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Acquisitions

Mary-Hardesty-House_Berryville-Va
AcquisitionsAffordable HousingNewsVirginia

Greysteel Brokers $5.9M Sale of Affordable Seniors Housing Community in Virginia 

by Hayden Spiess

BERRYVILLE, Va. — Greysteel has brokered the $5.9 million sale of Mary Hardesty House, an affordable seniors housing community located in Berryville, roughly 65 miles northwest of Washington, D.C. Community Housing Partners was the buyer.  Totaling 60 units, the property was developed using low-income housing tax credit (LIHTC) financing and is engaged in a long-term affordable housing use agreement. Amenities at the property include a game room, social gathering area, fitness center, outdoor patio and grill and salon.  Fletcher Hultman, Justin Mazzamaro and Henry Mathies of Greysteel represented the seller, The …

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AcquisitionsAssisted LivingGeorgiaIndependent LivingMemory CareNews

SLIB Arranges Sale of 100-Unit Community in Georgia

by Hayden Spiess

LAGRANGE, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of LaGrange Heritage Senior Living, a 100-unit seniors housing community located in LaGrange.  Developed in 2021 on 14.1 acres, the property features independent living, assisted living and memory care residences.  A Georgia-based developer sold the community to a regional operator. The buyer, which has partnered with an institutional capital provider, plans to implement improved marketing efforts and complete the lease-up of the property.  Daniel Geraghty and Bradley Clousing of SLIB represented the seller in the transaction. 

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AcquisitionsActive AdultColoradoNews

Green Courte Partners Acquires 120-Unit Active Adult Community in Windsor, Colorado

by Hayden Spiess

WINDSOR, Colo. — Green Courte Partners (GCP) has acquired 55 Resort at Water Valley, an active adult community located in Windsor, roughly 60 miles north of Denver.  Situated within the Water Valley master-planned development, the property totals 120 units.  GCP purchased the community through its Green Courte Real Estate Partners VI LLC investment fund. This acquisition brings GCP’s national senior living portfolio to 3,300 units across 21 communities. 

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AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Blueprint Arranges Sale of 190-Unit Senior Living Community in Metro Philadelphia

by Hayden Spiess

KING OF PRUSSIA, Pa. — Blueprint has arranged the sale of a senior living community located in King of Prussia, roughly 20 miles northwest of Philadelphia.  Opened in 2021 and totaling 190 units, the property features assisted living and memory care residences.  According to Blueprint, the community was not stabilized at the time of sale. Alex Florea, Kevin Lukehart, Steve Thomes and Kory Buzin of Blueprint brokered the sale on behalf of the undisclosed seller, a private equity investor. 

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Shankh-Mitra
AcquisitionsCompany NewsNewsOhio

Welltower to Acquire Amica Senior Lifestyles Portfolio for C$4.6B

by Hayden Spiess

TOLEDO, Ohio — REIT Welltower Inc. is under contract to acquire a seniors housing portfolio located in Canada for C$4.6 billion ($3.2 billion). In addition to 38 ultra-luxury communities, the acquisition includes nine entitled development parcels. Ontario Teachers’ Pension Plan is the seller.  Located throughout neighborhoods in Toronto, Vancouver and Victoria, the communities include 31 in-place properties as well as seven communities under construction. Of the 31 in-place communities, 24 are stabilized, with seven recently opened properties still undergoing the lease-up process. The under-construction communities will be acquired upon the achievement …

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AcquisitionsMassachusettsNews

Diversified Healthcare Trust Closes $135M Portfolio Sale

by Hayden Spiess

NEWTON, Mass. — Diversified Healthcare Trust (DHC) has announced the closing of a $135 million portfolio sale.  Originally announced in September of last year, the sale involves the disposition of 18 triple-net leased senior living communities. Totaling 876 units, the properties are located across 10 states.  Brookdale Senior Living acquired the portfolio. Massachusetts-based DHC plans to use the proceeds from the transaction to pay down its senior secured notes due in January 2026.  “By divesting of these non-core assets, we are continuing to focus DHC’s portfolio on high-performing communities with significant …

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AcquisitionsAssisted LivingColoradoMemory CareNews

Affiliate of Meridian Acquires 127-Unit Assisted Living, Memory Care Community in Metro Denver

by Hayden Spiess

PARKER, Colo. — An affiliate of Meridian Senior Living LLC has acquired Pine Grove Crossing, a 127-unit assisted living and memory care community located in Parker, roughly 30 miles outside Denver.  JLL brokered the sale on behalf of the seller, a real estate private equity group. Meridian purchased and will operate the community on behalf of the buyer, an institutional investor.  Completed in 2018, the property features 100 assisted living and 27 memory care residences. Amenities at the community include shuttle bus excursions, private transportation services, a beauty salon and barbershop, …

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AcquisitionsCompany NewsNew YorkNewsUtah

Apollo Agrees to Acquire Bridge Investment Group for $1.5B

by Hayden Spiess

NEW YORK CITY AND SALT LAKE CITY — Global alternative asset manager and private equity firm Apollo (NYSE: APO) has entered into an agreement to acquire Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion. The deal is expected to close in the third quarter. Upon completion of the transaction, Bridge will operate as a privately held company, and shares of Bridge common stock will no longer be listed on the New York Stock Exchange. Bridge was ranked No. 21 on the American …

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AcquisitionsAssisted LivingMemory CareNew JerseyNews

JLL Arranges Sale of 88-Unit Assisted Living, Memory Care Property in New Jersey

by Hayden Spiess

FRANLIN LAKES, N.J. — JLL Capital Markets has arranged the sale of Sunrise of Franklin Lakes, an 88-unit assisted living and memory care property located in Franklin Lakes, roughly 30 miles northwest of New York City.  Developed in 2021, the community comprises a two-story building with 51 assisted living and 37 memory care residences. Assisted living offerings at the property include studio, one- and two-bedroom apartments, and memory care units are available in private or and semi-private configurations. Amenities at the community include activity rooms and social areas, a bistro, theater, …

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AcquisitionsIndependent LivingMemory CareMinnesotaNewsSkilled Nursing

Vivie Adds Northfield Retirement Community to Portfolio 

by Hayden Spiess

NORTHFIELD, Minn. — Vivie has acquired Northfield Retirement Community in Northfield. Opened in 1969, the community offers a full continuum of care, including independent living, assisted living, memory care, skilled nursing and rehabilitation. Vivie’s portfolio comprises 34 communities, as well as several home health and hospice offices. In addition to its senior living communities, Vivie — formerly Knute Nelson and Walker Methodist — provides home health care, care management, rehabilitation and hospice across Minnesota, North Dakota and Wisconsin.

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