ALISO VIEJO, Calif. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in Aliso Viejo in southern California. Harrison Street Asset Management is the borrower. Opened in 2019, the community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.
DANA POINT, Calif. —CareTrust REIT (NYSE: CTRE) has acquired a skilled nursing portfolio located in the Mid-Atlantic for roughly $142 million including transaction costs. The acquisition was funded with cash on hand. The seller was not disclosed. Totaling 532 licensed beds, the portfolio is operated by a tenant engaged in a triple-net lease with annual inflation-based rent escalators and multiple renewal options. According to CareTrust, the portfolio is expected to generate a 9 percent stabilized yield. “The quality of the portfolio, attractive coverage metrics, and the opportunity to transact with a …
AUSTIN, Texas — Berkadia has secured $30 million for the refinancing of two assisted living and memory care communities located in Texas. Austin, Texas-based Journeyman Group is the borrower. The financing includes two seven-year, floating-rate Freddie Mac loans. Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia arranged the financing on behalf of Journeyman Group.
BURLINGTON, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility located in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet. A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price. Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction.
By Hayden Spiess Despite the trials and tribulations that the senior living sector has endured during the past decade, David Schless, president and CEO of the American Seniors Housing Association (ASHA), is bullish on the near-term outlook for the industry. “The COVID era was really as difficult as any period,” acknowledged Schless during a keynote interview at the ninth annual InterFace Seniors Housing Northeast conference on Dec. 4. The event drew more than 240 seniors housing professionals to the Live! Hotel Philadelphia. Nevertheless, Schless has abundantly positive expectations for the industry …
DENVER — Healthcare real estate owner, operator and developer Healthpeak Properties (NYSE: DOC) has announced the formation and planned initial public offering (IPO) of a new seniors housing REIT, Janus Living. The publicly traded REIT will feature a RIDEA structure. Healthpeak will contribute its 34-community, 10,422-unit seniors housing portfolio to Janus Living and serve as its external manager, with a $10 million annual management fee. Immediately following the IPO, Healthpeak plans to retain a substantial majority interest in the REIT, with public shareholders owning the remainder. Scott Brinker, president and CEO …
GLENDALE, Ariz. — JLL Capital Markets has brokered the sale of Thunderbird Senior Living, a 345-unit seniors housing community located in Glendale. Renovated in 2018, the property comprises 13 interconnected buildings totaling 285 independent living, 40 assisted living and 20 memory care units. Amenities at the community include an art room, beauty salon and barber shop, bistro, game room, heated outdoor pool, library, lounges, nature trails, sundecks and a theater. Stellar Senior Living is the operator and will continue to manage the community on behalf of the new ownership.
WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has announced its 2026 Senior Living Hall of Fame Inductees. The annual awards recognize individuals that have shown notable foresight and innovation within the industry. According to ASHA, inductees “are industry leaders with an unwavering commitment to community lifestyles that enhance choice, independence, dignity and personalized service.” The 2026 inductees include David Freshwater of Watermark Retirement Communities, Ed Kenny of LCS and Loren Shook of Silverado Senior Living. These recipients will be inducted to the Senior Living Hall of Fame in January …
NORWOOD, N.J. — Viva Senior Living has assumed management of four communities located in New Jersey and Pennsylvania. The communities include Belle Reve Senior Living in Milford, Pennsylvania; Heritage Hill Senior Community in Weatherly, Pennsylvania; Cardinal Village in Sewell, New Jersey; and Viva Senior Living at Cross Keys in Glassboro, New Jersey. Logos Living Capital, along with affiliates, acquired the properties and engaged Viva to serve as the operator. New Jersey-based Viva’s management portfolio comprises 40 senior living communities across the East, Southeast and Midwest.
LEXINGTON, S.C. — Senior Living Investment Brokerage has arranged the sale of Westminster Memory Care, a 48-unit memory care community located in Lexington, roughly 20 miles west of Columbia, the state capital. Built in 2020, the community is situated on roughly 6.3 acres, with space for future expansion. Trinity Investors sold the property to a Southeast-based owner and operator for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.
