NASHVILLE, Tenn. — Uniguest, a Nashville-based digital engagement company, has acquired Eversound, a technology and content provider specializing in creating engagement for senior living communities. Founded in 2015 out of Cornell University’s eLab business accelerator, Boston-based Eversound now helps tens of thousands of older adults in over 1,000 communities live more socially connected lives. Eversound technology is known to reduce social isolation, slow cognitive decline and break down barriers common in a senior living environment. Eversound’s membership program provides advanced wireless headphones to increase accessibility for residents of varying levels …
ATLANTA — CareTrust REIT Inc. (NYSE:CTRE) has acquired a 148-bed skilled nursing facility located in the greater Atlanta metropolitan area. The acquisition represents CareTrust’s second skilled nursing facility in Georgia. Concurrently with the acquisition, CareTrust has entered into a new tenant relationship with Elevation Group LLC, a Florida-based skilled nursing operator led by two industry veterans and brothers Ken and Dan Funk. Elevation, which took over operations on May 1, has entered into a 15-year, triple-net lease with CareTrust that includes two five-year extension options and annual CPI-based rent escalators. …
GRAND PRAIRIE, Texas — Greysteel has arranged the sale of Wright Senior Apartments, a 154-unit affordable seniors housing property in Grand Prairie, just west of Dallas. Initially constructed in 2005, community includes 123 rent-restricted affordable units and 31 market-rate units in a mixture of studio, one- and two-bedroom units. The buyer, an experienced affordable housing owner, will continue to operate the community as an affordable housing community per the terms of the LIHTC LURA. The buyer assumed the seller’s existing HUD loan. Murphy Holloway and Doug Banerjee of Greysteel’s National …
JANE LEW, W.V. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Crestview Manor Nursing Home, a 72-bed skilled nursing facility in Jane Lew, approximately 115 miles south of Pittsburgh. The property has been family owned since 1987 and is the only skilled nursing facility in the county. The seller was a private, out-of-state owner that owned Crestview Manor for over three decades. The buyer is a publicly traded REIT utilizing an existing operating partner relationship that has collectively rapidly grown their presence throughout West Virginia. Dave Balow …
WEST MONROE, La. — Marcus & Millichap has brokered the sale of Rosemont of West Monroe, a 30,000-square-foot assisted living and memory care facility in West Monroe, approximately midway between Shreveport and Jackson, Mississippi. Rod Llanos in Marcus & Millichap’s Houston office specializing in investment sales of seniors housing properties had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer was also a limited liability company. Chris Shaheen, Marcus & Millichap’s broker of record in Louisiana, assisted in closing this transaction. …
CHICAGO — CareTrust REIT Inc. (NYSE: CTRE) has acquired a 136-unit, two-facility memory care portfolio located in metro Chicago. Chapters Living will take over operations at the community, which is a new relationship for CareTrust. Chapters Living is a seniors housing and memory care operator based in the Midwest led by industry veteran Danny Stricker. The two properties will be placed in a 15-year, triple-net lease. The agreement includes two five-year extension options as well as annual CPI-based rent escalators. CareTrust’s initial investment in the facilities, inclusive of transaction costs, …
PORTLAND, Ore. — KeyBank Community Development Lending and Investment (CDLI) has provided $67 million for the acquisition and rehabilitation of the Grace Peck Terrace Apartments, an affordable seniors housing property in Portland. Grace Peck Terrace features 95 one-bedroom units for residents age 62 and older or disabled persons earning no more than 60 percent of the area median income (AMI). The borrower, Home Forward, is a developer, owner and operator of more than 9,500 affordable units in Portland and its surrounding counties. KeyBank’s CDLI group arranged a $27.2 million construction …
ANTWERP, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Antwerp Manor, a 52-unit assisted living community in Antwerp, just across the state border from Fort Wayne, Indiana. Built in 1920, the community was originally constructed as an elementary school and redeveloped into seniors housing in 2007. The company that led the redevelopment took operational control of the community in 2018 after the previous operator declined its lease renewal. The buyer, an Ohio-based owner-operator, plans to take advantage of the proposed rent increase to the Ohio Assisted …
SHELTON, Wash. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Maple Glen, a 54-unit assisted living community in Shelton, approximately 55 miles southwest of Seattle. The facility was built in 2000. The property totals 50,555 square feet, and is situated on approximately 3.7 acres of land. The buyer is a Pacific Northwest owner-operator and plans to spend money on capital improvements and increase the number of licensed beds. Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson of Senior Living Investment Brokerage handled the transaction. The seller …
STOUGHTON, Mass. — Cushman & Wakefield has arranged the sale of the Arbors of Stoughton, a 91-unit assisted living and memory care community in Stoughton, 20 miles south of downtown Boston. Richard Swartz, Jay Wagner and Jim Dooley represented the seller, the Gralia Group of East Longmeadow and their institutional capital partner, in the transaction. The buyer was KIRCO in a partnership with Everbrook Senior Living, which will operate the community going forward. Cushman & Wakefield also arranged the acquisition financing for the borrower, with a loan of 65 percent …