Friday, December 27, 2024
Read the Magazine Subscribe

Acquisitions

AcquisitionsCCRCMinnesotaNews

Blueprint Brokers Sale of 389-Unit Saint Therese of New Hope in Minnesota

by Jeff Shaw

NEW HOPE, Minn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Saint Therese of New Hope, a continuing care retirement community in New Hope, a suburb northwest of Minneapolis. The seller is Saint Therese, a Minnesota-based nonprofit that originally built the community. The campus originally opened to the community in 1967. Starting in 1979, the property underwent extensive senior living expansion and renovation projects over the years.  The community features 221 independent and assisted living units and 168 licensed skilled nursing beds, totaling 389 seniors housing and …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsOperationsVirginia

Impact Senior Living Takes Over Operations of Carriage Hill Retirement in Bedford, Virginia

by Jeff Shaw

BEDFORD, Va. — Impact Senior Living, an affiliated SRI Management company, has taken over operations of Carriage Hill Retirement in Bedford, located between Lynchburg and Roanoke approximately 150 miles west of Richmond. Set on over 15 acres offering views of the Blue Ridge Parkway, Carriage Hill Retirement specializes in assisted living and memory care. The number of units was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingKentuckyNews

SLIB Negotiates Sale of Four-Property Portfolio in Henderson, Kentucky

by Jeff Shaw

HENDERSON, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of four assisted living and independent living communities in Henderson, just across the Ohio River from Evansville, Indiana. The communities offer a combined 120 assisted living units and 38 independent living units. They were built in 2000, 2014, 2017 and 2019. The seller was a local owner-operator that developed and operated these assets since their inception. The buyer is a Kentucky-based owner-operator looking to grow its portfolio strategically in Western Kentucky. The price was not disclosed. Ryan Saul …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaNewsOperations

Thrive Takes Over Management of Three Communities in Georgia

by Jeff Shaw

COCHRAN, JESUP and THOMSON, Ga. — Thrive Senior Living has taken over operations at three senior living communities in the state of Georgia, located in Cochran, Jesup and Thomson.  A Georgia-based family owns the properties, which are all under the At Home Senior Living brand.  “Communities in smaller towns like Cochran, Jesup, and Thomson exude the classic Southern charm that makes them feel like home,” says Sebby Kannukkaden, Thrive president and CFO. “However, they often miss out on valuable opportunities given their size and location. Our goal with these communities …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceNewsSkilled NursingTexas

Oxford Finance Provides $47M Credit Facility to Creative Solutions in Healthcare Inc.

by Jeff Shaw

FORT WORTH, Texas — Oxford Finance LLC has provided a $47 million senior credit facility to Creative Solutions in Healthcare Inc., a Fort Worth-based seniors housing investor. Funds drawn at closing were used to finance the acquisition of two skilled nursing facilities in Texas, totaling 228 beds. Additionally, the credit facility includes a substantial delayed draw commitment, providing the company with the flexibility to finance future acquisitions. Creative Solutions in Healthcare is a family-owned company with more than 170 long-term care communities throughout the state of Texas.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsMichiganNewsSkilled Nursing

ESI Brokers Sale of 108-Bed Countryside Care Center in Jackson, Michigan

by Jeff Shaw

JACKSON, Mich. — Evans Senior Investments (ESI) has arranged the sale of Countryside Care Center, a skilled nursing facility in Jackson.  The transaction was executed on behalf of an independent owner-operator looking to recycle capital and exit the industry. Countryside Care Center is situated 40 miles west of Ann Arbor and 35 miles south of Lansing. The facility was built in 1968 and licensed for 108 skilled nursing beds.  Despite its longstanding presence, the center was facing challenges at the time of marketing, operating only 80 of its beds with …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingKansasNewsSkilled Nursing

SLIB Brokers Sale of 65-Unit Hillside Village in De Soto, Kansas

by Jeff Shaw

DE SOTO, Kan. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Hillside Village, a seniors housing community in De Soto, approximately 20 miles southwest of Kansas City. Hillside Village offers 38 assisted living units and 27 skilled nursing units, totaling 95 licensed beds. The seller was a local owner existing the business. The buyer is a public company headquartered in California. The price was not disclosed. Ryan Saul, Nick Cacciabando and Jeff Binder led the transaction for SLIB.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultNewsSouth Carolina

Berkadia Negotiates Sale of 159-Unit The Aspens Verdae in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Berkadia has arranged the sale of The Aspens Verdae, a newly built, 159-unit active adult community in Greenville.  Texas-based active adult developer Aspens Senior Living sold the community to Charleston-based Blaze Capital Partners and Partners Group, acting on behalf of its clients. Located in Greenville’s master-planned, 1,100-acre Verdae neighborhood, the Aspens Verdae provides convenient access to retail, restaurants, healthcare and outdoor activities. The property was built in 2022 and features one-bedroom and two-bedroom apartments.  Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders led the Berkadia team.

Continue Reading
0 FacebookTwitterLinkedinEmail
White Oak at North Grove, Spartanburg, S.C.
AcquisitionsCompany NewsNewsNorth CarolinaOperationsSkilled NursingSouth Carolina

Blueprint Brokers Sale of White Oak Management, Including Portfolio of 2,000 Skilled Nursing Beds

by Jeff Shaw

SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingCaliforniaNews

CPP Acquires 139-Unit Green Hotel Apartments Affordable Community in Pasadena, California

by Jeff Shaw

PASADENA, Calif. — Community Preservation Partners (CPP) has acquired Green Hotel Apartments, an affordable seniors housing complex in downtown Pasadena, a suburb of Los Angeles. This is the 15th community in the greater Los Angeles area for CPP and the 41st in the state. Built in the 1890s, Green Hotel Apartments is listed on the National Register of Historic Places and is a Pasadena Historic Monument. The 139-unit property is a seven-story mix of studio and one-bedroom units serving seniors earning between 30 and 60 percent of the area median income …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts