Acquisitions

AcquisitionsColoradoFloridaIndianaNewsOklahomaWyoming

SLIB Arranges Sale of Five Communities Across Two Transactions

by Jeff Shaw

CHICAGO — Senior Living Investment Brokerage (SLIB), a Chicago-based brokerage firm, has arranged the sale of five communities totaling 440 units across two separate transactions. In the first acquisition, SLIB arranged the sale of four communities in Kokomo, Ind.; Pueblo, Colo.; Stillwater, Okla.; and Cheyenne, Wyo. The assets total 351 units and the portfolio averages 87 percent occupancy. The seller was a long-standing provider of seniors housing with a portfolio of over 30 communities. The buyer was a regional private equity group focused on the seniors housing space that aligned …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultIndianaNews

CBRE Arranges Sale of 356-Unit Residences at Merrillville Lakes in Indiana

by Jeff Shaw

MERRILLVILLE, Ind. — CBRE’s Indianapolis/Louisville multifamily team, in partnership with CBRE National Senior Housing, has arranged the sale of Residences at Merrillville Lakes. Located in Merrillville, near the Illinois border south of Chicago, the active adult community features 356 units averaging 890 square feet. The seller was an entity controlled by the principals of two Chicago-based companies, Oculus Development and UIRC. The buyer and price were not disclosed. Steve LaMotte Jr., Dane Wilson, John Sweeny, Aron Will, Garrett Sacco and Scott Bray led the CBRE team.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFloridaNewsSkilled Nursing

SRS Brokers $46.7M Sale of Skilled Nursing Facility in Fort Myers, Florida

by Jeff Shaw

FORT MYERS, Fla. — SRS Real Estate Partners has brokered the sale of a 75-bed skilled nursing facility located at 13960 Plantation Road in Fort Myers. An entity doing business as Plantation Medical Center SNU LLC sold the property to a private 1031 investment firm based in New York City for $46.7 million. Patrick Nutt and William Wamble of SRS’ National Net Lease Group represented the seller in the off-market transaction, and Jason Maier of Stan Johnson Co. represented the buyer. Built in 2018, the 57,650-square-foot property is situated adjacent …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsMichiganNews

Capital Real Estate Group Negotiates $32.5M Sale of Two-Property Portfolio in Central Michigan

by Jeff Shaw

MICHIGAN — Capital Real Estate Group (CREG), through its U.S. Healthcare Investment Sales practice, has arranged the sale of a two-property seniors housing portfolio in Central Michigan. The properties total 139 units across 126,000 square feet. The two communities are located adjacent to one another and are spread over 13.5 acres. The portfolio’s unt mix comprises 88 assisted living units, 33 independent living units and 18 memory care units. The portfolio is over 80 percent leased and has maintained that occupancy on average for the past two years. A publicly …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAlabamaAssisted LivingNews

SLIB Arranges Sale of Assisted Living Community in Madison, Alabama

by Jeff Shaw

MADISON, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community in Madison, a suburb of Huntsville. A local ownership group of physicians that originally developed the asset was the seller. The building was not fully stabilized with respect to rental rates or expenses, but was near full occupancy at the close of escrow according to SLIB. The buyer, an Alabama-based owner-operator, plans to stabilize the asset and hold it over the long term. Brad Clousing and Daniel Geraghty led the …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultGeorgiaNews

Northland Acquires 210-Unit Emblem Active Adult Community in Alpharetta, Georgia

by Jeff Shaw

ALPHARETTA, Ga. — Northland, a private equity investor based in Newton, Mass., has purchased Emblem Alpharetta, a 210-unit active adult community in the north Atlanta suburb of Alpharetta. Situated on seven acres, the property was fully occupied at the time of sale and represents the fourth Georgia acquisition for Northland this year, but the first active adult acquisition in its portfolio. The seller and price were not disclosed. Emblem Alpharetta comprises one- and two-bedroom apartments in a four-story building that centers around a resort-style pool and sundeck. Units are reserved …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsSkilled NursingWashington

Blueprint Negotiates Sale of 92-Unit Pinewood Terrace in Colville, Washington

by Jeff Shaw

COLVILLE, Wash. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Pinewood Terrace, a 92-unit skilled nursing facility located in Colville, a tiny city of fewer than 5,000 residents in the northeastern corner of Washington State. Cascadia Healthcare acquired the property for an undisclosed price. The seller was looking to exit Washington for states with more favorable reimbursement rates and lower regulatory hurdles. Cascadia, meanwhile, is growing its regional team in the Washington and northern Idaho markets to help with quality of care and synergy between local buildings.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingDevelopmentFinanceNewsNorth Dakota

Colliers Mortgage Provides $10.9M HUD Loan for Portfolio in Grand Forks, North Dakota

by Jeff Shaw

GRAND FORKS, N.D. — Karen Dubrosky and Frank Hogan of the Minneapolis office of Colliers Mortgage and Colliers Securities, respectively, have closed a $10.9 million HUD loan for the acquisition and rehabilitation affordable housing portfolio in Grand Forks. Located near the Red River, which forms the border between Minnesota and North Dakota, the portfolio totals 182 units of affordable housing across three properties. University Square includes 60 multifamily units, Columbia Square East includes 50 seniors housing units and Columbia Square South includes 72 multifamily units. All units are covered by …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultNewsUtah

Institutional Property Advisors Arranges Sale of 277-Unit Active Adult Community Near Salt Lake City

by Jeff Shaw

DRAPER, Utah — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Ivy at Draper, a 277-unit active adult community in Draper, a southern suburb of Salt Lake City. Ivy at Draper features freeway access, with connectivity to interstates 15, 215 and 80 and immediate access to Bangerter Highway, a main thoroughfare throughout the Wasatch Front. The buyer, seller and price were not disclosed. “Draper City’s prestigious location at the Point of the Mountain, in the south end of Salt Lake Valley and …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAlabamaAssisted LivingNews

SLIB Negotiates Sale of 46-Unit Heritage Assisted Living in Madison, Alabama

by Jeff Shaw

MADISON, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Heritage Assisted Living and Memory Care, a 46-unit seniors housing community. Located in Madison, a western suburb of Huntsville, the community is in a growing residential, medical and commercial corridor. The units are split as 30 for assisted living and 16 for memory care on a 4.9-acre site. The seller was a local ownership group of physicians who had originally developed the asset. The building was not fully stabilized regarding rental rates or expenses, but was near …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts