Tuesday, December 24, 2024
Read the Magazine Subscribe

Acquisitions

Seniors-Housing-Facility_Manalapan-Township-N.J
AcquisitionsAssisted LivingMemory CareNew JerseyNews

Blueprint Arranges Sale of 60-Unit Assisted Living, Memory Care Facility in New Jersey

by Hayden Spiess

MANALAPAN TOWNSHIP, N.J. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a Class A seniors housing facility located in Manalapan Township, roughly 45 miles outside New York City. Delivered in 2022, the community includes 60 residences and features both assisted living and memory care units. Ben Firestone, Steve Thomes and Kory Buzin of Blueprint represented the New Jersey-based seller in the transaction.  Springpoint, the tenant in place at the property, acquired the community for an undisclosed price. According to Blueprint, the facility experienced occupancy issues during its first …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingIllinoisIndependent LivingMemory CareNews

Chicago Pacific Founders Sells Seniors Housing Portfolio to Ventas For $725M

by Channing Hamilton

CHICAGO — Chicago Pacific Founders has sold a 20-property seniors housing portfolio to Ventas for $725 million. JLL brokered the all-cash transaction. The portfolio comprises communities in the Sun Belt, Northeast and Midwest markets. Roughly two-thirds of the properties are independent living communities, with the remainder of the assets falling into the categories of assisted living and memory care. The communities are spread across 14 states including Alabama, Arizona, Florida, Illinois, Kansas, Maine, Michigan, Nevada, New York, Ohio, Oklahoma, South Carolina, Tennessee and Texas. Chicago Pacific Founders owned the portfolio properties in …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Lodge at Greeley in Greeley, Colorado
AcquisitionsAssisted LivingColoradoIndependent LivingMemory CareNews

JLL Brokers $30M Sale of Colorado Seniors Housing Portfolio 

by Channing Hamilton

GRAND JUNCTION AND GREELEY, Colo. — JLL has brokered the $30 million sale of a seniors housing portfolio located in Colorado. The portfolio comprises two private pay communities — The Lodge at Greeley and The Lodge at Grand Junction — totaling 140 units. Bow River Capital sold the properties to an undisclosed buyer. JLL Capital Markets represented the seller in the transaction.  Delivered in 2020, The Lodge at Greeley in Greeley offers 92 residences, with 20 independent living units, 48 assisted living units and 24 memory care units in studio and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cedar Sinai Park in Portland
AcquisitionsAssisted LivingNewsOregonSkilled Nursing

Cedar Sinai Park Sells 246-Unit Seniors Housing Campus in Portland, Oregon

by Channing Hamilton

PORTLAND, Ore. — Nonprofit Cedar Sinai Park has sold its namesake seniors housing campus totaling 246 units in southwest Portland. Situated within four miles of downtown Portland, the Cedar Sinai Park campus comprises Rose Schnitzer Manor, a 154-unit assisted living community; Robison Jewish Health Center, a 44-bed skilled nursing facility; and the Harold Schnitzer Center for Living, a 48-bed skilled nursing facility. Built in 2016, the Harold Schnitzer Center for Living also offers adult day care services. Rose Schnitzer Manor was constructed in 1998 and 2002, and Robison Jewish Health Center …

Continue Reading
0 FacebookTwitterLinkedinEmail
HarborChase Wellington Crossing in Wellington, Florida
AcquisitionsAssisted LivingFloridaMemory CareNews

JLL Capital Markets Brokers Sale of HarborChase Wellington Crossing in South Florida

by Channing Hamilton

WELLINGTON, Fla. — JLL Capital Markets has brokered the sale of HarborChase Wellington Crossing, a 134-unit, Class A seniors housing community in Wellington, located about 15 miles southwest of West Palm Beach. A partnership between Scarp Ridge Capital Partners and Walton Street Capital acquired the community and selected Agewell Solvere Living as the operator. The buyer has also rebranded the property, which now operates under the name Alamar Senior Living. The name of the seller was not disclosed. Completed in late 2018, HarborChase Wellington Crossing consists of 76 assisted living units and 58 memory care units. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gardens of Annapolis in Annapolis, Maryland
AcquisitionsActive AdultMarylandNews

Berkadia Arranges Sale of Active Adult Property in Annapolis, Maryland; Secures $17.4M in Financing

by Channing Hamilton

ANNAPOLIS, Md. — Berkadia Seniors Housing & Healthcare has brokered the sale of Gardens of Annapolis, an active adult community located in the upscale coastal city of Annapolis. The brokerage firm also secured $17.4 million in acquisition financing through Fannie Mae on behalf of the buyer, a joint venture between Corten Real Estate and Real Asset Industries. The seller was Crow Holdings, a Texas-based real estate investment and development firm.  The seven-year, fixed-rate acquisition loan provided to the joint venture features both an attractive interest rate and interest-only period, according to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Regency House Alexandria in Alexandria, Louisiana
AcquisitionsAssisted LivingLouisianaNewsSkilled Nursing

Blueprint Negotiates Sale of Assisted Living, Skilled Nursing Facility in Central Louisiana

by Channing Hamilton

ALEXANDRIA, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Central Louisiana’s Alexandria, which lies on the south bank of the Red River. The seller was a local owner-operator. The buyer was a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan. Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sonoma House Assisted Living in Carrollton, Texas
AcquisitionsAssisted LivingMemory CareNewsTexas

ESI Brokers $9.2M Sale of Sonoma House Assisted Living in Carrollton, Texas

by Channing Hamilton

CARROLLTON, Texas — Evans Senior Investments (ESI) has arranged the $9.2 million sale of Sonoma House Assisted Living, a 96-unit community in Carrollton, located about 20 miles northwest of Dallas. The buyer was Jaybird Senior Living, an owner-operator based in Cedar Rapids, Iowa. This acquisition marks the company’s first venture into the Texas market. Sonoma House had been a family-owned and operated nonprofit community since its establishment in 2014. Known for its residential-style environment, the community consists of 33 assisted living units and 63 memory care units spread across seven …

Continue Reading
0 FacebookTwitterLinkedinEmail
HarborChase of Wilmington in Wilmington, Delaware
AcquisitionsAssisted LivingDelawareMemory CareNews

JLL Brokers $45M Sale of Luxury Seniors Housing Community in Delaware

by Channing Hamilton

WILMINGTON, Del. — JLL Capital Markets has arranged the $45 million sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, roughly 30 miles southwest of Philadelphia. JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded real estate investment trust.  Originally constructed in 2018, HarborChase of Wilmington is one of the newest seniors housing communities in the state of Delaware and is the newest facility in its primary market by …

Continue Reading
0 FacebookTwitterLinkedinEmail
Stonehaven Assisted Living in Maumelle, Arkansas
AcquisitionsArkansasAssisted LivingNews

ESI Brokers Sale of Stonehaven Assisted Living in Maumelle, Arkansas

by Channing Hamilton

MAUMELLE, Ark. — Evans Senior Investments (ESI) has arranged the sale of Stonehaven Assisted Living, a 60-unit facility in Maumelle, an affluent community located about 17 miles northwest of Little Rock. ESI represented the seller, a national healthcare system, in the transaction. The sales price was undisclosed. The buyer was a private company that partnered with a Midwest-based operator, and the deal marked their second investment in Arkansas. Stonehaven, which opened in 2007, has long served both private pay and Medicaid residents. However, over the past year, Stonehaven faced some major difficulties, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts