Assisted Living

Rivertown-Ridge_Wyoming-Mich

WYOMING, Mich. — Berkadia has brokered the sale of Rivertown Ridge, a senior living property located in Wyoming, a suburb of Grand Rapids.  Built in 2020, the community features 152 units and offers independent living, assisted living and memory care.  CPF Living is the buyer, and its wholly owned management company, Grace Management, will operate the property on behalf of CPF. Redstone Homes, the seller, developed the property and assumed operation of the community in 2023. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia arranged the sale on …

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WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care portfolio located in the state of Missouri. The portfolio comprises seven properties built between 2014 and 2020.  An undisclosed real estate investment firm was the buyer. An East Coast-based operator will manage the properties on behalf of the buyer.  Ryan Saul, Jeff Binder and Bradley Clousing of Illinois-based SLIB brokered the transaction. 

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FILLMORE and SAN BERNADINO, Calif. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower.  The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity.  Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio. 

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Senior-Living-Community_Ocean-Springs-Miss

OCEAN SPRINGS, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast.  Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale.  The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price.  …

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LAKELAND, Fla. — Berkadia has brokered the sale of a 156-unit senior living community located in Lakeland in central Florida.  A Florida-based family office purchased the property, which features independent living, assisted living and memory care residences. The seller was a Tampa-based real estate investment group.  Brooks Minford of Berkadia represented the seller in the transaction. 

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WEST PALM BEACH, Fla. — BHI, the U.S. branch of Bank Hapoalim, has provided a $29 million loan for the refinancing of an assisted living and skilled nursing facility located in West Palm Beach. Gold Standard of Care Group was the borrower.  Totaling 70,272 square feet, the property was originally built in 1995. Significant renovations were completed in 2023 and 2024. Amenities at the community include a salon, bistro, chapel, courtyard, concierge, game room, gym, library, transportation, lounges, private dining and a spa room. Colonial Assisted Living operates the facility. 

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Clarisa James Kings III Emergency systems quote from article

Establishing trust is an ongoing challenge for many seniors housing communities, with operators continually working to draw in new residents while simultaneously recruiting staff in an industry plagued by high turnover and labor gaps. In both efforts, evidence of the owner’s commitment to safety infrastructure can be a deciding factor that brings people in for the long term, according to Clarisa James, national vertical sales director at Kings III Emergency Communications. “Families want reassurance that loved ones are safe, not only in their living areas but throughout the community,” James …

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Cypress-Court_San-Diego

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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Livelle-Mulholland_Woodland-Hills-Calif

WOODLAND HILLS, Calif. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles.  Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community.  Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms.  Construction …

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Hayden-Grove_Bloomington-Minn

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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