NIC Expands Data Capabilities by Acquiring Analytics Platform VisionLTC

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March 17, 2021  •  Issue 312

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Maplewood, OHI Open Inspīr Carnegie Hill High-Rise Community on NYC’s Upper East Side

Inspīr Carnegie Hill

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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Oxford Finance
Sponsored by 

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NIC Expands Data Capabilities by Acquiring Analytics Platform VisionLTC

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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Locust Point Capital
Green Courte Partners
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4 Pitfalls to Avoid in Your Senior Living Development

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

The Landing at Arroyo and Vintage at Sycamore

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

Acoya Cherry Creek

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

Bickford of Davenport

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

Hilary Bullard

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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