BRADENTON, Fla. — Senior Living Investment Brokerage, an Illinois-based brokerage firm focused on seniors housing, has arranged the sale of The Cottages of Bradenton, a 64-unit assisted living community in Bradenton.
COVINGTON, Ky. — Investment firm Blueprint Healthcare Real Estate Advisors has arranged the sale of Baptist Towers, a 97-unit assisted living and independent living community in Covington, for $3.1 million.
APPLETON, Wis. — Atrium Health and Senior Living – Midwest, a seniors housing operator based in Appleton, has renamed the 23 post acute care centers and senior living communities that it operates in Michigan and Wisconsin.
NAPA, Calif. — The Meadows of Napa Valley, a 20-acre nonprofit continuing care retirement community (CCRC) in Napa, has announced plans for $67 million in expansion and renovations.
LAFAYETTE, Colo. – In the first collaboration of the two companies, Indiana-based developer Mainstreet and Pennsylvania-based seniors housing operator Genesis HealthCare have opened PowerBack Rehabilitation in Lafayette.
DALLAS — Commercial real estate broker Holliday Fenoglio Fowler (HFF) has arranged the sale of a 14-property seniors housing portfolio totaling 1,038 units located in California, Oklahoma, Ohio, Texas, West Virginia and North Carolina. The purchase price was not disclosed.
SHENANDOAH, Texas — Developer and operator Avanti Senior Living plans to lay the foundation for its newest community, Avanti at Vision Park, on May 12 in Shenandoah.
LITTLE EGG HARBOR, N.J. — Institutional Property Advisors, a brokerage division of Marcus & Millichap, has arranged the sale of Arcadia Nursing and Rehabilitation Center for $15 million. The facility is located in Little Egg Harbor, about 30 miles north of Atlantic City.
MADISON, N.J. — Prudential Real Estate Investors (PREI) has completed the capital raise of Senior Housing Partners V (SHP) with a total of $629 million in capital commitments. SHP is the fifth in a series of dedicated, closed-end funds designed to invest in the seniors housing industry. PREI is the real estate investment and advisory business of Prudential Financial. (NYSE: PRU).
ALEXANDRIA, Va. — The Assisted Living Federation of America has elected John Moore and William Pettit Jr. to its board of directors.