MIDDLETON, Wis. — Greywolf Brokerage, a division of Greywolf Partners Inc., has brokered the $4 million sale of Pheasant Branch Senior Apartments in Middleton, a suburb of Madison. The 45,166-square-foot building contains 47 units. The property was fully occupied at the time of sale and sold slightly above the listing price. Dawn Davis of Greywolf represented the seller. Buyer and seller information was not provided.
MASHPEE, Mass. — Bridges by EPOCH has appointed Edmund Tucker as executive director of Bridges by EPOCH at Mashpee, memory care and assisted living community in Mashpee, located on Cape Cod. Tucker has extensive leadership experience in hospitality and senior living. He began his career in hotel management, serving in leadership positions in hotel operations as well as food and beverage services. He most recently served as an executive director of a senior living community in the greater Boston area, where he oversaw 58 independent living, 38 assisted living and …
ENGLISHTOWN, N.J. — JLL Capital Markets has arranged the $29.9 million sale of Royal Pines at Marlboro, an 89-unit active adult community in Englishtown, approximately 20 miles south of New York City. JLL represented the seller, a joint venture between GRJ and Castellan Real Estate Partners, in the sale to F.M. Ferrari Investments. Royal Pines at Marlboro comprises one- and two-bedroom units averaging 859 square feet. Although the property is restricted to residents age 55 and above, 20 percent of residents can be age 35 and older. The property was …
DALLAS — Buckner Retirement Services, a Dallas-based operator, has named Allison Vanderford to the position of senior director of sales. Vanderford will provide sales leadership and strategic support for the six Texas communities operated by the faith-based, nonprofit senior living provider. Vanderford previously worked as vice president of sales for Integrated Real Estate Group in Dallas, managing its Integrated Senior Lifestyles property portfolio. She has also held sales leadership roles at Elan Westpointe (Life Care Services) in New Braunfels, Comfort Keepers in San Antonio, and Westminster in Austin. Vanderford has …
MYRTLE BEACH, S.C. — Hudson Capital Properties (HCP) has sold Inspire Coastal Grand, a 194-unit active adult community in Myrtle Beach. An undisclosed buyer acquired the property for $53.2 million. Tai Cohen of Cushman & Wakefield represented HCP in the transaction. Units are available in one-, two- and three-bedroom options. Cape Fear Commercial co-developed the project alongside HCP. The partnership broke ground on the community in 2019. Like many of the Southeastern markets where HCP invests, the greater Myrtle Beach area benefits from continued population growth that has strong potential …
PHILADELPHIA — Cushman & Wakefield has arranged the sale of The Watermark at Logan Square, a 426-unit rental continuum community in the Center City neighborhood of Philadelphia. The firm also served as the exclusive advisor to the undisclosed buyer in procuring acquisition financing. A fixture of the Philadelphia skyline, the 24-story tower originally opened in 1984 and offers independent living, assisted living, memory care and skilled nursing. The property is located prominently above the Logan Square circle and offers true urban senior living in one of the fastest growing neighborhoods …
ALLENTOWN, Pa. — Hamister Real Estate Equity Fund III LP, a private real estate fund sponsored by Hamister Group, has acquired DevonHouse Senior Living, a personal care home in Allentown. The community first opened in 1989, and was expanded in 2008 and 2013. The community features 42,446 square feet of space and feature 80 units and 100 beds. DevonHouse Senior Living is the 10th senior living community in Hamister’s managed portfolio and the 6th property acquired by Fund III.
HARTFORD, Conn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of three skilled nursing facilities in Connecticut. Totaling 380 beds, the properties are all located in the northeastern suburbs of Hartford. A joint venture owner sold the assets to a regional buyer for an undisclosed price. The buyer plans to focus on operational efficiencies, including addressing staffing efficiencies, as well as investing in capital projects at the facilities.
SAN CLEMENTE, Calif. — The board of directors of CareTrust REIT Inc. (NYSE: CTRE) has appointed James Callister as chief investment officer. Effective at the end of the year, Callister will succeed Mark Lamb, who plans to leave the company after a transition period to pursue entrepreneurial opportunities. Callister has served as executive vice president and secretary at CareTrust since July 2022. He previously served as general counsel and secretary from February 2021 to July 2022. Prior to joining CareTrust, he worked as a real estate attorney and a partner …
COMMERCE, Ga. — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.3 million loan for the refinancing of Brookside Commerce, an assisted living facility in Commerce, approximately 70 miles northwest of Atlanta. The 62-bed community includes 12 independent living units. It is 3.5 miles from Northridge Medical Center, a full-service community hospital. Robert Bhat, based out of the MMCC Miami office, led the transaction. “Brookside Commerce was acquired in September 2019,” says Bhat. “We were able to secure a 35-year HUD loan to refinance the asset and provide cash …
