CHARLOTTE, N.C. — SRI Management has expanded into North Carolina with the management transition of Trevi Vibrant Senior Living, an independent living community in Northeast Charlotte. Located between I-485 and the Charlotte Motor Speedway, Trevi Vibrant Senior Living is close to Concord Mills, offering abundant shopping, entertainment, hospitality and medical options. Trevi Vibrant Senior Living is part of the 45-acre Trevi Village mixed-use development.
BOSTON — LGBTQ Senior Housing Inc., Pennrose, the City of Boston and other project partners have opened The Pryde, an LGBTQ-affirming affordable housing community for seniors in Boston’s Hyde Park neighborhood. The project transformed the historic Rogers Middle School site into a vibrant community of 74 mixed-income rental homes. The Pryde includes studio, one- and two-bedroom modern apartments available to households earning less than 30 percent to less than 100 percent of the area median income (AMI), or approximately $36,690 to $103,900 for a one-person household. Several apartments will be …
RALEIGH, N.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 143-unit independent living community in Raleigh. Opened in 2019, the community features a variety of unit types catering to a range of price points. While performance lagged in the wake of COVID, the community experienced positive momentum throughout 2023 and early 2024 and was trending toward stabilization at the time of marketing, according to Blueprint. The seller was a national developer/investor. Focus Healthcare Partners and Solera Senior Living acquired the asset for an undisclosed price. Alex …
ALEXANDRIA, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Diamond Willow Assisted Living & Memory Care, a 20-unit community in Alexandria, approximately 130 miles northwest of Minneapolis. Built in 2006, the 15,483-square-foot community sits on nearly three acres of land. A private equity firm divesting of a geographic outlier sold the asset to a nonprofit looking to expand in Minnesota. The price was not disclosed. Jason Punzel, Vince Viverito, Brad Goodsell and Jake Anderson led the transaction for SLIB.
CHICAGO — Senior living CEOs today face a rapidly evolving business landscape. New regulations, technology and innovation, the drive for efficiency, capital partnerships and the ground-up development dilemma are among the key issues that top leaders confront on a day-to-day basis. A group of CEOs gathered to discuss their leading-edge strategies at the Interface Seniors Housing Midwest Conference, held June 26 at the Swissotel in Chicago. The executives participated in a session titled “The Power Panel: CEOs Discuss the State of the Industry.” Maureen Longoria, CEO and co-founder at LivNow …
RALEIGH, N.C. — Waltonwood Senior Living has released plans for Waltonwood Lead Mine, an assisted living and memory care community set to open in Raleigh in fall 2025. The community will feature 95 units, including 65 for assisted living and 30 for memory care. The site is near Crabtree Valley Mall and the North Hills area, which Waltonwood selected to provide convenient access to local amenities and services. Partners on the project include Cline Design Architects, Lighthouse Engineering, Hauser Creech Structural Engineers, Singh Development and Choate Construction.
WAYLAND, Mass. — LCB Senior Living has completed a renovation project at the Residence at Paine Estate in Wayland, approximately 15 miles west of Boston. The property, which sits alongside the Sudbury River, was purchased in the early 1900s by Edwin Farnham Greene, who built a brick mansion and installed gardens overlooking the river. In 1926, he sold the site to Frank and Virginia Paine and it became known as Paine Estate. Frank Paine was the son of a Civil War general who earned his fortune by investing in the …
ATLANTA; MEMPHIS, Tenn.; MOBILE, Ala.; and SHREVEPORT, La. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime urban areas surrounding Atlanta, Memphis, Mobile and Shreveport. The properties include Bell Minor Home, Cambridge Post Acute Care Center, Nurse Care of Buckhead, Riverside Health Care Center, Rockdale Healthcare Center, Westminster Commons, Millington Healthcare Center, Parkway Health and Rehabilitation Center, Kensington Health and Rehabilitation, and Highland Place Rehabilitation and Nursing. Collectively, these facilities total …
RALEIGH, N.C. — As the number of people age 80 and older continues to grow rapidly, the United States will not have enough seniors housing to meet this demand in the next five years. This is according to detailed projections from NIC MAP Vision, a Raleigh-based seniors housing data and analytics firm. NIC MAP Vision’s report — Senior Housing Outlook — highlights a critical shortage of developments amid rapidly growing demand, emphasizing the need for immediate action and the ripe opportunity for investors. According to NIC MAP Vision data, the current seniors …
NEW YORK CITY — Berkadia Seniors Housing & Healthcare has worked with Poppy Bank to close loans for 12 different seniors housing properties totaling over $329.7 million of bridge debt. Chris Cain of Berkadia Seniors Housing & Healthcare, alongside Steve Ervin, secured the financing. The 12 properties total 1,597 units. Further details were not disclosed.
