March 17, 2021 • Issue 312
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Maplewood, OHI Open Inspīr Carnegie Hill High-Rise Community on NYC’s Upper East Side
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Inspīr Carnegie Hill
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NEW YORK CITY — Maplewood Senior Living and Omega Healthcare Investors Inc. (NYSE: OHI) have opened Inspīr Carnegie Hill, a high-rise seniors housing community in Manhattan’s Upper East Side neighborhood.
The property is the first to open under Maplewood’s luxury Inspīr brand. Rising 23 stories, the community features 215 units of assisted living, memory care and what the company calls “enhanced care.”
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Sponsored by
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Breathe new life into your traditional,
on-premise emergency call system
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Introducing Philips Cares for Senior Living - Essential. It’s a modern upgrade to your classic e-call system designed to accept and integrate a variety of resident safety hardware old and new, with data from both integrating into a seamless cloud-based experience. Features include remote access, community mapping and reporting automation.
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Learn More |
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NIC Expands Data Capabilities by Acquiring Analytics Platform VisionLTC
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ANNAPOLIS, Md., and RALEIGH, N.C. — The National Investment Center for Seniors Housing & Care (NIC) has acquired Raleigh-based VisionLTC, a data analytics platform serving the seniors hosuing industry.
Together, Annapolis-based NIC and VisionLTC are creating a new company called NIC MAP Vision. The new service will integrate the NIC MAP Data Service with VisionLTC’s data for investors, owners and operators.
VisionLTC’s chief executive officer Arick R. Morton will lead the new company.
“NIC MAP Vision is the culmination of nearly two years of strategic planning by NIC’s board, which comprises leaders from across the senior living and senior care continuum,” says Kurt Read, managing director at RSF Partners and chair of NIC’s Board of Directors. “We’ve seen today’s opportunities require more — and more complex — data to guide solutions that benefit seniors, including market and property data, as well as information on health status and healthcare utilization.”
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Sponsored by
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4 Pitfalls to Avoid in Your Senior Living Development
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If you are beginning your next senior living project, here are some of the most common pitfalls to avoid during development, allowing you to better manage the budget, schedule and improve satisfaction as a whole.
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USA Properties Starts Construction of $114M Multifamily Complex in Simi Valley, California
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The Landing at Arroyo and Vintage at Sycamore
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SIMI VALLEY, Calif. — USA Properties Fund has commenced construction on two apartment projects in Simi Valley. Totaling $114 million, the combined communities will offer a combined 311 mixed-income, multi-generational units to the area.
Situated on nearly 13 acres, the projects are The Landing at Arroyo, a market-rate community, and Vintage at Sycamore, an affordable seniors housing community for residents at least 62 years old. The project is located on the former Rancho Simi Recreation and Park District’s headquarters.
Vintage at Sycamore will feature 99 apartments for seniors earning 50 percent to 70 percent of the area’s median household income. The property will offer one-bedroom units featuring energy-efficient appliances, a patio or balcony and laundry rooms on each of the three floors. The $32 million community will feature a clubroom, fitness center, computer center with Wi-Fi and printers, swimming pool, an outdoor seating area with barbecues and a pet area.
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Ryan Cos., Cadence Plan 156,622 SF Acoya Cherry Creek in Denver
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Acoya Cherry Creek
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DENVER — Ryan Cos. US Inc. and Cadence Living have unveiled plans for Acoya Cherry Creek, a seniors housing community in the Cherry Creek neighborhood of Denver.
Totaling 156,622 square feet and 137 units, the project will be the first Acoya-branded community in the Denver market and the third in Colorado. The types of care were not disclosed.
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KeyBank Funds $17M HUD Refinancing for Two Bickford Properties in Iowa
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Bickford of Davenport
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DAVENPORT and MARION, Iowa — KeyBank Real Estate Capital (KBREC) has secured $17 million of fixed-rate Federal Housing Administration loans for Bickford Senior Living, a senior living owner and operator based in Olathe, Kansas.
The loans will refinance debt for Bickford of Davenport and Bickford of Marion, both located in Iowa. The buildings each were built in 1998 on 2.5 acres. Bickford of Davenport comprises 42 beds, 35 for assisted living and seven for memory care. Bickford of Marion comprises 38 beds, 31 for assisted living and seven for memory care.
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Discovery Senior Living Hires Hilary Bullard as President of Its New Morada Senior Living Brand
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Hilary Bullard
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BONITA SPRINGS, Fla. — Discovery Senior Living, an owner-operator based in Bonita Springs, has hired Hilary Bullard as the first-ever president of its Morada Senior Living brand.
Bullard brings more than 15 years of experience managing seniors and multifamily housing assets for some of the industry’s most prominent investors. She most recently served as vice president of seniors housing asset management for Healthpeak Properties, a post she occupied since 2019.
Bullard began her career with J.P. Morgan where she oversaw top-tier and middle-market seniors housing communities across multiple states. She also led a portfolio of multifamily assets in the Mid-Atlantic region from the pre-construction phases through disposition.
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Have you read the December-January issue?
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Active Adult Faces Major ‘Stress Test’
Despite increased competition and delays in construction and lease-up due to COVID-19, developers remain bullish on the sector.
Pandemic Shakes Up Acquisitions Landscape
REITs sell off portfolios while other investors pursue distressed assets amid record-low occupancy.
The SHB Interview: Dwayne Clark, Founder and CEO, Áegis Living
Eclectic owner-operator tries to bring fresh eyes to senior living.
Capital Corner: COVID-19 Disruptions Impact Valuations
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Are you getting all the news you need?
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France Media publishes 12 free e-newsletters, covering commercial real estate by region or with a focus on specific property types, including retail, student housing and seniors housing.
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