SELLERSVILLE, Pa. — Evans Senior Investments (ESI) has negotiated the sale of Hidden Meadows on the Ridge and The Laurels, a 94-unit assisted living and memory care campus in Sellersville, approximately 30 miles north of Philadelphia. An independent owner-operator sold the property, its only asset. An East Coast-based REIT bought the campus for $18,200,000 or $194,000 per unit. Hidden Meadows on the Ridge features 54 assisted living units, while The Laurels Memory Care features 40 units. Built in 2007 and renovated in 2018, the community boasts many recent updates including …
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WASHINGTON, D.C. — Capitol Seniors Housing (CSH), a D.C-based senior living investment and development firm, has appointed Edie Empirio as principal of operations, a newly created role within the firm. With more than two decades of senior living experience, Empirio has held positions with increasing responsibilities for several senior living operators in the United States. Prior to joining Capitol Seniors Housing, Empirio served as senior vice president of operations at Chelsea Senior Living. She was responsible for the oversight and support of all 21 communities in the Chelsea portfolio. She …
FORT LEE, N.J. — CareOne has hired Dr. Amina Ahmed as the company’s new chief medical officer. Ahmed, a board certified internal medicine physician, served most recently as the chief of hospitalist medicine and post-acute care for Summit Medical. In her role at CareOne, Ahmed will lead and develop clinical systems, infrastructure and protocols to support CareOne’s entire network of services. Additionally she will oversee the development of the company’s physician enterprise and Clinician Integrated Network. Headquartered in Fort Lee, CareOne has 55 centers throughout New Jersey, Massachusetts, Pennsylvania, Connecticut …
Buckner Opens Assisted Living, Memory Care Units at Ventana High-Rise Project in Dallas
by Jeff Shaw
DALLAS — Buckner Senior Living has opened the assisted living and memory care units at Ventana by Buckner, a 301-unit high-rise seniors housing community in Dallas. The 189 independent living units opened in November 2019. The State of Texas granted the license for the 38 assisted living and 26 memory care apartments, and residents have begun moving in. Ventana is Dallas’ first and only luxury high-rise continuing care retirement community, according to Buckner. The property also features 48 skilled nursing apartments and 24 rehabilitation suites.
ROUND ROCK, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of Wyoming Springs, a 100-unit assisted living and memory care community in Round Rock, a suburb of Austin. One Liberty Properties Inc. (NYSE: OLP), a publicly traded REIT based in New York, sold the property for an undisclosed price. The buyer was a New York-based private equity fund looking to expand its seniors housing presence. Wyoming Springs was the only seniors housing asset in One Liberty’s portfolio and was being operated by Senior Care Centers LLC, which …
HEALDSBURG, Calif. — Ziegler has closed a $12.4 million, tax-exempt bond anticipation note for the development of Enso Village, a continuing care retirement community in Healdsburg, a city in Sonoma County’s wine country. A bond anticipation note is a short-term security issued in anticipation of future, larger bond financing for the project. The borrower is Kendal at Sonoma, a nonprofit partnership between The Kendal Corporation, Greenbrier Development and the San Francisco Zen Center. The community will feature 200 market-rate independent living apartments, 20 below-market independent living apartments to accommodate retired …
American House Hires Schekesia Meadough as Vice President of Quality, Clinical Operations
by Jeff Shaw
SOUTHFIELD, Mich. — American House Senior Living Communities, a Southfield-based operator, has hired Schekesia Meadough for the newly created role of vice president of quality and clinical operations. Meadough is responsible for the creation and implementation of nursing care and wellness strategies, policies, processes and programs across American House’s portfolio of more than 60 communities in five states. Prior to joining American House, Meadough served as the vice president of health and wellness LaSalle Group. She has served in leadership and nursing roles over the past 20 years. Her prior assignments …
CHICAGO — Pathway to Living, a Chicago-based developer, owner and operator, has hired Mike Ulm as vice president of culture and brand loyalty. Ulm will be responsible for evolving and maintaining Pathway’s philosophy, culture and internal branding through the support, coaching and ongoing training of all team members. He will establish standardized tools to recruit, train, support, recognize and promote model. Ulm will also develop and implement customer loyalty programs. Ulm brings more than 30 years of experience in seniors housing. He recently ran an independent consultancy focused on improving …
MOUNT LAUREL, N.J. — Capitol Seniors Housing has opened Arbor Terrace Mount Laurel, an 88-unit seniors housing community in Mount Laurel. The 75,000-square-foot community offers assisted living and memory care services. The Arbor Company is the operator. Mount Laurel is an affluent suburb east of Philadelphia. The community is just east of the Interstate 295 interchange and the New Jersey Turnpike, making the community very accessible to the entire market area. Meyer Senior Living Studio designed the property.
Walker & Dunlop Funds $11M Bridge Loan for Supportive Living Facility Acquisition in Illinois
by Jeff Shaw
AURORA, Ill. — Walker & Dunlop Inc. has provided $11 million in bridge financing for The Vistas Fox Valley, a 136-bed supportive living facility in Aurora. The borrower was Cascade Capital Group, which used the funds to acquire the community. Supportive living is an Illinois program to offer assisted living services while still allowing for government reimbursement. Walker & Dunlop’s bridge lending program utilizes the company’s own balance sheet to offer short-term, non-recourse loans for properties that are being acquired or repositioned. Joshua Rosen and the bridge lending team structured …