BRIARCLIFF MANOR, N.Y. — Senior Lifestyle Corp. has welcomed its first residents at The Club at Briarcliff Manor, a seniors housing community in Briarcliff Manor, a village along the Hudson River approximately 30 miles north of New York City. The property offers 167 independent living units, 87 assisted living units and 33 memory care units in two interconnected buildings. The site was formerly home to Briarcliff Lodge, a grand resort hotel built in the early 1900s. The 59-acre property features views of the Hudson River and Manhattan skyline, numerous walking …
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CHETEK, BLACK RIVER FALLS, BLOOMER and OCONTO FALLS, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of four skilled nursing facilities and three assisted living communities located throughout the northern half of Wisconsin. The properties total 394 beds and are located in Chetek, Black River Falls, Bloomer and Oconto Falls. The properties range in size from 34,070 square feet to 61,170 square feet. The Atrium portfolio was placed into receivership September 2018 when a for-profit owner-operator based in the East Coast was unable to fulfill its financial …
CARTERSVILLE, Ga. — American Lending Center (ALC), an EB-5 regional center, has opened The Fountains in Cartersville, an assisted living and memory care community in Cartersville. Located approximately 45 miles northwest of Atlanta, this project marks ALC’s first investment in the state of Georgia. Further details on the size of the project were not released.
CLEVELAND — OnShift, an HR software provider for post-acute care and senior living, has added Addison Grimes as senior vice president of engineering and Jim Alland as chief sales officer. Grimes is a tenured technology executive. His nearly 30 years of experience in technology leadership roles covers applicant tracking, onboarding, performance management, employee engagement, team and individual assessments, succession planning, learning management systems and human resources systems. Grimes has held senior leadership positions at Monster, Kenexa and Assure Software. Most recently, he served as chief technology officer at ScheduleSoft Corp., …
New Perspective Hires Jason Wilson as Executive Director for Upcoming Community in Franklin, Wisconsin
by Jeff Shaw
FRANKLIN, Wis. — New Perspective Senior Living has hired Jason Wilson as executive director of New Perspective Franklin, a seniors housing community scheduled to open in spring 2020 in the Milwaukee suburb of Franklin. A former police officer in South Milwaukee and restaurant owner in West Allis, he changed careers to the senior living industry after taking care of his late father at home in hospice care. Wilson was director of operations for three years at Luther Manor senior living community in Wauwatosa. Wilson holds a Community-Based Residential Facilities Administrators …
Desert Land, Civitas Senior Living Break Ground on Luxury Community in Flagstaff, Arizona
by Jeff Shaw
FLAGSTAFF, Ariz. — Arizona real estate developer Desert Land Group and Texas-based senior living management company Civitas Senior Living have started construction on their newest senior living boutique project, The Bluffs of Flagstaff. Totaling approximately 210,572 square feet, the community will feature 120 independent living, 66 assisted living and 18 memory care apartments. The Bluffs of Flagstaff is scheduled for completion in fall 2021. The architect for the project is Kaas Wilson, with Greenberg Construction as general contractor. Senior By Design is providing additional design services.
MOUNT PLEASANT and LENOIR CITY, Tenn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mount Pleasant Health and Rehabilitation in Mount Pleasant and Trinity Health and Rehabilitation in Lenoir City. The properties are approximately 200 miles apart. Mount Pleasant features 72 beds and 30 independent living units in a 39,048-square-foot property situated on six acres south of Nashville. Trinity features 104 skilled nursing beds and a vacant assisted living area in a 57,686-square-foot property on 4.7 acres southwest of Knoxville. Bradley Clousing, Daniel Geraghty and Ryan Saul …
OCEAN PINES, Md. — Colliers International has arranged the sale of Catered Living of Ocean Pines, a 32-bed assisted living and memory care community in Ocean Pines, a small community located on Maryland’s Eastern Shore. A local operator sold the community to a private operator and investor for $5.5 million. The asset is situated on one acre and consists of two 9,600-square-foot buildings, each with 16 private suites. It has been in operation since 2001. Bob Gaines of Colliers arranged the sale.
Monticello Asset Management Hires Jung Park as Managing Director, Expands to West Coast
by Jeff Shaw
NEW YORK CITY — Monticello Asset Management LLC, a New York-based specialized private real estate and asset-based lender, has hired Jung Park as managing director. Park will oversee the company’s expansion to the West Coast, managing the new Los Angeles office. Park was managing director of Pacific Western Bank’s Healthcare Finance Group (formerly known as CapitalSource), where he managed the national lending healthcare practice and helped originate and underwrite over $1 billion in healthcare loans. Prior to that role, he was a key member of CapitalSource’s healthcare team that acquired …
GREER, S.C. — Phoenix Senior Living has formed a joint venture with Whitehall Development Group to take over operations of Thrive at Greer in Greer, approximately midway between Greenville and Spartanburg. Wells Fargo is the lending partner. Phoenix will rebrand the property as “The Phoenix at Greer.” The property features 89 units of assisted living and memory care.