SAN ANGELO, TX – Sagora Senior Living, a Fort Worth-based private corporation, announces the acquisition of Brookdale South San Angelo. The community becomes Sagora’s 39th senior living community.

“Sagora is proud to expand further into the West Texas area, enhancing the family-owned atmosphere we provide to enrich the lives of seniors and their families,” said Sagora Senior Living, President Bryan McCaleb. “Our choice to expand helped living and memory care in San Angelo allows our associates to provide a caring environment that fosters health, safety and high quality of life for each of our residents.”

Residents of the community will receive the highest level of attention from professionally trained associates. Each resident is evaluated, and a custom care plot is designed and followed to provide the best care and service for them. 

“Our team will focus on keeping our residents as independent and active as possible and on providing activities, entertainment and therapies to enhance and stimulate residents’ social needs,” McCaleb added.

The community features 77 apartments, 60 Helped Living and 17 Memory Care apartments, and offers medication management, help with activities of daily living, transportation and common areas for social and recreational activities. Sagora employs their Pathways Memory Care Program, which is a focused approach to programming that provides the best possible lifestyle, care and environment for Memory Care residents.

“This community is all about changing the lives of our residents by putting them first in all we do,” said Sagora Senior Vice President Dara Brown. “Our qualified associates will provide personalized care, respect and comfort to our residents, spending quality time to get to know them and to know their specific needs and interests.”

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WILMINGTON, NC – Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, has successfully reached financial close on a public-private partnership (P3) project to develop an on-campus housing and dining community at the University of North Carolina Wilmington (UNCW). The two-phase project will house approximately 1,814 students and provide a variety of amenities including group study and collaboration spaces.

Located in the southeast area of the UNCW campus, the development’s first phase is scheduled to open for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students. In the second phase, 776 beds in both pod and semi-suite styles will be added for the Fall 2021 semester for second-year students and upperclassmen. The development will also include more than 3,500 square feet of dining space, as well as DIY space, group study and collaboration areas and a learning center for the sophomore class, which will be constructed in both phases of the project.

“We’re very pleased to work with UNCW to deliver much-anticipated infrastructure that will enable more students to live on campus at the very heart of this growing institution,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “Our team has worked closely with university leadership on a very thoughtful plotting and design effort and we look forward to breaking ground on this exciting new offering for UNCW students.”

The development is being designed by Clark Nexsen Architecture and Engineering and constructed by Balfour Beatty Construction. Collegiate Housing Foundation, a national non-profit entity, is the project’s residential facility owner through an issuance of project-based, tax-exempt debt financing. Upon completion, the housing community will be managed by the University.

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JACKSONVILLE, FL – InvestRes, in partnership with a private equity firm, has bought Coquina Bay, a multifamily property located in the Southside submarket of Jacksonville. Coquina Bay, a 200-unit community, will be managed by InvestRes’s in-house property management division, ResProp Management.

Coquina Bay is a garden-style community offering one to three-bedroom apartment homes with floor plans of 700 to 1,100 square feet and several resident amenities, including a luxury swimming pool, spacious fitness center, gated dog parks, and an outdoor social lounge. 

“We are excited to add another property to our Jacksonville portfolio. Coquina Bay is a fantastic fit for our investors, and we plot to make value through a comprehensive renovation plot and hands-on, resident focused management. The property is in close proximity to the expanding Mayo Clinic, Atlantic beaches, and the St. John’s Town Center, a fantastic blend of economic opportunity and high quality of life for our residents,” said InvestRes CIO, Joe Facchini. 

InvestRes plans to launch a multimillion-dollar capital improvement program by renovating the exterior of each building and various common areas, repurposing and revamping resident amenities, and enhancing the interior of the apartment homes. 

With the addition of this acquisition, InvestRes bought nine properties in 2018 and owns more than 6,000 units across Florida.

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