WISCONSIN — Monticello has provided a $2 million working capital loan to the operating companies of three skilled nursing and assisted living facilities totaling 305 beds in Wisconsin. Monticello’s asset-based lending group, Monticello Commercial Capital, provided the financing. The borrower an experienced owner and operator with a current portfolio of 4,969 licensed beds/units.
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CLEVELAND — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 133-unit assisted living and memory care community in Cleveland. A national owner-operator sold the community amid struggling occupancy. A private owner-operator seeking to expand in the Midwest acquired the property for an undisclosed price. The new owner plans to reposition the asset as an affordable option using the Ohio Assisted Living Waiver Program.
ATLANTA — Thrive Senior Living has promoted Nicole Moberg to the role of chief operating officer. In her new role, Moberg will give leadership to the day-to-day operations for the Thrive portfolio of communities. Moberg has worked for Thrive Senior Living since early 2018. In her previous role as chief sales officer, she increased Thrive move-ins by 100 percent year over year. In addition to her experience in the senior living industry, Moberg has a background in the biotechnology and healthcare fields. Prior to joining Thrive, she served as chief …
WINTER PARK, Fla. — Greystar Real Estate Partners is developing Overture Hamlin, an active adult community in Winter Park, a suburb of Orlando. The apartment community will feature 110 one-bedroom and 70 two-bedroom units, plus 9,000 square feet of amenities. It is locate along Lake Hancock, nearby to both Walt Disney World and a variety of healthcare providers, including Orlando Health and AdventHealth Orlando facilities. Greystar expects to complete construction in summer 2021.
WINDSOR, Calif. — Oakmont Senior Living, a Windsor-based operator, has hired Kevin Tyler as chief financial officer and chief investment officer. Tyler played an integral role in Welltower’s recent acquisitions of several Oakmont communities while serving as vice president and head of Welltower’s West Coast office. In his new position, Tyler plans to further expand Oakmont’s market position, footprint and strategic partnerships while driving future growth and investment opportunities. He will also lead its finance and accounting team, seeking to enhance capital relationships. “Oakmont Management Group is moving down a …
WAUKESHA, Wis. — New Perspective has completed construction of New Perspective Waukesha, a 128-unit independent living, assisted living and memory care community in the Milwaukee suburb of Waukesha. “This is the second community we’ve opened over the past two months. That said, coronavirus was not part of the initial equation, or for that matter, the world’s plan,” says Chris Hyatt, president of New Perspective. “We forged ahead with development and implemented enhanced operating protocols. New Perspective Franklin opened in July and our experience with both communities was a resounding warm …
NEW YORK CITY — Greystone has hired Christopher Clare as a managing director overseeing healthcare financing transactions. Prior to joining Greystone, Clare was a senior relationship manager at M&T Bank, focusing on national healthcare and seniors housing finance for institutional equity funds, operators and developers. Earlier in his career he worked in municipal fixed income at Bank of America Merrill Lynch. Clare earned an M.B.A. from Georgetown University and an undergraduate degree from Susquehanna University. “With the immense demand we have seen across the healthcare and seniors housing sectors for …
VICTORIA, Minn. — Bethesda, a national Christian organization that provides homes and other services for people with intellectual and developmental disabilities, is opening Bethesda Cornerstone Village Victoria, located at 1519 82nd St. in Victoria, on Tuesday, Sept. 1. Offering apartments and villas, the community is restricted to adults age 55 or older and independent adults with intellectual and developmental disabilities. Bethesda Cornerstone Village Victoria will feature 37 apartment homes and 15 villa homes, with up to 20 percent of the residences serving people with a disability who live independently. Lutheran …
Kisco Hires Patricia Gustin as Executive Director, Moves Her Into Community During Pandemic
by Jeff Shaw
ANAHEIM, Calif. — Kisco Senior Living has hired Patricia Gustin as executive director of Emerald Court, a seniors housing community in Anaheim. Following her hiring, Gustin moved into the community to ride out the COVID-19 pandemic from inside. Gustin previously worked at another Kisco community in Fresno, nearly 300 miles away. Knowing it is critical for directors to know the team members they lead and the residents they care for, she decided to move into the community to live there among the residents, according to Kisco. Since starting at Emerald …
LAWRENCE, Kan. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 60-bed skilled nursing facility in Lawrence. The West Coast-based owner was looking to divest its only asset in Kansas. An owner-operator acquired the property for an undisclosed price.