CREJ

July 2018 — Health Care Properties Quarterly — Page 23 www.crej.com Openings The 16 Penn Residences, a high-quality, 99-unit market-rate, age-qualified apartment property in Denver, opened in April. The general contractor was Shaw Construction and the architect was OZ Architecture. The property is owned by 16th and Pennsylvania Residences LLC and is managed by The Burgwyn Co. Accel at Longmont is a new 50-unit/74-bed short-term rehabilitation skilled-nursing facility in Longmont that opened in February. The prop- erty is owned by SG Development. Windsong at Northridge, a 52-unit, stand-alone memory care community in Greeley, opened in May. The architect was Lenity Architecture and the general contractor was Brinkman Partners. The property is co-owned by Drever Capital Man- agement & Vista Pointe Development Co. Vista Pointe Development Co. manages the property. Sable Ridge Apartments, a 60-unit, income- restricted, age-qualified apartment property fund- ed with 4 percent low-income housing tax credits, opened in April. The property, located in Denver, is a second phase of development adjacent to Sable Ridge Residences, which was also funded with 4 percent low-income housing tax credits. The architect was David Langley and Associates and the general contractor was Spectrum General Contractors. The property owner is Sable Ridge Apartments LLC and the management company is Kenneth A. Walker and Associates. A grand opening ceremony was held April 26 for Springs Ranch, a new, 72-unit memory care and 12-unit independent living community in Colo- rado Springs. The general contractor was Koelsch Construction. The property is owned by Madrona Point Development. Vita Littleton, a 160-unit, high-quality, market- rate, age-qualified apartment community in downtown Littleton, opened in May. The architect was KTGY. Zocalo Community Development owns and manages the property and also served as the general contractor for this project. Parkside Village, a 130-unit independent liv- ing property in Aurora (adjacent to Shalom Park), opened in May. The general contractor and architect was Cameron General Contractors. The property is owned by Parkside Village Retirement Community LLC and is managed by Resort Life- style Communities. Erickson Living-Wind Crest, a large continuing care retirement community in Highlands Ranch, opened Mt. Rosa Court, a new, 126-unit indepen- dent living building, in May. The architect was JHP Architects, and the general contractor was Brink- mann Constructors. The property is owned and managed by Erickson Senior Living. Legacy Village at Castle Pines, a 66-unit inde- pendent living, 80-unit assisted living, and 31-unit memory care community in Castle Pines, opened in May. The architect was Lantz-Boggio Architects and the general contractor was Shaw Construc- tion. The property is owned and managed by Western States Lodging II LLC. Eben Ezer Lutheran Care Center’s new 54-unit assisted living and 18-unit memory care build- ing in Brush opened in April. The new building replaced the older 54-unit assisted living build- ing. The architect was OZ Architecture and the general contractor was Fransen Pittman General Contractors. Oakridge Crossing, a 110-unit, income-restrict- ed, age-qualified apartment property in Fort Col- lins, opened in May. The developer, McDermott Properties LLC, received disaster recovery funds, 4 percent low-income housing tax credits and state housing tax credits to develop the property. The general contractor was Brinkman Partners and the architect was Lewis Himes Architects. The property is managed by ComCap Asset Manage- ment Inc. Sales In February, Atria Applewood (a 65-unit assisted living and 42-unit memory care property in Lake- wood) and Atria Inn at Lakewood (a 35-unit inde- pendent living, 82-unit assisted living and 19-unit memory care property) were sold by Ventas REIT. The properties are now managed by Juniper Com- munities and have been renamed as Applewood Place and Lakewood Reserve. In April, S-H Thirty-Five PropCo - Englewood Meridian LLC, c/o HPC Inc., sold Brookdale Merid- ian, a 193-unit independent living and 72-unit skilled nursing property in Englewood, to BKD Englewood Colorado LLC, c/o Brookdale Senior Living, for $84.1 million, or $317,370 per unit. Brookdale has been the lessee/management company and will continue to operate the prop- erty. In April, a joint venture between Kayne Ander- son Real Estate and MorningStar Senior Living acquired MorningStar of Littleton, a 65-unit assisted living and 20-unit memory care proper- ty, from an institutional investor. CBRE National Senior Housing represented the seller, and the sale price was not disclosed. The property will continue to be managed by MorningStar Senior Living. In May, Confluent Senior Living sold Morn- ingStar of Fort Collins, a 55-unit assisted living and 24-unit memory care community, to Kayne Anderson Real Estate for $37 million. The prop- erty will continue to be managed by MorningStar Senior Living. These listings of construction starts, openings and property sales are as reported by Boulder-based The Highland Group . For questions, contact info@thehigh- landgroupinc.com or 720.565.0966. Senior housing Continued from Page 17