BELLEVUE, Wash. — Transforming Age, a Bellevue-based nonprofit operator, has completed its affiliation with Elder Care Alliance (ECA). By combining their expertise, the two organizations aim to strengthen and grow their mission impact and better address the evolving needs of older adults across the economic spectrum, according to Transforming Age. Transforming Age is one of the nation’s largest nonprofit senior living providers, serving more than 125,000 older adults by integrating housing, community services, technology, philanthropy and partnerships. Guided by a similar set of values and rich culture, San Francisco Bay …
CONCORD, N.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 54-unit assisted living and memory care community in Concord, a northeastern suburb of Charlotte. Constructed in the late 1990s in a prominent location, Blueprint marketed the asset as a rare opportunity to acquire a performing, but not yet stable, community in an urban submarket of the high-barrier-to-entry, Certificate of Need state. The buyer was a newly formed joint venture between a Midwest-based investment group and Carolinas-based operator. The seller and price were not disclosed. Kyle Hallion, …
WATKINSVILLE, Ga., and MURRELLS INLET, S.C. — Senior Living Investment Brokerage (SLIB) has arranged a new tenant for two communities in the Southeast cities of Watkinsville and Murrells Inlet. Combined, the properties offer 159 units of assisted living and memory care. The landlord is a seniors housing and healthcare REIT. The new tenant is a Tennessee-based operator with a large presence throughout the Southeast. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.
DES MOINES, Iowa — LCS, a Des Moines-based senior living operator, has promoted Dan Lahey to executive vice president and chief financial and investment officer. Lahey will direct all financial and real estate operations for the organization and provide leadership for financial planning and analysis, accounting, treasury, tax, community finance, investments, capital markets, and asset and portfolio management for LCS. Lahey established himself as an industry leader in various roles in the finance and real estate teams since joining LCS in 2008. He joined LCS as an accounting and tax …
STOW, Mass. — MassDevelopment has issued $25.7 million in tax-exempt bond financing to fund renovation and expansion of Elizabeth Brook Apartments, an affordable seniors housing community in Stow, approximately 25 miles west of Boston. SEHC Elizabeth Brook Apartments Limited Partnership, an affiliate of Stow Elderly Housing Corp., is developing the project, which includes renovating the existing 50 units while adding a 37 additional units. The new building will be adjacent to the existing apartment complex and will create a campus and continuum of care. Minuteman Senior Services will provide case …
NEW BERN, SHELBY, GOLDSBORO, GREENVILLE and ROCKY MOUNTAIN, N.C. — Senior Living Investment Brokerage (SLIB) has arranged the re-tenanting of five seniors housing communities in North Carolina totaling 210 units of assisted living. The properties are located in New Bern, Shelby, Goldsboro, Greenville and Rocky Mountain. The landlord is a seniors housing and healthcare REIT. The new tenant is a North Carolina-based operator with a large presence in the state. Bradley Clousing, Daniel Geraghty and Patrick Burke of SLIB handled the transaction.
FAYETTEVILLE, Ark., and KNOXVILLE, Tenn. — Anthem Memory Care has assumed management of two communities — Clear Creek in Fayetteville and Concord Place in Knoxville. The new properties bring Anthem’s portfolio up to 19 properties and marks the Oregon-based operator’s entry into Tennessee.
MIAMI — Pinnacle has hired Lauren Levrant as vice president of affordable development. She will focus on expanding Pinnacle’s affordable housing portfolio, primarily in Miami. Levrant will be responsible for identifying and evaluating potential affordable housing development opportunities in Miami-Dade County, as well as overseeing projects from conception to completion. Levrant started her career as an intern at Pinnacle, and over time was promoted to be a development associate. In 2017, she moved to the West Coast and worked across markets in California, Colorado, Arizona and New Mexico. She most …
FORT WASHINGTON, Pa. — Ziegler has arranged $68.5 million in bond financing for Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, a northern suburb of Philadelphia. Of the total, $10.3 million were tax-exempt bonds issued through the Montgomery County Industrial Development Authority and $58.2 million were tax-exempt bonds issued through the Delaware Economic Development Authority. The proceeds will be used to reimburse a line of credit in the amount of $55 million for prior project costs in Delaware and to fund future project costs of $13 million in …
EAU CLAIRE, Wis. — Blueprint Healthcare Real Estate Advisors has arranged the sale of eight Dove Healthcare-owned seniors housing properties in Wisconsin. The portfolio totals 526 beds/units of skilled nursing and assisted living with regional concentration in and around Eau Claire. Five of the eight properties are located within an 11-mile radius and all within an approximate one-hour drive time. The portfolio consists of mostly five-star rated communities located in close proximity to all the major regional hospitals including HSHS Sacred Heart, Marshfield Clinic and Mayo Clinic-Eau Claire acute referral …