ATLANTA — Georgia Governor Brian Kemp has signed House Bill 987, adjusting the state laws for assisted living and personal care home residents amid the COVID-19 pandemic. Republican state representatives Sharon Cooper and Brian Strickland co-sponsored the bill. Under the new laws, seniors housing communities will be required to pass a slew of state certification and licensing requirements. The bill defines personal care homes as any community that provides housing, food service and personal services such as medication administration or assistance with activities of daily living. Assisted living and large …
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MAYWOOD, Ill. — Evergreen Real Estate Group has completed $7 million in renovations to Garden House of Maywood, a 144-unit affordable seniors housing community in the western Chicago suburb of Maywood. Housing and Human Development Corporation (HHDC) acquired the 10-story building in 2018 using tax credits to help fund capital improvements. Evergreen has managed since 2017, and Evergreen Construction Co. managed the nine-month project. The phased renovations allowed residents to remain in their homes during construction. All residential units were updated with new windows and window treatments. Sinks, cabinetry, countertops, …
BOCA RATON, Fla. — Fairstead has acquired Gould House, a 101-unit Section 8 housing development for the elderly in Boca Raton. The property is located on the 100+ acre Jewish Federation of South Palm Beach County Campus. While the seller and price were not disclosed, Fairstead did unveil plans for a $6 million rehabilitation of the entire complex. The project will include new kitchens, baths, lighting, HVAC, flooring and windows for all apartments, as well as common area improvements to the physical plant, security systems, grounds, lobbies, community room and …
KNOXVILLE, Tenn. — Propel Insurance, a leading retail insurance agency and a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a boutique risk management and insurance consulting firm based in Knoxville. HCS specializes in serving senior care organizations. The combined agency expects to generate more than $120 million of annual revenue in 2020 and will have seven offices across the country. The acquisition will expand Propel’s existing senior living practice, as well as the Charlotte, North Carolina-based company’s geographic spread. Ed Sims and Taylor Preston, senior partners at …
Ziegler Places $53M Bank Financing for Pleasant View Communities Expansion in Pennsylvania
by Jeff Shaw
MANHEIM, Pa. — Ziegler has arranged $53 million in financing for Pleasant View Communities, which operates a continuing care retirement community in the South Central Pennsylvania borough of Manheim. Originally built in 1954, the community currently features 152 independent living apartments and cottages, 95 personal care units and 115 skilled nursing beds. The loans will fund two expansions. The first project, West Lawn Apartments, will consist of two buildings containing 18 independent living units located on Pleasant View’s existing campus. The second project, the Lofts at Lititz, will consist of …
ORANGE CITY, Fla. — ConcordRENTS has scheduled a late summer grand opening for Parc Hill Senior Living Apartments, a $15 million affordable seniors housing community in Orange City. Located approximately 30 miles north of Orlando, Parc City features 88 apartments for those making between 40 percent and 80 percent of the area median income.. Floor plans at the four-story building include one-bedroom, two-bedroom and two-bedroom-with-den options. Funding for Parc Hill Senior Living comes from $7.5 million in tax-exempt bonds issued by the Housing Finance Authority of Volusia County, $5.78 million …
WASHINGTON, D.C. — As the nation continues to wrestle with the COVID-19 pandemic, and with states relaxing restrictions, seniors housing operators are responding with strategies to minimize both COVID-19 transmission risk and the risks of poor health outcomes resulting from isolation. This is according to a special issue brief report from the American Seniors Housing Association (ASHA) entitled “Considerations for Balancing Seniors Housing Residents’ Safety As Communities Reopen: A Strategic Approach to the COVID-19 Pandemic.” In the report, research and advisory services firm ATI Advisory and its CEO Anne Tumlinson …
KAPOLEI, Hawaii — Highridge Costa, in partnership with Honolulu-based Coastal Rim Properties, has completed the first phase of Hale Moena Kupuna, a $130 million affordable seniors and multifamily rental community in Kapolei on the island of Oahu. The first phase is a 13-story high-rise designated for seniors, featuring 153 affordable apartments in a mix of studio, one- and two-bedroom floor plans. Upon full build-out, the three-phase Hale Moena Kupuna will offer two 13-story residential towers with ground-level retail and commercial space. Communities amenities include a community meeting room, picnic area …
NIC Survey Shows Confirmed COVID-19 Cases Range from 0.2 Percent in IL to 4.3 Percent in Skilled Nursing
by Jeff Shaw
ANNAPOLIS, Md. — Testing for coronavirus is most prevalent in nursing care and assisted living facilities, with confirmed positive tests highest at nursing care facilities. Residents of independent living facilities, who typically have greater mobility and fewer healthcare challenges, have the lowest percent of confirmed positive results at 0.2 percent. The analysis was conducted by the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit organization supporting access and choice in senior housing and care. The data comes from a May 31 survey that received 105 responses …
SARASOTA, Fla. — LifeStar Living LLC, a Sarasota-based seniors housing operator, has announced it will officially launch on July 6. Celebrity sports agent David Falk, who represented Michael Jordan and over 100 other players, founded the company. Falk hired Joel Anderson to lead it as managing principal. Anderson most recently was CEO of Village On The Isle seniors housing community in Venice, Florida. He serves as the chair of LeadingAge Florida as well as an appointee to the Florida governor’s Continuing Care Advisory Council. His background includes over 20 years …