Acquisitions

AcquisitionsAssisted LivingGeorgiaNews

SLIB Negotiates Sale of 77-Unit Community in Buford, Georgia

by Jeff Shaw

BUFORD, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 77-unit assisted living and memory care community in Buford, approximately 35 miles northeast of Atlanta. The community was built in 2012 and totals 51,063 square feet on 2.5 acres of land. The buyer is a Florida-based regional owner-operator that plans to invest in cosmetically updating the community and improve overall performance through continued lease-up and expense efficiencies.  The seller was a private REIT that had purchased this asset as part of a larger portfolio and was …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCCRCNewsVirginia

ESI Arranges Sale of Beth Sholom Village in Virginia Beach

by Jeff Shaw

VIRGINIA BEACH, Va. — Evans Senior Investments (ESI) has arranged the sale of Beth Sholom Village, a seniors housing community in Virginia Beach. The seller is a mission-based nonprofit group. A Mayland-based owner-operator was selected as the buyer. The price was not disclosed. Beth Sholom Village opened in 1980 with 120 licensed skilled nursing beds. The seniors housing component was added in 2004 and includes 56 assisted living and 18 memory care units. Virginia has an existing certificate of public need to develop new skilled nursing and assisted living communities, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceNewsTennessee

CBRE Arranges $32.2M Acquisition Financing for Two Vitality Communities in Metro Nashville

by Jeff Shaw

FRANKLIN and HENDERSONVILLE, Tenn. — CBRE has arranged $32.2 million in financing for the acquisition of Vitality Living Franklin and Vitality Living Hendersonville, both located in high-growth suburbs of Nashville. The borrowers were Winterpast Capital Partners (WCP), Scribner Capital and its institutional partner, and Broadview Real Estate Partners. Vitality Living, WCP’s wholly owned operating platform, will manage the communities under a traditional third-party agreement. The portfolio consists of 256 assisted living and memory care units. Aron Will, Tim Root and Michael Cregan of CBRE National Senior Housing, arranged the financing, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingIllinoisNews

SLIB Brokers Sale of 73-Unit The Legacy & Evergreen Place in Chillicothe, Illinois

by Jeff Shaw

CHILLICOTHE, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Legacy & Evergreen Place, a 73-unit assisted living and memory care community in Chillicothe, located along Goose Lake approximately 140 miles southwest of Chicago. The asset was part of a larger portfolio of skilled nursing facilities. The seller of this building, which is buying the remaining portfolio, elected to carve out this asset because the company specializes in skilled nursing. The buyer is a Midwest-based owner that built the community in 2015 and was looking to …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentOperationsVideosWebinars

Webinar: Seniors Housing Success Stories — Companies that are Rising Above the Headwinds

by Sarah Daniels

  The June 29 webinar “Seniors Housing Success Stories — Companies that are Rising Above the Headwinds“ focused on what leading seniors housing firms are doing to alter their businesses, streamline operations, increase occupancy and strategize in terms of deal volume and investment. Industry difficulties, including labor shortages, inflation and interest rates, have highlighted the need for expertise and well-informed approaches to the seniors housing sector recovery. Click to watch this hour-long discussion that considers both operations and trends in transaction activity. See how strategies and outlooks have shifted since last …

Continue Reading
5 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingIowaNews

SLIB Negotiates Sale of 40-Unit Vintage Park in Lenox, Iowa

by Jeff Shaw

LENOX, Iowa — Senior Living Investment Brokerage (SLIB) has arranged the sale of Vintage Park, a 40-unit assisted living and memory care community in Lenox, 25 miles north of the state border with Missouri. The community totals 3,000 square feet on four acres of land. The seller is a local owner and operator looking to exit the seniors housing sector. The buyer is a joint venture between an East Coast investor and a growing Midwest operator. The price was not disclosed. This property is the second acquisition in the state …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceNew YorkNewsSkilled Nursing

CFG Provides $8.8M Mezzanine Acquisition Financing for Skilled Nursing Facility in New York City

by Jeff Shaw

NEW YORK CITY — Capital Funding Group (CFG) has provided $8.8 million in mezzanine financing for the acquisition of a skilled nursing facility in Brooklyn. The mezzanine debt was part of a financing package of $60.8 million. The other funds were secured through a syndication effort with a bank CFG has partnered with in the past. The facility features 240 beds. Further details were not disclosed. Craig Casagrande and Andrew Jones of CFG originated the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsConnecticutNews

Commonwealth to Manage 116-Unit Saybrook at Haddam in Connecticut

by Jeff Shaw

HADDAM, Conn. — Commonwealth Senior Living has taken over management at Saybrook at Haddam in Haddam, approximately 25 miles south of Hartford. The community will be rebranded to Commonwealth Senior Living at Haddam. It 82 independent living and assisted living apartments as well as 34 memory care apartments. The owner was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceIdahoNews

Berkadia Arranges $7.8M in Acquisition Financing for Two Communities in Idaho

by Jeff Shaw

IDAHO — Berkadia has arranged $7.8 million in financing for the acquisition of two assisted living and memory care communities in Idaho. Jay Healy and Andrew Lanzaro of Berkadia Seniors Housing & Healthcare arranged the bridge-to-HUD loan to facilitate the acquisition. The buyer, seller, price and locations were not disclosed. The bridge loan is interest-only and carries a term of 18 months with a six-month extension option. The communities were built between 1996 and 1999 and contain an average Medicaid mix of 75 percent. Combined occupancy had declined slightly in …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceNewsPennsylvaniaSkilled Nursing

Capital Funding Group Funds $34.7M Acquisition Financing for Three Skilled Nursing Facilities in Pennsylvania

by Jeff Shaw

PENNSYLVANIA — Capital Funding Group (CFG) has provided $34.7 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities. The facilities, which are located in Pennsylvania, total 299 beds. The buyer, seller, price and locations were not disclosed. Craig Casagrande and Andrew Jones originated the transaction for CFG.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts