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.
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 …
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 …
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.
New tools are helping seniors housing providers detect fall risks early, giving them an edge in prevention while preserving residents’ privacy and dignity. This technology is part of a new frontier in healthcare: tracking and identifying changes in behavior earlier and earlier while providing tailored alerts and wellness insights to improve outcomes. “We are always looking for opportunities to reduce falls and maintain, or improve, the overall health and wellbeing of our residents,” says Mark Mountel, director of technology at Life Enriching Communities (LEC). The not-for-profit owner and operator of …
LOS ANGELES — Clearwater Living is currently underway on the development of a new, 100-unit senior living community in the Beverly Grove neighborhood of Los Angeles. Upon completion, the property will total 100 studio, one- and two-bedroom apartments across seven stories, including assisted living, memory care and short-term residences. Amenities at the community, dubbed The Leonard on Beverly, will include a movie theater, rooftop terrace, restaurant, private dining space and exhibition kitchen. The development will also feature 7,000 square feet of medical office space and a 6,000-square-foot synagogue. The community is …
PARAMUS, N.J. — Juniper Communities, a senior living community owner and operator, has entered into a strategic partnership with National Health Investors (NHI). As part of the partnership, Juniper will operate Juniper Village at Paramus in Paramus on behalf of NHI, which recently acquired the community. Totaling 120 units, the property features 98 assisted living residences and a 22-unit memory care wing. Juniper first assumed management of the property in February 2021. “We are thrilled to continue our long-term commitment to Juniper Village at Paramus and partner with NHI,” says Lynne …
SACRAMENTO, Calif. — Alta Senior Living has acquired a 162-unit seniors housing community located in Sacramento. Alta purchased the property with joint venture partner Brasa Capital Management. Formerly known as The Village at Heritage Park, the property will be rebranded as Rose Arbor Village. Built in 2017, the community features independent living, assisted living and memory care residences. Alta plans to implement a repositioning strategy that includes upgrading amenities, strategic lease-up initiatives and enhancing resident engagement. “We’re excited to add another full continuum community to our portfolio at an attractive basis …
BETHESDA, Md. — Solera Senior Living has acquired Brightview Bethesda Woodmont, an assisted living and memory care community located in Bethesda. Brightview Senior Living was the seller. Solera will rebrand the community, which totals 113 units across eight stories, as Modena Reserve at Bethesda. Amenities at the property include rooftop decks, a formal dining room, upscale pub, multipurpose room for entertainment and gatherings, private dining room, library, fitness center, beauty and barber shop, movie theater and 24-hour concierge services. Solera also plans to reopen the community’s café, which will feature craft-brewed …
MANKATO, Minn. — Colliers Mortgage has arranged a $24 million HUD loan for the refinancing of a senior living community located in Mankato. The Pillars of Mankato totals 118 units with assisted living and memory care residences. Amenities at the property include community and activity rooms, a library, salon and putting green. Sam Butler of Colliers secured the loan, which carries a 35-year amortization, on behalf of the borrower, Tunbridge Peak LLC.
