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Acquisitions

AcquisitionsCompany NewsNewsOperations

Onelife Senior Living and Ally Senior Living Complete Merger

by Jeff Shaw

DENVER — Onelife Senior Living, a Denver-based developer and operator, and Ally Senior Living, a Texas-based operator, have merged. The combined company manages 19 communities across eight states and will retain Onelife Senior Living’s name and branding. The companies began merger conversations in 2023 and the deal closed this month. Terms of the transaction were not announced. Dan Williams, previously CEO of Ally Senior Living, and Zack Falk, previously CEO of Onelife, will lead the combined company. Executive team members from both companies will fill roles in the newly established …

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AcquisitionsAssisted LivingFinanceIowaNews

Jaybird Senior Living Receives $17.9M Acquisition Financing for Two Communities in Iowa

by Jeff Shaw

MASON CITY and INDIANOLA, Iowa — JLL Capital Markets has arranged acquisition financing for two assisted living and memory care communities in Iowa on behalf of affiliates of Jaybird Senior Living. The facilities, Vintage Hills in Indianola and Country Meadow Place in Mason City, total 118 units combined. Jaybird already managed both properties prior to the acquisition. JLL secured two loans totaling $17.9 million, or $151,436/unit, representing greater than 80 percent of the total purchase price. One loan was facilitated through a regional bank, while the other utilized the HUD/FHA …

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AcquisitionsMassachusettsNews

JLL Negotiates Sale of 80-Unit The Residence at Orchard Grove in Shrewsbury, Massachusetts

by Jeff Shaw

SHREWSBURY, Mass. — JLL Capital Markets has arranged the sale of The Residence at Orchard Grove, a seniors housing community in Shrewsbury, a suburb just east of Worcester. JLL represented the seller, Blue Moon Capital Partners, and procured the buyer, a public REIT. LCB will continue to manage the community operations. The price was not disclosed. The Residence at Orchard Grove comprises 80 independent living, assisted living and memory care apartments. The three-story building spans 75,000 gross square feet and first opened its doors in October 2017.Jay Wagner, Aaron Rosenzweig, Rick Swartz …

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AcquisitionsAssisted LivingNewsSouth Carolina

Blueprint Brokers Sale of Five-Property Portfolio in South Carolina

by Jeff Shaw

SOUTH CAROLINA — Blueprint Healthcare Real Estate Advisors has arranged the sale of five assisted living and memory care communities in South Carolina. The 334-unit portfolio is located in multiple cities throughout the state, all built in the late 1990s. A court-appointed Receiver selected Blueprint to lead the disposition process on behalf of the lender. Spring Oak, a family-owned company based in New Jersey, purchased the properties for an undisclosed price. Brooks Blackmon, Ryan Chase and Lauren Nagle led the Blueprint team.

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AcquisitionsAssisted LivingKansasNews

Blueprint Negotiates Sale of 58-Unit Community in Central Kansas

by Jeff Shaw

KANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 58-unit assisted living community in Central Kansas. The community was built in the early 1990s and was well maintained by current ownership including a $400,000 capital expenditure investment to ensure the community remained competitive within the local market, according to Blueprint. The buyer was a Kansas-based owner-operator. The seller, price and further details were not disclosed. Amy Sitzman, Giancarlo Riso and Kory Buzin led the Blueprint team.

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AcquisitionsNewsSkilled NursingTexas

Blueprint Brokers Sale of Two Skilled Nursing Facilities in East Texas

by Jeff Shaw

TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 320 licensed beds in East Texas. Following historical census lows and staffing challenges endured as a result of the pandemic, the two facilities were positively trending back towards historically achieved stabilized levels when the seller sought an exit. Further enhancing the attractiveness of the opportunity was the assumable HUD debt featuring an interest rate of 2.9 percent and a remaining term of over 25 years. Details on the buyer, seller and price were …

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AcquisitionsAssisted LivingCaliforniaNews

Sherman & Roylance Negotiates $8.3M Sale of Community in Monterey, California

by Jeff Shaw

MONTEREY, Calif. — Sherman & Roylance has arranged the $8.3 million sale of a 55-bed assisted living and memory care community in the Central Coast city of Monterey. A San Diego-based husband and wife team purchased the asset from a new player in the seniors housing sector looking to focus on different geographic areas. The multi-phased campus was originally built in 1955 and expanded in 1999. Shep Roylance, John Sherman and Chris Minnery of Sherman & Roylance arranged the transaction.

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AcquisitionsAssisted LivingMissouriNews

JLL Arranges Sale of Three-Community Portfolio in Missouri

by Jeff Shaw

WILDWOOD, TOWN & COUNTRY and KANSAS CITY, Mo. — JLL Capital Markets has arranged the sale of three seniors housing communities in Wildwood, Town & Country and the Burlington Creek area of Kansas City. The buyer was a joint venture between Artemis Real Estate Partners, Scarp Ridge Capital Partners and Arrow Senior Living. The seller and price were not disclosed. JLL represented the seller and procured the buyer spearheaded by Scarp Ridge and capitalized by Artemis. Arrow Senior Living is taking over operations of the three communities. The acquisition is …

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AcquisitionsFeaturesIdahoNews

Asset Consolidation Will Continue in the Boise Metro Seniors Housing Market

by Jeff Shaw

— By Blake Bozett, founder and CEO, The Zett Group — The Boise metro (Boise, Eagle, Meridian, Garden City) is made up of 75 licensed assisted living facilities, 42 of which have more than 30 licensed beds. Of those 42 assisted living facilities, the ownership type is made up of: national owner/operator (18), local owner/operator (12), REIT (4), regional owner/operator (3), local development company (2), privately held real estate investment firm (1), 1031 investment platform (1) and non-profit (1). These ownership stats aren’t necessarily unique to other metros such as …

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AcquisitionsNews

Berkadia Arranges Sale of 112-Unit Seniors Housing Community in Atlanta’s Buckhead District

by Jeff Shaw

ATLANTA — Berkadia’s Seniors Housing & Healthcare team has arranged the sale of Brighton Gardens of Buckhead, a 112-unit seniors housing community in Atlanta’s Buckhead district. Metro Atlanta-based PruittHealth purchased the asset from Indianapolis-based Prime Care One LLC for an undisclosed price. Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders of Berkadia represented the seller in the transaction. Additionally, Jay Healy of Berkadia arranged a $13 million bridge-to-HUD loan for the acquisition of Brighton Gardens, as well as the refinancing of two separate skilled nursing facilities in Georgia. The …

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