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Active AdultAffordable HousingDevelopmentMinnesotaNews

Lupe Development Completes 200-Unit Wirth on the Woods Mixed-Income Community in Minneapolis

by Jeff Shaw

MINNEAPOLIS — Lupe Development has opened Wirth on the Woods, a 200-unit mixed-income seniors housing community in the Bryn Mawr neighborhood of Minneapolis. The campus includes 100 units of affordable seniors housing in a six-story building (The Theodore) and 100 units of market-rate active adult housing (The Eloise) in a second six-story building. The development includes a new regional storm pond, outdoor classroom and play area for the adjacent Anwatin Middle and Bryn Mawr Elementary schools, as well as shared amenities for the senior campus. The affordable housing at The …

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AcquisitionsNewsSkilled NursingUtah

Ensign Group Acquires Long-Term Acute Care Hospital, Skilled Nursing Facility in Bountiful, Utah

by Jeff Shaw

BOUNTIFUL, Utah — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of South Davis Specialty Care a 95-bed skilled nursing operation, and Western Peaks Specialty Hospital, a 43-bed long-term acute care hospital (LTACH). Both assets are located in Bountiful, approximately 10 miles north of Salt Lake City.  The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT Inc., Ensign’s captive real estate company. “This acquisition represents a milestone in our organization, as it is the first acquisition of a long-term acute care …

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InvestmentNewsPeople

Senior Lifestyle Hires Industry Veteran John Rimbach as Chief Investment Officer

by Jeff Shaw

CHICAGO — Senior Lifestyle, a Chicago-based owner-operator, has hired John Rimbach as chief investment officer. With more than 30 years of experience in the senior living industry, Rimbach will spearhead the company’s investment strategies and financial growth trajectory. Prior to joining Senior Lifestyle, Rimbach served as president of healthcare facilities at Health Care Trust Advisors LLC. In this role, he managed diverse portfolios and executed winning investment strategies in the senior living space. As the founder and CEO of West Living LLC, Rimbach drove operations and optimized financial performance. In …

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AcquisitionsIllinoisMemory CareNewsOperationsWisconsin

Anthem Memory Care Assumes Management of Communities in Illinois, Wisconsin

by Jeff Shaw

SAVOY, Ill., and FRANKLIN, Wis. — Anthem Memory Care has assumed management of two communities — Savoy Place in Savoy and Franklin Place in Franklin.  Under the agreement, Anthem Memory Care is managing all aspects of the communities’ operations and will add regional staff, technology and training programs to adapt the communities to its approach to care. The new properties bring Anthem’s portfolio up to 20 properties and marks the Oregon-based operator’s entry into Wisconsin. With existing communities in Arkansas, California, Colorado, Illinois, Kansas, Minnesota and Ohio, Anthem now manages …

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Brokers Sale of Skilled Nursing Facility in Cincinnati

by Jeff Shaw

CINCINNATI — Blueprint Healthcare Real Estate Advisors has arranged the sale of a skilled nursing facility in Cincinnati. A local owner-operator looking to focus on other asset classes sold the property to another owner-operator. The price was not disclosed. The facility opened in 2013 featuring a large rehabilitation center and state-of-the-art aquatic therapy room, in addition to all-private resident rooms. Connor Doherty and Ryan Kelly led the Blueprint team.

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AcquisitionsAssisted LivingMichiganNewsOperations

Arrow Takes Over Management of University Senior Living in Ann Arbor, Michigan

by Jeff Shaw

ANN ARBOR, Mich. — Arrow Senior Living has assumed management of University Senior Living, expanding its Midwest reach.  Located near the University of Michigan campus in Ann Arbor, University Senior Living features 63 assisted living units and 12 memory care apartments. Arrow Senior Living’s portfolio includes 37 communities, with several in development, across the Midwest. The addition of University Senior Living marks Arrow’s expansion into the Michigan market.

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Active AdultFeaturesNews

In Active Adult, Tenants Make the Community

by Jeff Shaw

DALLAS — In standard senior living, the selling points tend to be the care and amenities offered for an ailing parent. In active adult properties, though, it’s the tenants themselves that make the community a draw. That’s according to a panel of seniors living in age-restricted communities throughout metro Dallas. The residents were the highlight of the closing panel at InterFace Active Adult, held April 18 at The Westin Las Colinas in Dallas.  The panel was titled “Live Interview of Active Adult Residents: What Motivated Them to Move in?” All …

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Memory CareNewsPeople

Watercrest Senior Living Group Promotes James Brassard to Director of Market Street Operations

by Jeff Shaw

VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based operator, has promoted James Brassard to a new executive leadership role as director of Market Street operations.  Market Street Memory Care Residences are luxury communities that Watercrest designed and operates. Brassard joined the Watercrest family in 2019 with extensive experience in senior living start-ups and turnaround communities. He successfully led the acquisition and turnaround of the company’s Palm Bay Memory Care community before advancing to executive director of Pelican Landing Assisted Living and Memory Care. In his new role, …

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DevelopmentIndependent LivingMichiganNews

REDICO Opens 132-Unit American House Meridian in Michigan

by Jeff Shaw

HASLETT, Mich. — REDICO has opened American House Meridian, a seniors housing community in Haslett, which is located within Meridian Township just east of Lansing and Michigan State University. The community rises four stories and features 132 units of independent living, 50 of which were pre-leased prior to opening. Cunningham-Limp Development Co. built the community, with Banko Design as architect. The site is located near highways I-96 and I-69, five premier golf courses and two major hospital systems: McLaren and Sparrow.

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