Tuesday, November 26, 2024
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Acquisitions

AcquisitionsAssisted LivingNewsUtah

SLIB Negotiates Sale of Two Communities in Utah

by Jeff Shaw

SANDY and DRAPER, Utah — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Utah. The properties are located just a few miles from each other in the southern Salt Lake City suburbs of Sandy and Draper. The communities were built in 2001 and consist of a total of 140 units. The properties total 35,334 and 53,255 square feet, and are situated on approximately 1.56 and 2.10 acres of land. The seller is a private equity group divesting to focus on …

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AcquisitionsAssisted LivingIowaKansasNews

Blueprint Arranges Sale of Two Assisted Living Communities in the Midwest

by Jeff Shaw

IOWA and KANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities in Iowa and Kansas. Both communities were originally constructed in the mid- to late 90s, were purpose built for assisted living, and are located in markets with strong senior demographics, according to Blueprint. Blueprint marketed the opportunity as a component of two larger portfolios that totaled 23 seniors housing communities throughout the Southeast, Midwest and Mid-Atlantic. The buyer was a regional owner-operator. The seller, price, and names and locations of the communities …

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AcquisitionsActive AdultNewsNorth Carolina

Berkadia Negotiates Sale of Active Adult Community in Charlotte, North Carolina

by Jeff Shaw

CHARLOTTE, N.C. — Berkadia has arranged the sale of an active adult community in Charlotte.  David Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, Evergreen Residential. The property opened in fall 2020 and displayed an impressive lease-up velocity. The property is located in one of Charlotte’s exclusive master-planned communities. The local area offers an array of shopping, fitness and entertainment opportunities and boasts high median household incomes and housing values. The buyer, price and name of …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 94-Unit Personal Care Community in Georgia

by Jeff Shaw

GEORGIA — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 94-unit personal care community in Georgia.  The buyer is a regional owner-operator looking to make significant capital improvements to the community.  Daniel Geraghty and Bradley Clousing led the transaction for SLIB. Further details were not disclosed.

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AcquisitionsCompany NewsNewsTechnology

Referral Service ZNest.com Acquires Odom Senior Care, Hires Lamar Odom as Chief Creative Officer

by Jeff Shaw

LAS VEGAS — ZNest.com, a Las Vegas-based seniors housing referral platform. has acquired Odom Senior Care, which was launched by two-time NBA champion and former reality TV star Lamar Odom earlier this year to provide referral services for senior care. As part of the deal, Odom will assume the position of chief creative officer at ZNest.com. Odom embarked on a mission to demystify the complex world of senior living and care after recognizing the challenges families face when searching for quality, affordable care solutions. Inspired by Odom’s 96-year-old grandmother, Odom …

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AcquisitionsMassachusettsNewsSkilled Nursing

Blueprint Negotiates Sale of 128-Bed Skilled Nursing Facility in South Dennis, Massachusetts

by Jeff Shaw

SOUTH DENNIS, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 128-bed skilled nursing facility in the Cape Cod town of South Dennis. Through a bifurcated process between Blueprint’s seniors housing group and behavioral healthcare group, the broker approached a targeted variety of skilled nursing investors and alternative use investors. Housing Assistance Corp. Cape Cod acquired the asset and embarked on a capital expenditure plan to revitalize the asset and will ultimately convert the community into housing. The seller and price were not disclosed.  The Blueprint …

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AcquisitionsNewsOperationsTennessee

Charter Takes Over Operations at Summit View in Chattanooga, Tennessee

by Jeff Shaw

CHATTANOOGA, Tenn. — Charter Senior Living has taken over management of Summit View Senior Community in Chattanooga.  Charter will rebrand the independent living and assisted living community as Charter Senior Living of Chattanooga.  Charter plans to renovate and update the community’s cosmetic features and plans to maintain the current staff and add additional staff as needed.

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AcquisitionsKansasNewsOperationsSkilled Nursing

Ensign Group Takes Over Operations at Providence Place Skilled Nursing Facility in Kansas City

by Jeff Shaw

KANSAS CITY, Kan. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Providence Place, a 45-bed skilled nursing facility in Kansas City.  Providence Place is located on the campus of Providence Medical Center. The acquisition is subject to a long-term, triple-net lease. This acquisition brings Ensign’s portfolio to 296 healthcare operations, 26 of which also include senior living operations, across 13 states.

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AcquisitionsAssisted LivingNewsOhio

Blueprint Arranges Sale of 101-Unit Anthology of Mason in Ohio

by Jeff Shaw

MASON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Anthology of Mason, a 101-unit assisted living and memory care community in the Cincinnati suburb of Mason. The seller was Anthology Senior Living, with is a subsidiary of CA Ventures. Community First Solutions, an institutional investor with an all-cash offer, acquired the property for an undisclosed price. The community opened in late 2017 with an adjacent parcel of land well suited to an independent living expansion. Anthology elected to sell the community to recycle capital.  The Blueprint …

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AcquisitionsIndianaNews

Kandu Capital, Bloom Senior Living Purchase Two Communities in Indianapolis Out of Receivership

by Jeff Shaw

INDIANAPOLIS — Kandu Capital and its operating company, Bloom Senior Living, have acquired two senior living communities in Indianapolis out of a Fannie Mae receivership.  With the move, Bloom expands its Indiana footprint to five communities. After strategically divesting $110 million of skilled nursing and behavioral health assets at peak pricing up to $225,000 per bed, Bloom has opportunistically redeployed capital into seniors housing at $30,000 per unit. Bloom is capitalizing on new distressed opportunities while its current portfolio is outpacing pre-pandemic levels and industry fundamentals are strengthening.  Blueprint represented …

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