Acquisitions

Cypress-Court_San-Diego
AcquisitionsAssisted LivingCaliforniaIndependent LivingNews

Azure Partners Acquires 148-Unit Community in San Diego

by Hayden Spiess

SAN DIEGO — Azure Partners has acquired Cypress Court, a senior living community located in San Diego.  Totaling 148 units, the property features 76 independent living and 72 assisted living residences. Kisco Senior Living sold the community for an undisclosed price. JLL Capital Markets brokered the transaction on behalf of the seller. JLL also secured a 10-year acquisition loan through Freddie Mac on behalf of Azure.  “Azure is very excited about the acquisition of Cypress Court as our entrance into seniors housing, and we aim to rapidly expand our portfolio in …

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Atlanta-Skilled-Nursing
AcquisitionsGeorgiaNewsSkilled Nursing

SLIB Arranges Sale of 100-Bed Skilled Nursing Facility in Atlanta

by Hayden Spiess

ATLANTA — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 100-bed skilled nursing facility located in Atlanta.  A national seniors housing and long-term care owner sold the property to a Northeast-based owner and operator for an undisclosed price. The buyer plans to relocate the licensed beds within the county.  Daniel Geraghty, Bradley Clousing and Nick Cacciabando of SLIB brokered the transaction on behalf of the seller. 

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Hayden-Grove_Bloomington-Minn
AcquisitionsAssisted LivingIndependent LivingMemory CareMinnesotaNews

Verdot Capital Sells 166-Unit Community in Metro Minneapolis

by Hayden Spiess

BLOOMINGTON, Minn. — Verdot Capital has sold Hayden Grove Bloomington, a 166-unit seniors housing community located in Bloomington, a suburb of Minneapolis. An undisclosed buyer acquired the property. JLL Capital Markets brokered the transaction on behalf of the seller.  Constructed in 2021, Hayden Grove Bloomington features a four-story building with a full continuum of care. Amenities at the community include underground parking, a private dining room, bistro, coffee lounge, game room, party room, theater, event center, library, craft room, fitness program, beauty salon and community rooms. The operator, Great Lakes Management, …

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Woods-at-Merrimack_Methuen-Mass
AcquisitionsIndependent LivingMassachusettsNews

Sunshine Retirement Living Sells 140-Unit Community in Massachusetts

by Hayden Spiess

METHUEN, Mass. — Sunshine Retirement Living (SRL) has sold The Woods at Merrimack, a 140-unit independent living community located in Methuen, a city located on the New Hampshire border.  A joint venture between Capitol Seniors Housing and a global alternative asset manager acquired the property for an undisclosed price.  SRL will continue to operate the community on a third-party basis on behalf of the new ownership. 

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Lodge-North-Ogden_North-Ogden-Utah
AcquisitionsAssisted LivingIndependent LivingMemory CareNewsUtah

Blueprint Brokers Sale of 122-Unit Property in Utah

by Hayden Spiess

NORTH OGDEN, Utah — Blueprint has brokered the sale of The Lodge at North Ogden, a 122-unit senior living property located in North Ogden, roughly 50 miles north of Salt Lake City.  Opened in 2019, the community features independent living, assisted living and memory care residences.  An undisclosed, non-traded REIT partnered with a regional operator and acquired the property for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the transaction on behalf of the seller. 

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AcquisitionsAssisted LivingCaliforniaFinanceMemory CareNews

Berkadia Arranges Sale, Financing of Two Communities in Southern California

by Hayden Spiess

SAN DIEGO and LOS ANGELES — Berkadia has arranged the sale and financing of two senior living communities located in Southern California.  Situated within suburbs of San Diego and Los Angeles, respectively, the properties include an 84-unit assisted living community and a 72-unit memory care community. Together, the communities were roughly 90 percent occupied at the time of financing.  Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia brokered the sale on behalf of the seller, a private owner. Ed Williams and Steve Muth of Berkadia secured acquisition financing …

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AcquisitionsColoradoNewsSkilled Nursing

Kiser Group Brokers $13M Sale of Skilled Nursing Facility Near Colorado Springs

by Hayden Spiess

WOODLAND PARK, Colo. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale.  Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state.  Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” …

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Watercrest at Mansfield - Mansfield TX
AcquisitionsCompany NewsNews

Sonida to Acquire CNL Healthcare Properties for $1.8B

by Hayden Spiess

DALLAS — Owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion.  Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. CHP ranked as the 22nd-largest owner in the 2025 edition of the ASHA 50, which is based on figures from June 1, and Sonida ranked …

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Oak-Pointe_Missouri
AcquisitionsMissouriNews

Stacked Stone, Praxis Capital Acquire $71M Portfolio in Missouri

by Hayden Spiess

SAN CLEMENTE, Calif. — Stacked Stone Ventures, in a joint venture with Praxis Capital, has acquired a $71 million seniors housing portfolio located in Missouri.  The acquired properties include Oak Pointe of Carthage, Oak Pointe of Kearney, Oak Pointe of Maryville, Oak Pointe of Monett, Oak Pointe of Neosho, Oak Pointe of Rolla and Oak Pointe of Washington.  Viva Senior Living will manage the properties on behalf of the new ownership. Senior Living Investment Brokerage (SLIB) arranged the transaction. The seller was not disclosed.  “Oak Pointe has a legacy of quality …

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New-Jersey-Community
AcquisitionsIllinoisNews

SLIB Arranges $17.5M Sale of Three-Community Portfolio in New Jersey 

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a portfolio of three assisted living and memory care communities located in Western New Jersey. The sales price was $17.5 million.  Together, the properties total 214 units, with each community comprising roughly 70 units.  Ryan Saul, Toby Siefert and Patrick Burke of Illinois-based SLIB brokered the transaction on behalf of the undisclosed seller. A large regional owner acquired the portfolio, marking its first purchase in the state of New Jersey. 

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