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Acquisitions

Regency House Alexandria in Alexandria, Louisiana
AcquisitionsAssisted LivingLouisianaNewsSkilled Nursing

Blueprint Negotiates Sale of Assisted Living, Skilled Nursing Facility in Central Louisiana

by Channing Hamilton

ALEXANDRIA, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Central Louisiana’s Alexandria, which lies on the south bank of the Red River. The seller was a local owner-operator. The buyer was a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan. Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts …

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Sonoma House Assisted Living in Carrollton, Texas
AcquisitionsAssisted LivingMemory CareNewsTexas

ESI Brokers $9.2M Sale of Sonoma House Assisted Living in Carrollton, Texas

by Channing Hamilton

CARROLLTON, Texas — Evans Senior Investments (ESI) has arranged the $9.2 million sale of Sonoma House Assisted Living, a 96-unit community in Carrollton, located about 20 miles northwest of Dallas. The buyer was Jaybird Senior Living, an owner-operator based in Cedar Rapids, Iowa. This acquisition marks the company’s first venture into the Texas market. Sonoma House had been a family-owned and operated nonprofit community since its establishment in 2014. Known for its residential-style environment, the community consists of 33 assisted living units and 63 memory care units spread across seven …

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HarborChase of Wilmington in Wilmington, Delaware
AcquisitionsAssisted LivingDelawareMemory CareNews

JLL Brokers $45M Sale of Luxury Seniors Housing Community in Delaware

by Channing Hamilton

WILMINGTON, Del. — JLL Capital Markets has arranged the $45 million sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, roughly 30 miles southwest of Philadelphia. JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded real estate investment trust.  Originally constructed in 2018, HarborChase of Wilmington is one of the newest seniors housing communities in the state of Delaware and is the newest facility in its primary market by …

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Stonehaven Assisted Living in Maumelle, Arkansas
AcquisitionsArkansasAssisted LivingNews

ESI Brokers Sale of Stonehaven Assisted Living in Maumelle, Arkansas

by Channing Hamilton

MAUMELLE, Ark. — Evans Senior Investments (ESI) has arranged the sale of Stonehaven Assisted Living, a 60-unit facility in Maumelle, an affluent community located about 17 miles northwest of Little Rock. ESI represented the seller, a national healthcare system, in the transaction. The sales price was undisclosed. The buyer was a private company that partnered with a Midwest-based operator, and the deal marked their second investment in Arkansas. Stonehaven, which opened in 2007, has long served both private pay and Medicaid residents. However, over the past year, Stonehaven faced some major difficulties, …

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Memorial Gables in Marysville, Ohio
AcquisitionsNewsOhioSkilled Nursing

Senwell Brokers Sale of 112-Bed Skilled Nursing Facility in Marysville, Ohio

by Channing Hamilton

MARYSVILLE, Ohio — Senwell Senior Investment Advisors has brokered the sale of Memorial Gables, a 112-bed skilled nursing facility located in Marysville, approximately 34 miles northwest of Columbus in Union County. The buyer was an Ohio-based operator, which has more than 25 years of experience in Ohio’s senior care industry and operates numerous facilities across the state. Ohio. Union County was the seller of the facility, which had been operated as part of the Memorial Health system. Toledo, Ohio-based Senwell engaged more than 400 organizations nationally, with 68 signing non-disclosure …

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Morningstar at Ridgegate
AcquisitionsFrom The MagazineInvestment

Buyer, Seller Standoff Eases

by Jeff Shaw

By Bendix Anderson For more than two years, a persistent bid-ask spread between buyers and sellers of seniors housing has prevented many deals from getting done. Appraisers don’t expect a dramatic uptick in deal volume in the near term. “I’d love to see a big break in the dam, but at this point I expect more of a steady increase in the flow [of deals],” says Zach Bowyer, executive managing director and head of living sectors for Cushman & Wakefield, who is based in the firm’s Boston office. He is …

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AcquisitionsAssisted LivingCaliforniaIndependent LivingMemory CareNews

Senior Resource Group Acquires Fountainview at Gonda in Los Angeles, Renames Property

by Channing Hamilton

PLAYA VISTA, Calif. — Senior Resource Group (SRG), a developer and operator of luxury senior living communities, has assumed ownership and operation of Fountainview at Gonda in Playa Vista, a neighborhood in the Westside area of Los Angeles. The property was previously owned and operated by Los Angeles Jewish Health (LAJHealth). SRG is renaming the community Avocet Playa Vista. A continuing care retirement community, Avocet Playa Vista offers independent living, assisted living, memory care and integrated healthcare, including rehabilitative therapies. Residents own a long-term contract for care and services in a well-appointed private …

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AcquisitionsCaliforniaNews

IPA Arranges Sale of 102-Unit Senior Apartment Complex in Encinitas, California

by Channing Hamilton

ENCINITAS, Calif. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Encinitas Terrace Senior Apartments, a 102-unit complex for tenants age 55 and older in Encinitas. The seller was Jones-Brogan 2011 Charitable Remainder Trust, and the buyer was Property West Residential. The sales price was not disclosed. Built in 1987, Encinitas Terrace Senior Apartments is an eight-building, two-and three-story community with a heated swimming pool, adjacent shuffleboard court, two gazebos and a clubhouse with a full kitchen. The unit mix features 98 one-bedroom apartments with open …

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AcquisitionsNewsTennessee

Brookdale Senior Living Agrees to Acquire Three Portfolios Totaling 41 Properties for $610M

by Channing Hamilton

BRENTWOOD, Tenn. — Brookdale Senior Living (NYSE: BKD), an owner-operator based in the Nashville area, has entered into agreements to acquire three triple-net-leased seniors housing portfolios totaling 41 properties and 2,789 units. The combined purchase price is $610 million. Brookdale currently leases and operates the properties on triple-net bases. In explaining the move, company officials noted that by taking ownership of these communities, Brookdale will gain portfolio management flexibility that is not present in a leased structure, providing additional opportunities to further enhance shareholder value. “The immediate and long-term benefits …

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AcquisitionsAssisted LivingNewsSkilled NursingTennessee

ESI Brokers Sale of Mabry Health Care & Rehabilitation Center in Gainesboro, Tennessee

by Channing Hamilton

GAINESBORO, Tenn.— Evans Senior Investments (ESI) has arranged the sale of Mabry Health Care & Rehabilitation Center in Gainesboro, located about 88 miles east of Nashville. The transaction was executed on behalf of the seller, an independent owner-operator. The buyer was Strawberry Fields REIT in an off-market transaction. Mabry Health Care, a family-owned nursing home founded in 1979, has served the Gainesboro community for over four decades. Originally focused solely on skilled nursing care, the center expanded its services in 2005 to include assisted living. Today, the facility comprises 108 total …

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