Seniors Housing

LCS Completes $154.5M Phase II Expansion of Seniors Housing Community Near Seattle

ISSAQUAH, WASH. — Life Care Services has completed the $154.5 million Phase II expansion of Timber Ridge at Talus, a continuing care retirement community in the Seattle Suburb of Issaquah. The project expanded the health center, which offers skilled nursing and rehabilitation services, and added 145 independent living units, an indoor swimming pool and 190-seat auditorium. The property now offers 329 total independent living units. The community is built on 10 acres within Talus, a..

April 27, 2017

Welbrook Nears Completion of 50-Bed Skilled Nursing Facility in New Mexico

LAS CRUCES, N.M. — Welbrook Senior Living expects to complete construction of 50-bed skilled nursing facility in Las Cruces, just north of El Paso, Texas, by the end of June. The property, which has not yet been named, will largely focus on short-stay rehabilitation. Partners on the funding, design and construction of the property include National Healthcare Development Inc., Northstar Commercial Partners, Lantz-Boggio Architects and Catamount Constructors. California-based Welbrook..

April 27, 2017

Emerald Communities to Add 42 Units to CCRC in Seattle Suburbs

REDMOND, WASH. — Emerald Communities, a nonprofit seniors housing operator, has announced plans to add a new neighborhood named The Courtyard to its Emerald Heights continuing care retirement community in the Seattle suburb of Redmond. The Courtyard will feature a three-level, 69,998-square-foot building atop a 34,107-square-foot parking structure. It will add 42 new units to the community, surrounding a pedestrian plaza that connects to the property’s existing nature..

April 26, 2017

Integral Senior Living to Manage Memory Care Community in Santa Barbara

SANTA BARBARA, CALIF. — Integral Senior Living (ISL), a seniors housing operator, has been chosen to manage The Oak Cottage of Santa Barbara, a memory care community in Santa Barbara. This will be the California-based operator’s first community in Santa Barbara.

April 26, 2017

Care Investment Trust, Phoenix to Purchase Memory Care Community in Metro Atlanta

FAYETTEVILLE, GA. — Care Investment Trust LLC has partnered with affiliates of Phoenix Senior Living to purchase Hope Center Memory Care, a 64-unit seniors housing property in Fayetteville, about 22 miles south of Atlanta. Built in 2013, Hope Center provides care and activities for its residents, all of which need specialized memory care. Phoenix Senior Living plans to enhance the living experience of current and future residents through improved programming. The joint venture has hired a..

April 21, 2017

Dominion Partners to Open Two Somerby Seniors Housing Communities in the Southeast

SANDY SPRINGS, GA. AND FRANKLIN, TENN. — On the heels of opening seniors housing community Somerby Sandy Springs in the Atlanta suburb of Sandy Springs, Dominion Partners also plans to open Somerby Franklin in the Nashville suburb of Franklin within the next two months. Somerby Sandy Springs includes 128 independent living units, 48 assisted living units and 24 memory care units on a six-acre plot. Details were not released on the Franklin property. Based in Birmingham, Ala., Dominion..

April 20, 2017

KeyBank Arranges $15.4M Financing for Skilled Nursing Facility in Harlingen, Texas

HARLINGEN, TEXAS — KeyBank Real Estate Capital has arranged $15.4 million in first mortgage financing for Regency-Windsor Atrium View, a skilled nursing facility in the south Texas city of Harlingen. Located at 1814 Atrium Place Drive, the facility, which was built in 2012, offers 120 beds. John Randolph of KeyBank arranged the loan, which has a 35-year amortization schedule, to refinance existing debt on the property.

April 18, 2017

Catholic Eldercare to Develop 65-Unit Seniors Housing Property in Minneapolis

MINNEAPOLIS — Catholic Eldercare has unveiled plans to develop a 65-unit seniors housing property in Minneapolis. Construction will begin this August with occupancy slated for summer 2018. In addition to one- and two-bedroom units, the community will feature food and concierge services. Apartment sizes will range from 800 to1,300 square feet. Catholic Eldercare has owned the land site, located at 2nd Street and Broadway Avenue, since 1994. Miller Hansen Partners is designing the new..

April 18, 2017

Ryan Cos. Buys 11 Acres Near Nashville for $48.5M Seniors Housing Community

HENDERSONVILLE, TENN. — Ryan Cos. US Inc. has acquired an 11-acre land parcel in the Nashville suburb of Hendersonville. The buyer will use the property to build Clarendale at Indian Lake, a $48.5 million, 189-unit independent living, assisted living and memory care community. Project partners include LCS and Harrison Street Real Estate Capital. It will be the fourth Clarendale-branded community. The developers plan to start construction this spring for completion in fall 2018. Life Care..

April 17, 2017

Marcus & Millichap Brokers Sale of 87-Unit Seniors Housing Facility in Allen

ALLEN, TEXAS — Marcus & Millichap has brokered the sale of Texas Star Assisted Living, an 87-unit, 95-bed assisted living and memory care community located at 650 S. Greenville Ave. in Allen. Doug O’Toole of Marcus & Millichap represented the buyer, a national owner/operator of seniors housing properties, in the transaction. Nathan Tune of Coldwell Banker represented the seller, a Texas-based developer.

April 17, 2017