SOUTHEAST MICHIGAN — VIUM has provided $58 million in bridge-to-HUD financing for a six-building portfolio in Southeast Michigan. The borrower, a regional owner-operator based in New Jersey, used the funds to purchase the portfolio, which features nearly 700 skilled nursing beds and more than 50 assisted living units. Further details on the seller, buyer and location were not disclosed. VIUM provided financing via senior debt and mezzanine tranches.
SANTA ANA, Calif. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on a $30 million term loan and a $35 million revolving line of credit for a portfolio of skilled nursing facilities operated by Life Generations Healthcare LLC. Headquartered in Santa Ana, Life Generations operates 28 communities in California and Nevada with over 3,100 licensed beds. Further details on the financing were not disclosed.
CHICAGO — Evans Senior Investments (ESI) has arranged the sale of Holy Family Villa and Bishop Lyne Residence, a nonprofit, 129-bed skilled nursing community with an 18-unit independent living component in Chicago. Built in 2002 with a 2012 rehabilitation unit addition, the community features 35 private resident rooms. Despite the contemporary design, the community was not profitable at the time of marketing, with census averaging 73 percent, resulting in a net operating loss. Prior to the COVID-19 pandemic, the community averaged 87 percent occupancy with 49 private-pay residents and 28 …
FAIRMONT, Minn. — Lakeview Methodist Health Care Services has completed construction of a $24 million skilled nursing community in Fairmont, located in the southern part of the state near the Iowa border. The 72-bed, 80,000-square-foot building was created as a “neighborhood concept,” which encourages companionship and sociability among residents. Kraus-Anderson Construction was the builder and Wold Architects and Engineers was the designer.
Active AdultAffordable HousingAssisted LivingIndependent LivingIndustry ContentMemory CareOperationsPeopleSkilled NursingTechnologyVideosWebinars
Webinar: Rethinking Seniors Housing Resident Engagement — Technology that Improves Staff Efficiencies while Enhancing the Resident Experience
The Nov. 3 Seniors Housing Business webinar “Rethinking Seniors Housing Resident Engagement — Technology that Improves Staff Efficiencies while Enhancing the Resident Experience” focused on the best ways to improve resident engagement, streamline care and support staff. Panelists discussed Platforms across the continuum of care Resident engagement solutions for streamlining technology, training and staff time The future of remote engagement: video chats, digital signage, health and fitness and beyond Changes in care created by the COVID pandemic: lessons learned, paths forward, maximizing technology, the role of staff and resource shortages Innovative care ideas in telehealth, remote monitoring, …
Active AdultAssisted LivingIndependent LivingIndustry ContentLegal IssuesMemory CareOperationsPeopleSkilled NursingVideosWebinars
Webinar: COVID Strategies for Seniors Housing Operators — Managing Risk
In the Oct. 26 Seniors Housing Business webinar entitled “COVID Strategies for Seniors Housing Operators — Managing Risk for Residents, Staff and Service Providers,” the topic of discussion was how best to keep residents and staff safe from COVID-19. Panelists shared differing approaches to this difficult problem, as well as their decision-making processes for setting vaccination requirements within their communities, employee incentives, communication strategies and how to implement these best practices in the midst of staffing shortages. Listen to hear how these decisions impact seniors housing operations, human resources and marketing approaches, …
TACOMA, Wash. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Alaska Gardens Health and Rehabilitation Center, a 123-bed skilled nursing facility in Tacoma. LTC Properties Inc., a publicly traded healthcare REIT based out of Westlake Village, California, sold the asset for an undisclosed price. The buyer was a private owner-operator.
HENRIETTA, OLNEY and NOCONA, Texas — Senior Living Investment Brokerage has arranged the sale of three skilled nursing facilities located in Henrietta, Olney and Nocona. The portfolio totals 250 beds. The assets total 14,500 square feet on 0.77 acres, 20,000 square feet on 2.07 acres and 23,000 square feet on 3.03 acres, respectively. The properties are within approximately 90 miles of each other and located northwest of Dallas near the Oklahoma border. An independent owner-operator exiting the industry sold the facilities for $7.8 million. The buyer was an out-of-state owner-operator …
EDGERTON, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Park View Nursing Center, a 92-bed skilled nursing facility in the Northwest Ohio town of Edgerton. The property opened in 1968 and was part of a larger portfolio of communities sold in 2020. The operator and REIT landlord elected to spin off Park View as a geographic outlier to the rest of that portfolio. A Kentucky-based operator seeking to grow through ownership purchased the facility for an undisclosed price.
Active AdultAssisted LivingCCRCIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnologyVideosWebinars
Webinar: Seniors Housing — Lead Generation Lessons from Active Adult Communities
What can traditional seniors housing operators learn from successes in the active adult community segment, especially when it comes to generating interest and inquiries? How can active adult communities improve their own marketings strategies? These were the questions that Seniors Housing Business‘ latest webinar “Seniors Housing — Lead Generation Lessons from Active Adult Communities” sought to answer on Oct. 6. This webinar, sponsored by LeadingResponse, covered the following topics and more when it comes to best practices for marketing in the senior living space: Julie Podewitz, Vitality Living, explains …