LEANDER, Texas — True Connection Communities (TCC) has expanded its operating platform with the addition of Skye Luxury Senior Living, a 156-apartment independent living community in Leander, a northwestern suburb of Austin. A value-add opportunity, TCC plans to upgrade the
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CONROE, Texas — Spectra Properties has started construction of Worthington Manor at the Lakes of Wedgewood in Conroe. Insight Senior Living will manage the property upon completion, which is scheduled for November. At more than 135,000 square feet, the community
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Concerns about real estate distress have primarily focused on retail and hospitality properties, both of which have most visibly borne the brunt of COVID-19 state and local lockdowns. Yet, arguably, seniors housing has suffered just as severe a blow, say
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HOUSTON — Denver-based operator MorningStar Senior Living and Houston-based real estate firm Hines have opened an information center at MorningStar Assisted Living & Memory Care at River Oaks in Houston. The community is scheduled to open this fall, featuring 85 assisted
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SAN ANTONIO — Cadence McShane Construction Co. has completed Brookwood Senior Apartments in San Antonio. Mission DG is the developer of the property, which features 197 units on a six-acre site. “This project is a great addition to San Antonio
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GEORGETOWN, Texas — Walker Real Estate and Chalk Hill Ventures, in collaboration with Pi Architects, Square One Consultants, Pat Berry Design and Skybeck Construction, have completed construction of an active adult community in Georgetown. Located on a 12-acre site near
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FORT WORTH, Texas — Bellwether Enterprise Real Estate Capital LLC has arranged a $28.9 million loan for the construction of Legacy Riverside Senior Living Community in Fort Worth. Phil Melton and Jeff Bradley, both in Bellwether Enterprise’s Dallas office, originated
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BONITA SPRINGS, Fla. — Discovery Senior Living has acquired a portfolio of 16 seniors housing properties in Texas, North Carolina and New Mexico, the largest single acquisition in the Bonita Springs-based owner-operator’s history. Discovery’s partner on the acquisition was White
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HOUSTON — HJ Simshas arranged $2.8 million PACE financing, a government program that funds energy efficiency and renewable energy improvements on private property, on behalf of StoneCreek Real Estate Partners. The financing will help fund construction of The StoneCreek of
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BEAUMONT, Texas — Buckner Retirement Services has named Shane Gabis as the executive director of Buckner Calder Woods in Beaumont, located east of Houston near the Louisiana border. Gabis previously worked for senior living provider Life Care Services in various
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ALEDO, Texas — Civitas Senior Living, a senior living management company, and Journey Capital, a senior housing development company, have broken ground on the Harvest of Aledo Senior Living, a luxury independent living, assisted living and memory care community in
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HOUSTON — Heavenrich & Co. has arranged the sale of Pathways Memory Care, a 60-unit skilled nursing memory care facility located in Northwest Houston. Pathways was built in 2014 on an 80-acre medical campus that includes the Kelsey Seybold Clinic
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EL PASO, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of three seniors housing communities — SunRidge of Cambria, Cielo Vista and Desert Springs — in El Paso totaling 167 units of assisted living and memory care.
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SAN ANTONIO — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of San Pedro Manor, a 150-bed skilled nursing facility in San Antonio. The acquisition was effective Feb. 1, and will be subject to a long-term, triple-net lease.
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DALLAS — The Legacy Senior Communities (LSC) has completed construction of The Legacy Midtown Park, a seniors housing community in North Dallas. Located on a 12-acre plot, the property features 184 rental independent living apartments, 51 assisted living apartments, 36
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KERRVILLE, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of Villagio of Kerrville, a 36-unit seniors housing community in Kerrville, approximately 65 miles northwest of San Antonio. The community has maintained occupancy levels more than 90 percent
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HURST, Texas — Gardner Capital has broken ground on Gala at Central Park, an affordable seniors housing community in the Fort Worth suburb of Hurst. The 94-unit senior complex, with a mix of one- and two-bedroom apartments, will include a
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HOUSTON — Civitas Senior Living, a senior living operator, and StoneCreek Real Estate Partners, a seniors housing developer, have announced plans for StoneCreek of Copperfield in Houston. The project will be a redevelopment of the Copperfield Racquet and Health Club,
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PLANO, Texas — Forefront Living has acquired an 18.2-acre plot of land in Plano for the construction of an independent living, assisted living and memory care community, according to Dallas-based news outlet D Magazine. The plot is located on former
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FRISCO, Texas — Presidium, a real estate investment and management firm, has completed construction of Presidium at Edgestone, a luxury active adult community in Frisco, a suburb of Dallas. The 165,398-square-foot property features 188 units on 18 acres near a
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SAN ANTONIO —Blueprint Healthcare Real Estate Advisors has negotiated a new lease for Blanco Villa Nursing and Rehabilitation, a 143-bed skilled nursing and long-term care facility in San Antonio. Built in 1967 and situated near San Antonio International Airport, the
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PLANO, Texas — Ziegler has closed $22.1 million of bond anticipation notes for Forefront Living Plano. The financing comprises $20.6 million in tax-exempt notes sold publicly to institutional investors and $1.5 million in taxable notes placed with affiliates of the
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NEW BRAUNFELS, Texas — A joint venture between Imprint Property Group (IPG) and Batson-Cook Development Co. (BCDC) has broken ground on Larkspur at Creekside, an active adult community in the San Antonio suburb of New Braunfels. The 184-unit project marks
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MCKINNEY, Texas — Draper and Kramer has acquired Adriatica Senior Living, a 121-unit rental community for active seniors in McKinney, a suburb located 30 miles north of Dallas. Built in 2017, Adriatica Senior Living offers units ranging from 806 to
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MISSOURI CITY, Texas — Gardner Capital plans to complete construction on an affordable senior community, Jubilee at Texas Parkway, in Missouri City this month. The development was made possible through affordable housing financing programs from the Texas Department of Housing
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SAN ANTONIO — Cushman & Wakefield has arranged an undisclosed amount of financing for Franklin Park Alamo Heights, a seniors housing community in the upscale Alamo Heights neighborhood of San Antonio. The borrowers were Harrison Street and Franklin Park Senior
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SAGINAW, Texas — SilverPoint Senior Living, a senior living management company, and Journey Capital, a seniors housing development company, have broken ground on Edition Senior Living in Saginaw, less than 10 miles north of Forth Worth. The property will feature
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