WASHINGTON, D.C. — Maplewood Senior Living and Omega Healthcare Investors Inc. have opened Inspīr Embassy Row, a 174-unit luxury senior living community in the Fairfax at Embassy Row building in Washington, D.C. Located with proximity to the Dupont Circle Metro, the community features apartments in studio, one- and two-bedroom layouts. Architect Beyer Blinder Belle led the project, an adaptive reuse renovation. “Inspīr Embassy Row showcases our commitment to raising the bar in senior living,” says Shane Herlet, co-CEO of Maplewood Senior Living and Inspīr Senior Living. “By combining cutting-edge technology, personalized …
WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has announced its 2025 Senior Living Hall of Fame inductees. Rev. Laverne Joseph and Beth Burnham Mace will be inducted this month at ASHA’s annual meeting Jan. 27-29 in Phoenix, joining a roster of 27 previous honorees. The individuals were selected by the Senior Living Hall of Fame selection committee, which is chaired by Larry Cohen of Trustwell Living. Other members include Lois Bowers (McKnight’s Senior Living), Steve Monroe (The SeniorCare Investor), Tim Regan (Senior Housing News) and Matt Valley (Seniors Housing Business). …
WASHINGTON, D.C. — The U.S. Senate has passed a bipartisan bill that includes provisions for more long-term care options, including assisted living, for military veterans. Senators Jon Tester (D-Montana), Jerry Moran (R-Kansas), Elissa Slotkin (D-Michigan) and Bryan Steil (R-Wisconsin) led support of the legislation known as H.R. 8371, the Senator Elizabeth Dole 21st Century Veterans Healthcare and Benefits Act. In addition to other proposals to enhance the delivery of services by the Department of Veterans Affairs (VA), the bill features the Expanding Veteran’s Options for Long Term Care Act, which includes …
MALVERN, Pa., and KENSINGTON, Md. — Mesa West Capital has provided AEW Capital Management LP with $114.6 million in first-mortgage debt across two loans to refinance the seniors housing communities of Echo Lake in Malvern and Modena Reserve at Kensington in Kensington. Terms of the loans were not disclosed. AEW delivered the 250-unit Echo Lake to the market in 2020 alongside joint venture partner Sage Senior Living Inc., which operates the community. Located about 27 miles northwest of Philadelphia in Malvern, Echo Lake offers a mix of independent and assisted …
WASHINGTON, D.C. — Jon Fletcher of Senior Housing Partners, the development arm of Roseville, Minnesota-based Presbyterian Homes & Services, offers this advice to developers undertaking a middle-market project: set aside your ego, focus on what the residents need, and avoid the temptation to provide a variety of “fringe luxury amenities.” Not every community needs two to four restaurants, for example. “The reality is that it’s just not going to work in a middle-market space. Residents obviously still need to be treated with respect and have an amazing life enrichment experience, …
WASHINGTON, D.C. — A key performance metric helps explain why the active adult segment of seniors housing remains an investment darling. Among the nearly 800 properties and more than 116,000 units tracked nationally by NIC MAP Vision, the occupancy rate is 93 percent. By comparison, the occupancy rate for seniors housing properties (independent and assisted living) is in the high 80s. What makes that 93 percent occupancy even more significant is that it includes active adult properties that either recently opened or are in lease-up mode. “If you look at properties that …
WASHINGTON, D.C. — Kisco Senior Living has named Alphonso Westley II as the general manager of The Fitzgerald of Palisades, a Kisco Signature community set to open in early 2025 in Washington, D.C. Further details were not disclosed.
WASHINGTON, D.C. — Enterprise Community Development Inc. has received an undisclosed amount of financing for development of Edgewood Commons V, a 151-unit affordable seniors housing community in Northeast Washington, D.C. The development is part of the larger Edgewood Commons development, which will feature nearly 800 affordable housing units. Edgewood Commons V will feature 11 studios, 135 one-bedroom and five two-bedroom apartments. Of those, 96 apartments will be available for residents earning up to 30 percent of the area median income (AMI), 54 apartments will be available for residents earning up …
WASHINGTON, D.C. — Maplewood Senior Living and Omega Healthcare Investors Inc. (NYSE: OHI) have unveiled plans to expand the Inspīr brand to the Washington D.C. market with the acquisition of The Fairfax Embassy Row. The historic hotel will be transformed and re-envisioned into Inspīr Embassy Row, an ultra-luxury senior living community. Inspῑr Embassy Row will be the second location under Maplewood’s Inspīr brand, and the first Washington D.C. property in the company’s portfolio. “We have taken careful consideration to identify locations where we can truly offer exceptional resident experiences that …
WASHINGTON, D.C. — The Department of Housing and Community Development (DHCD) has provided financing from local and federal resources to develop 54 affordable housing units in Ward 4 at the Abrams Hall Senior Apartments in Washington, D.C. Abrams Hall Senior LP, a joint venture between Urban Atlantic and nonprofit organization Housing Up, received $2.4 million from the District’s Housing Production Trust Fund (HPTF) to develop the assisted living facility. The project also received a $1.1 million allocation of 9 percent Low-Income Housing Tax Credits (LIHTC) from DHCD. The project will …
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