RICHMOND, Ky. — Blueprint has brokered the sale of a 49-unit assisted living community located in Richmond, roughly 35 miles southeast of Lexington. A Midwest-based private equity group acquired the property, which was built in 2009, for an undisclosed price. A New York-based owner and operator was the seller. Kyle Hallion, Connor Doherty and Ryan Kelly of Blueprint arranged the transaction.
LOS ALAMITOS, Calif. — Marcus & Millichap has brokered the $34.5 million all-cash sale of two senior living properties located in Los Alamitos. The properties include Alamitos West Health & Rehabilitation Center, a 142-bed skilled nursing facility and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care community. International Equity Partners was the buyer. Nick Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the undisclosed seller in the transaction. Stahler procured the buyer. Tony Solomon is Marcus & Millichap’s broker of record in California.
MURFREESBORO, Tenn. — Tennessee-based National Health Investors Inc. (NHI) has acquired a portfolio of six Agemark memory care communities located in Nebraska for $63.5 million. The seller, Agemark Senior Living, will continue to operate the properties, which total 205 units, on a 15-year master lease with two five-year renewal options. “Agemark is an innovative leader in providing exceptional personalized care to memory care residents and we have long admired their commitment,” says Eric Mendelsohn, president and CEO of NHI. “That is why we are thrilled to announce our new partnership today, …
GAINESVILLE, Fla. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities …
GREENVILLE, S.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Shepherd’s Care Assisted Living and Memory Care Community in Greenville. The property totals 60 units. Bob Jones University (BJU) sold the community to an undisclosed local investor, which has partnered with a Southeast-based operator. Daniel Geraghty and Bradley Clousing of SLIB represented BJU in the transaction. According to Geraghty, the buyer plans to renovate the property.
TAMPA, Fla. — Continuum Advisors has brokered the sale of a five-property senior living portfolio located in central and northern Florida. The communities, which were in receivership at the time of sale, include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville. In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units. Tampa-based Continuum arranged the sale on behalf of …
WACO, Texas — Blueprint has brokered the sale of an assisted living and skilled nursing facility totaling 106 units in Waco. Closed in 2018, the community was vacant at the time of sale. The property was built in 2015. Amenities at the facility include an outdoor courtyard, patio and putting green. Amy Sitzman and Giancarlo Riso of Blueprint represented the undisclosed seller in the transaction.
PARAMUS, N.J. — Juniper Communities, a senior living community owner and operator, has entered into a strategic partnership with National Health Investors (NHI). As part of the partnership, Juniper will operate Juniper Village at Paramus in Paramus on behalf of NHI, which recently acquired the community. Totaling 120 units, the property features 98 assisted living residences and a 22-unit memory care wing. Juniper first assumed management of the property in February 2021. “We are thrilled to continue our long-term commitment to Juniper Village at Paramus and partner with NHI,” says Lynne …
SACRAMENTO, Calif. — Alta Senior Living has acquired a 162-unit seniors housing community located in Sacramento. Alta purchased the property with joint venture partner Brasa Capital Management. Formerly known as The Village at Heritage Park, the property will be rebranded as Rose Arbor Village. Built in 2017, the community features independent living, assisted living and memory care residences. Alta plans to implement a repositioning strategy that includes upgrading amenities, strategic lease-up initiatives and enhancing resident engagement. “We’re excited to add another full continuum community to our portfolio at an attractive basis …
BETHESDA, Md. — Solera Senior Living has acquired Brightview Bethesda Woodmont, an assisted living and memory care community located in Bethesda. Brightview Senior Living was the seller. Solera will rebrand the community, which totals 113 units across eight stories, as Modena Reserve at Bethesda. Amenities at the property include rooftop decks, a formal dining room, upscale pub, multipurpose room for entertainment and gatherings, private dining room, library, fitness center, beauty and barber shop, movie theater and 24-hour concierge services. Solera also plans to reopen the community’s café, which will feature craft-brewed …
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