Avenir Opens 88-Unit Memory Care Community in Los Angeles

LOS ANGELES — Avenir Senior Living has opened Avenir Memory Care Westside, a seniors housing community in Los Angeles’ Westchester neighborhood. The community features 88 memory care units using a specialized program that aligns residents who have similar cognitive abilities.“We call this the cognitive lifestyle,” says Jason Gurash, vice president of sales and marketing for Avenir Senior Living. “Taking it a step further, every neighborhood is intentionally designed to look …

December 6, 2021California, Development, Multifamily, Seniors Housing, Western

Ziegler Arranges $39.4M Bond Financing for Pennsylvania Seniors Housing Operator

BALA CYNWYD, PA. — Ziegler has arranged $39.4 million in bond financing for Simpson, a nonprofit operator based in Bala Cynwyd, a suburb of Philadelphia. Formerly known as Methodist Episcopal Home for the Aged, the borrower operates three continuing care retirement communities in the region: Simpson House in Philadelphia, Simpson Meadows in Downington and Jenner’s Pond in West Grove. The portfolio totals 482 independent living units, 56 personal care units, 118 assisted living units and 178 …

December 2, 2021Loans, Multifamily, Northeast, Pennsylvania, Seniors Housing

Touchmark to Develop 81-Acre Seniors Housing Facility in McKinney, Texas

MCKINNEY, TEXAS — Touchmark, an Oregon-based seniors housing owner-operator, will develop an 81-acre project in the northern Dallas suburb of McKinney. Designed by architectural firm three, Touchmark at Emerald Lake will be built in two phases. The first phase will consist of 149 independent living apartment homes, six casitas (duplex residences), 84 assisted living units and 32 memory care residences. Project partners include Andres Construction (general contractor), StudioSix5 (interior …

November 30, 2021Development, Multifamily, Seniors Housing, Texas

SLIB Negotiates Sale of 65-Unit Seniors Housing Property in Gardnerville, Nevada

GARDNERVILLE, NEV. — Senior Living Investment Brokerage has arranged the sale of Carson Valley, a 65-unit seniors housing community in Gardnerville, approximately 50 miles south of Reno.The facility was built in 1997 and totals 40,610 square feet on 2.5 acres of land. After a slight occupancy decrease in 2020, Carson Valley increased occupancy to over 90 percent.The seller was a regional owner-operator and will continue to operate the community. The buyer is a private equity group …

November 30, 2021Acquisitions, Multifamily, Nevada, Seniors Housing, Western

Acts Breaks Ground on $59M Expansion at Matthews Glen Seniors Housing Community in North Carolina

MATTHEWS, N.C. — Acts Retirement-Life Communities has broken ground on a $59 million expansion at Matthews Glen, a 124-acre continuing care retirement community in Matthews. The project will add 72 independent living apartments and 16 villas to its campus. Construction is also underway to add additional assisted living residences.The first phase of the Matthews Glen expansion includes a $35 million WillowBrooke Court skilled care center addition that increased capacity to 90 private beds. …

November 22, 2021Development, Multifamily, North Carolina, Seniors Housing, Southeast

IntegraCare Breaks Ground on 130-Unit Seniors Housing Community in York, Pennsylvania

YORK, PA. — IntegraCare Corp. has broken ground on a 130-unit seniors housing community in York, approximately 90 miles west of Philadelphia. The 124,000-square-foot community, which has yet to be branded, will feature 68 independent living units, 42 assisted living residences and 20 memory care units. Warfel Construction is the general contractor for the project, which IntegraCare is developing in partnership with Avenue Development. The community is scheduled to open in early

November 22, 2021Development, Multifamily, Northeast, Pennsylvania, Seniors Housing

Monarch Begins Construction on 165-Unit Seniors Housing Community in Weymouth, Massachusetts

WEYMOUTH, MASS. — Monarch Communities has begun construction of Monarch Senior Residence, a 165-unit seniors housing community located in the South Shore city of Weymouth. The community will feature 91 independent living units, 48 assisted living residences and 26 memory care apartments. PROCON, an architectural and construction management firm based in Hooksett, New Hampshire, is the design-build contractor partner for the project. The opening is currently scheduled for summer

November 19, 2021Development, Massachusetts, Multifamily, Northeast, Seniors Housing

Buchanan Street Partners Sells Incline at Anthem Active Adult Community in Herriman, Utah

HERRIMAN, UTAH — Buchanan Street Partners has completed the disposition of Incline at Anthem, a 55-plus multifamily property in Herriman. Ridan acquired the community for an undisclosed price.Completed in 2018 on eight acres, Incline at Anthem features 298 apartments with open-concept living areas, vaulted ceilings, wood-style flooring, plush carpeting and washers/dryers. Community amenities include a pool and spa; a yoga, cycle and Cross Fit studio; a lounge with billiards and …

November 19, 2021Acquisitions, Multifamily, Seniors Housing, Utah, Western

JLL Capital Markets Arranges $15M Refinancing for Monarch Cottages Memory Care in La Jolla, California

LA JOLLA, CALIF. — JLL Capital Markets has arranged a $15 million refinancing for Monarch Cottages, a 26-unit, 52-bed, two-story, Class A memory care community in the San Diego suburb of La Jolla.JLL represented the borrower, Monarch Senior Living, in arranging the loan.Remodeled in 2016, Monarch Cottages comprises five companion studio and 21 private studio units averaging 370 square feet.Within a three-mile radius, the 75-plus population is over 6,500 and is expected to grow by …

November 16, 2021California, Loans, Multifamily, Seniors Housing, Western

Sundt Completes 70-Unit Seniors Housing Community in Fairfield, California

FAIRFIELD, CALIF. — Sundt Construction Inc. has completed construction of The Ridge at Paradise Valley Estates, an eight-acre life plan community in the Bay Area city of Fairfield.The Ridge features a mix of 70 cottages and villas. The private cottages have two bedrooms and attached garages, and the villas feature either one bedroom or two bedrooms with under-building parking.In addition to the amenities of the larger Paradise Valley Estates 76-acre community, residents can access The …

November 16, 2021California, Development, Multifamily, Seniors Housing, Western

Avenir Opens 88-Unit Memory Care Community in Los Angeles

Ziegler Arranges $39.4M Bond Financing for Pennsylvania Seniors Housing Operator

Touchmark to Develop 81-Acre Seniors Housing Facility in McKinney, Texas

SLIB Negotiates Sale of 65-Unit Seniors Housing Property in Gardnerville, Nevada

Acts Breaks Ground on $59M Expansion at Matthews Glen Seniors Housing Community in North Carolina

IntegraCare Breaks Ground on 130-Unit Seniors Housing Community in York, Pennsylvania

Monarch Begins Construction on 165-Unit Seniors Housing Community in Weymouth, Massachusetts

Buchanan Street Partners Sells Incline at Anthem Active Adult Community in Herriman, Utah

JLL Capital Markets Arranges $15M Refinancing for Monarch Cottages Memory Care in La Jolla, California

Sundt Completes 70-Unit Seniors Housing Community in Fairfield, California

Recent Features

Six Factors Helping to Power Interest in Multifamily Markets

Rapid Rent Growth Spurs Wave of Multifamily Investment Sales, Says InterFace Panel

Outside the [Big] Box Tips for Filling Empty Retail Space

Travel, Employment, Supply Chain Issues All Impact Hotel Sector, Says CBRE Report

2022 Outlook: Residential to Remain Strong, COVID-Impacted Asset Classes to Bounce Back

Recent Coronavirus News

Read the Digital Editions