Acquisitions

Community_Brentwood-Tenn
AcquisitionsAssisted LivingMemory CareNewsTennessee

SLIB Negotiates Sale of 100-Unit Community in Metro Nashville

by Hayden Spiess

BRENTWOOD, Tenn. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of a 100-unit assisted living and memory care community located in Brentwood, 10 miles south of downtown Nashville.  Opened in 2022, the property is situated on 6.6 acres and was acquired by an undisclosed REIT. The current operator will remain in place. According to SLIB, 12 offers were submitted throughout the bidding process. Bradley Clousing and Daniel Geraghty of SLIB brokered the sale on behalf of the seller, a Texas-based developer and East Coast-based capital provider. 

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Kauhale-Otsego_Otsego-Mich
AcquisitionsAssisted LivingMemory CareMichiganNews

SLIB Arranges $10.6M Sale of Assisted Living, Memory Care Community Near Kalamazoo

by Hayden Spiess

OTSEGO, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the $10.6 million sale of Kauhale Otsego, an assisted living and memory care community located in Otsego, roughly 10 miles north of Kalamazoo and 40 miles south of Grand Rapids.  Constructed in 2016, the property totals 52 units. According to SLIB, the community was 86 percent occupied at the time of sale.  A regional owner acquired Kauhale Otsego from an undisclosed owner and operator. Daniel Geraghty, Bradley Clousing and Matthew Alley of SLIB brokered the transaction on behalf of the seller. 

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Morningstar-Happy0Valley_Portland, Ore
AcquisitionsAssisted LivingMemory CareNewsOregon

Harrison Street Acquires 87-Unit Assisted Living, Memory Community in Portland, Oregon

by Hayden Spiess

PORTLAND, Ore. — Harrison Street has acquired Morningstar at Happy Valley, an 87-unit assisted living and memory care community located in Portland.  Built in 2019, the property features 61 assisted living units and 26 private memory care units. Moving forward, the community will be rebranded as The Springs at Sunnyside, and The Springs Living will operate the property.  Amenities at the community include a 24-hour bistro, chapel, theater, library, general store, massage room, courtyards, a barbecue and fire pit, beauty salon, fitness room and raised garden beds.  Jay Wagner, Rick Swartz, …

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NIC-Top-Markets
AcquisitionsNewsNorth Carolina

NIC MAP Identifies Top Markets of 2025 for Seniors Housing Transactions

by Hayden Spiess

RALEIGH, N.C. — NIC MAP, the data platform of the National Investment Center for Seniors Housing & Care, has released its list of the top markets for seniors housing transactions of 2025. The list is based on data from the first three quarters of this year.  According to NIC MAO, the top ten metros for seniors housing investments included, in order, New York City; Phoenix; Miami;  Dallas; Minneapolis; Seattle; Milwaukee; Houston; Nashville, Tennessee; and Boston. The New York City metro saw $766 million in transaction volume, with 13 properties sold. Phoenix and …

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AcquisitionsAssisted LivingGeorgiaMemory CareNews

Berkadia Arranges Sale of 73-Unit Assisted Living, Memory Care Community in Metro Atlanta

by Hayden Spiess

DECATUR, Ga. — Berkadia has arranged the sale of Benton House Decatur, an assisted living and memory care community located in Decatur, approximately 10 miles northeast of downtown Atlanta. Principal Senior Living Group — a Georgia-based developer, owner and operator — sold the community to an undisclosed buyer.  The community was fully occupied at the time of sale.  Moving forward, the property, which totals 73 units, will be rebranded as The Retreat at Decatur. Phoenix Senior Living will operate the community on behalf of the new ownership.  Ross Sanders, Dave Fasano, Cody …

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AcquisitionsAssisted LivingKansasNews

Midwest Health Acquires 15-Property Assisted Living Portfolio in Kansas

by Hayden Spiess

TOPEKA, Kan. — Senior living provider Midwest Health Inc. has completed the acquisition of an assisted living portfolio totaling 15 properties in Kansas.  Together, the newly acquired properties total roughly 600 units. The communities are located in Atchison, Baldwin City, Gardner, Hiawatha, Holton, Lenexa, Louisburg, Osage City, Osawatomie, Ottawa, Overland Park, Paola, Tonganoxie, Wamego and Wichita. Previously operated under the Vintage Park brand, the communities will now operate under the Homestead Assisted Living banner.  Founded in 1977, Midwest Health is based in Topeka with a portfolio of more than 100 properties …

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American-House-Bluewater-Bay
AcquisitionsFloridaIndependent LivingNews

Berkadia Brokers Sale of 94-Unit Independent Living Community Near Destin, Florida

by Hayden Spiess

NICEVILLE, Fla. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin. Built in 2-15, the community was more than 95 percent occupied at the time of sale.  Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership. 

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Community_Anniston-Ala
AcquisitionsAlabamaAssisted LivingMemory CareNews

SLIB Arranges Sale of Recently Renovated Community in Alabama

by Hayden Spiess

ANNISTON, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a senior living community located in Anniston. Situated on 7.5 acres, the property features assisted living and memory care units.  A publicly traded REIT acquired the community from a Southeast-based owner exiting the industry. The property underwent a full interior renovation this year.  Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller. 

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AcquisitionsAssisted LivingFloridaMemory CareNews

Blueprint Brokers Sale of 145-Unit Senior Living Property in Boca Raton

by Hayden Spiess

BOCA RATON, Fla.  — Blueprint has brokered the sale of a 145-unit assisted living and memory care property located in Boca Raton in South Florida.  A South Florida-based developer acquired the property, The Atrium at Boca Raton, for an undisclosed price. The property was above 90 percent occupancy as of 2024, according to Blueprint. Operator Gold Standard of Care will partner with the buyer to guide operations and growth at the community.  Ben Firestone, Jacob Gehl and Dillon Rudy of Blueprint represented the seller in the transaction. 

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AcquisitionsColoradoNews

Morgan Stanley Acquires $305M Seniors Housing Portfolio

by Hayden Spiess

DENVER — Investment funds managed by Morgan Stanley Real Estate Investing (MSREI) have acquired a seniors housing portfolio for $305 million. Kayne Anderson was the seller. Totaling 463 units, the portfolio features three communities located near Denver.  “We are pleased to acquire this high-quality portfolio of seniors housing communities, which has demonstrated strong historical performance,” says Will Milam, head of U.S. investments at MSREI.  “As people age, their real estate needs evolve, and as the first Baby Boomers are turning 80 this year, demand for senior housing is rising rapidly. We expect …

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