BURLINGTON, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility located in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet. A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price. Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction.
GLENDALE, Ariz. — JLL Capital Markets has brokered the sale of Thunderbird Senior Living, a 345-unit seniors housing community located in Glendale. Renovated in 2018, the property comprises 13 interconnected buildings totaling 285 independent living, 40 assisted living and 20 memory care units. Amenities at the community include an art room, beauty salon and barber shop, bistro, game room, heated outdoor pool, library, lounges, nature trails, sundecks and a theater. Stellar Senior Living is the operator and will continue to manage the community on behalf of the new ownership.
LEXINGTON, S.C. — Senior Living Investment Brokerage has arranged the sale of Westminster Memory Care, a 48-unit memory care community located in Lexington, roughly 20 miles west of Columbia, the state capital. Built in 2020, the community is situated on roughly 6.3 acres, with space for future expansion. Trinity Investors sold the property to a Southeast-based owner and operator for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.
CARLSBAD, Calif. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.
WHITE RIVER JUNCTION, Vt. — Benchmark Senior Living and investment, development and management firm National Development have jointly acquired The Village at White River Junction, a seniors housing community located in White River Junction, roughly five miles away from Dartmouth College. M&T Bank provided financing for the acquisition. The Village at White River Junction totals 80 units, with assisted living and memory care residences. Amenities at the property include a live performance venue, art gallery, art studio, movie theater, dining venues, community kitchens, a salon and spa, fitness center, conservatory, library …
WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing facility located in upstate New York. Originally opened in 1977, the facility totals 80 beds. The seller is a county governmental owner exiting the seniors housing sector. A private skilled nursing owner and operator acquired the property for an undisclosed price. Ryan Saul and Dave Balow of Illinois-based SLIB brokered the transaction on behalf of the seller.
BARTLETT, Ill. — Focus Healthcare Partners has received financing for the acquisition and repositioning of Hearthwood Senior Living, a 293-unit senior living community located in Bartlett, roughly 40 miles northwest of downtown Chicago. Ryan Stoll and Taylor Mokris of BWE arranged the $37 million non-recourse financing on behalf of Focus, which will use the funds to lever its previously all-cash acquisition of the property as well as more than $15 million in capital improvements. Focus plans to refresh the lobby and amenity area and add a bistro, modern theater and new …
GEORGETOWN, Texas — Touchmark has acquired a senior living community located in Georgetown. Touchmark will rebrand the property, which was formerly known as The Hacienda at Georgetown, as Touchmark at Georgetown. Situated roughly 40 miles north of Austin, the community features independent living, assisted living and memory care options. Headquartered in Oregon, Touchmark develops, owns and operates properties with a full continuum of care. With this acquisition, Touchmark’s portfolio comprises 16 communities across the U.S. and Canada.
BRENTWOOD, Tenn. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of a 100-unit assisted living and memory care community located in Brentwood, 10 miles south of downtown Nashville. Opened in 2022, the property is situated on 6.6 acres and was acquired by an undisclosed REIT. The current operator will remain in place. According to SLIB, 12 offers were submitted throughout the bidding process. Bradley Clousing and Daniel Geraghty of SLIB brokered the sale on behalf of the seller, a Texas-based developer and East Coast-based capital provider.
OTSEGO, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the $10.6 million sale of Kauhale Otsego, an assisted living and memory care community located in Otsego, roughly 10 miles north of Kalamazoo and 40 miles south of Grand Rapids. Constructed in 2016, the property totals 52 units. According to SLIB, the community was 86 percent occupied at the time of sale. A regional owner acquired Kauhale Otsego from an undisclosed owner and operator. Daniel Geraghty, Bradley Clousing and Matthew Alley of SLIB brokered the transaction on behalf of the seller.
