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Brazos Presbyterian Homes Holding Promotes Deidre Kinsey to Chief Executive Officer

by Jeff Shaw

HOUSTON — Brazos Presbyterian Homes Holding Inc. has promoted Deidre Kinsey to CEO. A 30-year veteran of the senior living industry, Kinsey most recently served two years as the company’s chief operating officer. She will lead the Houston-based nonprofit organization’s three continuing care retirement communities: Brazos Towers at Bayou Manor and The Hallmark in Houston and Longhorn Village in Austin. In her new CEO role, Kinsey aims to unite Brazos Presbyterian Homes Holding into a cohesive, multisite organization by leveraging each senior living community’s strengths, a broader talent pool, shared …

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AcquisitionsNewsSkilled NursingTexas

SLIB Negotiates Sale of 120-Bed Skilled Nursing Facility in La Marque, Texas

by Jeff Shaw

LA MARQUE, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed skilled nursing facility in La Marque, a Gulf Coast city southeast of Houston. The community totals approximately 45,628 square feet on 4.3 acres of land. The seller is a local, Texas-based family partnership, which is selling its only seniors housing community. The buyer owns and operates several skilled nursing facilities in Texas. The price was not disclosed. Matthew Alley of SLIB handled the transaction.

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AcquisitionsActive AdultNewsTexas

Green Courte Partners Acquires Chesapeake Bay Active Adult Community in Seabrook, Texas

by Jeff Shaw

SEABROOK, Texas — Green Courte Partners LLC, a private equity real estate investment firm, has acquired Chesapeake Bay, an active adult community with 348 apartments and cottages in Seabrook, just south of Houston. The acquisition was made through the buyer’s fifth investment fund, Green Courte Real Estate Partners V. The seller and price were not disclosed. The acquisition increases Green Courte’s national senior living portfolio to 19 communities containing approximately 3,100 units. The firm’s wholly owned operating platform, True Connection Communities, manages the properties. “The Houston market has demonstrated robust …

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Bellingham at West Chester
AcquisitionsMissouriNewsOperationsPennsylvaniaTexas

Life Care Services Takes Over Management of Three Longview Senior Housing Communities

by Jeff Shaw

ST. PETERS, Mo.; WEST CHESTER, Pa.; and FORT WORTH, Texas — Life Care Services, an LCS Company, has been selected as the management partner for three communities owned by affiliates of Longview Senior Housing.  The announcement expands the total number of Longview communities managed by Life Care Services to seven.    The properties include:

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The Legacy at Town Square, Amarillo, Texas
AcquisitionsAssisted LivingNew MexicoNewsOperationsTexas

Pegasus Takes Over Management of Eight LifeWell Legacy Communities in Texas, New Mexico

by Jeff Shaw

GRAPEVINE, Texas — Pegasus Senior Living will assume the management of eight communities in Texas and New Mexico. The Properties are currently operated by LifeWell Senior Living under its Legacy brand name.   The eight communities collectively total 652 units. All locations offer both assisted living and memory care.   With the addition of the eight LifeWell communities, Pegasus will operate 43 senior living communities, with 13 located in Texas and New Mexico. Further details were not disclosed.

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AcquisitionsAssisted LivingNewsTexas

LifeCare Properties Sells 112-Unit Blake at New Braunfels in Texas to Inspired Healthcare Capital

by Jeff Shaw

NEW BRAUNFELS, Texas ­— LifeCare Properties (LCP) has sold The Blake at New Braunfels to Inspired Healthcare Capital for an undisclosed price.  The Blake at New Braunfels is a 112-unit assisted living and memory care community in New Braunfels, northeast of San Antonio in the heart of Texas Hill Country. Built in 2021, the Class A property features 71 assisted living units and 41 memory care units. Blake Management Group will continue to operate the property under the new ownership. Cody Tremper and his team at Berkadia Seniors Housing & …

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Affordable HousingDevelopmentFinanceNewsTexas

Hunt Capital Partners Arranges $13.2M Financing for Oak Lofts Crossing Affordable Community in Stafford, Texas

by Jeff Shaw

STAFFORD, Texas — Hunt Capital Partners has arranged $13.2 million in Low-Income Housing Tax Credit financing for the construction of Oak Lofts Crossing for Seniors, a 60-unit affordable seniors housing community in the Houston suburb of Stafford. Oaklake Community Housing Development Corp. (OCHDC) is the borrower. Comprised of a four-story, elevator-serviced, mid-rise building, the development will offer a mix of one- and two-bedroom affordable homes for those who earn up to 30 percent, 50 percent and 60 percent of the area median income (AMI). Oak Lofts Crossing provides a much-needed …

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AcquisitionsNewsSkilled NursingTexas

SLIB Brokers Sale of 112-Bed Treemont Health Care Center in Houston

by Jeff Shaw

HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of Treemont Health Care Center, a 112-bed assisted living and skilled nursing community in Houston. Built in 1974, the 39,058-square-foot community sits on approximately 1.3 acres. The bed mix is 42 assisted living and 70 skilled nursing. A regional owner-operator sought to exit the property due to the post-pandemic operating difficulties. The buyer was a local owner-operator looking to expand in Houston. The buyer assumed a HUD loan associated with the property. The price was not disclosed Vince Viverito, …

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AcquisitionsNewsSkilled NursingTexas

SLIB Arranges Sale of 108-Bed Haven Care in Longview, Texas

by Jeff Shaw

LONGVIEW, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Haven Care, a 108-bed skilled nursing facility in the East Texas city of Longview. The property totals 24,653 square feet on three acres of land. The seller was a Texas-based partnership looking to divest of its only seniors housing community. The buyer was an owner-operator with several other facilities in the state, including in the Longview market. The price was not disclosed. Matthew Alley of SLIB handled the transaction.

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AcquisitionsAssisted LivingNewsTexas

Berkadia Brokers Sale of 112-Unit The Blake at New Braunfels in Texas

by Jeff Shaw

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 …

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