Seniors Housing

Callahan Construction Managers Breaks Ground on 87-Unit Seniors Housing Project Near Boston

by Taylor Williams September 27, 2021

MARBLEHEAD, MASS. — Callahan Construction Managers has broken ground on The Mariner, a seniors housing project in Marblehead, located in the southern coastal part of the state, that will house 61 assisted living units and 26 memory care units. The Northbridge Cos., in partnership with Heather Cairns, Michael Lafayette and Philip Helmes, a local development team, is developing the building. EGA is serving as the project architect. The Mariner will feature a full-service restaurant, private dining, lounge, café, living rooms, beauty salon, health and wellness room, library and a movie theater. Completion is slated for February 2023.

September 27, 2021

Development Multifamily Seniors Housing Texas

Tradition Senior Living Starts Construction of 309-Unit The Tradition-Clearfork in Fort Worth

by Taylor Williams September 24, 2021

FORT WORTH, TEXAS — Developer and operator Tradition Senior Living has begun construction on a 309-unit facility within the 270-acre Clearfork mixed-use development in Fort Worth. The Tradition-Clearfork will offer independent living, memory care and assisted living services. The property’s 214 independent living residences and 95 acute and memory care units will be available in one- and two-bedroom formats and will range in size from 880 to 2,200 square feet. Residents will have access to 24-hour concierge and valet services, secure parking and transportation options. Common areas will include lounges, card rooms, a movie theater, fitness center, pool and other spaces for daily social activities and wellness programs. Completion is slated for summer 2023.

September 24, 2021

Acquisitions Arizona Multifamily Seniors Housing Western

Focus Healthcare Partners, LCS Acquire Seniors Housing Community in Fountain Hills, Arizona

by Amy Works September 24, 2021

FOUNTAIN HILLS, ARIZ. — Focus Healthcare Partners and Life Care Services (LCS) have acquired Fountain View Village, a senior living community in Fountain Hills, a suburb of Phoenix. LCS will operate the community following the acquisition. Fountain View Village consists of 90 independent living units, 68 assisted living units, 45 memory care units and 48 units within its dedicated health center.

September 24, 2021

Affordable Housing Development Loans Massachusetts Multifamily Northeast Seniors Housing

MassHousing Provides $23.5M in Financing for Metro Boston Affordable Seniors Housing Expansion

by Taylor Williams September 22, 2021

NEWTON, MASS. — MassHousing has provided $23.5 million in financing for the expansion of Golda Meir House in the western Boston suburb of Newton. The project will expand the existing 199-unit affordable seniors housing property, adding 68 new apartment homes that will be reserved for renters at various income levels that fall below the area median income. The capital stack includes $17 million in Low-Income Housing Tax Credit equity allocated by the Massachusetts Department of Housing & Community Development, as well as various other subsidies. The borrower and developer is 2Life Communities. Prellwitz Chilinski Associates is the project architect, and Colantonio Inc. is the general contractor. Construction is expected to be complete in spring 2023. Golda Meir House was originally built between 1978 and 1995 and was renovated in 2018.

September 22, 2021

Acquisitions Massachusetts Multifamily Northeast Seniors Housing

Blueprint Brokers Sale of Skilled Nursing, Assisted Living Community in Northbridge, Massachusetts

by Taylor Williams September 22, 2021

NORTHBRIDGE, MASS. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a seniors housing campus featuring 154 skilled nursing beds and 26 assisted living units in the Worcester suburb of Northbridge. The community, which was not named, was built in 1970 on 13 acres. It totals 93,000 square feet following expansions in 1995 and 2005. Owner-operator Salmon Health and Retirement sold the property as a non-core community in its portfolio. A Massachusetts-based investor acquired the asset for an undisclosed price.

September 22, 2021

Scalabrini-Villa-North-Kingston-Rhode-Island

Acquisitions Multifamily Northeast Rhode Island Seniors Housing

Tryko Partners Buys 120-Bed Skilled Nursing Facility in North Kingston, Rhode Island

by Taylor Williams September 22, 2021

NORTH KINGSTON, R.I. — New Jersey-based investment firm Tryko Partners has purchased Scalabrini Villa, a 120-bed skilled nursing facility in North Kingston, about 25 miles south of Providence. The property opened in 1994 at a site along Narragansett Bay and consists of 60 two-bed units. The seller and sales price were not disclosed. Tryko Partners plans to make capital improvements to the facility, which offers memory care, long-term and sub-acute care services.

September 22, 2021

Acquisitions Multifamily Seniors Housing Texas

JLL Negotiates Sale of Two Active Adult Communities in Dallas Area Totaling 360 Units

by Taylor Williams September 21, 2021

ARLINGTON AND PLANO, TEXAS — JLL has negotiated the sale of The Orchards at Arlington Heights and The Orchards at Market Plaza, two active adult communities In the Dallas area totaling 360 units. The second community is located in Plano. The age-restricted properties offer amenities such as clubhouses, pools, movie theaters, game rooms, salons, fitness centers, gift-wrapping stations and activity rooms. Cody Tremper and Mike Garbers of JLL represented the seller, Kompass Kapital Management LLC, in the transaction. The buyer was Capitol Seniors Housing.

September 21, 2021

Development Multifamily Seniors Housing Washington Western

Ryan Cos. Completes 405,992 SF Seniors Housing Property in Bonney Lake, Washington

by Amy Works September 20, 2021

BONNEY LAKE, WASH. — Wesley Homes, Presbyterian Homes & Services (PHS) and Ryan Cos. US have completed construction of Wesley at Tehaleh, a 405,992-square-foot senior living community within the master-planned community of Tehaleh by Newland in Bonney Lake, a suburb of Seattle. The two-building property sits on 16.8 acres and features 18 memory care apartments, 168 independent living apartments and 42 “catered living” apartments. “This new community has been in the works for over three years,” says Kevin Anderson, president and CEO of Wesley. CGA was architect on the project. The 4,700-acre, master-planned Tehaleh development has flourished over the past decade and has seen an increased demand for senior living.

September 20, 2021

Acquisitions Multifamily Seniors Housing Texas

Livingston Street Capital Acquires 402-Unit Active Adult Portfolio in North Texas

by Taylor Williams September 20, 2021

FORT WORTH AND DENTON, TEXAS — An affiliate of Livingston Street Capital has acquired a portfolio of two active adult communities totaling 402 units in North Texas. The properties include a 162-unit community in Fort Worth, which the firm has rebranded as The Spring at Silverton, and a 240-unit community in Denton, which the firm has rebranded as Sunstone Village. These assets bring Livingston’s active adult and independent living portfolio to nearly 600 units in the Dallas-Fort Worth market and more than 1,500 units nationally.

September 20, 2021

Acquisitions Multifamily Seniors Housing Washington Western

MedCore Sells 60-Unit Birchview Memory Care in Sedro-Woolley, Washington

by Amy Works September 17, 2021

SEDRO-WOOLLEY, WASH. — MedCore Partners has sold Birchview Memory Care, a 60-unit senior living community in Sedro-Woolley, approximately 72 miles north of Seattle. The community was part of a seven-property portfolio that MedCore purchased in July 2020 with locations in Washington State and Southern California. The buyer and price were not disclosed. “We are pleased with our investment in Birchview and the success in operations during the 14 months MedCore owned it,” says Brian Bollich, partner with MedCore. “There were several milestones accomplished in the past year, including occupancy stability during COVID-19 and meaningful capital improvements.” Tacoma, Wash.-based Senior Services of America (SSA) will continue to manage the property for the new ownership. SSA also manages seven other MedCore assets in Washington State, Oregon and California. MedCore currently operates 15 seniors housing communities in Texas, Arizona, Utah, California, Washington and Oregon. In addition, the company has two senior living projects under construction, both of which are slated to open in 2022.

September 17, 2021

Newer Posts

Older Posts