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Juniper Communities Promotes Stephanie Pressler to Controller

by Jeff Shaw

BLOOMFIELD, N.J. — Juniper Communities, a Bloomfield-based provider of senior living communities, has promoted Stephanie Pressler to controller. Pressler joined Juniper Communities in 2016, when the company acquired its Bensalem, Pennsylvania campus, Juniper Village at Bucks County. As a member of Juniper’s internal provider relief fund team, Pressler helped steer the company through the COVID-19 pandemic, assisting in the application for relief funding. She is responsible for monthly and annual financial reporting, budgets and annual audits.

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CCRCDevelopmentNewsOregon

Terwilliger Plaza CCRC in Portland, Oregon Completes $105M Expansion Project

by Jeff Shaw

PORTLAND, Ore. — Terwilliger Plaza, a single-site, nonprofit continuing care retirement community (CCRC) in Portland, has completed a $105 million expansion. The new building, named Parkview, rises 10 stories and offers 127 independent living units. It represents the largest building constructed to Passive House sustainability standards on the West Coast, according to the developers. The 370,000-square-foot structure is connected to the main campus via a steel skybridge. Terwilliger Plaza can now house up to 550 residents. LRS Architects worked in collaboration with Walsh Construction Co., engineering firm PAE, and Terwilliger …

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AcquisitionsNewsNorth DakotaWisconsin

Meridian Arranges Sale of Three-Property, 428-Unit Portfolio in Wisconsin, North Dakota 

by Jeff Shaw

WISCONSIN and NORTH DAKOTA — Meridian Capital Group’s senior housing and healthcare team has negotiated the sale of a three-property senior living portfolio in Wisconsin and North Dakota. The seller was Harrison Street. The buyer and price were not disclosed. New Perspective Senior Living will continue to operate the properties. The three assets offer a combined 146 independent living units, 139 assisted living units and 143 memory care bed. Ari Adlerstein, Josh Simpson and Jesse Rauch led the Meridian team.

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NewsOklahomaOperationsTexas

Surpass Takes Over Management of Communities in Oklahoma, Texas

by Jeff Shaw

CARROLLTON, Texas, and OKLAHOMA CITY ­— Surpass Senior Living has taken over management of The Gardens at Quail Springs in Oklahoma City and Carrollton Gardens in Carrollton.  Surpass Senior Living is a subsidiary company of McFarlin Group LLC, a Dallas-based private equity firm focused on the senior living industry and the owner of the communities.  Further details were not disclosed.

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FinanceNewsPeople

BWE Investment Sales Hires Tony Hong as Vice President

by Jeff Shaw

CLEVELAND — BWE Investment Sales LLC (BWEIS), a Cleveland-based investment sales organization that works closely with mortgage banker BWE, has hired Tony Hong as a vice president for seniors housing.  With over 15 years of experience in seniors housing investments, development, capital markets and advising, Hong will work closely with Charles Bissell with an aim to grow BWEIS’ seniors housing investment sales platform in partnership with the seniors housing debt team led by Ryan Stoll. Most recently, Hong was senior vice president of acquisitions and underwriting at Cogir Senior Living, …

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CCRCDevelopmentMinnesotaNews

Kraus-Anderson Begins $41.5M Expansion of Trillium Woods in Plymouth, Minnesota

by Jeff Shaw

PLYMOUTH, MINN. — Kraus-Anderson has begun a $41.5 million expansion of Trillium Woods, an independent retirement community in Plymouth, a western suburb of Minneapolis.  Trillium Woods is a continuing care retirement community (CCRC) that provides wellness services and levels of senior healthcare, including memory care, skilled nursing and rehabilitation.  The 160,321-square-foot, five-story expansion calls for 18 assisted living units, 16 memory care units, 52 independent living units and 67 underground parking spaces.  Construction is slated for completion in fall 2025. Pope Design Group was the architect.

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AcquisitionsAssisted LivingNewsTennessee

Blueprint Arranges Sale of Value-Add Community in Metro Memphis

by Jeff Shaw

MEMPHIS, Tenn. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a value-add assisted living community near Memphis. A national developer/investor engaged Blueprint to create an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. These communities were purchased in a sizeable portfolio transaction pre-COVID, under a value-add thesis contemplating operator transitions to create regional groupings coupled with the intent to meaningfully invest in renovations and repositioning. Unfortunately, the cumulative impact of COVID followed by an unprecedented rise in interest rates …

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NewsPeople

Arrow Senior Living Hires Meredith Eckl as Managing Director of Integration

by Jeff Shaw

ST. CHARLES, Mo. — Arrow Senior Living has hired Meredith Eckl as managing director of integration, a role focused on corporate standards and procedures.  A certified project management professional, Eckl brings 17 years of experience to the team, including roles in sales, operations, and project management.  Arrow also announced several new executive directors to the Missouri region in recent months. Amy Byergo was named executive director at Westbury Senior Living; Brittany Oehler has been named executive director at The Town and Country; Executive Director Denise Wilkinson will lead the team …

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Active AdultFinanceNewsTexas

Thorofare Capital Provides Financing for The Jovie at Pflugerville Active Adult Community in Texas

by Jeff Shaw

PFLUGERVILLE, Texas — Thorofare Capital has provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville.  The newly completed, 182-unit, Class A active adult multifamily community opened in mid-2023 and is situated roughly 20 miles north of Austin. The loan amount was not disclosed. Thorofare’s director of originations, Jonathan Hart, originated the loan with colleagues Eddie Prosser, head of credit, and Henry Johnson, senior associate leading the underwriting. Wilson Capital was represented by B.K. Newsom, vice president of capital markets at CBRE …

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