LAKEVILLE, Minn. — Berkadia has arranged the sale and financing of The Pillars of Lakeville, a senior living community located in Lakeville, a suburb situated roughly 25 miles south of downtown Minneapolis. Totaling 100 units, the property features independent living, assisted living and memory care. Amenities at the community include a fitness center, wellness programs, heated underground parking, a salon and spa, game room and pickleball court. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia represented the seller, a joint venture between Harrison Street Asset Management and Oppidan …
PALM COAST, Fla. — Continuum Advisors has arranged the sale of Tuscan Gardens of Palm Coast, an assisted living and memory care community located in Palm Coast. Totaling 130 units, the property features 86 assisted living and 22 memory care units, as well as 22 “enhanced assisted living” residences. The community was sold in receivership, with William King acting in the role of receiver. Jay Jordan and David Kliewer of Continuum led the court-approved sale process, which resulted in more than 15 written letters of intent and multiple rounds of bidding. …
PHILADLEPHIA — Cushman & Wakefield has brokered the sale of The Terrace at Chestnut Hill, a 108-unit assisted living and memory care community located in northwest Philadelphia. MVJ Ventures acquired the property from an undisclosed seller. Brett Gardner, Joshua Jandris and Jason Skalko of Cushman & Wakefield represented the seller in the transaction. Jason Stroiman and Brendan DeSilva of Evans Senior Investments represented the buyer. Originally built in 1987, The Terrace at Chestnut Hill was renovated in 2012. Viva Senior Living will operate the community, which was 85 percent occupied at …
ATLANTA — Thrive Senior Living has acquired three newly built communities in Georgia. Located in Cochran, Thomson and Jesup, the properties are operated under the At Home Senior Living brand. According to Thrive, the communities were 94 percent occupied at the time of acquisition. The Sawyer family developed the communities between 2019 and 2022. In 2024, Thrive partnered with the ownership on a third-party-management basis. Prior to the partnership, Shanna Dupree led operations for At Home Senior Living. Dupree has now joined Atlanta-based Thrive as director of operations. SRP Federal Credit …
MONUMENT, Colo. — Inland Real Estate Acquisitions has completed the acquisition of Jackson Creek Senior Living, a luxury seniors housing community located in Monument, roughly 20 miles north of Colorado Springs. Built in 2017 and situated within a master-planned development, Jackson Creek totals 132 units, with 27 independent living, 75 assisted living and 30 memory care residences. Amenities at the community include a bistro, library, fitness center, salon, theater, complimentary transportation and 24-hour concierge service. According to Inland, Jackson Creek averaged an occupancy level of 96 percent over the past year. …
INDIAN LAND, S.C. and MATTHEWS, N.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a two-property portfolio situated in the Charlotte metro. The portfolio includes Ambriant at Avondale in Indian Land, South Carolina, and Ambriant at Austin Village in Matthews, North Carolina. Ambriant at Avondale comprises 122 independent living units. Ambriant at Austin Village totals 80 independent living units, with one main building and seven duplex cottages. Both communities were developed in 2021. Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the seller, …
PARKER, Colo. — Health Wave Partners has acquired MorningStar Senior Living of Parker, a seniors housing campus located in the Denver submarket of Parker. Totaling 191 units, the property offers a full continuum of care. MorningStar opened the first building at the campus in 2012, expanding the property in 2014 and 2016. The campus was fully occupied at the time of acquisition. “MorningStar of Parker exemplifies the type of high-quality, institutionally operated assets we seek to own,” says Philip Kayden, chief investment officer at Health Wave Partners. “We are excited to …
SUMMERVILLE, S.C. — GEM Realty Capital has received financing for the acquisition of The Claiborne at Brickyard Crossing, a senior living community located in Summerville, roughly 25 miles northwest of Charleston. Taylor Mokris and Ryan Stoll of BWE arranged the financing on behalf of the borrower. Opened in 2022, The Claiborne at Brickyard Crossing totals 142 units, with assisted living and memory care residences. According to BWE, the community was stabilized within 12 months of its opening. “There is a meaningful and growing appetite among lenders for the best seniors housing …
ESCONDIDO, Calif. — Eagle Partners has acquired an affordable seniors housing portfolio located in Escondido for $162.5 million. Red Stone Equity Partners, a real estate investment firm specializing in affordable housing, is a strategic partner of Eagle and acted as an equity investor in the transaction. The portfolio includes two adjacent communities, The Hendrix Apartments and The Hadley Apartments. Totaling 551 units, the properties feature one- and two-bedroom residences reserved for seniors age 55 and older. Eagle Partners plans to implement a long-term affordable preservation strategy and implement capital improvements at …
CHICAGO — Blueprint has brokered the sale of a 409-unit senior living portfolio located in primary and secondary markets in Arizona and Utah. According to Blueprint, occupancy at the communities comprising the portfolio was at 75 percent at the time of sale. A non-publicly traded REIT acquired the portfolio for an undisclosed price. Amy Sitzman, Jake Rice and Giancarlo Riso of Chicago-based Blueprint arranged the transaction on behalf of the undisclosed seller.