GRAPEVINE, Texas — Pegasus Senior Living will assume the management of eight communities in Texas and New Mexico. The Properties are currently operated by LifeWell Senior Living under its Legacy brand name. The eight communities collectively total 652 units. All locations offer both assisted living and memory care. With the addition of the eight LifeWell communities, Pegasus will operate 43 senior living communities, with 13 located in Texas and New Mexico. Further details were not disclosed.
ATLANTA — Isakson Living has named Hayden Herrick as executive director of assisted living and memory care at The Terraces at Peachtree Hills Place, which provides assisted living, memory care, skilled nursing and short-term rehabilitation in a luxury residential community for those 55 and older in the Buckhead neighborhood of Atlanta. Herrick will be responsible for daily operations, including management, staffing and regulatory compliance. He will report to Greg Heath, who served as interim executive director of assisted living and memory care for The Terraces at Peachtree Hills Place concurrently …
TAMPA, Fla. — Berkadia has arranged the sale of a four-property, 334-unit assisted living and memory care portfolio along Florida’s West Coast. Brooks Minford of Berkadia Seniors Housing & Healthcare closed the transaction on behalf of two separate sellers. The buyer of all four properties, a Central Florida-based family office, paid $42.6 million for the acquisition. In the first transaction, a Florida-based seniors housing and multifamily developer sold one 79-unit assisted living and memory care community. In the second transaction, an East Coast-based private equity firm sold three assisted living …
WASHINGTON — The Zett Group, led by Blake Bozett, has arranged the sale of a 60-unit assisted living and memory care community in Central Washington. The seller was an owner-operator that ran the community for 33 years. A Seattle-based owner-operator acquired the property for an undisclosed price in an all-cash deal. Randi Nathanson and Parisa Zarelli of Lane Powell PC helped navigate the complexities of the transaction.
NAMPA, Idaho — The Zett Group, led by Blake Bozett, has arranged the sale of Streamside Assisted Living and Memory Care in Nampa, approximately 20 miles west of Boise. The property features 79 total units. A regional owner-operator based out of Oregon sold the asset to a national owner-operator from California looking to expand its footprint in the state Idaho. The price was not disclosed.
CLERMONT, OCOEE and OVIEDO, Fla. — Atlas Senior Living and affiliate company Salta Capital have acquired three senior living communities in the Orlando suburbs of Clermont, Ocoee and Oviedo. The communities, which offer assisted living and memory care services, have consistently maintained high occupancy rates, according to Atlas. Atlas and Salta plan to implement a $1.5 million renovation plan across the properties. These capital improvements aim to enhance the living standards and amenities.
ALPHARETTA, Ga. — Berkadia has arranged the sale of an 85-unit assisted living and memory care community in Alpharetta, a suburb north of Atlanta. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders led the Berkadia team in representing the seller, a publicly traded REIT. The asset, part of a three-property portfolio, was purchased by a regional owner/operator. The first two properties in the portfolio closed in May. The price and other details were not disclosed.
TULSA, OKLA. — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Heatheridge Assisted Living, an 87-unit seniors housing property located just outside the downtown Tulsa area. Built in 1990, the property offers one-bedroom units with four different floor plans and amenities such as a laundry room, entertainment room, outdoor courtyard and full-service salons. Jon Krebbs of TMG brokered the deal. The buyer and seller were not disclosed.
JOLIET, Ill. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 136-unit assisted living and memory care community in the Chicago suburb of Joliet. The two-building campus features dedicated assisted living and memory care buildings that were built in 1999 and 2007, respectively. The seller made approximately $1.3 million of capital expenditure investments since 2016. The buyer was a local owner-operator. The seller and price were not disclosed. Giancarlo Riso, Lauren Nagle, Brooks Blackmon and Amy Sitzman led the Blueprint team.
NEW BRAUNFELS, Texas — LifeCare Properties (LCP) has sold The Blake at New Braunfels to Inspired Healthcare Capital for an undisclosed price. The Blake at New Braunfels is a 112-unit assisted living and memory care community in New Braunfels, northeast of San Antonio in the heart of Texas Hill Country. Built in 2021, the Class A property features 71 assisted living units and 41 memory care units. Blake Management Group will continue to operate the property under the new ownership. Cody Tremper and his team at Berkadia Seniors Housing & …
