• Investment Firm Acquires in Missouri

    Investment firm Lapis Advisers purchased a seniors housing asset out of state receivership in Kansas City, Missouri. The CCRC was distressed, having struggled with COVID-related challenges as well as a limited access to capital in recent years.  Kingswood Senior Living features 185 independent living (65 of which are large duplex cottages),... Read More »
  • Global Investment Firm Sells Community with Strong Momentum

    A global real estate investment firm sold an independent living community in Iowa, engaging Blueprint’s Kory Buzin, Dillon Rudy and Steve Thomes to get the deal done. Built in 2002, the four-story community features 121 units, mostly with two-bedroom options. It appears to be The Arbordale in Urbandale, which was acquired in 2020 by Omaha,... Read More »
  • Large Operator Adds Turnaround Campus to Portfolio

    A senior care campus in Ohio found a new owner with the help of Kiser Group. Set on 26 acres in a rural market east of Cleveland, the property features 76 skilled nursing beds, five assisted living units and three independent living units. It was originally built in 1950 but expanded through multiple additions between 1965 and 2001.  At the time... Read More »
  • Texas Skilled Nursing Portfolio Sells

    A portfolio of skilled nursing facilities traded hands in Texas before the end of the year. There are two assets in the Lubbock area and two in Central Texas that are located northwest of Austin. They comprise more than 430 beds, with between 100 to 120 beds at each of the four facilities. Three of the buildings were constructed in the 1970s, and... Read More »
  • CIBC Bank’s Recent Activity

    CIBC Bank USA closed an impressive array of transactions in the last several months, totaling more than $800 million in credit facilities across the country. The largest transaction was an $85 million (with earn-outs) debt package for a senior care portfolio in the Northeast. The debt included a senior term loan and a mezzanine loan to refinance... Read More »

Buckeye Community Hope Foundation maximizes LIHTC

The next venture for Buckeye Community Hope Foundation (BCHF), an Ohio-based not-for-profit developer of affordable housing, will be a 34-unit project for low- to moderate-income seniors in Falls Township, Ohio. The BCHF project is once again being facilitated by the Ohio Housing Finance Agency’s Low-Income Housing Tax Credit (LIHTC) program. Valley View Pines will comprise 18 one-bedroom and 16 two-bedroom apartments in a row of single-level, ranch-style homes, which aids accessibility; the materials used in construction will be “eco-friendly.” BCHF will receive federal tax credits of $446,509 during each of the next 10 years to offset the cost of construction. The LIHTC program then... Read More »

Trilogy Health Services opens its 80th community

The Willows at Citation in Lexington, Kentucky, is Trilogy Health Services’ newest senior living community—its 80th senior living campus and its second in Lexington. The new campus offers assisted living, long-term care, short-term rehab, skilled nursing, personal care, and respite services. Designed using Trilogy’s village center residential model, The Willows at Citation features small neighborhood clusters that surround a communal gathering place—a village center—with a restaurant, ice cream parlor, health club, and other amenities where residents can meet and greet each other and build lasting friendships. Residents also enjoy chef-prepared meals, private dining rooms, complimentary... Read More »

Shared-campus concept proposed in Hudson, Wisconsin

Integrating medical suite services within a continuum of care is what Presbyterian Homes & Services has in mind for 14.6 acres of land currently owned by Hudson Hospital & Clinics in Hudson, Wisconsin. Presbyterian Homes plans to purchase the land—a wooded area adjacent to the hospital—and build a 160-unit senior apartment and assisted living complex on it. The shared-campus concept calls for 95 independent living, 46 assisted living, and 19 memory care residences in a four-story building, along with a 6,000 square-foot medical office suite and a 24,000 square foot town center with a bistro, theater, library, auditorium, chapel, fitness center, and hair salon. A future 50-suite... Read More »

It may be spring, but Autumn Leaves are burgeoning

One week before The LaSalle Group broke ground on its ninth memory-care community in suburban Chicago, the company celebrated the grand opening of its second memory care community in the Atlanta area. On May 1, Autumn Leaves of Towne Lake— a 28,000 square-foot, $9.8 million community located in Woodstock, Georgia, about 30 miles north of Atlanta—opened with an official ribbon-cutting ceremony. The Towne Lake community will provide specialized services to 50 residents living with Alzheimer’s disease, dementia, or memory impairment. Then on May 7, Autumn Leaves of Arlington Heights, located 25 miles northwest of downtown Chicago, had its official groundbreaking ceremony. The Arlington... Read More »

Buckner planning its eighth CCRC in Texas

Buckner International announced its newest senior housing development, a high-rise CCRC in Dallas to be called Ventana by Buckner. The $118 million project will be built on nearly three acres of land in the North Park neighborhood of Dallas and feature twin 12-story towers with a total of 314 apartments: 182 independent living, 36 assisted living, 24 memory care, 48 skilled nursing, and 24 short-term rehabilitation. The project will also have three dining areas, a wellness center, pool, chapel, theater, business center, day spa, roof terraces, gardens, and indoor parking. D2 Architecture, also in Dallas, designed the community, which is expected to take four years to complete. Buckner... Read More »

Cadbury expanding its Delaware presence

“Development” is more than bricks and mortar. For example, Cadbury Senior Services has expanded its presence in Delaware by offering seniors in that state the signature “continuing care retirement community without walls” offering that Cadbury developed back in 1998. Operating for 17 years out of Cadbury at Cherry Hill, the provider’s flagship CCRC, Cadbury at Home brings home-care services to New Jersey seniors who prefer to age in place in their own home rather than move into a senior living community. Cadbury also has a CCRC in Delaware, Cadbury at Lewes. A pair of events held last October to introduce the service to Delaware seniors attracted more than 400 attendees—12 of whom signed... Read More »