Acquisitions

Colorado-Portfolio
AcquisitionsAssisted LivingColoradoNewsSkilled Nursing

SLIB Arranges Sale of Skilled Nursing, Assisted Living Portfolio in Colorado

by Hayden Spiess

FORT COLLINS and WINDSOR, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado.  Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings.  A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Rivertown-Ridge_Wyoming-Mich
AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareMichiganNews

Berkadia Arranges Sale, Financing of 152-Unit Senior Living Property in Michigan

by Hayden Spiess

WYOMING, Mich. — Berkadia has brokered the sale of Rivertown Ridge, a senior living property located in Wyoming, a suburb of Grand Rapids.  Built in 2020, the community features 152 units and offers independent living, assisted living and memory care.  CPF Living is the buyer, and its wholly owned management company, Grace Management, will operate the property on behalf of CPF. Redstone Homes, the seller, developed the property and assumed operation of the community in 2023. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia arranged the sale on …

Continue Reading
0 FacebookTwitterLinkedinEmail
Outlook Hamilton
AcquisitionsActive AdultIndianaNews

Middle Street Partners Acquires 172-Unit Active Adult Community Near Indianapolis 

by Hayden Spiess

NOBLESVILLE, Ind. — Middle Street Partners has acquired Outlook Hamilton, an active adult community located in Noblesville, roughly 20 miles northeast of Indianapolis.  Totaling 172 units, the property marks the second active adult acquisition for Middle Street this year. In July, Middle Street completed the purchase of Elate Royal Oaks, an active adult community located in Houston.  “We’re excited about our recent acquisitions and the continued opportunities emerging in the Active Adult sector,” says Chris McGuffin, managing director of Middle Street. “Historically, the primary risk in this space was oversupply, but …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingMemory CareMissouriNews

SLIB Arranges Sale of Seven-Property Portfolio in Missouri

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care portfolio located in the state of Missouri. The portfolio comprises seven properties built between 2014 and 2020.  An undisclosed real estate investment firm was the buyer. An East Coast-based operator will manage the properties on behalf of the buyer.  Ryan Saul, Jeff Binder and Bradley Clousing of Illinois-based SLIB brokered the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Wilshire-Senior-Living_Burleson-Texas
AcquisitionsNewsTexas

Sagora Senior Living Acquires 100-Unit Community in Dallas-Fort Worth Metro

by Hayden Spiess

BURLESON, Texas — Sagora Senior Living has acquired Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth.  Situated on 25 acres, the property comprises four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which was opened in 2021, also features assisted living and memory care units. Amenities at the property include a theater room, billiards area and full-service salon.  The seller and sales price were not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Senior-Living-Community_Ocean-Springs-Miss
AcquisitionsAssisted LivingIndependent LivingMemory CareMississippiNews

SLIB Arranges Sale of 140-Unit Community on Mississippi Gulf Coast

by Hayden Spiess

OCEAN SPRINGS, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast.  Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale.  The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Berkadia Brokers Sale of 156-Unit Community in Central Florida

by Hayden Spiess

LAKELAND, Fla. — Berkadia has brokered the sale of a 156-unit senior living community located in Lakeland in central Florida.  A Florida-based family office purchased the property, which features independent living, assisted living and memory care residences. The seller was a Tampa-based real estate investment group.  Brooks Minford of Berkadia represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Skilled-Nursing-Facility_Virginia
AcquisitionsNewsSkilled NursingVirginia

Blueprint Brokers Sale of 570-Bed Skilled Nursing Portfolio in Virginia

by Hayden Spiess

CHICAGO — Blueprint has brokered the sale of a skilled nursing portfolio totaling 570 beds in Virginia. Three of the four properties were originally constructed in the 1970s. The other facility was developed in 2005.  Michael Segal, Jacob Gehl, Ryan Chase, Daniel Waldhorn and Dillon Rudy of Blueprint arranged the transaction on behalf of the seller, a REIT.  Blueprint’s marketing process initially drew 14offers from potential buyers. A New York-based owner and operator was selected as the buyer after several rounds of bidding. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Lena-Wong-Hammond
AcquisitionsNewsWest Virginia

Lument Securities Arranges $60M Sale of Four Long-Term Care Facilities in West Virginia

by Hayden Spiess

WEST VIRGINIA — Lument Securities has brokered the sale of four state-owned long-term care communities totaling 511 beds in West Virginia to Marx Development Group (MDG) for $60 million. Majestic Care, a subsidiary of MDG, is taking over operations at the communities in the wake of the transaction, which closed on Oct. 31. The sale includes the Hopemont Hospital in Terra Alta, Jackie Withrow Hospital in Beckley, John Manchin Sr. Health Care Center in Fairmont and Lakin Hospital in West Columbia.  MDG has committed an additional $80 million to major investments …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cypress-Court_San-Diego
AcquisitionsAssisted LivingCaliforniaIndependent LivingNews

Azure Partners Acquires 148-Unit Community in San Diego

by Hayden Spiess

SAN DIEGO — Azure Partners has acquired Cypress Court, a senior living community located in San Diego.  Totaling 148 units, the property features 76 independent living and 72 assisted living residences. Kisco Senior Living sold the community for an undisclosed price. JLL Capital Markets brokered the transaction on behalf of the seller. JLL also secured a 10-year acquisition loan through Freddie Mac on behalf of Azure.  “Azure is very excited about the acquisition of Cypress Court as our entrance into seniors housing, and we aim to rapidly expand our portfolio in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts