Acquisitions

Reserve-North-Dallas_Dallas
AcquisitionsAssisted LivingIndependent LivingNewsTexas

Unbridled Living Acquires 273-Unit Independent, Assisted Living Community in Dallas

by Hayden Spiess

DALLAS — Unbridled Living has acquired The Reserve at North Dallas, a 273-unit independent and assisted living community located in Dallas. The seller was not disclosed.  Built in 2000, the property features 247 independent living apartments and 26 assisted living units. Amenities at the community include a bistro, game room, wellness center, hair salon, library, media room, resident lounge and putting green.  Jay Wagner, Rick Swartz, Aaron Rosenzweig, Jim Dooley and Dan Baker of JLL brokered the sale on behalf of the seller. Allison Holland of JLL secured acquisition financing through …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTexas

Helios Brokers Sale of Restored Assisted Living Facility in Dallas-Fort Worth Metro

by Hayden Spiess

DENTON, Texas — Helios Healthcare Advisors has brokered the sale of Fairhaven Denton Assisted Living in Denton, roughly 40 miles northeast of Fort Worth.  Situated on 33 acres, the property was originally developed by the Denton Business & Professional Women’s Club in the mid-1950s. After operating for more than 40 years, the community closed in 2007. In 2019, Austin, Texas-based developer Investcor acquired Fairhaven and engaged in an $8 million renovation of the property, which is now featured on the National Register of Historic Places.  Fairhaven reopened in fall 2020. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Devon-Senior-Living_Devon-Pa
AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Juniper Communities Acquires 90,865 SF Property in Pennsylvania

by Hayden Spiess

DEVON, Pa. — Juniper Communities has acquired  The Devon Senior Living in Devon, a suburb located roughly 20 miles northwest of downtown Philadelphia. Totaling 90,865 square feet, the property features 65 assisted living apartments — called “personal care” apartments in the state of Pennsylvania — and 13 memory care units.  Originally developed in 1892 as the Eliza Cathcart Home and expanded in 1896, the property was fully renovated this year. Juniper plans to implement additional design and program enhancements at the community, which has been renamed Juniper Village at Devon.

Continue Reading
0 FacebookTwitterLinkedinEmail
Colorado-Portfolio
AcquisitionsAssisted LivingColoradoNewsSkilled Nursing

SLIB Arranges Sale of Skilled Nursing, Assisted Living Portfolio in Colorado

by Hayden Spiess

FORT COLLINS and WINDSOR, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado.  Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings.  A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Rivertown-Ridge_Wyoming-Mich
AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareMichiganNews

Berkadia Arranges Sale, Financing of 152-Unit Senior Living Property in Michigan

by Hayden Spiess

WYOMING, Mich. — Berkadia has brokered the sale of Rivertown Ridge, a senior living property located in Wyoming, a suburb of Grand Rapids.  Built in 2020, the community features 152 units and offers independent living, assisted living and memory care.  CPF Living is the buyer, and its wholly owned management company, Grace Management, will operate the property on behalf of CPF. Redstone Homes, the seller, developed the property and assumed operation of the community in 2023. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia arranged the sale on …

Continue Reading
0 FacebookTwitterLinkedinEmail
Outlook Hamilton
AcquisitionsActive AdultIndianaNews

Middle Street Partners Acquires 172-Unit Active Adult Community Near Indianapolis 

by Hayden Spiess

NOBLESVILLE, Ind. — Middle Street Partners has acquired Outlook Hamilton, an active adult community located in Noblesville, roughly 20 miles northeast of Indianapolis.  Totaling 172 units, the property marks the second active adult acquisition for Middle Street this year. In July, Middle Street completed the purchase of Elate Royal Oaks, an active adult community located in Houston.  “We’re excited about our recent acquisitions and the continued opportunities emerging in the Active Adult sector,” says Chris McGuffin, managing director of Middle Street. “Historically, the primary risk in this space was oversupply, but …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingMemory CareMissouriNews

SLIB Arranges Sale of Seven-Property Portfolio in Missouri

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care portfolio located in the state of Missouri. The portfolio comprises seven properties built between 2014 and 2020.  An undisclosed real estate investment firm was the buyer. An East Coast-based operator will manage the properties on behalf of the buyer.  Ryan Saul, Jeff Binder and Bradley Clousing of Illinois-based SLIB brokered the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Wilshire-Senior-Living_Burleson-Texas
AcquisitionsNewsTexas

Sagora Senior Living Acquires 100-Unit Community in Dallas-Fort Worth Metro

by Hayden Spiess

BURLESON, Texas — Sagora Senior Living has acquired Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth.  Situated on 25 acres, the property comprises four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which was opened in 2021, also features assisted living and memory care units. Amenities at the property include a theater room, billiards area and full-service salon.  The seller and sales price were not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Senior-Living-Community_Ocean-Springs-Miss
AcquisitionsAssisted LivingIndependent LivingMemory CareMississippiNews

SLIB Arranges Sale of 140-Unit Community on Mississippi Gulf Coast

by Hayden Spiess

OCEAN SPRINGS, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast.  Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale.  The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Berkadia Brokers Sale of 156-Unit Community in Central Florida

by Hayden Spiess

LAKELAND, Fla. — Berkadia has brokered the sale of a 156-unit senior living community located in Lakeland in central Florida.  A Florida-based family office purchased the property, which features independent living, assisted living and memory care residences. The seller was a Tampa-based real estate investment group.  Brooks Minford of Berkadia represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts