ALISO VIEJO, Calif. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in Aliso Viejo. Harrison Street Asset Management is the borrower. Opened in 2019, the Southern California community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.
DANA POINT, Calif. —CareTrust REIT (NYSE: CTRE) has acquired a skilled nursing portfolio located in the Mid-Atlantic for roughly $142 million including transaction costs. The acquisition was funded with cash on hand. The seller was not disclosed. Totaling 532 licensed beds, the portfolio is operated by a tenant engaged in a triple-net lease with annual inflation-based rent escalators and multiple renewal options. According to CareTrust, the portfolio is expected to generate a 9 percent stabilized yield. “The quality of the portfolio, attractive coverage metrics, and the opportunity to transact with a …
BURLINGTON, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility located in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet. A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price. Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction.
GLENDALE, Ariz. — JLL Capital Markets has brokered the sale of Thunderbird Senior Living, a 345-unit seniors housing community located in Glendale. Renovated in 2018, the property comprises 13 interconnected buildings totaling 285 independent living, 40 assisted living and 20 memory care units. Amenities at the community include an art room, beauty salon and barber shop, bistro, game room, heated outdoor pool, library, lounges, nature trails, sundecks and a theater. Stellar Senior Living is the operator and will continue to manage the community on behalf of the new ownership.
LEXINGTON, S.C. — Senior Living Investment Brokerage has arranged the sale of Westminster Memory Care, a 48-unit memory care community located in Lexington, roughly 20 miles west of Columbia, the state capital. Built in 2020, the community is situated on roughly 6.3 acres, with space for future expansion. Trinity Investors sold the property to a Southeast-based owner and operator for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.
CARLSBAD, Calif. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.
WHITE RIVER JUNCTION, Vt. — Benchmark Senior Living and investment, development and management firm National Development have jointly acquired The Village at White River Junction, a seniors housing community located in White River Junction, roughly five miles away from Dartmouth College. M&T Bank provided financing for the acquisition. The Village at White River Junction totals 80 units, with assisted living and memory care residences. Amenities at the property include a live performance venue, art gallery, art studio, movie theater, dining venues, community kitchens, a salon and spa, fitness center, conservatory, library …
WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing facility located in upstate New York. Originally opened in 1977, the facility totals 80 beds. The seller is a county governmental owner exiting the seniors housing sector. A private skilled nursing owner and operator acquired the property for an undisclosed price. Ryan Saul and Dave Balow of Illinois-based SLIB brokered the transaction on behalf of the seller.
BARTLETT, Ill. — Focus Healthcare Partners has received financing for the acquisition and repositioning of Hearthwood Senior Living, a 293-unit senior living community located in Bartlett, roughly 40 miles northwest of downtown Chicago. Ryan Stoll and Taylor Mokris of BWE arranged the $37 million non-recourse financing on behalf of Focus, which will use the funds to lever its previously all-cash acquisition of the property as well as more than $15 million in capital improvements. Focus plans to refresh the lobby and amenity area and add a bistro, modern theater and new …
GEORGETOWN, Texas — Touchmark has acquired a senior living community located in Georgetown. Touchmark will rebrand the property, which was formerly known as The Hacienda at Georgetown, as Touchmark at Georgetown. Situated roughly 40 miles north of Austin, the community features independent living, assisted living and memory care options. Headquartered in Oregon, Touchmark develops, owns and operates properties with a full continuum of care. With this acquisition, Touchmark’s portfolio comprises 16 communities across the U.S. and Canada.
