Saturday, February 1, 2025
Read the Magazine Subscribe

Assisted Living

AcquisitionsAssisted LivingNew JerseyNews

Sherman & Roylance Brokers Sale of 44-Unit Canterbury Village in West Orange, New Jersey

by Jeff Shaw

WEST ORANGE, N.J. — Sherman & Roylance has negotiated the sale of the former Canterbury Village, a 44-unit, 53-bed assisted living community in the New York City suburb of West Orange. The buyer was a private senior living operator led by industry veterans Scott Burman and Lorne Schechter. The price was not disclosed. Canterbury Village closed its doors in mid-2023 and was owned by Provident Bank at the time of sale. George Bingham of Sherman & Roylance represented Provident in the transaction. Canterbury was operated previously as an affiliate of …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingCaliforniaNews

CareTrust REIT Acquires Southern California Assisted Living Facility in Joint Venture Investment

by Jeff Shaw

SAN BERNARDINO, Calif. — CareTrust REIT Inc. (NYSE: CTRE) has acquired The Villas at San Bernardino, a 78-unit assisted living and memory care facility located in the Inland Empire city of San Bernardino. In connection with its acquisition of the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture arrangement under which CareTrust provided a combined common equity and preferred equity investment amount totaling $10.7 million.  CareTrust is the managing member of the joint venture entity. CareTrust’s initial contractual yield on its combined preferred …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingCaliforniaNews

SLIB Arranges Sale of 77-Unit Villas at San Bernardino in California

by Jeff Shaw

SAN BERNARDINO, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Villas at San Bernardino, a 77-unit assisted living and memory care community in California’s Inland Empire. Built in 2003, the property totals 43,197 square feet on 1.35 acres of land. This was the seller’s only remaining seniors asset, as it plans to exit the industry. The buyer was an in-state owner-operator looking to grow its footprint in California. The price was not disclosed. Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson of SLIB handled the …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of 173-Unit Portfolio in Florida

by Jeff Shaw

SPRING HILL, FORT MYERS, NICEVILLE and TALLAHASSEE, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of four assisted living communities totaling 173 units in Florida. The properties are located in the municipalities of Spring Hill, Fort Myers, Niceville, and Tallahassee. A seniors housing REIT sold the assets to an operator expanding in Florida. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsSouth Carolina

SLIB Negotiates Sale of 128-Unit Portfolio in South Carolina

by Jeff Shaw

SUMTER, CENTRAL and GREENWOOD, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of three assisted living communities in South Carolina. The properties are located in the cities of Sumter, Central and Greenwood. They total a combined 128 units. The seller was a seniors housing and healthcare real estate investment trust (REIT). The buyer was a Florida-based seniors housing operator with a regional presence in South Carolina. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentNew JerseyNews

Meyer Opens 76,700 SF The Chelsea at Washington Township in New Jersey

by Jeff Shaw

WASHINGTON TOWNSHIP, N.J. — Meyer has opened The Chelsea at Washington Township, a luxury assisted living and memory care community located in the Washington Township, a suburb of Philadelphia. Capitol Seniors Housing owns the two-story, 76,700 square-foot community, which Chelsea Senior Living operates. The asset features 85 residential units with one and two-bedroom options. Its opening marks the fourth senior living property Meyer completed in 2023.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsWashington

SLIB Negotiates Sale of 119-Unit Emerald City in Seattle

by Jeff Shaw

SEATTLE — Senior Living Investment Brokerage (SLIB) has arranged the sale of Emerald City, a 119-unit assisted living and memory care community in Seattle. Emerald City features 99 assisted living and 20 memory care units. It was built in 2006 with renovations in 2017. The property totals 88,839 square feet on approximately 0.8 acres of land. The seller was an out-of-state private equity group with a third-party operator. The buyer was an experienced regional owner-operator looking to expand its footprint in the Seattle MSA. The price was not disclosed. Jason …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingMississippiNews

SLIB Arranges Sale of 68-Unit Avonlea Assisted Living in Tupelo, Mississippi

by Jeff Shaw

TUPELO, Miss. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Avonlea Assisted Living, a 68-unit property in Tupelo. The community was built in 1999 and renovated in 2005. The seller is a publicly traded REIT. The buyer is a regional owner-operator based in Mississippi, that intends to renovate the asset and make significant upgrades to improve occupancy, revenue and overall bottom-line performance. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingKentuckyNews

Blueprint Negotiates Sale of 95-Unit Community in Fort Mitchell, Kentucky

by Jeff Shaw

FORT MITCHELL, Ky. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 95-unit assisted living and memory care community in Fort Mitchell, a suburb of Cincinnati in northern Kentucky. The property was built in the late 1990s. A regional owner acquired the property for an undisclosed price. The seller was a national developer/investor seeking an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. The communities were purchased in a sizable portfolio transaction pre-COVID, under a value-add thesis contemplating operator …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceNewsWisconsin

Ziegler Arranges Acquisition Financing for St. Elizabeth Manor 

by Jeff Shaw

WISCONSIN — Ziegler has acted as exclusive financial advisor to Opal Senior Living on obtaining financing for the acquisition of a 72-unit assisted living and memory care community located in Wisconsin named St. Elizabeth Manor. Ziegler provided structuring advice and loan placement services.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts