JACKSONVILLE, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Cathedral Care, a 129-bed skilled nursing facility in Jacksonville. The seller was looking to divest the standalone community. A national owner with operations in Florida acquired the asset for an undisclosed price. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.
CLINTON, Utah — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Barrington Place, a 66-bed memory care community in Clinton, 30 miles north of Salt Lake City. The facility was built in 2016, totaling approximately 32,862 square feet on 2.9 acres of land. A national owner-operator seeking to sell non-core assets sold the property to a family office based in the West for an undisclosed price. The new owner plans to install Ridgeline Management Co. as the operator. Jason Punzel, Vince Viverito and Brad Goodsell of SLIB handled …
LOOMIS, Calif. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Senior Care Villa of Loomis. The facility consists of 26 units and was built in 2000. It totals approximately 15,000 square feet and on 2.5 acres of land in Loomis, 25 miles northeast of Sacramento. The seller was a family owner-operator seeking to retire. The buyer is a Southern California-based investment group looking to expand its portfolio within the state. The price was not disclosed. Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction. …
VIRGINIA — CareTrust REIT Inc. (NYSE: CTRE) has sold five seniors housing facilities in Virginia for $13 million. The facilities total approximately 240 units. In connection with the completion of the sale, the facilities were removed from the company’s applicable master lease with affiliates of Noble Senior Services. The buyer was a regional owner-operator of assisted living and memory care facilities. “The sale of these five facilities continues our plan to de-risk the portfolio,” says Dave Sedgwick, president and CEO of CareTrust. “We continue to move forward towards selling or …
CLINTON, Utah — Senior Living Investment Brokerage (SLIB) has arranged the sale of Pheasant Run, a memory care community in Clinton, approximately 30 miles north of Salt Lake City. Built in 2015, the facility consists of 45 units and 66 beds across approximately 32,862 square feet, on three acres of land. A regional owner exiting the Utah market sold the asset to a family office based in the Western U.S. for an undisclosed price. The new owner plans to use Ridgline Management Company as the operator. Jason Punzel, Vince Viverito …
RICHARDSON, Texas — Cushman & Wakefield has arranged the sale of Appletree Court, a 112-unit assisted living community located in Richardson, 15 miles north of downtown Dallas. A Cushman & Wakefield team of Richard Swartz, Jay Wagner, Jim Dooley and Jack Griffin represented the seller, Franklin Park Senior Living, in the transaction. Winterpast Capital Partners, a seniors housing investor with a captive operator platform called Vitality Senior Living, was the buyer. Marcus Investments partnered with Winterpast Capital Partners for this investment. Cushman & Wakefield arranged the acquisition financing with a …
FRISCO, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Parsons House Frisco, a 64-unit assisted living and memory care community in the Dallas suburb of Frisco. The community totals approximately 53,651 square feet on 4.1 acres of land. A regional owner-operator that wanted to divest of a non-core asset sold the asset to a family office located in the Western U.S. for an undisclosed price. The buyer plans to use Ridgline Management Co. as the operator. Matthew Alley and Jason Punzel of SLIB handled the transaction.
GRAPEVINE, Texas — Evans Senior Investments (ESI) has arranged the sale of Dancing River, an 84-unit assisted living and memory care community in Grapevine, a suburb of Dallas that includes Dallas/Fort Worth International Airport. An institutional private equity group sold the property to Inspired Healthcare Capital for $25 million, or $297,619 a unit. ESI represented the seller. Built in 2010, Dancing River went from being 93 percent to 70 percent occupied during the pandemic, but census creeped back up to pre-pandemic levels during the marketing process. “With the community recently …
OCEANSIDE, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Merrill Gardens Oceanside. The 144-unit independent living, assisted living and memory care community is located in Oceanside, a coastal city between Los Angeles and San Diego. The community was built in 1999, totaling approximately 96,905 square feet on 4.4 acres of land. The seller was an East Coast-based private equity firm. The buyer is a Southern California-based investment group, with this being their first seniors housing acquisition. The price was not disclosed. Jason Punzel, Brad Goodsell and …
MEMPHIS, Tenn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a seniors housing community in Memphis. Built in the late 1960s, the community rises 11 stories and features 110 independent living units and 55 assisted living units. A publicly traded REIT sold the community as a non-core asset. The buyer was Elevation Financial Group, which plans to convert the community into an affordable housing community for seniors. The price was not disclosed.
