Acquisitions

AcquisitionsCCRCFinanceNewsNorth Carolina

Ziegler Arranges Acquisition Financing for 203-Unit Village at Brookwood CCRC in Burlington, North Carolina

by Jeff Shaw

BURLINGTON, N.C. — Ziegler has arranged three separate loans to fund the acquisition of The Village at Brookwood (TVAB), a continuing care retirement community (CCRC) in Burlington. Opened in 2003, TVAB features 155 independent living units, 12 assisted living units, 12 memory care units and 24 skilled nursing units on a 47-acre plot. The buyer, Well-Spring, is the current operator and also owns/operates a second CCRC in nearby Greensboro. Alamance Regional Medical Center originally developed TVAB, but the health system was acquired by Cone Health in 2011, after which Well-Spring …

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AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of Community in Lady Lake, Florida

by Jeff Shaw

LADY LAKE, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living community in Lady Lake, immediately adjacent to retirement mecca The Villages. The seller is a Northeast-based real estate private equity fund that purchased this asset as part of an extensive portfolio in December 2021. This asset was an operational outlier from the rest of the portfolio. The buyer was a regional owner-operator looking to add to its existing operations throughout Florida. Brad Clousing, Daniel Geraghty and Ryan Saul led the transaction for SLIB. …

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AcquisitionsAffordable HousingCaliforniaNews

Avanath Capital Buys Six Affordable Housing Communities in Northern California for $181.6M

by Jeff Shaw

SACRAMENTO — Avanath Capital Management has purchased six affordable multifamily and seniors housing properties in the Sacramento area for more than $181.6 million in an off-market transaction. The portfolio consists of four multifamily and two affordable seniors housing communities totaling 1,032 units. The multifamily properties include Anton Arcade at 2134 Butano Drive in Sacramento, Norden Terrace at 3685 Elkhorn Blvd. in North Highlands, The Ridge at 8151 Civic Center Drive in Elk Grove and Whitney Ranch at 711 University Ave. in Rocklin. The seniors housing properties includes Corsair Park Senior …

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AcquisitionsNewsSkilled NursingTexas

Blueprint Arranges Sale of Four Skilled Nursing Facilities in Texas for $28M

by Jeff Shaw

WACO, HOUSTON and FORT WORTH, Texas — Blueprint Healthcare Real Estate Advisors has negotiated the sale of four skilled nursing facilities totaling 704 licensed beds in Waco, Houston and Fort Worth. Blueprint marketed the properties on behalf of a court-appointed receiver. The assets were all built in the 1960s. A national owner acquired the properties for $28 million, and plans to lease the facilities out to multiple operators.

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AcquisitionsNewsVirginia

Goodwin Living Acquires Hermitage Northern Virginia in Alexandria

by Jeff Shaw

ALEXANDRIA, Va. — Goodwin Living has acquired Hermitage Northern Virginia, a senior living community in Alexandria. Pinnacle Living previously owned and operated the community, which features 100 units of independent living, assisted living and skilled nursing. Hermitage Northern Virginia becomes the third Goodwin Living senior living community in metro Washington, D.C. It will be renamed The View Alexandria by Goodwin Living. Joshua Bagley, administrator and guide of the Health Care Center at Goodwin House Alexandria, will serve as interim executive director at the community. The View Alexandria by Goodwin Living …

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AcquisitionsIdahoNews

Blueprint Negotiates Sale of Regency Columbia Village in Boise, Idaho

by Jeff Shaw

BOISE, Idaho — Blueprint Healthcare Real Estate Advisors has arranged the sale of Regency Columbia Village, a 60-unit seniors housing community in Southeast Boise. Regency Columbia Village consists of four pods with 15 units each. The type of care was not disclosed. The Cottages acquired the property from an undisclosed seller for an undisclosed price.

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AcquisitionsAssisted LivingCaliforniaNews

Kisco Senior Living Acquires 184-Unit The Kensington at Walnut Creek in California

by Jeff Shaw

WALNUT CREEK, Calif. — Kisco Senior Living has acquired The Kensington at Walnut Creek, an assisted living and memory care community in the Bay Area city of Walnut Creek. The Kensington will serve as Kisco’s second community in Walnut Creek, along with sister community Byron Park. The property features 184 one- and two-bedroom units.

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AcquisitionsNewsPeople

Lloyd Jones Hires David Grady to Lead Aviva Senior Living

by Jeff Shaw

MIAMI — Lloyd Jones, a real estate investment firm headquartered in Miami, has hired David Grady as president of its Aviva Senior Living subsidiary. The firm is expanding its senior housing platform throughout the country, with the acquisition of five communities since January and an additional four closings scheduled within the next two months. Grady will oversee the integration of the new acquisitions into the Aviva brand. With a master’s degree in healthcare administration as well as a Ph.D., Grady has spent his career in executive positions with major senior …

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AcquisitionsArizonaNews

CBRE Negotiates Sale of 170-Unit Andara Senior Living in Scottsdale, Arizona

by Jeff Shaw

SCOTTSDALE, Ariz. — CBRE National Senior Housing has arranged the sale of and acquisition financing for Andara Senior Living, a 170-unit luxury seniors housing community in Scottsdale. Built in 2010, the community is located in an affluent pocket of Scottsdale and nestled in the foothills of the McDowell Mountains. The campus features two three-story residential wings interconnected by a covered walkway. The community offers independent living and assisted living services. Reliant Group sold the property to a joint venture between Colonial Oaks Senior Living and Fortress Investment Group. Although the …

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