EUGENE, Ore. — Senior living brokerage firm The Zett Group has arranged the $18.5 million sale of a community located in Eugene. Built in 1979, the property — Churchill Estates — comprises 241 independent living, assisted living and memory care units. A joint venture acquired the community from the sellers, Ron and Joyce Knutson.
WESTLAKE VILLAGE, Calif. — LTC Properties Inc. has completed the acquisition of a portfolio of senior living communities located in Wisconsin for $195 million. Totaling 520 independent living, assisted living and memory care units, the portfolio includes Hamilton House Senior Living in Cedarburg; Eagle Point Senior Living in Appleton; Kettle Park Senior Living in Stoughton; Reena Senior Living in Fort Atkinson; and Cardinal View Senior Living in Middleton. Together, the communities have an average age of six years. LTC funded the senior housing operating portfolio (SHOP) acquisition with a line of …
WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 125-unit community located in Wisconsin. The property, which was 90 percent occupied at the time of sale, features independent living, assisted living and memory care residences. Jason Punzel, Jake Anderson and Ryan Saul of SLIB brokered the transaction on behalf of the undisclosed seller.
HOPKINS and ROCHESTER, Minn. — Blueprint has arranged the sale of a skilled nursing portfolio located in Hopkins and Rochester. Totaling 230 units, the portfolio comprises two properties. A publicly traded REIT was the seller. Connor Doherty, Ryan Kelly, Amy Sitzman, Giancarlo Riso and Will Roberts of Blueprint brokered the transaction on behalf of the seller. According to Blueprint, the properties were classified as “distressed” at the time of sale. The buyer plans to leverage their existing infrastructure, clinical resources and local market expertise to achieve stabilized performance at the facilities.
WESTLAKE VILLAGE, Calif. — LTC Properties has completed the acquisition of two seniors housing communities located in Kentucky. An undisclosed seller sold the properties for $40 million. Opened in 2023, the properties together total 158 units and feature assisted living and memory care residences. Charter Senior Living manages the communities. California-based LTC plans to execute an additional $195 million in seniors housing operating portfolio (SHOP) acquisitions by mid-October 2025 and an additional $90 million by the end of the year.
MINNEAPOLIS — Oppidan Investment Co. has sold a senior living community located in Minneapolis for $140 million, according to a recently published certificate of real estate value. Ventas, doing business as VLSHRE PILLARS LLC, was the buyer. Oppidan originally opened the community, The Pillars of Prospect Park, in May 2020. Situated with proximity to the University of Minnesota campus, the property totals 283 apartments, including 133 independent living, 106 assisted living and 44 memory care units. Amenities at the community include an onsite bistro, salon spa, chapel, fitness center, golf simulator …
DALLAS — Clearwater Living has added a newly developed senior living community located in Dallas to its management portfolio. Totaling 121 apartments, the property offers independent living, assisted living and memory care options. Residences include studio, one- and two-bedroom units. Formerly known as Anthology of Highland Park, the community will now be operated as Clearwater Highland Park. Amenities at the property include a fitness center, salon, theater, creative studio, landscaped terraces, indoor and outdoor gathering spaces and access to physical, occupational and speech therapies. Clearwater’s portfolio now totals 16 communities across …
By Hayden Spiess ATLANTA — The seniors housing sector has not always been the apple of commercial real estate (CRE) capital’s eye. Industry professionals say that this is no longer the case and that a confluence of factors is driving strong investment activity in the sector. “Nationally, this asset class is the darling with respect to CRE,” asserts Michael Bowden, senior vice president of investments with LTC Properties. “It wasn’t, as we know, for a long time. So that’s a new shift, which is super cool for all of us.” Courtney …
PINE ISLAND, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities located in Pine Island. A regional operator acquired both properties, which include Pine Haven and Evergreen Place Assisted Living. Pine Haven, which was originally constructed in 1964 and renovated in 2016, is a 70-bed skilled nursing facility. Featuring 24 assisted living units, Evergreen Place was built in 1995 and is connected to Pine Haven. The USDA sold Pine Haven, and the seller of Evergreen Place was the City of Pine Island. Jake Anderson, …
AUSTIN, Texas — Berkadia has brokered the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living facility located in South Austin. A publicly traded REIT acquired the property for an undisclosed price. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare arranged the sale on behalf of the seller, Bridgewood Property Co., the original developer. Bridgewood’s wholly owned management company, The Aspenwood Co., will continue to operate the property on behalf of the new owner.