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.
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.
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.
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 …
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 …
HOUSTON — Sagora Senior Living has rebranded its Elison Willowbrook independent living community in Houston as Elison Park. The community is located within the Willowbrook Plaza area of the city. The property offers one- and two-bedroom options ranging from 616 to 924 square feet.
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 …
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 …
CHICAGO — Ventas (NYSE: VTR), a Chicago-based REIT, has named three new operators for a portfolio of independent living communities in Texas, Florida and California. Sodalis Senior Living will take over management of 13 communities in Texas, while Priority Life Care will operate eight properties in Florida and Discovery Senior Living will operate five in California. Ventas “is expanding its successful existing relationships with the three managers to increase occupancy and performance in these communities,” the company said in a press release. The communities will be operated under management contracts. …
AUSTIN and DALLAS, Texas — Newmark has hired Chris McColpin and Andrew Porteous as senior managing directors specializing in debt, equity and structured finance services within the firm’s capital markets practice. Based in Austin and Dallas, respectively, McColpin and Porteous will join director Josh Francis to lead the commercial debt efforts in Texas while working closely with Newmark’s industrial, office and multifamily capital markets professionals. They will report to Ran Holman, executive vice president and Texas market leader. Prior to joining Newmark, McColpin served as a managing director of JLL …
