Author

Jeff Shaw

AcquisitionsNewsOhioSkilled Nursing

Blueprint Brokers Sale of 92-Bed Park View Nursing Center in Edgerton, Ohio

by Jeff Shaw

EDGERTON, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Park View Nursing Center, a 92-bed skilled nursing facility in the Northwest Ohio town of Edgerton. The property opened in 1968 and was part of a larger portfolio of communities sold in 2020. The operator and REIT landlord elected to spin off Park View as a geographic outlier to the rest of that portfolio. A Kentucky-based operator seeking to grow through ownership purchased the facility for an undisclosed price.

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CCRCFinanceNewsNorth Carolina

Ziegler Arranges $76.1M Financing for Nonprofit Owner-Operator EveryAge

by Jeff Shaw

NEWTON, N.C. — Ziegler has arranged $76.1 million in bond financing for EveryAge, a Newton-based nonprofit owner-operator formerly known as United Church Homes and Services. The company was founded in 1961 to develop and manage seniors housing properties in the Southeast. The bonds affect the borrower’s three continuing care retirement communities: Abernethy Laurels in Newton; Piedmont Crossing in Thomasville, North Carolina; and Lake Prince Woods in Suffolk, Virginia. The financing was achieved through four separate bond issues: $22.2 million in fixed-rate bonds to refund a series of 2017 bonds and …

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AcquisitionsNewsNorth CarolinaSouth Carolina

JLL Negotiates Sale of 558-Unit Portfolio in the Carolinas

by Jeff Shaw

CHARLESTON, S.C. — JLL Capital Markets has arranged the sale of nine senior living properties totaling 558 units of assisted living and memory care. Eight of the properties are in South Carolina with one property located in North Carolina. JLL arranged the sales on behalf of the seller, a large, publicly traded REIT. In the first transaction, eight properties totaling 506 units were sold to a private equity group and will rebranded with a new operator. The new owner plans to provide extensive capital expenditures for improvements to the communities. …

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DevelopmentFloridaNews

Wickshire Senior Living Opens 293-Unit Community in Fort Lauderdale

by Jeff Shaw

FORT LAUDERDALE, Fla. — Tennessee-based Wickshire Senior Living has opened a new location in Fort Lauderdale, approximately 30 miles north of downtown Miami. The 293-unit community is centrally located to retail, restaurants, major highways and the Fort Lauderdale Executive Airport. The type of care was not disclosed. Wickshire partners with local schools, preschool to college, to engage residents, associates, families and the greater community with lifelong learning opportunities, mentoring and intergenerational activities.

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AcquisitionsAssisted LivingKentuckyNews

SLIB Brokers Sale of Two Assisted Living Communities in Kentucky

by Jeff Shaw

BARDSTOWN and ELIZABETHTOWN, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Bluegrass Assisted Living, which comprises two assisted living communities 30 miles from each other in Bardstown and Elizabethtown. The communities offer a combined total of 84 units on three acres. A California-based owner-operator looking to exit seniors housing sold the assets for an undisclosed price. The assets are the first acquisitions for a newly formed operator based in the Southeast. The price was not disclosed. Daniel Geraghty and Bradley Clousing of SLIB handled the transaction …

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AcquisitionsCaliforniaFinanceNevadaNews

Greystone Closes Financing for Harrison Street Acquisitions in Southwest

by Jeff Shaw

TORRANCE, SACRAMENTO and NOVATO, Calif., and LAS VEGAS — Greystone has arranged debt financing for the acquisition of four senior housing properties in the Southwest. The borrower was Harrison Street. Although the amount of financing was not disclosed, the acquisition price is $546,700 per unit, which would equate to approximately $254.2 million. The properties are located in Torrance, Sacramento, Novato and Las Vegas, totaling 465 units. The seller was Gallaher Cos. and the operator is Oakmont Management Group. A life company provided the funds. This acquisition is the second tranche …

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Active AdultDevelopmentGeorgiaNews

Greystar Completes 180-Unit Everleigh Duluth Active Adult Community in Georgia

by Jeff Shaw

DULUTH, Ga. — Greystar has opened Everleigh Duluth, a 180-unit active adult community in Duluth, a northeastern suburb of Atlanta. “The community is near the historic downtown, Duluth Town Green and the Chattahoochee River National Park, which offers some of the best hiking in Georgia, all just 30 minutes away from Atlanta,” says Malcolm Bemba-Kaye, regional property manager. The community features one-bedroom, two-bedroom and town flat floorplans. Everleigh Duluth has developed partnerships with Sugar Loaf Golf Course to host planned golf events and local spa services in Duluth Town Green.

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CCRCFinanceMichiganNews

Ziegler Arranges $42.9M in Bond Financing for Holland Homes in Grand Rapids, Michigan

by Jeff Shaw

GRAND RAPIDS, Mich. — Ziegler has arranged a total of $42.9 million in bond financing for Holland Homes, a nonprofit owner-operator. Holland Home was formed in 1892 and operates 12 facilities on two campuses totaling 1,167 units, all in Grand Rapids. The bonds were issued in two separate transactions. The Economic Development Corp. of the City of Kentwood issued $9.9 million in bonds, which will be used to pay for capital improvements at the Breton Woods continuing care retirement community campus. A second set of bonds, totaling $33 million, will …

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AcquisitionsAssisted LivingIndianaNews

ESI Arranges Sale of Assisted Living Community in Indiana

by Jeff Shaw

INDIANA — Evans Senior Investments (ESI) has arranged the sale of an assisted living community in Indiana. The price and location were not disclosed. The seller was a publicly traded REIT seeking to divest of a non-performing asset. In 2018, the community had stabilized occupancy levels aboce 95 percent. However, in recent years the occupancy has slipped due to new competition in the surrounding submarket. At the time of sale, the community’s unit occupancy was 60 percent and it was operating at a negative cash flow margin. The buyer was …

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Company NewsNewsOregonPeople

Thoma-Holec Design Hires Lisa Warnock as Principal

by Jeff Shaw

MESA, Ariz. — Thoma-Holec Design has hired interior designer Lisa Warnock as principal at the Mesa-based firm. Warnock will lead the launch of the new Northwest Studio in Portland, Oregon, specializing in senior living, multifamily and hospitality design. Warnock has over 20 years of experience in the senior living, multifamily and hospitality sectors. She was previously principal and director of housing interiors at LRS Architects. Warnock earned her bachelor’s degree in interior design at Marylhurst University. In addition to her design work, Lisa is a member of the Illuminating Engineering …

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