BOCA RATON, Fla. — Blueprint has brokered the sale of a 145-unit assisted living and memory care property located in Boca Raton in South Florida. A South Florida-based developer acquired the property, The Atrium at Boca Raton, for an undisclosed price. The property was above 90 percent occupancy as of 2024, according to Blueprint. Operator Gold Standard of Care will partner with the buyer to guide operations and growth at the community. Ben Firestone, Jacob Gehl and Dillon Rudy of Blueprint represented the seller in the transaction.
Assisted Living
DALLAS — Unbridled Living has acquired The Reserve at North Dallas, a 273-unit independent and assisted living community located in Dallas. The seller was not disclosed. Built in 2000, the property features 247 independent living apartments and 26 assisted living units. Amenities at the community include a bistro, game room, wellness center, hair salon, library, media room, resident lounge and putting green. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Jim Dooley and Dan Baker of JLL brokered the sale on behalf of the seller. Allison Holland of JLL secured acquisition financing through …
DENTON, Texas — Helios Healthcare Advisors has brokered the sale of Fairhaven Denton Assisted Living in Denton, roughly 40 miles northeast of Fort Worth. Situated on 33 acres, the property was originally developed by the Denton Business & Professional Women’s Club in the mid-1950s. After operating for more than 40 years, the community closed in 2007. In 2019, Austin, Texas-based developer Investcor acquired Fairhaven and engaged in an $8 million renovation of the property, which is now featured on the National Register of Historic Places. Fairhaven reopened in fall 2020. The …
DEVON, Pa. — Juniper Communities has acquired The Devon Senior Living in Devon, a suburb located roughly 20 miles northwest of downtown Philadelphia. Totaling 90,865 square feet, the property features 65 assisted living apartments — called “personal care” apartments in the state of Pennsylvania — and 13 memory care units. Originally developed in 1892 as the Eliza Cathcart Home and expanded in 1896, the property was fully renovated this year. Juniper plans to implement additional design and program enhancements at the community, which has been renamed Juniper Village at Devon.
FORT COLLINS and WINDSOR, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado. Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings. A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller.
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 …
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.
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.
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. …
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.