Acquisitions

Hearthwood-Senior-Living_Bartlett-Ill
AcquisitionsFinanceIllinoisNews

Focus Healthcare Partners Receives Acquisition Financing for 293-Unit Community in Metro Chicago

by Hayden Spiess

BARTLETT, Ill. — Focus Healthcare Partners has received financing for the acquisition and repositioning of Hearthwood Senior Living, a 293-unit senior living community located in Bartlett, roughly 40 miles northwest of downtown Chicago.  Ryan Stoll and Taylor Mokris of BWE arranged the $37 million non-recourse financing on behalf of Focus, which will use the funds to lever its previously all-cash acquisition of the property as well as more than $15 million in capital improvements. Focus plans to refresh the lobby and amenity area and add a bistro, modern theater and new …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsTexas

Touchmark Acquires Community in Georgetown, Texas

by Hayden Spiess

GEORGETOWN, Texas — Touchmark has acquired a senior living community located in Georgetown. Touchmark will rebrand the property, which was formerly known as The Hacienda at Georgetown, as Touchmark at Georgetown.  Situated roughly 40 miles north of Austin, the community features independent living, assisted living and memory care options.  Headquartered in Oregon, Touchmark develops, owns and operates properties with a full continuum of care. With this acquisition, Touchmark’s portfolio comprises 16 communities across the U.S. and Canada. 

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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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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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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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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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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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