Texas

Tabor-Village-Rendering
Affordable HousingDevelopmentNewsTexas

Onyx Legacy Group, Lincoln Avenue Communities to Develop 229-Unit Affordable Community in Dallas

by Hayden Spiess

DALLAS — Onyx Legacy Group and Lincoln Avenue Communities are underway on plans for the development of a new affordable seniors housing community in Dallas.  The Texas Bond Review Board has issued a $38 million bond reservation to the Dallas Housing Finance Corp. in support of the project, and the City of Dallas has issued an early release letter, which allows initial grading and site mobilization activities to begin.  Upon completion, the property will total 229 units, with 15 percent of residences reserved for seniors earning at or below 50 percent …

Continue Reading
0 FacebookTwitterLinkedinEmail
Trinity-East-Senior-Village-Rendering
Affordable HousingDevelopmentNewsTexas

NHP Foundation, Partners to Develop 90-Unit Affordable Housing Community in Houston

by Hayden Spiess

HOUSTON — The NHP Foundation (NHPF), an affordable housing developer, with Trinity East Village Community Development Corp. (TECDC) and Housing Alliance HTX, will develop a new affordable seniors housing community in Houston.  Dubbed Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the Third Ward neighborhood of Houston. Of the 90 residences, 60 will serve as replacement housing for residents of the Housing Alliance HTX’s Cuney Homes community, which is currently undergoing redevelopment.  Trinity East Senior Village will serve extremely low- and low-income …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsPeopleTexas

Sonida Senior Living Appoints Chief Operating Officer

by Hayden Spiess

DALLAS — Sonida Senior Living has appointed Anton Nikodemus to the newly created role of chief operating officer.  Nikodemus previously worked at Seaport Entertainment Group as president, CEO and chairman of the board. Prior to that, he spent 18 years at MGM Resorts International.  “Anton’s appointment reflects Sonida’s conviction that operational excellence and exceptional resident care are the core pillars of operational success,” says Brandon Ribar, president and CEO of Sonida. Dallas-based Sonida’s portfolio includes 153 owned seniors housing communities and 12 communities managed on a third-party basis. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Tradition-Clearfork_Fort-Worth-Texas
Company NewsFinanceNewsTexas

Tradition Senior Living Forms Joint Venture, Recapitalizes Texas Portfolio

by Hayden Spiess

DALLAS — Tradition Senior Living has recapitalized a portfolio of communities located in Texas through the formation of a joint venture with Kayne Anderson Real Estate.  Moving forward, the portfolio, which comprises five communities, will be owned by the newly formed joint venture. TSL will continue to serve as the operator and manager of the properties.  Chad Lavender, Ryan Maconachy, Sarah Anderson, Mills Poynor and Ben McElroy of Newmark arranged the joint venture and secured financing on behalf of the joint venture. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Grand Living Tuscan Lakes
AcquisitionsNewsTexas

Berkadia Brokers Sale of 186-Unit Community Near Houston

by Hayden Spiess

LEAGUE CITY, Texas — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a senior living community located in League City, roughly 30 miles southeast of downtown Houston.  Town Land and Arcole Partners acquired the property. Bow River Capital and Ryan Cos. sold the community for an undisclosed price.  Opened in 2023, the property totals 186 units, with independent living, assisted living and memory care residences. Amenities at the community include a 150-seat theater, spa, fitness center, library and lounge and swimming pool.  Ross Sanders, Dave Fasano, Cody Tremper …

Continue Reading
0 FacebookTwitterLinkedinEmail
Blake-College-Station_College-Station-Texas
Assisted LivingDevelopmentMemory CareNewsTexas

LifeCare Development Underway on 100,567 SF Development in Texas

by Hayden Spiess

COLLEGE STATION, Texas — LifeCare Development is currently underway on the construction of a new senior living community in College Station.  Upon completion, The Blake at College Station will total 100,576 square feet and feature 117 units. Residences will include 73 assisted living units and 44 memory care units.  Blake Management Group will operate the property. Completion is scheduled for 2028. 

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceNewsTexas

Nuveen Provides $38.6M in C-PACE Financing for Development in Central Texas 

by Hayden Spiess

HORSESHOE BAY, Texas — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. Falcon Senior Housing is the borrower.  Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion. The property will feature 180 independent living, assisted living and memory care units.  Financing for the project also includes EB-5 immigration investment funds.  “Nuveen Green Capital and Texas PACE Authority allowed us to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsPeopleTexas

Lifespace Appoints New Chief Operating Officer 

by Hayden Spiess

DALLAS — Nonprofit senior living owner and operator Lifespace Communities has appointed Andy Kazmierczak to the role of chief operating officer.  Kazmierczak assumed the role May 1, following the departure of Brian Robbins.  “Andy is a culture champion who brings strong operational leadership, deep knowledge of our communities and a consistent track record of execution,” says Jesse Jantzen, president and CEO of Lifespace. “He has played a key role in advancing several of our most important enterprise initiatives and is well-positioned to build on our momentum and drive consistency in performance.”  …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sodalis-Longview_Sodalis-Texas
NewsOperationsTexas

Sodalis Assumes Management of Community in East Texas

by Hayden Spiess

LONGVIEW, Texas — Operator Sodalis Living has assumed management of a seniors housing community located in Longview, roughly 45 miles west of the Louisiana border.  This marks the 25th community in the Sodalis portfolio, which spans three states. Launched in 1996, Sodalis also operates communities in Florida and Georgia.  The property features assisted living and memory care residences. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Alders-Magnolia_Magnolia-Texas
AcquisitionsActive AdultNewsTexas

Berkadia Brokers Sale of 184-Unit Active Adult Community in Texas

by Hayden Spiess

MAGNOLIA, Texas — Berkadia has brokered the sale of Alders Magnolia, an active adult community located in Magnolia, roughly 40 miles northwest of Houston. Aspens Senior Living acquired the community from Capitol Seniors Housing for an undisclosed price.  Built in 2021, the property totals 184 units. Amenities at the community include a heated pool, spa, theater, fitness center, demonstration kitchen, coffee bar, private wine lockers, a putting green, bocce ball court and lounge.  Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia represented Capitol Seniors Housing in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts