Acquisitions

Hyde-Park_Tampa-Fla
AcquisitionsFloridaNew JerseyNews

Foundry, AEW Acquire Two Communities in Florida, New Jersey 

by Hayden Spiess

HARRINGTON PARK, N.J. and TAMPA, Fla. — Foundry Commercial, with institutional capital partner AEW, has acquired two senior living communities. The properties include Allegro Harrington Park roughly 20 miles north of New York City in Harrington Park, New Jersey, and Allegro Hyde Park, a community located in Tampa’s Hyde Park neighborhood. Allegro Living, Foundry Commercial’s wholly owned senior living management platform, operated the communities prior to the acquisition and will continue to serve as the operator.  Delivered in 2021, Allegro Harrington Park features 173 units and a full continuum of care. …

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AcquisitionsMichiganNews

Marcus & Millichap Brokers $7.3M Sale of Portfolio in Southern Michigan

by Hayden Spiess

COLDWATER and HILLSDALE, Mich. — Marcus & Millichap has brokered the $7.3 million sale of a three-campus seniors housing portfolio located in southern Michigan.  Totaling 100 beds, Drews Place is located in Hillsdale and Coldwater.  Jim Knapp of Marcus & Millichap arranged the sale on behalf of the undisclosed seller.  “The new owner sees Drews Place as an opportunity to grow their presence in the seniors housing sector,” says Knapp. “In rural and small-town markets, we continue to see opportunities for operators to fill gaps in seniors housing and care services …

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River Glen -St. Charles
AcquisitionsAssisted LivingIllinoisIndependent LivingMemory CareNews

Citrine Investment Group Sells 106-Unit Community in Metro Chicago

by Hayden Spiess

ST. CHARLES, Ill. — Citrine Investment Group has sold River Glen of St. Charles, a senior living community located in St. Charles, about 45 miles west of Chicago.  Citrine acquired the property, which totals 106 units, in January 2023. The community includes independent living, assisted living and memory care residences.  Under Citrine’s ownership, River Glen of St. Charles transitioned from an entrance-fee structure to a market-rate rental model. Citrine also invested in strategic capital improvements throughout the community.  “River Glen benefited from Citrine having the conviction to take on the entrance …

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AcquisitionsAssisted LivingFinanceGeorgiaIndependent LivingMemory CareNews

JLL Arranges $21M Acquisition Financing for Community in Metro Atlanta

by Hayden Spiess

STOCKBRIDGE, Ga. — JLL Capital Markets has arranged $21 million in financing for the acquisition of a senior living community located in Stockbridge, roughly 20 miles southeast of downtown Atlanta. An entity doing business as 1031 CF Properties is the borrower.  Old Second National Bank provided the loan.  Built in 2022, the property, Oaks at Eagle’s Landing, totals 122 units, with independent living, assisted living and memory care residences. Amenities at the community include a fitness center, library, salon, bar, art studio, game room, cards and billiard room, movie theater, courtyard, …

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MorningStar-Canyons_Las-Vegas
AcquisitionsNevadaNews

Confluent Development, Ovation Group Sell 168-Unit Las Vegas Community

by Hayden Spiess

LAS VEGAS — A joint venture between Confluent Development and Ovation Group has sold MorningStar at The Canyons, a seniors housing community located in Las Vegas.  Confluent and Ovation co-developed the property, which totals 168 units, with MorningStar Senior Living. Delivered in 2024, the community features independent living, assisted living and memory care units in studio, one- and two-bedroom layouts.  Amenities at MorningStar at The Canyons include multiple dining venues, a salon and spa, theater, fitness center and swimming pool, as well as walking paths, a central courtyard and outdoor dining areas.  …

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Residence-at-Glastonbury
AcquisitionsAssisted LivingConnecticutMemory CareNews

Cushman & Wakefield Brokers Sale of 135-Unit Community in Central Connecticut

by Hayden Spiess

GLASTONBURY, Conn. — Cushman & Wakefield has brokered the sale of The Residence at Glastonbury, a 135-unit seniors housing community located in Glastonbury.  American Healthcare REIT acquired the property for an undisclosed price. LCB Senior Living will continue to operate the community on behalf of the new ownership.  The property features assisted living and memory care units.  Joshua Jandris, Brett Gardner, Jason Skalko and Robert Bracci of Cushman & Wakefield arranged the sale. 

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Watermark-Almaden_San-Jose-Calif
AcquisitionsCaliforniaNews

Affinius Capital, Alliance Residential Sell 545-Unit Northern California Portfolio

by Hayden Spiess

ROSEVILLE and SAN JOSE, Calif. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California.  The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021.  Amenities at …

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AcquisitionsCCRCIndianaNews

Ziegler Advises on Sale of 346-Unit CCRC in Northeast Indiana

by Hayden Spiess

FORT WAYNE, Ind. — Specialty investment bank Ziegler has announced the closing of the sale of The Village at Anthony Boulevard, a continuing care retirement community (CCRC) located in Fort Wayne. Ziegler served as the exclusive financial adviser to the seller, Lutheran Life Villages (LLV).  Casa Consulting, a seniors housing operator, acquired the property for an undisclosed price.  Ziegler began working with LLV in 2025 to assess the future of the CCRC, according to a release issued by the firm. 

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AcquisitionsAssisted LivingMemory CareNebraskaNews

Cozad Community Health System Sells 49-Unit Community in Central Nebraska

by Hayden Spiess

COZAD, Neb. — Cozad Community Health System has sold Meadowlark Pointe, an assisted living and memory care community located in Cozad. The buyer and sales price were not disclosed.  Built in 2006 and renovated in 2019, the property totals 49 units.  Bill Janis, Justin Valle, Jeff Rhodes and Cullen Nguyen of Decker Healthcare Group arranged the transaction.  According to a press release issued by Decker, the facility was “operating below its potential and generating negative cash flow” at the time of sale, “creating a compelling value-add opportunity.” 

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Lakewood-Reserve-Senior-Living_Lakewood-Colo
AcquisitionsAssisted LivingColoradoMemory CareNews

BWEIS Arranges Sale of 137-Unit Community in Metro Denver

by Hayden Spiess

LAKEWOOD, Colo. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver.  BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living.  The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor …

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