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July 2017 — Health Care Properties Quarterly — Page 7
BREAK THE MOLD | TRANSCEND THE EXPERIENCE | BUILD WHAT MATTERS
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Health Care News
tinues to be a highly desir-
able submarket for Pathfind-
er, and V-Esprit represents
another terrific value-add
investment opportunity.”
Blueprint Healthcare Real
Estate Advisors’ Pamela
Pyms and Hayden Behnke
were the lead advisers on the
transaction and positioned
the offering as either a value-
add or conversion play. The
community sold above origi-
nal asking price.
Haverland acquires Ralston
Creek Senior Living facility
Haverland Carter LifeStyle
Group, a mission-driven,
faith-based New Mexico non-
profit, purchased the Ralston
Creek Senior Living facility at
11825 W. 64th Ave. in Arvada.
Formerly a for-profit com-
munity, the name will be
changed to Ralston Creek
Neighborhood and will
become a nonprofit assisted
living and memory care
affiliate of Haverland Carter
LifeStyle Group.
“This acquisition is in per-
fect alignment with HCLG’s
not-for-profit mission of
offering senior housing and
health care options,” stated
E. DeAnn Eaton, the CEO
of HCLG. “The experienced
leadership of HCLG will
benefit the residents and
employees of Ralston Creek
Neighborhood.”
“Our focus, as we evaluate
opportunities presented to
us, is to protect our assets
while we grow business,”
Eaton added. “This project
met our goals as it offers no
construction risks, excellent
design and an ideal location
in an expanding market.”
“Certainly going into Colo-
rado has us expanding our
geographic presence, but
also has us diversifying by
adding another freestanding
assisted living community to
our existing Life Plan Com-
munities,” Eaton said. “Our
strategic plan is to seek new
opportunities to provide care
and services beyond our
existing boundaries.”
HCLG also operates two
Life Plan Communities (con-
tinuing care communities) in
New Mexico and an assisted
living and memory care com-
munity in Oklahoma City.
Milestone Retirement Com-
munities sold the center for
$46.95 million, according to
public records. It opened in
2016.
LGBTQ community planned
in Louisville
Elisabeth Borden, principal
of The Highland Group Inc., is
heading up a group of Boul-
der County near-retirees who
are planning an intentional
living community targeted
to LGBTQ people, friends and
family age 50-plus.
The community is envi-
sioned as an accessible,
low-maintenance setting.
The 12-unit condominium
building will be located in
Louisville and comprise two-
bedroom, two-bath condo-
miniums of 1,133 square feet.
The elevator-served building
will include residences with
private garages and lofts.
A 12-month construc-
tion period is expected with
move-ins around late 2018.
Pricing is anticipated around
$400,000 to $430,000 and
some units may be available
on a rental basis.s
The for-profit Ralston Creek Senior Living community will become the nonprofit Ralston Creek Neighborhood.
The 12-unit condominium building will feature two-bedroom, two-bath units.