WINTER PARK, Fla. — Watercrest Senior Living Group has hired MaryAnn Howell as executive director of Watercrest Winter Park Assisted Living and Memory Care in Winter Park, a suburb of Orlando. Watercrest Winter Park is a newly built, 107-unit senior living community that recently celebrated its grand opening under Howell’s leadership. Howell brings over 10 years of senior living experience, having most recently served an eight-year tenure with another senior living provider.
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FORT WASHINGTON, Pa. — Ziegler has arranged $199.4 million in bond financing for Acts Retirement-Life Communities. Based in Fort Washington, Acts is the third largest nonprofit seniors housing operator in the country. The company operates 26 communities in nine states with a total of 9,671 total units. The portfolio involved in this specific financing includes 20 communities in seven states, with eight locations in Pennsylvania, four locations in Florida, three locations in Delaware, two locations in North Carolina, one location in South Carolina, one location in Georgia, and one location …
DULLES, Va. — M&T Realty Capital Corp. has provided a $23 million FHA-insured loan to refinance of a 166-bed skilled nursing facility in Dulles, a subsurb of Washington, D.C. At an 80 percent loan-to-value ratio, the 35-year, 2.65 percent fixed-rate loan is fully amortizing. Matthew Pipitone of M&T Realty Capital’s Baltimore office led the transaction in collaboration with Nick Gent of M&T Bank’s D.C. office.
MCLEAN, Va. — Artis Senior Living, a McLean-based owner-operator, has partnered with Johns Hopkins physicians to launch the Artis Safety Council. The physicians, along with a cross-discipline group of Artis associates and healthcare leaders, seek to focus on maximizing the safety and well-being of residents, associates and families. For several weeks, the council has been strengthening the health and safety protocols for the challenge of COVID-19. The council will provide guidance in regard to the latest science of dealing with the new virus, along with looking ahead at other potential …
HAILEY, Idaho — Silvercreek Senior Assisted Living, a seniors housing community in Hailey, has hired Lori Eberharter as its executive director. In her new role, Eberharter ensures compliance with Silvercreek’s quality standards, as well as state and federal regulations. Silvercreek has remained free of COVID-19 throughout the current crisis. The community offers assisted living and memory care services.
ORLANDO and WINTER PARK, Fla. — Strive Senior Living, based in Orlando, has acquired Sutton Homes, based in Winter Park. Sutton Homes is a 25-year-old operator of seven seniors housing communities in Central Florida. Sutton Homes is focused on memory care, and Strive will launch a new standalone memory care brand named Sanctuary by Strive to lead the new portfolio. Strive purchased all assets of the company and will continue to operate the communities under Sutton Homes until the full rebrand to Sanctuary by Strive is completed by the end …
MOUNT SINAI, N.Y. — Engel Burman has opened The Bristal at Mount Sinai, a 120-unit assisted living community in the Long Island hamlet of Mount Sinai. The Bristal at Mount Sinai has 76 assisted living apartments and 44 additional apartments for memory care. Monthly rents begin at $5,200 for assisted living and $8,400 for memory care. This is the 20th Bristal-branded community, with 15 of those located on Long Island. Engel Burman develops, owns and operates the properties.
BLACKSBURG, Va. — Ziegler has completed an $18 million taxable bank placement for Warm Hearth Village, a continuing care retirement community in Blacksburg. Warm Hearth was founded in 1974 and provides housing, health care and other services to seniors on its 220-acre campus through the operation of 259 independent living units, 55 active adult units, 150 assisted living units and 60 skilled nursing beds. The financing will be used to consolidate three existing bank placements and pay for $2 million in campus improvements. National Bank of Blacksburg provided the funds, …
PIKEVILLE, Ky. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 120-bed skilled nursing facility in Pikeville, located along the Big Sandy River in the eastern portion of the state. The property was built in 1979 and renovated in 1987. The rooms are mostly semi-private. The REIT owner elected to sell the property as the existing operator sought to exit. The seller acquired the asset through a sale-leaseback in fourth-quarter 2019, all part of a larger portfolio. A local operator acquired the facility for an undisclosed price.
JACKSONVILLE, Fla. — FaverGray, a general contractor based in Jacksonville, has hired Mark Higby as division leader of senior living. Higby brings over 30 years of experience in the construction industry as a design and construction executive, including serving as federal director, senior vice president and division director for a large construction firm. Earlier in his career, Higby was the division leader responsible for sales and execution of projects in the senior living and healthcare market, including acute care hospitals, surgical centers, nursing care, memory care and continuing care retirement …