Thursday, June 26, 2025
Read the Magazine Subscribe

News

DevelopmentNewsPennsylvania

Marquis Starts Renovation Project at Campus in Harrisburg, Pennsylvania

by Jeff Shaw

HARRISBURG, Pa. — Marquis Health Consulting Services has started a multi-million-dollar renovation at The Terraces at Capitol Village and Capitol Rehabilitation & Healthcare Center, a senior living and skilled nursing campus. The properties are located in Harrisburg, the state capital on the Susquehanna River in Central Pennsylvania. Work is set to begin this month at The Terraces at Capitol Village, a 64-unit personal care community. The undertaking will include a complete refresh of the lobby and hallways as well as the main dining room, activity room, theater and private dining …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNews

Dover Cos. Launches New Senior Care Company Dover Health 

by Jeff Shaw

ST. LOUIS — Dover Cos., a St. Louis-based seniors housing developer, builder and operator, has launched Dover Health. The new company seeks to bridge the gap between traditional medical services and the evolving needs of aging populations. Dover Health’s service offerings include home health, hospice, private duty services, long-term care pharmacy, primary care and palliative care. These offerings are designed to address the unique needs of seniors across independent living, assisted living and memory care environments. Dover aims to maximize Medicare and Medicare Advantage benefits and foster a culture of …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTexas

Blueprint Negotiates Sale of 65-Unit Value-Add Community in Plano, Texas

by Jeff Shaw

PLANO, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 65-unit assisted living and memory care community in Plano, north of Dallas. The community was originally built in the 1990s. 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. The communities were purchased in a sizable portfolio transaction pre-COVID under a value-add plan to implement operator transitions to create regional groupings coupled with renovations and repositioning. Unfortunately, the cumulative impact of …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

B&A Architects Promotes Three to Principal Positions

by Jeff Shaw

SAN ANTONIO — B&A Architects, a San Antonio-based design firm, has promoted Miguel Saldana, Steven Jackson and Steve Mahlmann to the position of principal. within B&A Architects.  Rick Brendler, founder of B&A Architects, will remain president of the 40-year-old, San Antonio-based firm. “Each of these individuals have been integral to our success and collectively have more than four decades of experience as managers within B&A Architects, serving clients across Texas and the nation,” says Brendler. Brendler will continue to provide strategic oversight and guide the firm’s direction, long-range plans, strategy …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultFeaturesNews

Know What Your Consumers Want and Expect, Advise Active Adult Developers

by Jeff Shaw

DALLAS — The success or failure of an active adult community hinges on whether the operator can deliver on its valuation proposition, and tenants are willing to pay a premium if their lifestyle expectations are met. That’s one of the key takeaways from an active adult panel discussion that took place March 6 during the 2024 NIC Spring Conference at the Omni Dallas Hotel. Prospective tenants in this real estate niche are experienced, sophisticated consumers who know when they are being sold a bill of goods. They know if leasing …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCCRCNewsTexas

Buckner Retirement Services Acquires The Stayton at Museum Way in Fort Worth, Texas

by Jeff Shaw

FORT WORTH, Texas — Nonprofit senior living provider Buckner Retirement Services has acquired The Stayton at Museum Way, a seniors housing community in Fort Worth. The Stayton at Museum Way is an 11-story continuing care retirement community featuring 188 independent living units, 42 assisted living units, 20 memory care units and 46 skilled nursing units.  The seller, Lifespace Communities, acquired The Stayton in 2019 and has operated it since. The price was not disclosed. The Stayton will be the seventh senior living community owned and operated by Buckner in Texas, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsColoradoNews

SLIB Negotiates Sale of 108-Bed Devonshire Acres in Sterling, Colorado

by Jeff Shaw

STERLING, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Devonshire Acres, an independent living, assisted living and skilled nursing community in Sterling, near the Nebraska border approximately 130 miles northeast of Denver. The community consists of 24 independent living/assisted living beds and 84 skilled nursing beds. It was built in 1982 and renovated in 1989. The property totals 55,430 square feet on approximately 10 acres of land. The seller was a REIT. This was the tenant’s only managed asset in the state. The buyer is a …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisNewsSkilled NursingWisconsin

Walker & Dunlop Originates $65.7M in HUD Loans for Seven Midwestern Skilled Nursing Communities

by Jeff Shaw

ILLINOIS and WISCONSIN — Walker & Dunlop Inc. has originated $65.7 million in 232/223(f) and 241(a) HUD loans for seven skilled nursing facilities and memory care centers across Illinois and Wisconsin. Walker & Dunlop’s Midwest FHA Finance team, led by Joshua Rosen, Brad Annis, and Johnny Rice, arranged the construction loan and refinancings on behalf of five clients. The loans included: Elevate Care Waukegan Location: Waukegan, Illinois Amount: $21.2 million Walker & Dunlop arranged a 232/223(f) HUD loan to refinance existing commercial debt, partnership debt, and fund recent capital improvements …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentIndependent LivingNewsNorth Carolina

LCS Development Plans $90M Cypress Glen Expansion Project in Greenville, North Carolina

by Jeff Shaw

GREENVILLE, N.C. — LCS Development, An LCS Company, has received an undisclosed amount of financing for the community expansion and remodeling project at Cypress Glen, a senior living community in Greenville.  The $90 million project will add 57 independent living residences and include a new auditorium, expo kitchen, wine bar and remodeled amenities. LCS Development has led the planning, development and design, and will oversee the construction services.  The expansion is slated for completion by November 2025. Cypress Glen sits on over 95 scenic acres and is the only continuing …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTennessee

Blueprint Brokers Sale of Vacant Community in Memphis for Behavioral Health Conversion

by Jeff Shaw

MEMPHIS, Tenn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a vacant assisted living community in Memphis. Blueprint’s behavioral healthcare team advised the seller on obtaining special zoning entitlements to seek a buyer looking to convert the property into a behavioral healthcare facility. The buyer originally planned to implement capital improvements and license the building as a substance abuse facility. However, during escrow, Blueprint was approached by an adolescent mental healthcare provider, expressing strong interest in leasing and operating the property. Blueprint introduced the buyer to the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts