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AcquisitionsActive AdultNewsTexas

Lloyd Jones, ST Real Estate Acquire 138-Unit Trinity Courtyard in Fort Worth

by Jeff Shaw

FORT WORTH, Texas — Lloyd Jones, in partnership with with ST Real Estate Holding Inc., has acquired Trinity Courtyard, a 138-unit active adult community in Fort Worth. Trinity Courtyard is located on six acres near downtown Fort Worth, the second fastest- growing large city in the United States, giving residents access to a diverse array of entertainment, retail and outdoor recreation. The property will operate under Lloyd Jones’ proprietary Aviva brand as AVIVA Fort Worth. The seller and price were not disclosed.

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ArizonaDevelopmentNewsOperationsTexas

Integral Senior Living to Operate Two Communities in Texas, Arizona

by Jeff Shaw

PFLUGERVILLE, Texas, and QUEEN CREEK, Ariz. — Integral Senior Living has taken oer operations of Sage Valley Senior Living in Pflugerville and Mojave Sage Senior Living in Queen Creek. Both properties provide assisted living and memory care services. This addition comes shortly after ISL announced expanding its portfolio with four new communities in Utah and Nevada. Investcor owns the communities. Sage Valley is set to open its doors early 2023, with Mojave Sage opening in 2024.

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DevelopmentNewsTexas

Forefront Living Starts Construction of 239-Unit The Outlook at Windhaven in Plano, Texas

by Jeff Shaw

PLANO, Texas — Forefront Living has broken ground on The Outlook at Windhaven, a seniors housing community in Plano. Architecture firm “three” designed the 18-acre project. Plans call for 30 independent living cottage homes, 153 independent living apartments, and a 56-unit building for assisted living and memory care in a 530,000-square-foot building. A timeline for completion was not released.

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AcquisitionsIndependent LivingNewsTexas

SLIB Brokers Sale of 300-Unit Independent Living Community in Houston

by Jeff Shaw

HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 300-unit independent living community in Houston. The community is approximately 206,000 square feet in total and is situated on approximately 7.6 acres of land. The seller is an owner-operator that wanted to sell a non-core asset to focus on its senior living and skilled nursing assets. The buyer is a California-based real estate owner. The price was not disclosed. The buyer hired a third-party manager that operates several independent living communities in Texas. The property shares services …

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DevelopmentIndependent LivingNewsTexas

JPI Partners Breaks Ground on 185-Unit Independent Living Community in Anna, Texas

by Jeff Shaw

ANNA, Texas — JPI has partnered with the City of Anna to break ground on Parmore Anna Senior Living, a luxury independent living community in Anna, approximately 50 miles north of Dallas. The property will be the first of its kind in Anna and JPI’s second installment in its new line of senior developments. The Anna Housing Finance Corp. is also a partner on the project. The 150,000-square-foot community will span over nine acres and include 185 apartments. The project is scheduled for completion in 2023.

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AcquisitionsFinanceNewsSkilled NursingTexas

Greystone Provides $12.8M in Acquisition Financing for Skilled Nursing Facility in Rockwall, Texas

by Jeff Shaw

ROCKWALL, Texas — Greystone has provided $12.8 million in bridge financing for the acquisition of Highland Meadows Health & Rehab, a 120-bed skilled nursing facility in Rockwall, located on Lake Ray Hubbard northeast of Dallas. DJ Elefant, vice president at Greystone, originated the financing on behalf of HACO Properties LLC. Helios Healthcare Advisors served as the debt broker in the transaction. The nonrecourse bridge financing from Greystone features a 24-month term with one 12-month extension option and interest-only payments for the full term. Greystone has already begun working with the …

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AcquisitionsFinanceNewsSkilled NursingTexas

VIUM Funds $15M Acquisition Loan for Skilled Nursing Facility in Texas

by Jeff Shaw

TEXAS — VIUM Capital has provided a $15 million bridge loan for the acquisition of a 124-bed skilled nursing facility in Texas. The financing features 100 loan-to-cost ratio and 50 percent recourse that will burn off along with the HUD loan application. The community opened in March 2020. Further details were not disclosed.

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AcquisitionsNewsSkilled NursingTexas

North Texas Benevolent Holdings Buys Three Communities from Bankruptcy

by Jeff Shaw

DALLAS — North Texas Benevolent Holdings has acquired three seniors housing communities. The locations and details on the properties were not disclosed. The properties were formerly part of Christian Care Centers, which declared bankruptcy. The buyer intends to lease all three communities to affiliates of Boncrest Resource Group Inc. a nonprofit operator North Texas Benevolent Holdings, LLC is owned by McFarlin Group of Dallas and Covington Health Group of Atlanta.

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Assisted LivingDevelopmentNewsTexas

Anthology Plans Two Communities Totaling 251 Units in Austin, Dallas

by Jeff Shaw

DALLAS and AUSTIN, Texas — Anthology Senior Living has released plans for two new senior living communities in Austin and Dallas that include a total of 251 residences. Once these projects are complete, Anthology Senior Living will have a total of six communities in the state of Texas. Anthology of The Arboretum, located on 2.1 acres in Austin, will offer assisted living and memory care options. The 131,000-square-foot development is located between The Arboretum and The Domain, two major retail centers including many high-end shops and restaurants. The five-story building …

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Active AdultDevelopmentNewsTexas

KWA Construction Breaks Ground on Avenida Carrollton Active Adult Development in Texas

by Jeff Shaw

CARROLLTON, Texas — KWA Construction has broken ground on Avenida Carrollton, an active adult community in the Dallas-Fort Worth suburb of Carrollton. Avenida Carrollton will offer a 155-unit apartment building as well as 48 duplex and triplex cottages. The apartment building will rise four stories and total 202,106 square feet. The cottages total 63,925 square feet. Developed by Avenida Partners, a California- and Tennessee-based national real estate development firm, Avenida Carrollton marks the company’s premier project in Texas and will serve as the flagship location of its expansion within the …

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