Acquisitions

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AcquisitionsFloridaNews

Morgan Stanley Acquires 300-Unit AgeWell Portfolio in Florida

by Hayden Spiess

ORLANDO and TAMPA, Fla. — Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), has acquired a portfolio of two communities operated by AgeWell Senior Living in Florida — Sonata Lake Mary and the Preserve at Dunedin.  Totaling 300 independent living, assisted living and memory care units, the communities are located in the Orlando and Tampa metropolitan areas. AgeWell will continue to manage the properties on behalf of the new ownership.  The seller and sales price were not disclosed.  “This investment reflects our focus on high-quality …

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American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

by Hayden Spiess

IRVINE, Calif. —American Healthcare REIT Inc. (NYSE: AHR) has acquired eight seniors housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction.  While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor.  “This series of transactions is …

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AcquisitionsCaliforniaNews

American Healthcare REIT Acquires $572M Portfolio from Kensington Senior Living

by Hayden Spiess

IRVINE, Calif. — American Healthcare REIT has completed the $572 million acquisition of a 464-unit portfolio. Kensington Senior Living is the seller.  The properties, which are also operated by Kensington, are located in the major metros of Los Angeles, New York City, Washington, D.C., and the San Francisco Bay Area. The six-community portfolio is part of a broader, eight-community portfolio totaling 745 units. American Healthcare plans to acquire the remaining two properties, bringing the total purchase price for the eight communities to $873 million. According to a press release issued by …

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AcquisitionsMinnesotaNews

LTC Acquires 453-Unit SHOP Portfolio in Minnesota for $200M

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties has completed a $200 million seniors housing operating portfolio (SHOP) acquisition in Minnesota.  Totaling 453 units across four communities, the portfolio features independent living, assisted living and memory care units. The average age of the properties is nine years.  This acquisition brings LTC’s SHOP portfolio to 43 communities. California-based LTC first launched its SHOP portfolio, which now represents 38 percent of the company’s annualized net operating income, in May 2025.  Lifespark Senior Living, an existing operating partner of LTC, has assumed management of the newly …

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Virginia-Portfolio
AcquisitionsNewsVirginia

SLIB Arranges Five-Property Portfolio Sale in Virginia

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing portfolio located in Virginia.  Totaling 159 units across five assisted living properties, the portfolio is licensed for 267 beds.  Four of the communities are situated in northwest Virginia, with a fifth property in southwest Virginia. According to SLIB, most of the facilities were constructed in the 1990s.  Toby Siefert and Dave Balow of Illinois-based SLIB brokered the transaction. The seller was a local owner and operator retiring from the industry, and the buyer was a …

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AcquisitionsAssisted LivingKentuckyMemory CareNews

JLL Brokers Sale of 124-Unit Community in Lexington

by Hayden Spiess

LEXINGTON, Ky. — JLL Capital Markets has brokered the sale of Preston Greens Senior Living, a 124-unit assisted living and memory care community located in Lexington.  A partnership between Cedarhurst Senior Living and an undisclosed REIT acquired the property for an undisclosed price.  Opened in 2021, the 140-bed community was 95 percent occupied at the time of sale. Amenities at the property include multiple dining venues, a bistro and bar, fitness center, salon, therapy and massage rooms, an art studio, theater and landscaped outdoor areas including a courtyard, garden, dog park …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNebraskaNews

Agemark Senior Living Acquires, Rebrands Community in Omaha

by Hayden Spiess

OMAHA, Neb. — Agemark Senior Living has acquired Esprit Whispering Ridge, an assisted living and memory care community located in Omaha.  Agemark has rebranded the property as The Bellflower at Whispering Ridge. Along with its investment partner, Agemark plans to invest approximately $1.3 million in capital improvements at the community. Moving forward, The Bellflower will also offer independent living and “assisted living plus” units.  This acquisition brings Agemark’s Omaha portfolio to five communities totaling more than 450 units. 

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Monarch-Portfolio
AcquisitionsNews

Monarch Alternative Capital Sells Eight-Property Seniors Housing Portfolio

by Hayden Spiess

NEW YORK CITY — Investment firm Monarch Alternative Capital has sold a portfolio of eight seniors housing properties. Together, the communities comprise more than 1,100 units across a full continuum of care.  New York City-based Monarch began acquiring the properties in 2021. According to a press release issued by the firm, the acquisitions marked a strategic move to capitalize on “the disruption in the seniors housing industry caused by COVID-19.” Amidst the senior living industry’s post-pandemic recovery, Monarch began to explore opportunistic sales.  A combination of buyers, including a publicly traded …

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

Clarion Partners Acquires 94-Unit Community in Rohnert Park, California

by Hayden Spiess

ROHNERT PARK, Calif. — Clarion Partners has acquired Clearwater at Sonoma Hills, a 94-unit senior living community located in Rohnert Park, roughly 50 miles north of San Francisco. The seller and sales price were not disclosed.  Built in 2020, the property features 70 assisted living units and 24 memory care residences, with capacity for 100 residents. Amenities at the 49,000-square-foot community include a theater, art studio, fitness center, putting green and landscaped outdoor gathering spaces.  Clearwater Living will continue to manage the property on behalf of Clarion Partners. John Sweeny, Aron …

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AcquisitionsColoradoNews

SLIB Arranges Sale of 102-Unit Senior Living Property in Denver Suburb

by Hayden Spiess

DENVER — Senior Living Investment Brokerage (SLIB) has arranged the sale of a senior living property totaling 102 units in a suburb of Denver. Situated on a 4.6-acre campus, the property features assisted living and memory care units.  A publicly traded healthcare REIT acquired the community for an undisclosed price. The existing operator will remain in place.  Ryan Saul and Vince Viverito of SLIB represented the undisclosed seller, a publicly traded company, in the transaction. 

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