WESTLAKE VILLAGE, Calif. — LTC Properties (NYSE: LTC) has completed the $40 million acquisition of a senior living community located in Wisconsin, adding the property to its senior housing operating portfolio (SHOP). Health Dimensions Group (HDG) operates the community, which totals 147 independent living, assisted living and memory care units. HDG is a new operating partner for LTC. LTC first launched its SHOP platform in May 2025. According to the company, LTC plans to complete an additional $95 million in SHOP acquisitions within the next month.
COVINGTON, La. — Blueprint has arranged the sale of Sage Lake Senior Living of Covington, an assisted living and memory care community located approximately 40 miles outside New Orleans. Opened in 2019, the community comprises 82 units. According to Blueprint, the property achieved a trailing twelve-month operating margin of 33.4 percent at the time of marketing. Brooks Blackmon, Amy Sitzman, Lauren Nagle, Jake Rice and Harry Porter of Blueprint brokered the transaction on behalf of the undisclosed seller.
LA MESA, Calif. — Marcus & Millichap has brokered the $12.5 million sale of Guava Gardens, an affordable seniors housing community located in La Mesa. Los Angeles-based Positive Investments was the buyer. Built in 1986, the property totals 81 units, with 40 studio apartments and 41 one-bedroom apartments. Residences are reserved for seniors age 62 and older. Amenities at the community include a swimming pool, spa, recreation room, outdoor gathering areas, laundry facilities and dedicated parking. Christopher Zorbas, Graeme Henderson and Austin Huffman of Marcus & Millichap represented the undisclosed seller …
WASHINGTON, D.C. — Capitol Seniors Housing (CSH) has completed the sale of a four-property seniors housing portfolio located in New Jersey, Pennsylvania and metro Chicago. Welltower acquired the communities for an undisclosed price. Two of the properties are situated in the Chicago metropolitan area, with one community located in Exton, Pennsylvania, and another community located in Marlton, New Jersey. According to CSH, the company has now surpassed $1 billion in sales of senior living communities developed by the firm. CSH was founded in 2003 by former Sunrise Senior Living executives Scott …
TAMPA, Fla. — Continuum Advisors has brokered the sale of Arbor Terrace Citrus Park Independent Living, a 139-unit community located in Tampa. Developed in 2019 on nine acres, the property comprises 172,090 square feet. Chancey Architecture and Interior Design designed the community, which was developed by BRW Development Partners, Chancey Development and Rookis Development, in collaboration with The Arbor Co. David Kliewer and Jay Jordan of Continuum arranged the transaction. The undisclosed buyer will retain The Arbor Co. as the operator.
ROANOKE, BEDFORD and DANVILLE, Va. — Marcus & Millichap has brokered the sale of a three-property seniors housing portfolio in Virginia. Located in Roanoke, Bedford and Danville, the portfolio totals 167 units and 295 licensed beds. Justin Knapp and Joseph Knapp of Marcus & Millichap represented the seller in the transaction. Brian Hosey, Marcus & Millichap’s broker of record in Virginia, assisted in the sale.
OCEANSIDE, N.Y. — Sunrise Senior Living has acquired a development site situated on Long Island in Oceanside for $7.5 million. Kelly Koukou of Lee & Associates represented Sunrise in the acquisition. Marlon Matza of Strategic Realty Advisors represented the sellers, Grossman Nurseries and Breslin Development. The parties originally signed a purchase contract in 2017, but entitlement complications delayed the closing of the acquisition. Sunrise plans to develop a 77,400-square-foot assisted living and memory care community on the property. Upon completion, the community will feature 84 units. A construction timeline was not …
SAN DIEGO COUNTY, Calif. — The Knapp-Stahler Group of Marcus & Millichap has brokered the sale of a memory care campus located in San Diego County. Developed in 2002, the property comprises seven buildings, with more than 55 units licensed for over 85 residents. The community was operating with negative net operating income (NOI) at the time of sale. An undisclosed, all-cash buyer acquired the community for roughly $170,000 per unit. A publicly traded REIT was the seller. Nick Stahler, Justin Knapp, Michael Mooney and Hap Knowles of The Knapp-Stahler Group …
WELLINGTON, Fla. — Health Wave Partners has acquired Alamar Senior Living, a 134-unit assisted living and memory care community in Wellington. The property was 96 percent occupied at the time of sale. AgeWell Senior Living will continue to manage the property on behalf of Health Wave. Amenities at the community include a fitness center, movie theater, beauty salon, bistro, billiards room, dog park and secure memory care courtyard. An improvement program was recently implemented at the property, including renovations to resident units, common areas, furnishings and outdoor amenities. “Alamar is an …
INDIANAPOLIS — Gardant Management Solutions has acquired a community totaling roughly 100 units in Indianapolis. The campus features more than 80 assisted living apartments and more than 20 memory care units. Ryan Saul, Dan Geraghty and Bradley Clousing of Senior Living Investment Brokerage arranged the transaction on behalf of the seller.