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Assisted LivingFinanceMarylandMemory CareNews

Colliers Arranges $10.4M Refinancing for Community in Parkville, Maryland

by Hayden Spiess

PARKVILLE, Md. — Colliers, in partnership with Health Financing Consultants, has arranged a $10.4 HUD loan for the refinancing of a senior living community located in Parkville. Charter Senior Living is the borrower.  Totaling 64 units, the property — The Cottages of Perry Hall — features assisted living and memory care residences. Amenities at the community include full-service dining, housekeeping, activity rooms, a salon and landscaped courtyards.  Christopher Fenton and Catherine Eby of Colliers Mortgage secured the financing, which carries a 35-year term, on behalf of the borrower. 

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AcquisitionsAssisted LivingMemory CareNew YorkNews

SLIB Brokers Sale of 78-Unit Senior Living Community in Rochester, New York

by Hayden Spiess

ROCHESTER, N.Y. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a senior living community located in Rochester.  Built in 2016, the property offers 78 assisted living and memory care units.  A public, non-listed REIT was the seller. A private real estate investment company acquired the property, engaging a New York-based operator to run the community.  Jason Punzel, Dave Balow and Brad Goodsell of SLIB arranged the transaction. 

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

ONELIFE Acquires 137-Unit Assisted Living and Memory Care Community in Sacramento

by Hayden Spiess

SACRAMENTO, Calif. — Developer and operator ONELIFE Senior Living has acquired The Woodlake Senior Living, a 137-unit community located in Sacramento.  Amenities at the property, which offers assisted living and memory care residences, include a movie theater, game room, fitness center, salon, library and arts and crafts room. This marks the fourth senior living community in California for ONELIFE, which merged with Ally Senior Living earlier this year. “The Woodlake Senior Living represents a strategic expansion of our California presence,” says Dan Williams, CEO of ONELIFE. According to the company, the …

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Active AdultFinanceMinnesotaNews

Thorofare Capital Provides $42.9M Refinancing for Active Adult Community in Minneapolis

by Hayden Spiess

MINNEAPOLIS — Thorofare Capital, an affiliate of Callodine Group LLC, has provided a $42.9 million bridge loan for the refinancing of Risor of St. Louis, an active adult community located in Minneapolis. Roers Cos. is the borrower.  Completed in November 2023, the community totals 170 units reserved for residents age 55 and older. The property was 78 percent occupied at the time of financing.  Amenities at the community, which totals six stories and features 4,000 square feet of ground-floor retail space, include covered parking, a coffee bar, golf simulator, pet wash, …

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Company NewsFinanceNewsOhioPeople

Ken Gould, Jason Dopoulos Launch Ikaria Capital Group

by Hayden Spiess

CLEVELAND — Industry veterans Ken Gould and Jason Dopoulos have launched Ikaria Capital Group, a platform specializing in debt solutions including bridge loans, recapitalizations, refinancings, construction and permanent financing, FHA/HUD loans and working capital lines of credit.  Cleveland-based Ikaria will feature a focus on skilled nursing and seniors housing facilities. Currently, the Ikaria team is processing a more than $1 billion pipeline of bridge loans through FHA/HUD.  Gould and Dopoulos previously worked with Lancaster Pollard and White Oak Healthcare Partners, respectively. “We are dedicated to this sector and have specifically created …

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Affordable HousingDevelopmentFinanceMichiganNews

Community Housing Capital, FHL Bank Atlanta Provide Financing for 60-Unit Affordable Seniors Housing Project in Southfield, Michigan

by Hayden Spiess

SOUTHFIELD, Mich. — Community Housing Capital (CHC) and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) have provided financing for John Grace Arms, an affordable seniors housing project in Southfield. Sourced from FHLBank Atlanta’s Affordable Housing Program (AHP) general fund and administered through CHC, a member of FHLBank, the financing totals $750,000 in grant funding.  An adaptive redevelopment of a historic school building, John Grace Arms will total 60 rental units with 5,000 square feet of community space.  MiSide is the developer of the project, which is scheduled for completion …

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Assisted LivingDevelopmentMemory CareNewsTexas

Thrive Senior Living, Orison Holdings to Open 75-Suite Community in Fort Worth, Texas

by Hayden Spiess

FORT WORTH, Texas — Thrive Senior Living and Orison Holdings have announced plans to open Sagewood at Heritage Glen, a new seniors housing community, in Fort Worth in 2026.  Orison Holdings and Arrive Architecture Group designed the property, which will feature 50 assisted living suites and 25 memory care suites.  Atlanta-based Thrive currently operates communities in Alabama, Florida, Georgia, Texas and New Jersey. Founded in 2013, Orison Holdings is a real estate investment and development firm with over $500 million of assets under management and more than 3,000 residential units constructed …

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AcquisitionsNewsSkilled NursingTexas

SLIB Brokers 120-Bed Skilled Nursing Facility in Lubbock, Texas

by Hayden Spiess

LUBBOCK, Texas — Senior Living Investment Brokerage (SLIB), has brokered the sale of Bender Terrace, a skilled nursing facility located in Lubbock. Situated on 2.7 acres, the property comprises roughly 45,000 square feet and 120 beds.  A local independent owner sold the facility to a national owner-operator. A regional operator was leasing the property at the time of sale.  Matthew Alley and Ryan Saul of SLIB arranged the transaction. 

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ColoradoCompany NewsMemory CareNewsOperations

Ascent to Operate Memory Care Community in Greeley, Colorado

by Hayden Spiess

GREELEY, Colo. — Ascent Living Communities will serve as the operations and management provider for High Plains Crossing, a 52-unit memory care community located in Greeley, on behalf of the ownership.  Ascent plans to implement renovations at the property, which was originally opened in 2018. Plans include updated flooring; new furniture, fixtures and equipment; and reimagined lobby space. Renovations are scheduled for completion this spring, with residents remaining in their apartments throughout the process.  Founded in 2008, Ascent’s portfolio comprises more than 750 senior living units. 

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Company NewsIndianaNewsPeople

Priority Life Care Appoints Bobby Petras President 

by Hayden Spiess

FORT WAYNE, Ind. — Priority Life Care (PLC) has appointed Bobby Petras to the role of president. Petras previously served as chief operating officer (COO) of the company. Dave Kloster, who has been with PLC for three years, will take over the role of COO.  Petras, who is also a co-founder of Fort Wayne-based PLC, will now concentrate on strategic initiatives and operational practices that align with the company’s growth objectives. “I look forward to working closely with our capital partners and ensuring that we implement effective operational practices as we …

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