Friday, January 31, 2025
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Operations

Assisted LivingNewsNorth CarolinaOperations

SLIB Arranges New Tenant for Five Communities in North Carolina

by Jeff Shaw

NEW BERN, SHELBY, GOLDSBORO, GREENVILLE and ROCKY MOUNTAIN, N.C. — Senior Living Investment Brokerage (SLIB) has arranged the re-tenanting of five seniors housing communities in North Carolina totaling 210 units of assisted living. The properties are located in New Bern, Shelby, Goldsboro, Greenville and Rocky Mountain. The landlord is a seniors housing and healthcare REIT.  The new tenant is a North Carolina-based operator with a large presence in the state. Bradley Clousing, Daniel Geraghty and Patrick Burke of SLIB handled the transaction.

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ArkansasMemory CareNewsOperationsTennessee

Anthem Memory Care Assumes Management of Two Communities in Arkansas, Tennessee

by Jeff Shaw

FAYETTEVILLE, Ark., and KNOXVILLE, Tenn. — Anthem Memory Care has assumed management of two communities — Clear Creek in Fayetteville and Concord Place in Knoxville.  The new properties bring Anthem’s portfolio up to 19 properties and marks the Oregon-based operator’s entry into Tennessee.

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ColoradoNewsOperations

SLIB Negotiates Lease Renewal for 328-Unit Portfolio in Colorado

by Jeff Shaw

FORT COLLINS, GREELEY, LONGMONT, LOVELAND and ARVADA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged a lease renewal for six seniors housing properties in Colorado totaling 328 units. The assets are located in Fort Collins, Greeley, Longmont, Loveland and Arvada. The landlord is a seniors housing and healthcare real estate investment trust (REIT). After analyzing potential tenant options presented by SLIB, the seller decided it did not make sense to disrupt the operations and replace the existing tenant. Bradley Clousing, Daniel Geraghty, Jason Punzel and Vince Viverito of SLIB …

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NevadaNewsOperationsSkilled NursingTennessee

Ensign Group Takes on Operations of Two Skilled Nursing Facilities in Nevada, Tennessee

by Jeff Shaw

SPARKS, Nev., and HARROGATE, Tenn. — The Ensign Group Inc. (Nasdaq: ENSG) has acquired the operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, and TriState Health and Rehabilitation Center, a 116-bed skilled nursing facility located in Harrogate. Ensign will operate both properties under an long-term, triple-net lease. These acquisitions bring Ensign’s growing portfolio to 299 healthcare operations, 27 of which also include senior living operations, across 14 states. Ensign subsidiaries, including Standard Bearer, own 113 real estate assets.

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IllinoisMissouriNewsOperationsSkilled Nursing

ESI Arranges Lease Transaction for a Midwest Skilled Nursing Portfolio

by Jeff Shaw

ILLINOIS and MISSOURI — Evans Senior Investments (ESI) has secured a tenant and executed a 10-year lease agreement for a large skilled nursing and supportive living portfolio spanning across Illinois and Missouri.  The portfolio comprises 13 communities located totaling over 1,600 licensed beds. The lease consisted of a ten-year term with a purchase option.  Evans Senior Investments selected a regional Midwest group as the tenant. Neither the tenant nor landlord were disclosed.

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AcquisitionsDevelopmentInvestmentOperationsPeopleVideosWebinars

Webinar: What Will 2024 Hold for Seniors Housing Investment & Acquisition Activity?

by Sarah Daniels

    The Dec. 7 webinar “What Will 2024 Hold for Seniors Housing Investment & Acquisition Activity?” covered where the industry stands now and how experts are preparing to succeed in 2024. Webinar panelists listed factors like interest rates, wages, insurance costs, inflation, margin compression, resident move-ins and bank short sales as market indicators for the health of seniors housing. Learn their outlook and forecasts for what the industry may face in the new year. The speakers covered transaction activity, cap rate trends, capital availability and pricing, as well as the …

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ColoradoMemory CareNewsOperationsPeople

Anthem Appoints Iva Prinsen as Executive Director for Chelsea Place in Aurora, Colorado

by Jeff Shaw

AURORA, Colo. — Anthem Memory Care has named Iva Prinsen as executive director for Chelsea Place in Aurora. In this capacity, she will oversee all daily care, programming and operations. Prinsen previously was executive director for Springbrooke Senior Living in Denver. She also served as the licensed nursing home administrator for Azria Health in Blue Hill, Nebraska. Prinsen brings over 35 years of senior living experience to this position. She earned a bachelor’s degree from Stevens-Henager College in Salt Lake City.

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IllinoisNewsOperationsPeople

Lifespace Communities Names Elijah Heyboer as Executive Director at GreenFields of Geneva 

by Jeff Shaw

GENEVA, Ill. — Lifespace Communities has promoted Elijah Heyboer to executive director at GreenFields of Geneva, a senior living community in Geneva, approximately 40 miles west of Chicago.  Heyboer originally joined Lifespace as administrator of the GreenFields’ health center in March before becoming interim executive director in September.  Prior to joining Lifespace, Heyboer served as human resources director at Park Place of Elmhurst, a Providence Life Services senior living community, before becoming healthcare administrator, where he oversaw subacute rehab, long-term care, assisted living and memory care.  Heyboer earned a bachelor’s …

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DevelopmentIndustry VoicesOperations

Opening a Community Takes More Than Meets the Eye

by Jeff Shaw

Make sure the operator and general contractor work together as residents move in. By Chad Suitonu You, as the owner/developer of a brand new senior living community, just finished the grueling construction effort. Now it’s time to hand the building over to your senior living operator and sit back and make some rent money.  But wait a second — your job as owner is not over yet. You’ll be involved with the project for months to come as the operator (specifically the executive director and facility manager) take over the …

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