CARROLLTON, Texas, and OKLAHOMA CITY — Surpass Senior Living has taken over management of The Gardens at Quail Springs in Oklahoma City and Carrollton Gardens in Carrollton. Surpass Senior Living is a subsidiary company of McFarlin Group LLC, a Dallas-based private equity firm focused on the senior living industry and the owner of the communities. Further details were not disclosed.
CLEVELAND — BWE Investment Sales LLC (BWEIS), a Cleveland-based investment sales organization that works closely with mortgage banker BWE, has hired Tony Hong as a vice president for seniors housing. With over 15 years of experience in seniors housing investments, development, capital markets and advising, Hong will work closely with Charles Bissell with an aim to grow BWEIS’ seniors housing investment sales platform in partnership with the seniors housing debt team led by Ryan Stoll. Most recently, Hong was senior vice president of acquisitions and underwriting at Cogir Senior Living, …
PLYMOUTH, MINN. — Kraus-Anderson has begun a $41.5 million expansion of Trillium Woods, an independent retirement community in Plymouth, a western suburb of Minneapolis. Trillium Woods is a continuing care retirement community (CCRC) that provides wellness services and levels of senior healthcare, including memory care, skilled nursing and rehabilitation. The 160,321-square-foot, five-story expansion calls for 18 assisted living units, 16 memory care units, 52 independent living units and 67 underground parking spaces. Construction is slated for completion in fall 2025. Pope Design Group was the architect.
MEMPHIS, Tenn. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a value-add assisted living community near Memphis. A national developer/investor engaged Blueprint to create an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. These communities were purchased in a sizeable portfolio transaction pre-COVID, under a value-add thesis contemplating operator transitions to create regional groupings coupled with the intent to meaningfully invest in renovations and repositioning. Unfortunately, the cumulative impact of COVID followed by an unprecedented rise in interest rates …
TEXAS — Evans Senior Investments (ESI) has brokered the sale of two senior living communities in Texas on behalf of a regional owner-operator. A local owner-operator acquired the property. Further details were not disclosed.
ST. CHARLES, Mo. — Arrow Senior Living has hired Meredith Eckl as managing director of integration, a role focused on corporate standards and procedures. A certified project management professional, Eckl brings 17 years of experience to the team, including roles in sales, operations, and project management. Arrow also announced several new executive directors to the Missouri region in recent months. Amy Byergo was named executive director at Westbury Senior Living; Brittany Oehler has been named executive director at The Town and Country; Executive Director Denise Wilkinson will lead the team …
PFLUGERVILLE, Texas — Thorofare Capital has provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville. The newly completed, 182-unit, Class A active adult multifamily community opened in mid-2023 and is situated roughly 20 miles north of Austin. The loan amount was not disclosed. Thorofare’s director of originations, Jonathan Hart, originated the loan with colleagues Eddie Prosser, head of credit, and Henry Johnson, senior associate leading the underwriting. Wilson Capital was represented by B.K. Newsom, vice president of capital markets at CBRE …
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 …
EAST LONGMEADOW, Mass. — LCB Senior Living has assumed management of The Reserve at East Longmeadow in Massachusetts. The community opened in 2014 and features more than 100 units of assisted living and memory care.
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 …
