COLUMBIA, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Amara Place, a seniors housing community in Columbia. The property features 38 independent living units, 32 assisted living units and 22 memory care units. The asset recently underwent a $2 million renovation project. Amara Place comprises seven buildings in 6.9 acres of land. An owner-operator looking to expand in the region acquired Amara Place from a private capital provider exiting the seniors housing industry. The price was not disclosed. Bradley Clousing and Jason Punzel of SLIB handled …
South Carolina
LANCASTER, S.C. — Watercrest Senior Living Group has hired Paige Hodgin as executive director of the newly constructed Watercrest Fort Mill-Indian Land Assisted Living and Memory Care. The resort-style senior living community offers 75 assisted living and 32 memory care apartments in Lancaster, approximately 20 miles south of Charlotte, North Carolina. Hodgin joins Watercrest with a degree in business administration and more than 20 years of experience in sales and marketing, small business management and healthcare. She is a certified dementia specialist and former chairperson for the Alzheimer’s Association’s Walk …
Cushman & Wakefield Arranges $37.1M Financing for Wellmore of Daniel Island in Charleston, South Carolina
by Jeff Shaw
CHARLESTON, S.C. — Cushman & Wakefield Senior Housing Capital Markets has arranged $37.1 million in financing of Wellmore of Daniel Island, an assisted living, memory care and skilled nursing community in Charleston. Wellmore of Daniel Island is a 186-unit, 198-bed community that opened in 2018. It is located within the Daniel Island area, near downtown Charleston and overlooking the Daniel Island Club Beresford Creek golf course. The borrower is an affiliate of Maxwell Group. The lender is Truist Financial. The Cushman & Wakefield team involved in the transaction included Richard …
Resort Lifestyle Communities Plans $30M Greenway Square Independent Living Community in South Carolina
by Jeff Shaw
INDIAN LAND, S.C. — Resort Lifestyle Communities (RLC) has planned an Oct. 1 groundbreaking ceremony for Greenway Square, an independent living community in Indian Land, located across the North Carolina border from Charlotte. The $30 million, 180,000-square-foot community is the fourth RLC location in South Carolina.
INDIAN LAND, S.C. — Watercrest Senior Living Group and equity partner Waypoint Residential have opened Watercrest Fort Mill – Indian Land Assisted Living and Memory Care. The community is located in Indian Land, approximately 20 miles south of Charlotte just across the North Carolina border. It features 75 assisted living units and 32 memory care units. General contractor Shiel Sexton built the community. It is the second senior living development partnership between Watercrest Senior Living Group and Waypoint Residential. The first project, Watercrest Newnan Assisted Living and Memory Care, recently …
MYRTLE BEACH, S.C. — Watercrest Senior Living Group and its equity partners, Peninsula U.S. Real Estate and Corecam Capital Partners, have broken ground on Watercrest Myrtle Beach Assisted Living and Memory Care in Myrtle Beach. The property will feature 76 assisted living units and 22 memory care units near the Atlantic Coast and many golf courses. Bank of Texas financed the construction, and Shiel Sexton is the builder. The project is scheduled for completion in late 2021.
Cushman & Wakefield Arranges $19.8M Refinancing for HarborChase of Riverwalk Near Charlotte
by Jeff Shaw
ROCK HILL, S.C. — Cushman & Wakefield Senior Housing Capital Markets has arranged $19.8 million in financing for HarborChase of Riverwalk, a recently opened assisted living and memory care community in Rock Hill, approximately 25 miles southwest of Charlotte, North Carolina. The borrower, private equity firm BridgeForth Capital, will use the funds to refinance the construction loan. Saperean Capital provided the new financing. HarborChase of Riverwalk is an 88-unit property located within the Riverwalk master planned development. The community opened February 2020. The operator is Harbor Retirement Associates. The Cushman …
CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has arranged the sale of six seniors housing communities in three states. The seller, Invesque, was seeking an exit from its joint venture portfolio of Royal Senior Care properties. One community in Florida was sold to a third-party buyer, while a Georgia community was sold to Royal Senior Care. The remaining four communities, all located in South Carolina, went to an existing portfolio partner of Royal Senior Care with a strong presence in the state. The prices and specific …
Watercrest Hires Blake Patterson as Executive Director of Newly Built Community in South Carolina
by Jeff Shaw
COLUMBIA, S.C. — Watercrest Senior Living Group has hired Blake Patterson as executive director of Watercrest Columbia Assisted Living and Memory Care in Columbia. Watercrest Columbia is a 107-unit, resort-style senior living community, which opened to residents in the fall of 2019. Patterson began his career in hospice services. With a transition to marketing director for assisted living and memory care, he witnessed first-hand the impact of the front-line staff as a critical factor in the success of a community. Patterson later became executive director of an assisted living, memory …
GREENVILLE, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a seniors housing community in Greenville. Built in 2001, the property features 74 assisted living units and 17 memory care units. The name of the property, price and seller were not disclosed. A private investor acquired the community with plans to replace operations.