Acquisitions

Michael O'Brien
AcquisitionsCaliforniaNew YorkNews

Investcorp Acquires $200M Portfolio in Coastal Markets

by Hayden Spiess

NEW YORK CITY — Global alternative investment firm Investcorp has acquired a three-property portfolio for $200 million. Two of the properties are seniors housing assets.  The seniors housing properties include a 148-unit community located in Orange County, California, and a 116-unit community located on Long Island in New York. The portfolio also included a multifamily community in New Jersey.  Investcorp also recently acquired a 140-unit senior living community in Boston. According to the company, these acquisitions “underscore Investcorp’s conviction for the sector.”  “Our decision to re-enter the senior housing sector reflects …

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AcquisitionsNew YorkNewsSkilled Nursing

Marcus & Millichap Arranges Sale of 82-Bed Skilled Nursing Facility Near Albany, New York

by Hayden Spiess

HOOSICK FALLS, N.Y. — Marcus & Millichap has arranged the sale of a skilled nursing facility located in Hoosick Falls, a town roughly 30 miles northeast of Albany.  Situated on 3.9 acres, the property was built in 1954 and expanded in 1995 and totals 82 beds.  Joseph Knapp and John Horowitz of Marcus & Millichap represented the seller, an undisclosed nonprofit, in the transaction. 

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Eric Mendelsohn
AcquisitionsNewsSkilled Nursing

NHI to Sell Skilled Nursing Portfolio to National HealthCare Corp. for $560M

by Hayden Spiess

MURFREESBORO, Tenn. — National Health Investors (NYSE:NHI) has executed an agreement to sell a portfolio of properties to National HealthCare Corp. (NHC) for a total of $560 million.  The portfolio includes 32 skilled nursing facilities and three independent living facilities. NHC currently operates the properties on a lease.  In 2025, the portfolio generated cash lease revenue of roughly $39.7 million for NHI.  According to NHI, the company expects this move to strategically increase its concentration in the category of private-pay seniors housing. Following the transaction, NHI’s senior housing operating portfolio (SHOP) …

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Metro-Phoenix-Property
AcquisitionsArizonaAssisted LivingIndependent LivingMemory CareNews

IPA Arranges Sale of Senior Living Community in Metro Phoenix

by Hayden Spiess

PHOENIX — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a senior living community totaling more than 100 units in metro Phoenix. Built in 2021, the community features independent living, assisted living and memory care residences.  Clarion Partners acquired the property from Civitas Capital Group for an undisclosed price.  Stellar Senior Living will operate the community on behalf of Clarion Partners. 

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Senior-Horizons-Bayonne_Bayonne-N.J
AcquisitionsAffordable HousingNew JerseyNews

Hudson Atlantic Realty Brokers Sale of 59-Unit Affordable Community Near New York City

by Hayden Spiess

BAYONNE, N.J. — Hudson Atlantic Realty has brokered the sale of Senior Horizons at Bayonne, an affordable seniors housing community located in Bayonne, roughly 10 miles outside New York City. The buyer and seller were not disclosed.  The property, which totals 59 units, is subject to agreements with the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and New Jersey Department of Community Affairs (NJDCA) through 2047, as well as a Hudson County HOME regulatory agreement through 2042.  Of the units, 30 percent are reserved for residents earning at or below …

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Clarendale-of-Mokena_Mokena-Ill
AcquisitionsIllinoisNews

Inland Acquires 156-Unit Community in Chicago Suburb

by Hayden Spiess

MOKENA, Ill. — Inland Real Estate Acquisitions has acquired Clarendale of Mokena, a 156-unit senior living community located in Mokena, a southwest suburb of Chicago.  The property features 60 independent living, 56 assisted living and 40 memory care units. Amenities at the community include a bistro, pub, full-service salon and spa, fitness studio, theater room, gathering spaces, landscaped grounds and an outdoor patio.  “Our senior living investment strategy centers on acquiring the highest quality opportunities with best-in-class operators,” says Matthew Tice, senior vice president of Inland. “The Clarendale of Mokena is …

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Georgia-South-Carolina-Portfolio
AcquisitionsGeorgiaNewsSouth Carolina

SLIB Arranges Sale of 426-Unit Portfolio in Georgia, South Carolina

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 426-unit senior living portfolio located in Georgia and South Carolina.  Comprising six communities situated on four campuses, the portfolio features 156 independent living units, 200 assisted living units and 70 memory care units. The properties were built between 2017 and 2022.  A Southeast-based developer sold the portfolio to a publicly traded REIT for an undisclosed price. Daniel Geraghty, Bradley Clousing, Jeff Binder and Jason Punzel of Illinois-based SLIB represented the seller in the transaction. 

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Alders-Magnolia_Magnolia-Texas
AcquisitionsActive AdultNewsTexas

Berkadia Brokers Sale of 184-Unit Active Adult Community in Texas

by Hayden Spiess

MAGNOLIA, Texas — Berkadia has brokered the sale of Alders Magnolia, an active adult community located in Magnolia, roughly 40 miles northwest of Houston. Aspens Senior Living acquired the community from Capitol Seniors Housing for an undisclosed price.  Built in 2021, the property totals 184 units. Amenities at the community include a heated pool, spa, theater, fitness center, demonstration kitchen, coffee bar, private wine lockers, a putting green, bocce ball court and lounge.  Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia represented Capitol Seniors Housing in the transaction. 

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Long-Island-Property
AcquisitionsAssisted LivingMemory CareNew YorkNews

Atria Senior Living Acquires Two Communities on Long Island

by Hayden Spiess

LEVITTOWN and PATCHOGUE, N.Y. — Atria Senior Living, in partnership with Fundamental Advisors and Scribner Capital, has acquired two assisted living and memory care communities located on Long Island.  D&F Development Group sold the properties, which include Village Green in Levittown and Village Walk in Patchogue, for an undisclosed price. Charley Bissell, Ryan Stoll and Taylor Mokris of BWE Investment Sales represented the seller in the transaction.  Built in 2020, Village Green features 57 assisted living units and 46 memory care units. Village Walk was completed in 2018 and totals 146 …

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The-Commons-on-Thornton_Stockton-Calif
AcquisitionsAssisted LivingCaliforniaMemory CareNews

MBK Senior Living Sells Two California Communities Totaling 198 Units

by Hayden Spiess

MANTECA and STOCKTON, Calif. — MBK Senior Living has sold two communities totaling 198 units in California.  Located in Manteca and Stockton, the portfolio includes The Commons at Union Ranch and The Commons on Thornton. Clarion Partners acquired the communities for an undisclosed price.  Built in 2004, The Commons on Thornton features 100 assisted living and memory care units. The property was 94 percent occupied at the time of sale. The Commons at Union Ranch was built in 2008 and comprises 98 assisted living and memory care units. The community was …

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