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.
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 …
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.
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 …
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 …
FREDERICKSBURG, Texas and SAN ANTONIO — Juniper Communities has acquired two Texas communities. The properties include Poet’s Walk in San Antonio and The Villages of Windcrest in Fredericksburg. In addition to owning the communities, Juniper will operate them moving forward. Poet’s Walk totals 70 memory care units, and The Villages of Windcrest features 57 assisted living apartments and 24 memory care apartments. Juniper currently operates 28 senior living communities in New Jersey, Pennsylvania, Delaware, Texas and Colorado.
DULUTH, Ga. — Dominium has acquired Sweetwater Terraces, a 165-unit senior living community located in Duluth, about 30 miles northeast of downtown Atlanta. Dominium plans to resyndicate the property in the fourth quarter of this year, preserving the community’s affordable housing status. As part of the resyndication, the community will undergo a $9.9 million renovation. The property was originally developed in 2008 using four-percent low-income housing tax credits and tax-exempt bond financing.
POMPANO BEACH, Fla. —DeMarco Real Estate Group of REMAX 5 Star Realty has brokered the $17.9 million sale of The Residence at Pompano Beach, an assisted living property located in Pompano Beach. Totaling 205 beds, the community offers memory care, rehabilitation and skilled nursing services, in addition to assisted living. The facility totals 61,116 square feet situated on 2.84 acres. John DeMarco of the DeMarco Real Estate Group represented both the buyer and seller in the transaction. The buyer is a local private investor. “Seniors housing assets continue to attract strong …
WEST BLOOMFIELD, Mich. — Blueprint has arranged the sale of a 52-unit assisted living and memory care community located in West Bloomfield in metro Detroit. Originally constructed in 2000, the property was acquired in an all-cash transaction. Lauren Nagle, Michael Segal and Daniel Waldhorn of Blueprint brokered the sale on behalf of the seller.
LYNNWOOD, Wash. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a senior living community located in Lynnwood, roughly 16 miles north of Seattle. Situated on 4.4 acres, the property totals 182 units. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard. Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded …
