Transactions & Financings: Blueprint Closes 3-Community Sale; Sonata Continues Expansion

Financings Bayview Closes $13M Financing for California Community Bayview PACE announced it closed on $13 million in innovative Commercial Property Assessed Clean Energy (C-PACE) for the financing of an existing senior living community in Georgia. The community – called Varenita of Simi Valley – is a 102-unit assisted living and memory care community in Simi […]

Transactions & Financings: Legend Senior Living Adds Community; BWE Secures $40M for Refinancing

Transactions Legend Senior Living to Manage Pennsylvania Community Legend Senior Living announced it will assume management of a Pennsylvania-based senior living community marking the fifth community Legend manages in the Keystone State. Located in the central Pennsylvania community of Mechanicsburg, the community – previously called The Landing of Southampton Personal Care and Memory Care – […]

Best Repositioning of 2020: Space Needle Architect’s CCRC Design Gets $57M Modernization

Nestled in Seattle’s Queen Anne neighborhood is a 10-story continuing care retirement community that, until a couple years ago, was on the brink of obsolescence. Built in 1960, Bayview’s interior and exterior looked extremely dated, compared to newer senior housing communities that opened in recent years. Eventually, the community’s board of directors recognized that a […]

Beyond ‘Knock-and-Drop’: Senior Living Culinary Teams Step Up To Pandemic Challenges

With almost six months of pandemic experience behind them, senior living providers have mastered some new ways of delivering on ambitious culinary programs, and are continuing to innovate as communities gradually reopen. Where providers have reopened dining venues, they are now more meticulous than perhaps ever before about managing the flow of human traffic to […]

Senior Housing Finance Activity: Greystone, CBRE

Greystone Provides $49.4 Million in Freddie Mac Financing for Seniors Housing in California and Colorado Greystone, a real estate advisory, investment and lending firm, announced it provided $49.9 million in Freddie Mac loans to refinance two assisted living and memory care communities in Denver, Colorado, and Carmichael, California. Greystone Managing Directors Scott Kavel and Cary […]