Assisted Living

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JLL, HJ Sims Secure $134.3M Tax-Exempt Bond Financing for Seniors Housing Development in Orlando

by Hayden Spiess

ORLANDO, Fla. — JLL and HJ Sims have arranged $134.3 million in tax-exempt bond financing for a seniors housing development currently underway in Orlando.  Dubbed Millenia Moments Orlando, the community will feature 151 independent living, 78 assisted living and 32 memory care units. Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network (TBN), is the developer and borrower.  Completion of the facility, which will total 316,900 square feet, is scheduled for 2027. The community will feature floorplans in one- and two-bedroom layouts. Memory care residences will include 26 private …

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AcquisitionsAssisted LivingKentuckyNews

Blueprint Brokers Sale of 49-Unit Assisted Living Community in Richmond, Kentucky

by Hayden Spiess

RICHMOND, Ky. — Blueprint has brokered the sale of a 49-unit assisted living community located in Richmond, roughly 35 miles southeast of Lexington.  A Midwest-based private equity group acquired the property, which was built in 2009, for an undisclosed price. A New York-based owner and operator was the seller.  Kyle Hallion, Connor Doherty and Ryan Kelly of Blueprint arranged the transaction. 

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Miranda Sliter Kings III elevator code compliance seniors quote
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentSkilled NursingTechnology

Two-Way Audio-Visual Systems Offer Innovative, Reassuring Solutions for Elevator Emergencies

by Sarah Daniels

Elevators are something that most people take for granted until there’s a problem. Senior living residents may face various communication difficulties that can make elevators, and related emergencies, especially difficult to navigate. Hearing loss, vision impairments, difficulty speaking, confusion and anxiety can intensify the impact of mechanical malfunctions, medical emergencies or situations where residents become disoriented and unsure of their surroundings.  When dealing with these problems in a senior living setting, where residents are often in more vulnerable conditions, there is a heightened sense of urgency. Having both eyes and …

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AcquisitionsAssisted LivingCaliforniaMemory CareNewsSkilled Nursing

Marcus & Millichap Brokers $34.5M Sale of Two Properties in Los Alamitos, California

by Hayden Spiess

LOS ALAMITOS, Calif. — Marcus & Millichap has brokered the $34.5 million all-cash sale of two senior living properties located in Los Alamitos.  The properties include Alamitos West Health & Rehabilitation Center, a 142-bed skilled nursing facility and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care community. International Equity Partners was the buyer.  Nick Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the undisclosed seller in the transaction. Stahler procured the buyer. Tony Solomon is Marcus & Millichap’s broker of record in California. 

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

SantaFe Healthcare Sells 100-Acre Senior Living Property in Gainesville, Florida

by Hayden Spiess

GAINESVILLE, Fla. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities …

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Assisted LivingCompany NewsMemory CareNewsTennessee

American House, Curana Health Partner at 11 Communities Across Tennessee

by Hayden Spiess

SOUTHFIELD, Mich. — American House Senior Living Communities, a seniors housing owner and operator, has partnered with Curana Health at 11 of its Tennessee communities.  The collaboration provides on-site healthcare services to residents, including routine preventive primary care, illness appointments, 24-hour clinical support, care coordination and specialty appointment arrangement, chronic condition management, medication review and coordination of on-site phlebotomy and imaging.  Visits and services are covered by the patient’s health insurance and are billed by Curana.  Offering assisted living and respite care units, the properties include:  Each of the communities (with …

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AcquisitionsAssisted LivingMemory CareNewsSouth Carolina

SLIB Brokers Sale of 60-Unit Assisted Living, Memory Care Community in Greenville, South Carolina

by Hayden Spiess

GREENVILLE, S.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Shepherd’s Care Assisted Living and Memory Care Community in Greenville. The property totals 60 units.  Bob Jones University (BJU) sold the community to an undisclosed local investor, which has partnered with a Southeast-based operator.  Daniel Geraghty and Bradley Clousing of SLIB represented BJU in the transaction.  According to Geraghty, the buyer plans to renovate the property. 

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Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNewsPennsylvania

BWE Secures $308M Refinancing for Two Communities in California, Pennsylvania

by Hayden Spiess

LOS ANGELES and AMBLER, Pa. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing of a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located northwest of Los Angeles in Woodland Hills, California, The Variel is a 336-unit community that offers independent living, assisted living and memory care …

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Superior-Residences_Lecanto-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Brokers Sale of Five-Property Portfolio in Florida

by Hayden Spiess

TAMPA, Fla. — Continuum Advisors has brokered the sale of a five-property senior living portfolio located in central and northern Florida.  The communities, which were in receivership at the time of sale, include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville.  In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units.  Tampa-based Continuum arranged the sale on behalf of …

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AcquisitionsAssisted LivingNewsSkilled NursingTexas

Blueprint Brokers Sale of 106-Unit Assisted Living, Skilled Nursing Facility in Waco, Texas

by Hayden Spiess

WACO, Texas — Blueprint has brokered the sale of an assisted living and skilled nursing facility totaling 106 units in Waco.  Closed in 2018, the community was vacant at the time of sale. The property was built in 2015. Amenities at the facility include an outdoor courtyard, patio and putting green.  Amy Sitzman and Giancarlo Riso of Blueprint represented the undisclosed seller in the transaction. 

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