Acquisitions

MorningStar-Albuquerque_N.M
AcquisitionsColoradoNew MexicoNews

LTC Acquires Communities in Colorado, New Mexico for $73M

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties has acquired two communities located in Colorado and New Mexico for a combined purchase price of $73 million. Harbert Management Corp. was the seller.  Berkadia brokered the sale of the properties, MorningStar of Albuquerque in New Mexico and MorningStar of Wheat Ridge in Denver. The communities total 69 units and 64 units, respectively, with assisted living and memory care.  MorningStar Senior Living will continue to manage the properties on behalf of the new ownership.  LTC will own the communities as a senior housing operating portfolio …

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AcquisitionsNewsSkilled NursingTennessee

SLIB Arranges Sale of 98-Bed Skilled Nursing Community in Eastern Tennessee

by Hayden Spiess

SEVIEVILLE, Tenn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing community located in Sevieville near the foothills of the Great Smoky Mountains. The facility is situated on 9 acres and totals 98 beds.  According to SLIB, the seller, a Tennessee-based non-profit, received 18 offers for the property.  Ryan Saul and Patrick Burke brokered the transaction. 

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Daylesford-Crossing_Paoli-Pa
AcquisitionsFinanceNewsPennsylvania

Berkadia Brokers Sale of 78-Unit Assisted Living, Memory Care Community in Metro Philadelphia

by Hayden Spiess

PAOLI, Pa. — Berkadia has brokered the sale of Daylesford Crossing, a 78-unit assisted living and memory care community located 25 miles west of Philadelphia in the suburb of Paoli. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare negotiated the transaction on behalf of the seller, Boston-based investment firm AEW Capital Management. Berkadia also originated an $18 million bridge loan on behalf of the buyer, a joint venture between an Atlanta-based entity that will serve as the general partner and an institutional limited partner. …

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AcquisitionsNewsTexas

Town Lane, Arcole Acquire 186-Unit Community Near Houston

by Hayden Spiess

LEAGUE CITY, Texas — Town Lane and Arcole Partners have acquired Grand Living at Tuscan Lakes, a seniors housing community located in League City, approximately 25 miles southeast of Houston.  Bow River Capital and Ryan Cos. developed and sold the property, which totals 186 units. Opened in 2023, the community features independent living, assisted living and memory care. Amenities at the property include multiple dining venues, a 150-seat theater, spa, fitness center, library and lounge, swimming pool and hot tub.  Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia …

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AcquisitionsAffordable HousingIllinoisNews

Blueprint Brokers Sale of Affordable Community in Chicagoland

by Hayden Spiess

CHICAGO — Blueprint has brokered the sale of an affordable seniors housing community located in metro Chicago.  Developed in the mid-2000s, the assisted living property operates under the Illinois Supportive Living Program.  A Chicago-based owner and operator acquired the property for an undisclosed price. Connor Doherty and Ryan Kelly of Blueprint advised the seller in the transaction. 

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AcquisitionsIllinoisNewsPennsylvania

Joint Venture Sells 344-Unit Portfolio in Metro Chicago, Philadelphia 

by Hayden Spiess

CHICAGO and PHILADELPHIA — A joint venture between Bain Capital and Capitol Senior Housing has sold a 344-unit senior living portfolio located in the Chicago and Philadelphia metros.  The portfolio comprises two properties near Philadelphia and two properties located in the North Shore suburbs near Chicago.  Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL Capital Markets represented the seller in the transaction. The buyer was not disclosed. 

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AcquisitionsDevelopmentNew JerseyNews

SLIB Arranges Sale of Development Site in New Jersey

by Hayden Spiess

SUCCASUNNA, N.J. — Senior Living Investment Brokerage has arranged the sale of a nine-acre entitled development site located in Succasunna an unincorporated community located in Roxbury Township, roughly 45 miles northwest of New York City.  According to SLIB, the site is approved for the development of a senior living community totaling 175 units of independent living, assisted living and memory care.  A private owner sold the property to a New Jersey-based developer for an undisclosed price. Dave Balow and Toby Siefert of SLIB brokered the transaction.  “This transaction allows the Seller …

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AcquisitionsNewsVirginia

Bowery Investment Partners Acquires Three Communities in Virginia

by Hayden Spiess

BEDFORD, DANVILLE and ROANOKE, Va. — Bowery Investment Partners has acquired three senior living communities in Virginia.  The communities include Cardinal Senior Living at Bedford, Cardinal Senior Living at Danville and Cardinal Senior Living at Roanoke. Together, the properties total 164 assisted living and memory care units.  Moving forward, the communities will operate as Riverstone Senior Living at Bedford, Riverstone Senior Living at Danville and Riverstone Senior Living at Roanoke.  Viva Senior Living has been chosen to operate the communities on behalf of Bowery. 

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Acoya-Shea_Scottsdale-Ariz
AcquisitionsArizonaNews

Berkadia Arranges Sale, Financing of 147-Unit Community in Scottsdale, Arizona

by Hayden Spiess

SCOTTSDALE, Ariz. — Berkadia has arranged the sale and financing of Acoya Shea, a senior living community located in Scottsdale. Opened in September 2023, the property totals 147 units. Dave Fasano, Ross Sanders, Cody Trember and Mike Garbers of Berkadia brokered the sale on behalf of the seller, Harrison Street Asset Management.  Austin Sacco, Garrett Sacco, Steve Muth and Alec Rosenfeld of Berkadia advised the undisclosed buyer on the financing.  Cogir Senior Living will continue to operate the community on behalf of the new ownership. Amenities at the property include multiple …

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Al Rabil Pull Quote
AcquisitionsCompany NewsNewsUncategorized

Bridgepoint to Acquire Kayne Anderson Real Estate for $1.4B

by Hayden Spiess

BOCA RATON, Fla. — Investment management firm Bridgepoint Group has entered into an agreement to acquire Florida-based Kayne Anderson Real Estate for roughly $1.4 billion. The deal is scheduled to be completed before the end of this year, subject to shareholder and regulatory approvals.  Founded in 2007, Kayne Anderson Real Estate invests in alternate real estate sectors, including student housing, seniors housing, multifamily and self-storage. The company maintains approximately $22 million in assets under management, including debt.  Since entering the seniors housing space in 2013, Kayne Anderson Real Estate has invested …

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