The Springs Names Angelo Zwirn as Executive Director of Community in Medford, Oregon
Seniors Housing Business Magazine
by Jeff Shaw
2d ago
MEDFORD, Ore. — The Springs Living has promoted Angelo Zwirn to executive director at The Springs at Anna Maria in Medford. He fills the role after his predecessor, Meaghan Walkup, was promoted to regional director of operations.  Zwirn trained closely under Walkup who continues to work closely with The Springs at Anna Maria, one of several communities under her oversight in her new role. As the new executive director, Zwirn is responsible for all community operations. Zwirn has served The Springs at Anna Maria for over a decade, most recently as the business office manager. Previously, h ..read more
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Thorofare Capital Provides Financing for The Jovie at Pflugerville Active Adult Community in Texas
Seniors Housing Business Magazine
by Jeff Shaw
2d ago
PFLUGERVILLE, Texas — Thorofare Capital has provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville.  The newly completed, 182-unit, Class A active adult multifamily community opened in mid-2023 and is situated roughly 20 miles north of Austin. The loan amount was not disclosed. Thorofare’s director of originations, Jonathan Hart, originated the loan with colleagues Eddie Prosser, head of credit, and Henry Johnson, senior associate leading the underwriting. Wilson Capital was represented by B.K. Newsom, vice president of capital mar ..read more
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Miami Beach Housing Authority, Atlantic Pacific Break Ground on 119-Unit Affordable Housing Community
Seniors Housing Business Magazine
by Jeff Shaw
2d ago
MIAMI BEACH, Fla. — The Housing Authority of the City of Miami Beach and Atlantic Pacific Cos. have broken ground on Vista Breeze, a 119-unit affordable seniors housing development. situated near the Normandy Shores Golf Course in Miami Beach. The property represents the largest affordable housing development to break ground in Miami Beach in 45 years, according to the developers. Vista Breeze will feature Miami modern (MiMo) architecture and include onsite parking, a community center and a business center. Units will be reserved for seniors earning no more than 80 percent of the area median i ..read more
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LCB Senior Living Takes Over Management of The Reserve at East Longmeadow in Massachusetts
Seniors Housing Business Magazine
by Jeff Shaw
2d ago
EAST LONGMEADOW, Mass. — LCB Senior Living has assumed management of The Reserve at East Longmeadow in Massachusetts. The community opened in 2014 and features more than 100 units of assisted living and memory care. The post LCB Senior Living Takes Over Management of The Reserve at East Longmeadow in Massachusetts appeared first on Seniors Housing Business ..read more
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Clearwater Living Acquires 220-Unit Community in Houston
Seniors Housing Business Magazine
by Jeff Shaw
3d ago
HOUSTON — Clearwater Living has acquired The Watermark at Houston Heights, a 220-unit, Class A seniors housing community in Houston. The buyer has rebranded the community as Clearwater at The Heights. The seven-story property consists of 201 independent or assisted living residences and 19 memory care apartments. Floorplans include private studios and one- and two-bedroom layouts. The post Clearwater Living Acquires 220-Unit Community in Houston appeared first on Seniors Housing Business ..read more
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ESI Negotiates Sale of Two Skilled Nursing Facilities in Louisiana
Seniors Housing Business Magazine
by Jeff Shaw
3d ago
LAKE CHARLES, La. — Evans Senior Investments (ESI) has arranged a stock sale for a two-property skilled nursing portfolio in southwest Louisiana. The transaction was completed on behalf of an independent owner. Built in 1970 and 1972 and situated just 10 miles from one another in the Lake Charles area, the two communities comprise a total of 350 beds. Prior to the COVID outbreak, the portfolio maintained an average occupancy rate of 72 percent.  A few months into the pandemic, Hurricane Laura devastated the area, causing both communities to require significant renovations. Since reopening ..read more
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Legacy Retirement Living Hires Katherine Wright as Resident Engagement Director
Seniors Housing Business Magazine
by Jeff Shaw
3d ago
SALT LAKE CITY — Western States Lodging and Management (WSLM) has hired Katherine Wright as director of resident engagement for the company’s Salt Lake City-based seniors housing subsidiary, Legacy Retirement Communities. Wright is a nationally certified and state licensed recreational therapist with 10 years’ experience working with older adults. In addition to direct and onsite support, she is an accomplished speaker, sharing her skills and experience through presentations at the Utah Assisted Living Association Conference, Utah Recreation Therapy Association Conference, the University of Ut ..read more
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Integral Names Tamra Tsanos as Executive Director of Upcoming Community in Minden, Nevada
Seniors Housing Business Magazine
by Jeff Shaw
3d ago
MINDEN, Nev. — Integral Senior Living has named Tamra Tsanos as executive director of Valage Senior Living at Carson Valley, scheduled to open in Minden in this fall. Additionally, Karen Malekos-Smith will be director of sales and marketing. Tsanos’s background includes roles at Alzheimer’s Services of the East Bay, Brookdale Senior Living, Mercy Retirement and Care Center, and Belmont Village Senior Living.  Malekos-Smith has held leadership roles at nationally recognized senior living communities spanning all levels of care. She also served as the clinical manager of speech, language pa ..read more
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Marquis Completes Phase I of Renovations at Roosevelt Rehabilitation in Philadelphia
Seniors Housing Business Magazine
by Jeff Shaw
4d ago
PHILADELPHIA — Marquis Health Consulting Services has completed Phase I of a renovation project at Roosevelt Rehabilitation & Healthcare Center in the Rhawnhurst neighborhood of Philadelphia. The 240-bed skilled nursing facility provides post-hospital care, short-term rehab and long-term residential care.  “Roosevelt is being completely transformed into a modern, home-like environment for residents — one that accommodates progressive skilled nursing care and services,” says Danielle Koons, senior regional director of market development for Marquis Health Consulting Services. A centerp ..read more
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Berkadia Provides $49.4M in HUD Refinancings for Five Seniors Housing Communities
Seniors Housing Business Magazine
by Jeff Shaw
4d ago
NEW YORK CITY — Berkadia Seniors Housing & Healthcare, a New York-based financial company, has provided $49.4 million in 232/223(f) HUD refinancings across five transactions in four states.  The loans carried an average loan-to-value (LTV) ratio of 75 percent and an average term of 33 years. Four of the loans refinanced bridge loans through Berkadia’s proprietary balance sheet. Steven Muth and Rafael Nobo originated a $15.95 million loan secured by a 73-unit community in Northern Virginia for a Mid-Atlantic-based owner-operator. The assisted living and memory care community, which als ..read more
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