SAN DIEGO and LOS ANGELES — Berkadia has arranged the sale and financing of two senior living communities located in Southern California. Situated within suburbs of San Diego and Los Angeles, respectively, the properties include an 84-unit assisted living community and a 72-unit memory care community. Together, the communities were roughly 90 percent occupied at the time of financing. Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia brokered the sale on behalf of the seller, a private owner. Ed Williams and Steve Muth of Berkadia secured acquisition financing …
NEW YORK CITY — MonticelloAM has provided $48.1 million in bridge and working capital financing for a skilled nursing portfolio located in North Carolina. The borrower was not disclosed. The portfolio totals more than 300 beds across three facilities. In addition to a $45.6 million bridge loan, the financing includes a $2.5 million working capital line of credit. “We focus on giving operators the resources they need to deliver strong care,” says Kim Gordon of New York City-based MonticelloAM. “With the $2 million working capital line of credit, we demonstrate our …
DAVENPORT, Iowa — Woda Cooper Cos. Inc. and nonprofit Parallel Housing Inc. have broken ground on a new 52-unit affordable housing development located in Davenport. Units at the community, dubbed Timber Ridge, will be reserved for seniors age 62 and older earning at or below 40 and 60 percent of the area median income. Monthly rental rates for the one- and two-bedroom apartments are expected to range from $565 to $975. Financing for the project includes a HOME loan from the City of Davenport and the allocation of nine percent housing …
WOODLAND PARK, Colo. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale. Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state. Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” …
By Curtis Forbes, MustardHub Assisted living, memory care, skilled nursing — whatever the care level, senior living facilities exist to help residents live well. Residents should not just survive, but actually thrive. The secret to making that happen isn’t fancy tech or spa-like amenities. It’s the people on the floor. When staff are trained, engaged and actually cared for themselves, residents receive better care. As staff satisfaction goes up, the number of mistakes goes down. The inverse is also true. Burned-out staff don’t stick around, and the residents pay the …
DALLAS — Owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion. Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. CHP ranked as the 22nd-largest owner in the 2025 edition of the ASHA 50, which is based on figures from June 1, and Sonida ranked …
SAN CLEMENTE, Calif. — Stacked Stone Ventures, in a joint venture with Praxis Capital, has acquired a $71 million seniors housing portfolio located in Missouri. The acquired properties include Oak Pointe of Carthage, Oak Pointe of Kearney, Oak Pointe of Maryville, Oak Pointe of Monett, Oak Pointe of Neosho, Oak Pointe of Rolla and Oak Pointe of Washington. Viva Senior Living will manage the properties on behalf of the new ownership. Senior Living Investment Brokerage (SLIB) arranged the transaction. The seller was not disclosed. “Oak Pointe has a legacy of quality …
TEMPE, Ariz. — LCS Development is underway on the third phase of a master planned renovation at Friendship Village Tempe, a 50-acre continuing care retirement community located in Tempe. Construction has begun on the phase, which will include the removal of an existing structure and the addition of a new, five-story building. Upon completion, which is planned for the fourth quarter of 2027, the building will total 175,900 square feet with 69 independent living apartments, two guest suites and below-grade parking. Units in the building will range in size from 909 …
WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a portfolio of three assisted living and memory care communities located in Western New Jersey. The sales price was $17.5 million. Together, the properties total 214 units, with each community comprising roughly 70 units. Ryan Saul, Toby Siefert and Patrick Burke of Illinois-based SLIB brokered the transaction on behalf of the undisclosed seller. A large regional owner acquired the portfolio, marking its first purchase in the state of New Jersey.
By Hayden Spiess When Stealers Wheel lamented being “stuck in the middle with you” in its 1972 song of the same name, the band was assuredly not intending to sing from the perspective of a senior searching for a place of residence. Nevertheless, the lyric could today very aptly be applied to the predicament that many potential seniors housing residents face. According to the National Investment Center for Seniors Housing & Care (NIC), the number of middle-income seniors in the United States is projected to almost double by 2029, totaling …