• Reliq Health Technologies Adds 30 SNF Clients

    Reliq Health Technologies, a global healthcare technology company involved in virtual care, announced that it added 30 new skilled nursing facility clients to a previously disclosed contract with a large healthcare network in Florida. The deal is expected to result in over 3,000 new patients per month using Reliq’s iUGO Care platform, which... Read More »
  • Ziegler Finances South Carolina CCRC Expansion

    Ziegler closed $29.2 million in Series 2023A and B bonds for Bishop Gadsden Episcopal Retirement Community, a not-for-profit CCRC on James Island in Charleston, South Carolina. The financing will help fund the construction of an independent living expansion on the campus and comes four years after Ziegler also helped finance the construction of a... Read More »
  • Erickson Senior Living Planning Big Tampa Bay Project

    It may be up for debate exactly when seniors housing development kicks back into high gear to prepare for the oncoming baby boomers, but Erickson Senior Living is planning its next project at its typically large scale to include more than 1,000 units of seniors housing in Lakewood Ranch, Florida. The company is seeking site approvals from Manatee... Read More »
  • 1031 Crowdfunding Enters Utah Market

    1031 Crowdfunding announced the acquisition of its first seniors housing communities in the state of Utah. The two assets combine for a total of 178 units of assisted living and memory care. Built in 2011 and 2016 respectively by the same developer, Spring Gardens St. George and Spring Gardens Lindon total 156,473 square feet across 5.8 acres.... Read More »
  • Stellar Senior Living Acquires Assisted Living Community in Utah

    Blueprint Healthcare Real Estate Advisors announced the sale of an assisted living community in South Jordan, Utah. Built in 2018, Anthology of South Jordan comprises 103 units of independent living, assisted living and memory care, and sits on 3.7 acres in the greater Salt Lake City area. The new owner is Stellar Senior Living, which renamed the... Read More »
Erickson Senior Living Planning Big Tampa Bay Project

Erickson Senior Living Planning Big Tampa Bay Project

It may be up for debate exactly when seniors housing development kicks back into high gear to prepare for the oncoming baby boomers, but Erickson Senior Living is planning its next project at its typically large scale to include more than 1,000 units of seniors housing in Lakewood Ranch, Florida. The company is seeking site approvals from Manatee County to build 1,020 independent living units in addition to a 250-bed skilled nursing facility on the site. Phase I of the project would include 660 apartments, and phase II would consist of 360 units along with parking, utility and stormwater infrastructure. There would also be pedestrian bridges that would connect the 10 buildings. Completion... Read More »
Rockwood Capital and Doyenne Healthcare Capital Announce Joint Venture

Rockwood Capital and Doyenne Healthcare Capital Announce Joint Venture

Rockwood Capital and Doyenne Healthcare Capital have announced a new seniors housing joint venture to invest up to $100 million of equity in seniors housing assets across the United States. Doyenne Healthcare Real Estate is a women- and minority-owned real estate investment firm that was established in August 2022 and is headquartered in Chicago, Illinois. Rockwood Capital is a real estate investment management firm founded in 1995 that provides debt and equity capital combined with real estate operating expertise for the repositioning, development, redevelopment and recapitalization of residential, office, retail and hotel space in key markets throughout the United States. Financial terms... Read More »
Denver Developer Doubles Down on Active Adult

Denver Developer Doubles Down on Active Adult

Denver-based Headwaters Group announced its intention to increase its development and acquisition activity within the active adult market. The company recently launched its middle-market active adult initiative and will focus on for-rent communities for adults aged 55 and older in the western half of the United States, initially, with plans to expand nationwide. Headwaters and an unknown joint venture partner plan to build a 169-unit active adult community in Centennial, Colorado and is also under contract for land in Northglenn to build a 169-unit active adult community. In addition to these two Colorado communities, Headwaters is currently in the works for two more projects in Longmont... Read More »
Erickson Senior Living Planning Big Tampa Bay Project

Link Senior Development Building Albuquerque Community

A luxury senior living community is going up in Albuquerque, New Mexico, with the help of construction financing secured by JLL Capital Markets. Alanna Ellis led JLL’s Debt Advisory team on the transaction. Link Senior Development is building the three-story community to include 144 units of independent living, assisted living and memory care, along with a host of amenities. It is situated on 6.5 acres adjacent to a new ambulatory urgent care center and an MOB. Link received a $51.8 million loan to fund the project. Assuming more conservative leverage on the transaction, the construction cost could be between $550,000 and $600,000 per unit. Read More »
Ziegler’s Construction Financing in Minnesota

Ziegler’s Construction Financing in Minnesota

Ziegler announced the closing of $47 million in construction financing for a new senior living community in Corcoran, Minnesota (Minneapolis MSA). Saint Therese of Corcoran, LLC, and its sponsor, Saint Therese, will comprise 99 independent living units, 34 assisted living units and 20 memory care units and sits on a 13-acre site. The financing comprises $18.2 million of Series 2022AB and $28.8 million of Series 2023 Senior Living Revenue Notes placed with Bremer Bank. Campus-wide amenities will include restaurant-style dining, outpatient therapy and wellness areas, as well as indoor and outdoor social gathering spaces. Organized in 1965 as a single-site nursing home in New Hope, Minnesota,... Read More »
Active Adult Development in Texas

Active Adult Development in Texas

Grace Management, Inc, a subsidiary of CPF Living, and Padua Realty Company have announced the groundbreaking of The Lakes at Woodhaven Village, its newest active adult community in Conroe, Texas. The community will complement the existing 171-unit Woodhaven Village Campus which comprises 27 independent living cottages, 60 IL units, 24 memory care units and 60 assisted living units. The 130,000-square-foot community will sit on five acres just north of Houston and is expected to open in spring 2024. Working on this development are developers Padua Realty Company, its affiliated construction company Dorado Builders, Grace Management, Investwell Architects, interior design firm Lizabeth... Read More »