Thursday, January 30, 2025
Read the Magazine Subscribe

Assisted Living

Assisted LivingFinanceIndependent LivingNew MexicoNews

JLL Arranges Refinancing for 220-Unit Fairwinds Rio Rancho in New Mexico

by Jeff Shaw

RIO RANCHO, N.M. — JLL Capital Markets has arranged a refinancing for Fairwinds Rio Rancho, a three-story, 220-unit independent living and assisted living community located in Rio Rancho, a suburb north of Albuquerque. JLL represented the borrower, Lytle Enterprises, and secured the five-year, fixed-rate loan through a life insurance company. The amount of the loan was not disclosed. Fairwinds Rio Rancho totals 211,213 square feet. It was built in 1997 and renovated in 2019. Alanna Ellis, Jay Wagner, Aaron Rosenzweig and Alex Sheaffer led the JLL team.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsOhio

Walker & Dunlop Arranges $10.7M Sale of American House Macedonia in Ohio

by Jeff Shaw

MACEDONIA, Ohio — Walker & Dunlop Investment Sales (WDIS) has arranged the sale of American House Macedonia, a 100-unit assisted living and memory care community in the Northeast Ohio city of Macedonia. Sonida Senior Living Inc. (NYSE: SNDA) acquired the community for $10.7 million, bringing the total number of the company’s Ohio properties to 11. The seller was not disclosed. The asset, built in 2015, experienced operational challenges due to the COVID-19 pandemic, according to Walker & Dunlop.  Alex Vice, Joshua Jandris and Brett Gardner led the Walker & Dunlop …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultAssisted LivingCCRCFeaturesIndustry ContentMemory CareOperationsPeopleTechnologyVideosWebinars

Webinar: Resident-Focused Renovation — A Seniors Housing Success Story

by Sarah Daniels

The June 4 webinar Resident-Focused Renovation — A Seniors Housing Success Story explored a case study in renovation and elaborated on what this project reveals about key trends in seniors housing renovations. The discussion also covered best practices for renovating a senior living community with minimal disruption to residents as well as maximum energy and cost savings for owners and operators. Occupied renovation in the senior living space can be challenging, but all three panelists assert that keeping residents in place while upgrading technology can be a viable, cost-efficient option …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingGeorgiaNews

SLIB Negotiates Sale of 70-Unit Magnolia of Sharpsburg in Georgia

by Jeff Shaw

SHARPSBURG, Ga. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Magnolia of Sharpsburg, a 70-unit assisted living and memory care community in Sharpsburg, a suburb south of Atlanta. The community was built in 2021. A group of EB-5 investors sold the property to a Midwest-based developer for an undisclosed price. This was their first acquisition in Georgia. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTexas

JLL Brokers Sale of 90-Unit Sage Spring Senior Living in San Marcos, Texas

by Jeff Shaw

SAN MARCOS, Texas — JLL Capital Markets has arranged the sale of Sage Spring Senior Living, a community in San Marcos, located between Austin and San Antonio. JLL represented the seller, a joint venture between Bow River Capital and Investcor, and procured the buyer, Inspired Healthcare Capital. The price was not disclosed. Sage Spring Senior Living is a 90-unit assisted living and memory care community that opened in December 2020 and was stabilized at time of sale. San Marcos is one of the fastest growing cities in the nation with …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingGeorgiaNews

Berkadia Negotiates Sale of Two Seniors Housing Properties in Metro Atlanta

by Jeff Shaw

ATLANTA and MARIETTA, Ga. — Berkadia has arranged the sale of two assisted living and memory care communities in the Atlanta metropolitan area. The portfolio totals 146 units in Atlanta and the suburb ofMarietta. The seller was a publicly traded REIT. A regional owner-operator acquired the assets for an undisclosed price.  Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders led the Berkadia team.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingColoradoNews

Ziegler Brokers Sale of Bethesda Senior Living Community in Grand Junction, Colorado

by Jeff Shaw

GRAND JUNCTION, Colo. — Ziegler has acted as exclusive financial advisor to Bethesda Senior Living on the sale of an assisted living community located in Grand Junction, near the Utah border. Bethesda Senior Living is a faith-based, nonprofit operator of over 20 communities spanning the Midwest and West regions. Cornerstone Management purchased the community in conjunction with a private real estate fund and took over operations. The price was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingAssisted LivingDevelopmentIndianaNews

Evergreen Real Estate Group Completes $30M Assisted Living Community in Valparaiso, Indiana

by Jeff Shaw

VALPARAISO, Ind. — Evergreen Real Estate Group has completed Green Oaks of Valparaiso, a $30 million assisted living community for low-income seniors in Valparaiso, a city in northwest Indiana.  The three-story project includes 120 units and is located at 2550 W. Morthland Drive. All residences are reserved for seniors age 62 and older, with incomes at or below 60 percent of the area median income. A financial assistance program is available for qualified applicants. Evergreen Construction Co., a division of Evergreen Real Estate Group, served as the general contractor on …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentNewsWashington

Koelsch Nears Completion of $93M Belle Harbour Project in Bellevue, Washington

by Jeff Shaw

BELLEVUE, Wash. — Koelsch Communities has neared completion of Belle Harbour, a seniors housing community in Bellevue, a suburb of Seattle. The developer expects to open the $93 million project this summer. The campus comprises The Park at Belle Harbour, an assisted living community, and The Inn at Belle Harbour, a dedicated memory care community. Encompassing nearly three acres, the boutique campus features 145 suites across both buildings, with the assisted living community containing 73 private studios, one-bedroom and two-bedroom units. The memory care building has 72 suites ranging from …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNew JerseyNews

SLIB Negotiates Sale of 160-Unit Mattison Crossing in Freehold, New Jersey

by Jeff Shaw

FREEHOLD, N.J. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mattison Crossing at Manalapan Avenue, a 160-unit assisted living and memory care community in Freehold, approximately 50 miles south of New York City. Mattison Crossing features 199 beds.. The community’s performance was stabilized during the marketing period with opportunities for future growth, according to SLIB. The seller was a partnership between Stephanie Anderson and Steve Walling (SilverStone HCRE) and a private equity group located in the West. The buyer was a publicly traded REIT with an established …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts