OXFORD, Miss. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Magnolia at Oxford Commons, a 100-unit senior living community in Oxford. The community was previously known as The Blake at Oxford. The name change reflects the change in ownership. Grace Management will take over operations, offering assisted living and memory care services. The Magnolia at Oxford Commons is located in the new Oxford Commons neighborhood, near shopping, restaurants, medical facilities, The Square and The University of Mississippi. The new owner …
Acquisitions
NORTH KINGSTOWN, R.I. — Tryko Partners has acquired Scalabrini Villa, a 120-bed skilled nursing facility in North Kingstown, located along Narrangansett Bay south of Providence. The seller and price were not disclosed. “The acquisition of Scalabrini Villa further grows our investment footprint in New England, specifically within the desirable Rhode Island marketplace,” says Uri Kahanow, Tryko’s director of acquisitions. “North Kingstown’s enviable demographics and deep regional hospital network added to this opportunity’s appeal.” Within a three-mile radius of Scalabrini Villa, the elderly population, median household income and median housing values …
ARLINGTON and PLANO, Texas — JLL Capital Markets has arranged the sale of an active adult portfolio consisting of two newly built, age-restricted properties totaling 360 units located in the Dallas-Fort Worth MSA in Texas. JLL represented the seller, Kompass Kapital Management. Capitol Seniors Housing acquired the portfolio for an undisclosed price. The portfolio consists of The Orchards at Arlington Heights in Arlington and The Orchards at Market Plaza in Plano. The Orchards at Arlington Heights totals 256,611 square feet. The Orchards at Market Plaza totals 257,102 square feet. Each …
Focus Healthcare Partners, LCS Acquire Fountain View Village in Fountain Hills, Arizona
FOUNTAIN HILLS, Ariz. — Focus Healthcare Partners and Life Care Services (LCS) have acquired Fountain View Village, a senior living community in Fountain Hills, a suburb of Phoenix. LCS will operate the 291,000-square-foot community following the acquisition. Fountain View Village consists of 90 independent living units, 68 assisted living units, 45 memory care units and 48 units within its dedicated health center. Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard of Cushman and Wakefield represented the seller, a joint venture between an institutional investor and national operator. …
MARIETTA, Ga., and SAN MATEO, Calif. — Banko Design has acquired Warner Design Associates (WDA), a senior-living focused interior design firm based in San Mateo. The studio will be renamed Warner Design Associates – A BD Studio. Over the past 30 years, Cynthia and Mark Warner, the founders of WDA, built the interior design and procurement business in the senior living industry. Looking to pass the baton, WDA sought out Banko Design to take ownership of the company. Banko Design, a full-service interior design firm located in Marietta, will continue …
LEAWOOD and SPRING HILL, Kan. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living and memory care communities in the Kansas City area. The properties were Leawood Gardens, a 70-unit community in Leawood, and Blackhawk Assisted Living, a 48-unit community in Spring Hill. Both communities were built in the early 2000s with subsequent renovations, and occupancies remained relatively stable above 90 percent prior to the operational transition to a West Coast-based national assisted living manager in 2017. Following a stretch of unexpected community-level leadership turnover …
Blueprint Brokers Sale of Skilled Nursing, Assisted Living Community in Northbridge, Massachusetts
NORTHBRIDGE, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a seniors housing campus featuring 154 skilled nursing beds and 26 assisted living units in the Worcester suburb of Northbridge. The community, which was not named, was built in 1970 on 13 acres. It totals 93,000 square feet following expansions in 1995 and 2005. Owner-operator Salmon Health and Retirement sold the property as a non-core community in its portfolio. A Massachusetts-based investor acquired the asset for an undisclosed price.
FORT WORTH and DENTON, Texas — An affiliate of Livingston Street Capital has acquired a portfolio comprising two active adult communities totaling 402 units in the Dallas-Fort Worth area of Texas. The properties include a 162-unit community in Fort Worth, which the firm has rebranded as The Spring at Silverton, and a 240-unit community in Denton, which the firm has rebranded as Sunstone Village. These assets bring Livingston’s active adult and independent living portfolio to nearly 600 units in the Dallas-Fort Worth market and more than 1,500 units nationally, according …
SEDRO-WOOLLEY, Wash. — MedCore Partners has sold Birchview Memory Care, a 60-unit senior living community in Sedro-Woolley, approximately 72 miles north of Seattle. The community was part of a seven-property portfolio MedCore purchased in July 2020 with locations in Washington State and Southern California. The buyer and price were not disclosed. “We are pleased with our investment in Birchview and the success in operations during the 14 months MedCore owned it,” says Brian Bollich, partner with MedCore. “There were several milestones accomplished in the past year, including occupancy stability during …
BRYN MAWR, Pa. — Lument Securities has advised the board of directors of Bryn Mawr Terrace, a continuing care retirement community (CCRC) in Bryn Mawr, on its sale to a private operator. Located roughly 10 miles from downtown Philadelphia and operated by Main Line Senior Care Alliance, Bryn Mawr Terrace is an independent, nonprofit organization providing skilled nursing, memory care and personal care services. As a standalone senior care provider without a Medicaid license, the board of directors at Bryn Mawr sought a strategic and confidential sale. The transaction closed …