Acquisitions

Richard Hutchinson
AcquisitionsCompany NewsNewsOperations

Discovery Acquires 26 Management Contracts From Senior Solutions Management Group

by Hayden Spiess

BONITA SPRINGS, Fla. — Discovery Senior Living has entered into a definitive agreement to acquire the management contracts for 26 seniors housing communities from Senior Solutions Management Group (SSMG).  According to Discovery, the portfolio is concentrated in eight states in the South and the Southeast.  Totaling more than 2,200 units, the communities comprise assisted living, independent living and memory care units. Of the units, 69 percent are assisted living, with 18 percent independent living and 13 percent memory care.  Discovery, led by co-founder and CEO Richard Hutchinson, is currently the largest …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsColoradoNewsSkilled Nursing

SLIB Arranges Sale of 126-Bed Skilled Nursing Facility in Metro Denver

by Hayden Spiess

CASTLE ROCK, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Brookside Inn, a skilled nursing facility located in Castle Rock, about 30 miles southeast of downtown Denver.  The property totals 126 beds and approximately 43,184 square feet.  A Colorado-based entity, which has owned and operated the community since 1997, sold the community for an undisclosed price. Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB represented the seller in the transaction.  A California-based skilled nursing operator was the buyer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Parkview-Estates_Fountain-Valley-Calif
AcquisitionsCaliforniaNews

SlateView Capital Acquires 151-Unit Community in Southern California 

by Hayden Spiess

FOUNTAIN VALLEY, Calif. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles.  Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater.  The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Pennsylvania-Portfolio
AcquisitionsNewsPennsylvania

JLL Arranges Sale, Financing of 479-Unit Portfolio in Pennsylvania

by Hayden Spiess

PHILADELPHIA — JLL Capital Markets has arranged the sale and financing of a seniors housing portfolio located throughout Pennsylvania.  Dubbed the Pennsylvania Portfolio, the assets comprise 479 units across seven assisted living and memory care communities. A joint venture between Almanac Realty Investors and Priority Life Care acquired the portfolio for an undisclosed price. ValStone Partners was the seller.  On average, the communities are 27 years of age. ValStone has completed over $8.8 million in capital improvements at the properties since 2020. IntegraCare previously operated the communities on behalf of ValStone.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
SLIB-Portfolio-Pic
AcquisitionsKentuckyMichiganNewsTennessee

SLIB Arranges Sale of 443-Unit Portfolio 

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a six-property portfolio totaling 443 units. A partnership between an operator and a publicly traded REIT acquired the portfolio.  Four of the properties are located in Kentucky, with one of the communities in Michigan and another in Tennessee.  According to SLIB, the portfolio has maintained an average occupancy rate of 96 percent over the past three ears.  Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the undisclosed seller. The sales price was not …

Continue Reading
0 FacebookTwitterLinkedinEmail
Canyon-Villas_San-Diego
AcquisitionsCaliforniaNews

Joint Venture Acquires 122-Unit Community in San Diego

by Hayden Spiess

SAN DIEGO — A joint venture between a private equity group and a local operator has acquired Canyon Villas, a 122-unit seniors housing community located in the Clairemont neighborhood of San Diego. The San Diego Christian Foundation sold the property for an undisclosed price.  Constructed in 1991, the community features independent living, assisted living and memory care residences. Amenities at the property include a courtyard, library, gazebo, activity room, room service and transportation services. Hap Knowles, Nick Stahler and Michael Mooney of Marcus & Millichap brokered the sale on behalf of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hearthside
AcquisitionsAssisted LivingNewsTennessee

Berkadia Brokers Sale of 67-Unit Community in Memphis Suburb

by Hayden Spiess

BARTLETT, Tenn. — Berkadia has brokered the sale of a 67-unit assisted living community located in Bartlett, roughly 15 miles northeast of downtown Memphis.  Built in 2016, the property, Hearthside Senior Living Bartlett, features 65 one-bedroom and two two-bedroom residences. The community was 95 percent occupied at the time of sale. Amenities at the property include private dining spaces, a bistro, beauty salon, fitness center, library, sunroom, lounges, and outdoor patio and garden areas.  An affiliate of Allegro Living will continue to operate Hearthside Senior Living Bartlett on behalf of the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Laurels-Senior-Living-Community_Hazleton-Pa
AcquisitionsAssisted LivingNewsPennsylvania

Decker Arranges Sale of 92-Unit Assisted Living Property in Pennsylvania

by Hayden Spiess

HAZLETON, Pa. — Decker Healthcare Group has arranged the sale of Laurels Senior Living Community, a 92-unit assisted living property located in Hazleton in Eastern Pennsylvania.  Built in 2003 and renovated in 2007, the community has been owned by the same family since opening. Bill Janis, Justin Valle, Jeff Rhodes and Cullen Nguyen of Decker brokered the transaction on behalf of the family ownership.  A Pennsylvania operator of assisted living and skilled nursing facilities acquired Laurels Senior Living Community for an undisclosed price. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Discovery-Village_Naples-Florida
AcquisitionsCompany NewsNews

Discovery Acquires Sunshine Retirement Living

by Hayden Spiess

BONITA SPRINGS, Fla. — Operator Discovery Senior Living has entered into a definitive agreement to acquire seniors housing management company Sunshine Retirement Living.  Discovery will obtain full ownership of the company, which will join Discovery’s family of management companies and will remain its own distinct company. Luis Serrano, president and co-founder, will continue to lead the company.  Founded in 2010 and based in Bend, Oregon, Sunshine manages a portfolio of 33 senior living communities totaling roughly 3,500 units. The communities comprise approximately 2,750 independent living units, 207 assisted living units and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ansley-Court-Lawrenceville
AcquisitionsAssisted LivingGeorgiaMemory CareNews

Mainstay Acquires Two Georgia Communities

by Hayden Spiess

COLUMBUS and LAWRENCEVILLE, Ga. — Mainstay Financial has completed the acquisition of two senior living communities located in Georgia. Together, the properties total 78 units.  The acquisition, which closed at the end of September, includes Ansley Cove Columbus, a 30-unit memory care community in Columbus, and Ansley Court Lawrenceville, a 48-unit assisted living and memory care community located in Lawrenceville.  Mainstay Senior Living, the seniors housing operating company owned by Mainstay Financial, operates both communities.  Mike Garbers of Berkadia brokered the transaction. The seller and sales price were not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts