Acquisitions

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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The-Grand-Spokane
AcquisitionsNewsWashington

Clarion Acquires 137-Unit Luxury Community in Spokane

by Hayden Spiess

SPOKANE, Wash. — Clarion Partners has acquired The Grand at Spokane, a 137-unit luxury senior living community located in Spokane.  Delivered in 2024 by developer NexCore Group, the property features independent living, assisted living and memory care.  Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion.  “The Grand at Spokane exemplifies the type of asset we seek on behalf of our investors — new construction, located in a supply-constrained market, and operated by a best-in-class partner with a proven track record,” says Julie Robinson, …

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Georgia-South-Carolina-Portfolio
AcquisitionsAssisted LivingIllinoisMemory CareNews

SLIB Arranges Sale of 13-Property Portfolio in Georgia, South Carolina

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a senior living portfolio totaling 13 properties in Georgia and South Carolina. Built between 1989 and 2014, the communities total 672 units, with 492 assisted living units and 180 memory care units.  SLIB represented the undisclosed seller in the transaction A Southeast-based operator acquired the portfolio for an undisclosed price. The buyer plans to implement a repositioning strategy to stabilize the assets.  Brad Clousing, Dan Geraghty and Jeff Binder of SLIB negotiated the transaction. 

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AcquisitionsNews

Harbert Management Corp. Sells Five-Property Portfolio 

by Hayden Spiess

BIRMINGHAM, Ala. — Harbert Management Corp. (HMC) has sold a portfolio of five senior living properties located across four states. The exact locations and property names were not disclosed.  Amenities at the communities, which HMC acquired or developed between 2017 and 2023, include fitness centers, salons, swimming pools and restaurant-style dining.  “We are proud to have built, developed and exited a portfolio of high-quality seniors housing properties that exemplifies our focus on geographic diversification across markets and high operational performance,” says Brian Landrum, senior managing director and co-fund manager for HMC’s …

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AcquisitionsCaliforniaMemory CareNews

Calson Sells Two California Communities to Kalesta Healthcare for $24.3M

by Hayden Spiess

MENLO PARK and SUNNYVALE, Calif. — Calson Management has sold two senior living communities located in California to Kalesta Healthcare. Kalesta acquired the properties for $24.3 million.  The communities — Silver Oaks Memory Care and Crescent Oaks Memory Care — are located in Melo Park and Sunnyvale, respectively. Calson originally acquired the properties as value-add opportunities.  Last year, Calson secured HUD financing for the properties. Grant Goodman, founder of G Capital, arranged the financing.  Anita Zerounian of Hanson Bridgett represented the buyer in the acquisition. Kevin Kinigstein of Cox Castle represented …

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