MEMPHIS, Tenn. — Elevation Financial Group, through its Elevation Real Property Fund VII, has acquired Kennington Pointe, a 155-unit seniors housing property in Memphis. Built in 1989, the property was previously an independent living and assisted living facility. As part of a renovation plan, Elevation will add kitchens to the assisted living units and convert the entire property to an affordable community for those over age 55. The property will also be rebranded as The Elevation at Autumn Ridge. The $2.2 million purchase represents the seventh acquisition by the fund …
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ALEXANDRIA, Va. — Argentum has announced the inaugural cohort for LEAD, the organization’s leadership development program for the senior living industry. The 27 professionals selected, representing 14 senior living owners and operators, will participate in a series of networking and training opportunities, culminating at the 2021 Senior Living Executive Conference. Connecting the program to real-time industry imperatives, LEAD participants will complete projects on critical topics related to COVID-19 and the its future impact, such as emergency preparedness for the next pandemic, ramping up telehealth and creative staffing solutions. The cohort’s …
United Plus Property Management Takes on Operations of The Belvedere in Suburban Buffalo
by Jeff Shaw
LANCASTER, N.Y. — United Plus Property Management LLC (UPPM) taken over management duties at The Belvedere, an independent living community in the Buffalo suburb of Lancaster. Natale Development owns the 146-unit property, which features one- and two-bedroom options. This is the first partnership between UPPM and Natale.
MARTINSVILLE, Va. — Senior living furniture specialist H Contract has reorganized its sales management, marketing and product development operations. Mark Craven was hired for the new position of vice president of sales and merchandising. Craven served in executive positions for senior living specialist Fairfield Chair for over 12 years before joining Martinsville-based H Contract’s parent company, Hooker Furniture, in 2018. Craven will oversee a sales organization comprising 26 sales territories and will work with the company’s customer base, including interior designers, senior living communities and commercial furniture retailers.
Technology Can Protect Residents, Provide Programming During Pandemic, Say SHB Webinar Panelists
by Jeff Shaw
With the COVID-19 outbreak forcing seniors housing residents to physically isolate from each other, technology may be the key to preventing both further virus spread and social isolation. “Senior living communities have for decades used a platform of pull cords, call buttons and pendants,” said David Wardlaw, vice president of business development for digital health solutions at Philips. “This technology cannot support more infection control requirements. It is not equipped to slow down the spread of COVID-19.” New technology to better stop the spread of coronavirus includes wearable bracelets that …
NAPERVILLE, Ill. — McShane Construction Co. has completed construction of Avenida Naperville, an active adult community in Naperville, a western suburb of Chicago. The apartments are reserved for those age 62 and older. The community features 13,000 square feet of amenity space. Designed by Meeks + Partners, the property incorporates a total of 146 apartments across six two- and three-story buildings.
FAIRMONT, Minn. — Lakeview Methodist Health Care Services has started construction of a 72-bed skilled nursing facility in Fairmont, located in the southern part of Minnesota near the Iowa border. Wold Architects designed the two-story, 86,000-square-foot property, which Kraus-Anderson Construction will build. Development costs were estimated at $24 million. Construction is slated for completion by fall 2021.
ST. PETERSBURG, Fla. — Colliers International has arranged the sale of Loving Care of Saint Petersburg in the Tampa suburb of St. Petersburg. The property features 120 beds across 60 units. The assisted living facility has a limited mental health specialty license. Best Care Senior Living at St. Pete acquired the property from Loving Care of St Petersburg for an undisclosed price. The community was 80 percent occupied at the time of sale. Kenneth and Damien Carriero of Colliers arranged the transaction.
HAZEL CREST, Ill. — Charter Senior Living has acquired Citadel Estates, an assisted living and memory care community in Hazel Crest, approximately 20 miles south of Chicago. The buyer has renamed the community Charter Senior Living of Hazel Crest. The seller and price were not disclosed. “The acquisition was planned before COVID-19 and by the time we were transitioning, most of the country was already locked down,” says Jayne Sallerson, Charter’s chief operating officer. “We had plans in place for our other communities, so implementing new procedures at Hazel Crest …
MARANA, Ariz. — Cadence Living has been appointed manager at La Sonora at Dove Mountain, a 142-unit independent living, assisted living and memory community in Marana, located in the Dove Mountain area north of Tucson. The community is located on a six-acre campus near restaurants, healthcare services and the Ritz Carlton hotel. Mountain Plains Equity Group and Senior Living Fund own the property, which is scheduled to open in October.