Acquisitions

AcquisitionsKansasNewsSkilled Nursing

SLIB Negotiates Sale of 45-Bed Atchinson Senior Village in Kansas

by Jeff Shaw

ATCHISON, Kan. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Atchinson Senior Village in Atchinson, approximately 50 miles northwest of Kansas City.  Situated along the Missouri River in the northeast region of the state, Atchinson Senior Village offers 45 beds of skilled nursing care on approximately three-acre parcel.  Atchison County was the Seller. The buyer is a public company headquartered in California and seeking to expand its presence in Kansas. The price was not disclosed. Ryan Saul and Nick Cacciabando led the transaction for SLIB.

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AcquisitionsAssisted LivingNewsOhio

Walker & Dunlop Arranges $10.7M Sale of American House Macedonia in Ohio

by Jeff Shaw

MACEDONIA, Ohio — Walker & Dunlop Investment Sales (WDIS) has arranged the sale of American House Macedonia, a 100-unit assisted living and memory care community in the Northeast Ohio city of Macedonia. Sonida Senior Living Inc. (NYSE: SNDA) acquired the community for $10.7 million, bringing the total number of the company’s Ohio properties to 11. The seller was not disclosed. The asset, built in 2015, experienced operational challenges due to the COVID-19 pandemic, according to Walker & Dunlop.  Alex Vice, Joshua Jandris and Brett Gardner led the Walker & Dunlop …

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AcquisitionsNewsOperationsVirginia

Commonwealth Takes Over Operations of Community in Bon Air, Virginia

by Jeff Shaw

BON AIR, Va. — Commonwealth Senior Living has taken over operations of a community in the Richmond area and renamed it Commonwealth Senior Living at Bon Air.  This will be Commonwealth’s third senior living community in the Richmond area, joining Commonwealth Senior Living at Chesterfield and Commonwealth Senior Living at the West End. The community currently features 77 assisted living and memory care apartments, with both studio and one-bedroom suites. Commonwealth plans to execute a full renovation and updating of the community, to be completed by the first quarter of …

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AcquisitionsDevelopmentNewsTexas

Sherman & Roylance Brokers Sale of Eight-Acre Development Site in Austin, Texas

by Jeff Shaw

AUSTIN, Texas — Sherman & Roylance has brokered the sale of an eight-acre development site in Austin. The property, previously approved by the City of Austin for a two-story, 98-unit assisted living and memory care facility, faced construction delays and ultimately ended up in foreclosure by Woodforest Bank in September 2023. The “as designed” construction halted in 2022. Woodforest Bank sold the partially completed project to Novak Brothers, which may convert the project into a general multifamily development. “This was a challenging assignment, given the unfinished state of the property …

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AcquisitionsColoradoIndependent LivingNews

Walker & Dunlop Negotiates Sale of 125-unit Lakeview Senior Living in Lakewood, Colorado

by Jeff Shaw

LAKEWOOD, Colo. — Walker & Dunlop has negotiated the sale of Lakeview Senior Living, a 125-unit independent living community in the Denver suburb of Lakewood. Livingston Street Capital acquired the community, which was built in 2008. The seller and price were not disclosed. Joshua Jandris led the Walker & Dunlop team.

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AcquisitionsGeorgiaMemory CareNews

SLIB Negotiates Sale of 42-Unit Tapestry House Memory Care in Alpharetta, Georgia

by Jeff Shaw

ALPHARETTA, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Tapestry House Memory Care in Alpharetta, a suburb north of Atlanta. The community sits on 1.9 acres offering 42 units of memory care. The seller, Insignia Senior Living, is divesting of its U.S.-based assets to focus on core geographic markets in Puerto Rico and Latin America. The undisclosed buyer is looking to expand its skilled nursing and assisted living portfolio throughout Georgia. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB. “This acquisition was strategic for …

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AcquisitionsNewsSkilled Nursing

CareTrust REIT Acquires Five Skilled Nursing Facilities in Southeast for $81M

by Jeff Shaw

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE:CTRE), a San Clemente-based investor, has acquired a five-facility, 498-bed skilled nursing portfolio located in the Southeast for $80.9 million, including transaction costs. In connection with the acquisition, the company entered into a new triple-net master lease with affiliates of YAD Healthcare, a new operator relationship for the company and an experienced skilled nursing operator with facilities across multiple states in the Mid-Atlantic and Southeast. The lease has an initial term of 10 years with two five-year extension options and provides for a …

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AcquisitionsNewsOhio

Walker & Dunlop Brokers Sale of 128-Unit Legacy Living Florence in Kentucky

by Jeff Shaw

FLORENCE, Ky. — Walker & Dunlop Investment Sales has arranged the sale of Legacy Living Florence, a 128-unit senior living community in Florence, just south of Cincinnati, Ohio. Built in 2022, Legacy Living features independent living, assisted living and memory care services. The buyer was a REIT. The seller and price were not disclosed. Alex Vice, Joshua Jandris and Brett Gardner led the Walker & Dunlop team.

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AcquisitionsNewsOperationsSouth Carolina

Liberty Senior Living Takes Over Management of HarborChase of Rock Hill in South Carolina

by Jeff Shaw

ROCK HILL, S.C. — Liberty Senior Living has taken over management of HarborChase of Rock Hill and renamed the property Kempton of Rock Hill. Rock Hill is located just across the state border from Charlotte, North Carolina. Further details on the transaction were not disclosed. A division of Liberty Health, Liberty Senior Living specializes in senior living and retirement communities.

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AcquisitionsArkansasNews

SLIB Brokers Sale of 121-Unit Indian Rock Village in Fairfield Bay, Arkansas

by Jeff Shaw

FAIRFIELD BAY, Ark. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Indian Rock Village, a 121-bed independent living, assisted living and memory care community in Fairfield Bay. Located along Greers Ferry Lake approximately 80 miles north of Little Rock, the community was built in 1990. A regional owner-operator looking to exit the skilled nursing industry sold the asset to a regional owner. The price was not disclosed. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB.

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