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Acquisitions

AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 41-Unit Assisted Living Facility in Cumming, Georgia

by Channing Hamilton

CUMMING, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Country Gardens Lanier, a 41-unit assisted living facility in Cumming, approximately 40 miles northeast of Atlanta. SLIB was retained to solicit bids on behalf of the court-appointed receiver, GGG Partners. The buyer was a regional owner and operator seeking to expand its footprint across the Southeast.  Managing Director Daniel Geraghty and Senior Managing Director Bradley Clousing of SLIB handled this transaction. The buyer operates another seniors housing community in Forsyth County, Georgia, according to Geraghty, which “should …

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AcquisitionsAssisted LivingIndependent LivingKentuckyNews

Senior Living Investment Brokerage Arranges Sale of Four-Property Portfolio in Western Kentucky

by Channing Hamilton

HENDERSON, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a four-property portfolio in Henderson, located in western Kentucky along the Ohio River and approximately 11 miles south of Evansville, Ind. Known as the Colonial Portfolio, the properties in the transaction included Colonial Assisted Living (69 units), Colonial Court Independent Living (22 units), Colonial Senior Living (51 assisted living units) and Colonial Cottages (16 independent living units). The seller was a local owner who developed and operated the assets since their inception. The buyer was a Kentucky-based owner and operator looking to grow its portfolio …

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AcquisitionsIndustry Voices

Broker Q&A: Dealmakers See Light on the Horizon

by Jeff Shaw

Roundtable participants Aron Will, Co-Head of Seniors Housing, CBRE Jana Harris, Senior Associate, Evans Senior Investments Ryan Saul, Managing Director, Senior Living Investment Brokerage Cindy Hazzard, President, JCH Senior Housing Investment Brokerage Cody Tremper, Managing Director, Berkadia Seniors Housing & Healthcare Investment Sales Philip Kayden, Executive Managing Director, Blueprint Healthcare Real Estate Advisors Mark Myers, Managing Director, Walker & Dunlop By Jeff Shaw Although seniors housing acquisitions activity has been muted recently, driven largely by the sudden spike in interest rates over the last two years, transaction brokers in the …

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AcquisitionsAssisted LivingFinanceFloridaIndependent LivingMemory CareNews

JLL Capital Markets Closes Sale, Financing of Seniors Housing Community in South Florida

by Channing Hamilton

LAKE WORTH, Fla. — JLL Capital Markets has brokered the sale of Mariposa, a 313-unit seniors housing community in Lake Worth, located about 17 miles south of West Palm Beach and 20 miles north of Boca Raton. The real services firm also secured financing for the buyer. The seller and sales price were not disclosed, but the South Florida Business Journal reports that the facility sold for nearly $63.8 million. The seller was Ventas, the Chicago-based healthcare real estate investment trust. JLL represented the seller, and procured the buyer, Focus Healthcare Partners. Additionally, JLL …

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Firewheel Town Village in Garland, Texas
AcquisitionsActive AdultNewsTexas

JLL Brokers Sale of 154-Unit Active Adult Community in Garland, Texas

by Channing Hamilton

GARLAND, Texas — JLL Capital Markets has arranged the sale of Firewheel Town Village, a 154-unit active adult community in Garland, located about 20 miles northeast of Dallas. JLL represented the seller, Clearworth Capital, and procured the buyer, Equity Partnership Holdings. The sales price was not disclosed. Built in 2018, Firewheel Town Village consists of studio, one- and two-bedroom units. The interior finishes include granite countertops, glass tile kitchen backsplashes, stainless steel appliances and wood-inspired plank flooring. Community amenities feature a heated saltwater pool, clubhouse, TV lounge, full-service salon, billiards room, fitness center …

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AcquisitionsAssisted LivingGeorgiaNews

Blueprint Brokers Sale of 61-Unit Assisted Living Community in Buford, Georgia

by Channing Hamilton

BUFORD, Ga. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 61-unit assisted living and memory care community in Buford, located 39 miles northeast of Atlanta. The buyer in the all-cash transaction was an acquirer of value-add properties. The seller was an institutional real estate and development firm. The names of the buyer and seller were not disclosed. Even though the property was at 73 percent occupancy and operating at a negative margin at the time of sale, the real estate asset’s potential attracted significant interest, particularly …

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AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Tempo of Deal Velocity Increases as Industry Enters Homestretch of 2024

by Channing Hamilton

By Matt Valley Following a quiet end-of-summer period on the dealmaking front — “quieter than it has been for years with the exception of the pandemic” — Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen encountered a flurry of transaction activity in late August and early September.  “It’s been gangbusters, and what we’re seeing is primarily seniors housing assets (independent living and assisted living) coming to market,” said the veteran REIT executive who participated in the webinar Seniors Housing Business hosted on Sept. 5, titled “Creating Value in Seniors Housing — …

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The Retreat at Carrollton in Carrollton
AcquisitionsAssisted LivingNewsOperationsTexas

12 Oaks Senior Living Expands Management Portfolio with Retreat at Carrollton in Metro Dallas

by Channing Hamilton

CARROLLTON, Texas — 12 Oaks Senior Living has expanded its management portfolio with the addition of The Retreat at Carrollton, an assisted living community in Carrollton, located approximately 20 miles northwest of Dallas.  The 122-unit property opened early this year. A private equity group based in Dallas selected 12 Oaks to operate The Retreat at Carrollton. As part of this partnership, 12 Oaks will focus on optimizing operations, lease-up, enhancing resident experiences and achieving the owner’s business goals. The management team at 12 Oaks emphasizes the importance of resident-centered care, innovative …

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The Nation's Largest Not-for-Profit Multi-Site Senior Living Organizations
AcquisitionsFeaturesIllinoisNewsOperations

Latest LZ 200 Report Shows Not-for Profits Growing Mostly Through Campus Expansions, Affiliations, Acquisitions

by Channing Hamilton

CHICAGO — Not-for-profit senior living providers have grown primarily through community expansions from existing campuses as well as affiliation and acquisition activity, according to the 21st Annual LeadingAge Ziegler (LZ 200) report.  Developed annually through a partnership between LeadingAge and Ziegler, the report is a ranking and analysis of the nation’s 200 largest not-for-profit senior living organizations across the country as of Dec. 31, 2023.  Nearly 30 percent of the total number of units for all senior living systems among this year’s LZ 200 are represented by the 10 largest …

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The Patriot in Somerset, Pennsylvania
AcquisitionsCCRCNewsPennsylvania

ESI Arranges Sale of Continuing Care Retirement Community in Southwest Pennsylvania

by Channing Hamilton

SOMERSET, Pa. — Evans Senior Investments (ESI) has arranged the sale of The Patriot, a continuing care retirement community (CCRC) in Somerset, located in southwest Pennsylvania. The transaction was executed on behalf of a non-profit organization. The sales price was not disclosed. The CCRC features a diversified unit mix, including 100 licensed skilled nursing beds, 47 personal care units, and two independent living units. At the time of marketing, the skilled nursing component of the community was 77 percent occupied while the personal care beds were 47 percent occupied.  Financial …

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