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Affordable HousingDevelopmentFloridaNews

Miami Beach Housing Authority, Atlantic Pacific Break Ground on 119-Unit Affordable Housing Community

by Jeff Shaw

MIAMI BEACH, Fla. — The Housing Authority of the City of Miami Beach and Atlantic Pacific Cos. have broken ground on Vista Breeze, a 119-unit affordable seniors housing development. situated near the Normandy Shores Golf Course in Miami Beach. The property represents the largest affordable housing development to break ground in Miami Beach in 45 years, according to the developers. Vista Breeze will feature Miami modern (MiMo) architecture and include onsite parking, a community center and a business center. Units will be reserved for seniors earning no more than 80 …

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NewsOperationsOregonPeople

The Springs Names Angelo Zwirn as Executive Director of Community in Medford, Oregon

by Jeff Shaw

MEDFORD, Ore. — The Springs Living has promoted Angelo Zwirn to executive director at The Springs at Anna Maria in Medford. He fills the role after his predecessor, Meaghan Walkup, was promoted to regional director of operations.  Zwirn trained closely under Walkup who continues to work closely with The Springs at Anna Maria, one of several communities under her oversight in her new role. As the new executive director, Zwirn is responsible for all community operations. Zwirn has served The Springs at Anna Maria for over a decade, most recently …

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AcquisitionsNewsTexas

Clearwater Living Acquires 220-Unit Community in Houston

by Jeff Shaw

HOUSTON — Clearwater Living has acquired The Watermark at Houston Heights, a 220-unit, Class A seniors housing community in Houston. The buyer has rebranded the community as Clearwater at The Heights. The seven-story property consists of 201 independent or assisted living residences and 19 memory care apartments. Floorplans include private studios and one- and two-bedroom layouts.

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AcquisitionsLouisianaNewsSkilled Nursing

ESI Negotiates Sale of Two Skilled Nursing Facilities in Louisiana

by Jeff Shaw

LAKE CHARLES, La. — Evans Senior Investments (ESI) has arranged a stock sale for a two-property skilled nursing portfolio in southwest Louisiana. The transaction was completed on behalf of an independent owner. Built in 1970 and 1972 and situated just 10 miles from one another in the Lake Charles area, the two communities comprise a total of 350 beds. Prior to the COVID outbreak, the portfolio maintained an average occupancy rate of 72 percent.  A few months into the pandemic, Hurricane Laura devastated the area, causing both communities to require …

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NewsPeople

Legacy Retirement Living Hires Katherine Wright as Resident Engagement Director

by Jeff Shaw

SALT LAKE CITY — Western States Lodging and Management (WSLM) has hired Katherine Wright as director of resident engagement for the company’s Salt Lake City-based seniors housing subsidiary, Legacy Retirement Communities. Wright is a nationally certified and state licensed recreational therapist with 10 years’ experience working with older adults. In addition to direct and onsite support, she is an accomplished speaker, sharing her skills and experience through presentations at the Utah Assisted Living Association Conference, Utah Recreation Therapy Association Conference, the University of Utah, and the Utah Health Care Association …

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NevadaNewsPeople

Integral Names Tamra Tsanos as Executive Director of Upcoming Community in Minden, Nevada

by Jeff Shaw

MINDEN, Nev. — Integral Senior Living has named Tamra Tsanos as executive director of Valage Senior Living at Carson Valley, scheduled to open in Minden in this fall. Additionally, Karen Malekos-Smith will be director of sales and marketing. Tsanos’s background includes roles at Alzheimer’s Services of the East Bay, Brookdale Senior Living, Mercy Retirement and Care Center, and Belmont Village Senior Living.  Malekos-Smith has held leadership roles at nationally recognized senior living communities spanning all levels of care. She also served as the clinical manager of speech, language pathology and …

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DevelopmentNewsPennsylvaniaSkilled Nursing

Marquis Completes Phase I of Renovations at Roosevelt Rehabilitation in Philadelphia

by Jeff Shaw

PHILADELPHIA — Marquis Health Consulting Services has completed Phase I of a renovation project at Roosevelt Rehabilitation & Healthcare Center in the Rhawnhurst neighborhood of Philadelphia. The 240-bed skilled nursing facility provides post-hospital care, short-term rehab and long-term residential care.  “Roosevelt is being completely transformed into a modern, home-like environment for residents — one that accommodates progressive skilled nursing care and services,” says Danielle Koons, senior regional director of market development for Marquis Health Consulting Services. A centerpiece of the renovation to date is the addition of a 3,600-square-foot rehab therapy …

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FinanceNews

Berkadia Provides $49.4M in HUD Refinancings for Five Seniors Housing Communities

by Jeff Shaw

NEW YORK CITY — Berkadia Seniors Housing & Healthcare, a New York-based financial company, has provided $49.4 million in 232/223(f) HUD refinancings across five transactions in four states.  The loans carried an average loan-to-value (LTV) ratio of 75 percent and an average term of 33 years. Four of the loans refinanced bridge loans through Berkadia’s proprietary balance sheet. Steven Muth and Rafael Nobo originated a $15.95 million loan secured by a 73-unit community in Northern Virginia for a Mid-Atlantic-based owner-operator. The assisted living and memory care community, which also features …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 40-Unit Insignia of Newnan in Suburban Atlanta

by Jeff Shaw

NEWNAN, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Insignia of Newnan, a 40-unit assisted living community in Newnan, a suburb southwest of Atlanta. The community sits on 7.3 acres. Insignia Senior Living sold the asset to focus on it core geographic markets. The Buyer is a group of individual investors partnered with a Southeast-based provider. The price was not disclosed. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB.

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