Acquisitions

AcquisitionsFloridaNews

Grandbridge Arranges Sale of 420-Unit Portfolio in Florida

by Jeff Shaw

WINTER HAVEN and LAKELAND, Fla. — Grandbridge Real Estate Capital’s seniors housing investment sales team has arranged the sale of two communities in Florida. A national REIT sold the assets to a Florida-based owner-operator growing in the region. The price was not disclosed. The properties include Spring Haven, a 297-unit independent living, assisted living and memory care community in the Orlando suburb of Winter Haven, and Lake Morton Plaza, a 123-unit independent living and assisted living community in the Tampa suburb of Lakeland. Dave Kliewer and Jay Jordan led the …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsSkilled Nursing

CareTrust Acquires Four West Coast Communities for $71.5M

by Jeff Shaw

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE: CTRE), along with a regional investor in healthcare real estate, has acquired four skilled nursing facilities on the West Coast. The four-property acquisition includes 450 skilled nursing beds and 20 assisted living units. Links Healthcare Group, a new operator relationship for CareTrust, will operate the facilities pursuant to a 15-year master lease with two five-year extension options. Links is an experienced operator founded by Toby Tilford and Curt Rodriguez and currently operates 16 skilled nursing and seniors housing communities. CareTrust’s initial investment …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsOregon

SLIB Brokers Sale of 72-Unit Community in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 72-unit assisted living and memory care community in Portland. The facility was built in 1961 with renovations in 2021. The property totals 52,217 square feet on approximately 4.22 acres of land. The seller was a local owner-operator seeking to retire from the industry. The buyer was a private equity company based in Salt Lake City, with senior living communities throughout the country. This is the buyer’s second community in the Portland market. The price was not …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsMemory CareMichiganNewsOhio

SLIB Negotiates Sale of 100-Unit Midwestern Memory Care Portfolio

by Jeff Shaw

LANSING, Mich., and BEAVERCREEK, Ohio — Senior Living Investment Brokerage (SLIB) has arranged the sale of two memory care communities totaling 100 units and 132 beds in the Midwest. Located in Lansing and Beavercreek, both communities were built in 2018 and each total approximately 34,500 square feet on 4.9 acres of land. The seller is a national owner and developer that is exiting the industry. The buyer was a REIT that will lease the communities to Ridgeline Management Co. The price was not disclosed. Jason Punzel, Brad Goodsell, Vince Viverito …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsOperationsWashington

Veda Living to Manage 10 Properties in Washington State

by Jeff Shaw

WASHINGTON — Veda Living, the management company spin-off of ETROS Management Firm, has taken on a 10-property management agreement in Washington state. ETROS Management Firm, founded in 2016, specializes in turnaround management solutions for underperforming senior living assets. The properties are all branded as Greenlake Senior Living communities, which target middle-market seniors in the Pacific Northwest. With this most recent management deal, Veda Living now operates a portfolio of 15 properties across the nation.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsSkilled NursingTexas

CareTrust Acquires 125-Bed Skilled Nursing Facility in Metro Houston

by Jeff Shaw

HOUSTON — CareTrust REIT Inc. (NYSE: CTRE) has acquired a 125-bed skilled nursing facility located in the greater Houston metropolitan area. An affiliate of Evergreen Health Group will operate the property, opening a new tenant relationship for CareTrust. The specific name and location of the property were not disclosed. Evergreen Health Group is a Texas-based operator of skilled nursing facilities primarily owned by Selina Chao, an industry veteran. Evergreen has entered into a 15-year, triple-net lease with CareTrust that includes two five-year extension options and annual CPI-based rent escalators. CareTrust’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNews

CBRE Brokers Sale of Midwestern Portfolio for Bridge Investment Group

by Jeff Shaw

AUSTIN, Texas — CBRE’s National Senior Housing Investment Properties team, based in Austin, has arranged the sale of a portfolio of communities in the Midwest on behalf of Bridge Investment Group. The communities are midrise buildings offering independent living, assisted living and memory care units and services. All were built in 2007 or later. CBRE’s National Senior Housing team members John Sweeny, Aron Will, Scott Bray, and Garrett Sacco represented the seller. The Properties are located in highly desirable areas, close to hospitals and primary transportation routes. Assets in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

SLIB Arranges Sale of 173-Unit Portfolio in Florida

by Jeff Shaw

LUTZ and ORANGE CITY, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities in Florida. Totaling 173 units of assisted living and memory care, the properties are located in the Tampa suburb of Lutz and the Orlando suburb of Orange City. The seller is a partnership between an institutional capital provider and a national operator. The company initially acquired the communities as part of a larger portfolio of campus-style assets. The buyer is a Florida-based regional owner-operator continuing to grow across the Southeast. …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceIllinoisNews

CBRE Arranges Acquisition Financing for 348-Unit Lexington Square of Elmhurst in Illinois

by Jeff Shaw

ELMHURST, Ill. — CBRE has arranged an undisclosed amount of financing for the sale of Lexington Square of Elmhurst, a 348-unit independent living and assisted living community in Elmhurst, approximately 17 miles west of Chicago. The property was built in 1990. The borrower, Focus Healthcare Partners LLC, has purchased the asset and rebranded it as The Roosevelt at Salt Creek. Focus plans to execute a significant capital improvement plan and convert the existing entrance-fee CCRC model to rental units. Aron Will, Matt Kuronen and Michael Cregan of CBRE National Senior …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsWisconsin

Ziegler Advises on Sale of 101-Unit Terova Senior Living in Mequon, Wisconsin

by Jeff Shaw

MEQUON, Wis. — Ziegler has acted as exclusive financial advisor to Marquee Capital on the sale of Terova Senior Living, a 101-unit senior living community in Mequon, a northern suburb of Milwaukee. Marquee Capital is the real estate company affiliated with Marcus Investments LLC, a family office. Located in one of the most affluent suburbs in Wisconsin, the community represented the only senior living asset owned by Marquee in the state. Terova was built in 2005. Between 2020 and 2022, Marquee Capital renovated and repositioned the community as a for-profit …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts