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AcquisitionsNewsOhioSkilled Nursing

Blueprint Brokers Sale of 157-Unit Community in Columbus, Ohio

by Jeff Shaw

COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in Columbus. The property faced challenges with occupancy and escalating staffing expenditures, which is why the owner sought a sale, according to Blueprint The community, which opened 2001, comprises 125 licensed skilled nursing beds and 32 seniors housing units. The buyer was an owner-operator with an established Ohio healthcare enterprise that sought to expand its footprint in the Columbus MSA and capitalize on the recent Ohio Medicaid reimbursement rate enhancements for both skilled …

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DevelopmentNewsPeople

United Group Promotes Clay Decker to Director of Acquisitions, Development

by Jeff Shaw

TROY, N.Y. — United Group has promoted Clay Decker to director of acquisitions and development at the Troy-based developer, owner and operator. Decker will be responsible for advancing the company’s interests in property acquisition, targeting opportunities to refurbish, reposition and improve underperforming assets. He will also pursue additional ground-up development projects in various markets. Decker graduated from SUNY Albany with a bachelor’s degree in economics in 2004. He was formerly United Group’s senior financial analyst. In that role, he was responsible for the underwriting of all United Group projects. Prior …

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CaliforniaCCRCDevelopmentNews

California Commercial Investment Group Plans 300-Unit Community in Woodland Hills, California

by Jeff Shaw

WOODLAND HILLS, Calif. — California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 million. The buyer plans to develop a luxury senior living community encompassing approximately 300 units on the site. Construction is scheduled to begin in 2026 with completion planned for 2028. The property is located in the Santa Monica Foothills, approximately 30 miles west of Los Angeles. It is just steps from the Calabasas farmers market and adjacent to the Motion Picture & …

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DevelopmentFloridaNews

Belmont Village Breaks Ground on 153-Unit Community in Aventura, Florida

by Jeff Shaw

AVENTURA, Fla. — Belmont Village Senior Living has broken ground on Belmont Village Aventura in Aventura, a coastal city approximately 15 miles north of Miami.  The luxury project is being built in partnership with Turnberry, a developer of design-driven, amenity-rich residential, hospitality and mixed-use projects. It will be Belmont’s third location in South Florida and is scheduled to open in early 2026. This venture is Turnberry’s first collaboration with Belmont Village Senior Living. Spanning almost 180,000 square feet, Belmont Village Aventura will rise 11 stories. It will feature 153 independent …

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Affordable HousingFinanceIllinoisKentuckyNews

Cambridge Realty Capital Provides $52.2M in HUD Financing for Portfolio in Kentucky, Illinois

by Jeff Shaw

CHICAGO HEIGHTS, Ill., and FLORENCE, Ky. — Cambridge Realty Capital has provided $52.2 million in HUD financing for three affordable seniors housing communities in Kentucky and Illinois. The Kentucky transaction consisted of two facilities totaling 214 rental units located in Florence. The Chicago Heights community features 320 units. Cambridges’ early rate lock program was utilized, which allowed the owner to avoid the run-up in interest rates at a fixed cost and secure the underwritten loan amounts, without reduction caused by changing market conditions. The borrowers are based in Illinois are …

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AcquisitionsLouisianaNewsSkilled Nursing

Blueprint Arranges Sale of Two Skilled Nursing Facilities in Louisiana

by Jeff Shaw

CENTER POINT and JONESVILLE, La. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 244 licensed beds in Center Point and Jonesville. The properties are located approximately 40 miles away from each other and approximately midway between New Orleans and Shreveport in the central part of the state. The seller was CommCare. Omega Healthcare REIT alongside its operator, Venza Care, acquired the assets for an undisclosed price. Brooks Blackmon and Lauren Nagle led the Blueprint team.

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NewsPeople

Perkins Eastman Hires John Shoesmith as Principal in Senior Living Practice

by Jeff Shaw

SEATTLE — Architecture and design firm Perkins Eastman has hired John Shoesmith as principal in its Seattle studio and is now a part of the firm’s international senior living practice.  With more than 30 years of experience, Shoesmith’s work involves the full continuum of senior living including active adult, life plan communities, assisted living, long-term care environments and intergenerational communities. Shoesmith became interested in design for aging after witnessing his grandmother’s struggle with dementia. His observations about how the environment could be both an asset and an obstacle in her …

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AcquisitionsDevelopmentMissouriNews

Arrow Senior Living Opens One Community, Acquires Three in Missouri

by Jeff Shaw

ST. LOUIS, ST. PETERS and KANSAS CITY, Mo. — Missouri-based Arrow Senior Living has acquired three communities in its home state.  Rebranded as The Burlington Creek, The Plaza at Wildwood and The Town & Country, Arrow successfully acquired the 252-unit portfolio for an undisclosed amount. All three properties offer “independent living plus,” assisted living and memory care. Located near The Plaza Art District in Kansas City, The Burlington Creek Senior Living, previously Anthology of Burlington Creek, first opened in 2016 and features 85 apartments.  With the addition of The Town …

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AcquisitionsNewsSkilled NursingTexas

Marcus & Millichap Negotiates Sale of Nine-Property Skilled Nursing Portfolio in Metro Dallas

by Jeff Shaw

DALLAS — Marcus & Millichap (NYSE: MMI) has arranged the sale of a portfolio of eight skilled nursing facilities and one assisted living facility totaling 1,080 licensed beds in the Dallas-Fort Worth Metroplex. “Secured by assumable nonrecourse government agency financing at below-market interest rates, the buyer made a strategic acquisition with built-in financing,” says Nick Stahler, first vice president investments in Marcus & Millichap’s Orange County office. “The portfolio’s occupancy rate at the time of the sale provides significant upside through occupancy growth, improvement of payor mix, and expense control.”  …

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DevelopmentMemory CareNewsVirginia

Commonwealth Senior Living Begins Memory Care Expansion at Community in Manassas, Virginia

by Jeff Shaw

MANASSAS, Va. — Commonwealth Senior Living has started the complete renovation of Commonwealth Senior Living at Manassas, located in the town of Manassas, approximately 35 miles southwest of Washington, D.C. The project includes the creation of a secure memory care neighborhood, which will feature a new dining room, a new fitness/therapy space and a new living/activity room dedicated to the memory of Caton Merchant, original founder of the community.  In addition, all the apartments and public areas will be renovated, and the building exterior will be completely updated.  “Since taking …

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