sells 246-Unit Seniors Housing Campus in Portland, Oregon

by Channing Hamilton

PORTLAND, Ore. — Nonprofit Cedar Sinai Park has sold its namesake seniors housing campus totaling 246 units in southwest Portland. Situated within four miles of downtown Portland, the Cedar Sinai Park campus comprises Rose Schnitzer Manor, a 154-unit assisted living community; Robison Jewish Health Center, a 44-bed skilled nursing facility; and the Harold Schnitzer Center for Living, a 48-bed skilled nursing facility. Built in 2016, the Harold Schnitzer Center for Living also offers adult day care services. Rose Schnitzer Manor was constructed in 1998 and 2002, and Robison Jewish Health Center …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts