OHIO — Ziegler has acted as sell-side financial advisor to the sale of a portfolio located in Northern Ohio. The portfolio comprised three buildings consisting of 182 skilled nursing beds and 24 behavioral health beds. The seller is a leading nonprofit organization dedicated to providing affordable housing, healthcare and supportive services to various populations, including seniors, veterans and families in need. The portfolio represents the organization’s only healthcare properties in Ohio. The buyer is a privately held, for-profit owner and operator based in Englewood Cliffs, New Jersey, that intends to …
SAN DIEGO — Senior Resource Group LLC (SRG) has promoted Rob Henderson to chief operating officer. Henderson joined SRG last year as vice president of operations, where he oversaw several of SRG’s communities. With more than 26 years of experience in all operational facets of senior living, including independent living, assisted living, memory care and skilled nursing, Henderson has held executive leadership roles in Southern California-based senior living companies serving residents nationwide. Headquartered in San Diego, SRG owns, develops and operates independent living, assisted living and memory care communities across …
RALEIGH, N.C. — Solera Senior Living, a Denver-based operator, developer and investor of senior living communities across the U.S., has been named the operator of The Willows at Raleigh, an independent living community in Raleigh. Focus Healthcare Properties recently acquired the property. The Willows offers 143 independent living residences. It is located in a residential area with easy access to big-city amenities. Residents are near shopping and dining, as well as major attractions in the capital city: North Carolina State University, the NC State Fairgrounds, Millbrook, Wake Forest and Falls …
CRYSTAL RIVER, Fla. — FK Architecture has completed design work for The Fountains at Hidden Lake, an affordable seniors housing facility along Florida’s Nature Coast, and the project is now under construction. The seven-acre community will encompass 81,000 square feet of living space in addition to amenities space. Housing Trust Group (HTG) is developer for the four-story, $25 million community. It will feature 81 one- and two-bedroom units for residents over age 62 who earn at or below 40 and 60 percent of the region’s median income. Individual units, ranging …
WASHINGTON and IDAHO — Capital Funding Group (CFG) has provided a HUD financing package totaling $42 million. The package included three loans supporting the refinancing of existing bridge loans for three skilled nursing facilities: Tim Eberhardt and Ava Julio originated the transaction. The borrower was not disclosed.
TUCSON, Ariz. — Greystone has provided a $29.4 million HUD-insured loan to refinance a 240-bed skilled nursing facility in Tucson. Eric Rosenstock originated the loan on behalf of Sapphire of Tucson Properties LLC. Sandstone of Tucson Rehab Centre in Pima County is a long-term skilled nursing and post-acute rehabilitation facility that includes 127 units, consisting of 43 private and 84 semi-private rooms. The permanent FHA loan carries a 35-year term and amortization.
NEW BRAUNFELS, Texas — Berkadia has arranged the sale of The Blake at New Braunfels, a resort-style, 112-unit assisted living and memory care community in New Braunfels, a suburb of San Antonio. Berkadia Seniors Housing & Healthcare, led by Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders, closed the transaction on behalf of Biloxi, Mississippi-based LifeCare Properties, a wholly owned subsidiary of Comvest Properties. Scottsdale, Arizona-based Inspired Healthcare Capital was the buyer. The price was not disclosed. The Blake at New Braunfels is a new vintage, Class A community …
KNOXVILLE and MARYVILLE, Tenn. — Covenant Living Communities and Services and Presbyterian Homes of Tennessee, have closed on an affiliation with two communities in the metropolitan area of Knoxville. Shannondale of Knoxville, located in Knoxville, sits on 50 acres and offers independent living and assisted living comprising of 228 apartments, homes and duplexes. Shannondale of Maryville, 24 miles south of Knoxville, sits on 34 acres and offers independent living, assisted living and skilled nursing with 237 apartments, homes and duplexes. Under the agreement, the two communities are now affiliate members and …
BALLWIN, Mo. — IMPACT Strategies Inc. has completed The Rehabilitation Institute of St. Louis – West County in Ballwin, a suburb west of St. Louis. Encompass Health Corporation and BJC HealthCare held a ribbon cutting at the property in May 2024. This inpatient rehabilitation hospital is an expansion of the current joint venture between Encompass and BJC, which already includes three hospitals known as The Rehabilitation Institute of St. Louis, The Rehabilitation Institute of Southern Illinois and The Rehabilitation Institute of St. Louis located in St. Peters. The recently completed …
ANNAPOLIS, Md. — Older adults who moved into seniors housing experienced the same or better health outcomes compared to those who live in the greater community, according to research conducted by NORC at the University of Chicago. This is a core conclusion of a body of research showing how seniors housing communities can improve access to safe and high-quality care for older adults. The research found that people who move into seniors housing experience decreased vulnerability, receive more healthcare services at home, and have slightly increased longevity compared to older …