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FinanceNewsTexas

JLL Arranges $28M Refinancing for The Landing at Augusta Woods in Spring, Texas

by Jeff Shaw

SPRING, Texas — JLL Capital Markets has arranged a $28 million senior mortgage for The Landing at Augusta Woods, a 148-unit seniors housing community in Spring. JLL represented Harmony Communities to secure the four-year, fixed-to-floating-rate loan from a life insurance company to refinance an existing construction loan and fund additional expansion of the community. The community comprises a 120-unit apartment-style complex that provides independent living, assisted living and memory care, and 28 to-be-built independent living duplex-style cottage units. Spring is located just outside of The Woodlands, which is one of …

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DevelopmentIndependent LivingNewsTexas

Journey Capital Starts Phase III Expansion at Edition of Saginaw in Texas

by Jeff Shaw

SAGINAW, Texas — Journey Capital has broken ground on the third phase of development at Edition of Saginaw Senior Living in Saginaw, just north of Fort Worth.  The phase will add 36 independent living cottages to the property. In partnership with Journey Capital’s affiliate operating arm led by Shawn Corzine of SilverPoint Senior Living, Journey unveiled Phase I of the Edition of Saginaw Senior Living community in January 2022, featuring 22 independent living cottages. Phase II is currently under construction will add a 71-bed assisted living and memory care facility …

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Active AdultDevelopmentNewsTexas

Caldwell Communities Opens Cadence Creek at Towne Lake in Cypress, Texas

by Jeff Shaw

CYPRESS, Texas — Caldwell Communities has opened Cadence Creek at Towne Lake, an active adult community in Cypress, a suburb of Houston. The community features one- and two-bedroom apartments and cottages ranging from 760 to 1,230 square feet. The number of units was not disclosed. Caldwell opened its first community in nearby Spring at the end of 2022.

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Company NewsNewsSkilled NursingTexas

Regency Transitions 63-Property Skilled Nursing Portfolio to Nonprofit Structure Under Wellsential Health Banner

by Jeff Shaw

VICTORIA, Texas — Regency Integrated Health Services has rebranded its Texas-based portfolio of 63 skilled nursing facilities as Wellsential Health properties. The properties are all being transitioned to a nonprofit model as part of the change. Wellsential Health has more than 7,000 team members and 6,000 patients and residents. The organization claims it is now the largest family of nonprofit skilled nursing facilities in Texas.

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DevelopmentNewsTexas

Tradition Senior Living Completes 297-Unit Project in Fort Worth, Texas

by Jeff Shaw

FORT WORTH, Texas — Developer and operator Tradition Senior Living has completed construction on a 297-unit project within the 270-acre Clearfork mixed-use development in Fort Worth.  The Tradition-Clearfork offers 214 independent living residences and 95 assisted living and memory care units. Residences come in one- and two-bedroom formats and range in size from 880 to 2,200 square feet.  Jackson & Ryan Architects designed the project, and Rogers-O’Brien Construction served as general contractor.

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Active AdultFinanceNewsTexas

Lument Provides $13.4M Fannie Mae Refinancing for The Fordham at Eagle Springs in Humble, Texas

by Jeff Shaw

HUMBLE, Texas — Lument has provided a $13.4 million Fannie Mae loan to refinance The Fordham at Eagle Springs, an active adult community in Humble, a northern suburb of Houston.  Tom Dixon, a director in affordable housing production based in Charlotte, North Carolina, led the transaction for Lument. The Fannie Mae loan has a 10-year term, four years of interest-only payments, 30-year amortization and a fixed interest rate. The Fordham at Eagle Springs was built in 2020 and consists of six buildings housing 137 units. The property is located within …

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CCRCDevelopmentIndependent LivingNewsTexas

Morningside Ministries Plans 86-Unit Expansion for Morningside at Menger Springs in Boerne, Texas

by Jeff Shaw

BOERNE, Texas — Morningside Ministries has unveiled plans for an independent living expansion at Morningside at Menger Springs, a continuing care retirement community in Boerne, approximately 30 miles northwest of San Antonio. The project features 86 new independent living terrace homes, an amphitheater, dining venue, fitness center, pickleball court and covered pool. The plan features four two-story residential buildings with one and two-bedroom floor plans ranging from 946 to 1,751 square feet. The expansion will incorporate an additional eight acres adjacent to the community’s 34-acre property near Menger Creek.  Construction …

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NewsPeopleTexas

Buckner Names Jake Bell Executive Director of Ventana by Buckner in Dallas

by Jeff Shaw

DALLAS — Buckner Retirement Services has hired Jake Bell as the new executive director for Ventana by Buckner in Dallas.  As executive director of the faith-based senior living community, Bell will oversee community operations, regulatory compliance, and resident and associate relations. Bell most recently served as president and CEO of Christian Horizons, a senior living provider in the Midwest. He has 20 years of experience within a variety of nonprofit, faith based organizations.  Bell has a bachelor’s degree from Southeastern Oklahoma State University and a master’s degree in administration and …

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NewsPeopleTexas

Buckner Names Samantha McCain as Executive Director of Calder Woods in Beaumont, Texas

by Jeff Shaw

BEAUMONT, Texas — Buckner Retirement Services has named Samantha McCain as the new executive director for Calder Woods in Beaumont.  As executive director of the faith-based senior living community, McCain will oversee community operations, regulatory compliance, and resident and associate relations. Most recently, McCain served as Calder Woods’ interim executive director and interim healthcare administrator. McCain has extensive senior living experience spanning more than 20 years. She has previously been employed by Colonial Healthcare, Trinity Healthcare, Community Care Center of Hondo, Bandera Nursing and Rehab SCC, Archer Healthcare Providers and …

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