Assisted Living

Kauhale-Otsego_Otsego-Mich
AcquisitionsAssisted LivingMemory CareMichiganNews

SLIB Arranges $10.6M Sale of Assisted Living, Memory Care Community Near Kalamazoo

by Hayden Spiess

OTSEGO, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the $10.6 million sale of Kauhale Otsego, an assisted living and memory care community located in Otsego, roughly 10 miles north of Kalamazoo and 40 miles south of Grand Rapids.  Constructed in 2016, the property totals 52 units. According to SLIB, the community was 86 percent occupied at the time of sale.  A regional owner acquired Kauhale Otsego from an undisclosed owner and operator. Daniel Geraghty, Bradley Clousing and Matthew Alley of SLIB brokered the transaction on behalf of the seller. 

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Morningstar-Happy0Valley_Portland, Ore
AcquisitionsAssisted LivingMemory CareNewsOregon

Harrison Street Acquires 87-Unit Assisted Living, Memory Community in Portland, Oregon

by Hayden Spiess

PORTLAND, Ore. — Harrison Street has acquired Morningstar at Happy Valley, an 87-unit assisted living and memory care community located in Portland.  Built in 2019, the property features 61 assisted living units and 26 private memory care units. Moving forward, the community will be rebranded as The Springs at Sunnyside, and The Springs Living will operate the property.  Amenities at the community include a 24-hour bistro, chapel, theater, library, general store, massage room, courtyards, a barbecue and fire pit, beauty salon, fitness room and raised garden beds.  Jay Wagner, Rick Swartz, …

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AcquisitionsAssisted LivingGeorgiaMemory CareNews

Berkadia Arranges Sale of 73-Unit Assisted Living, Memory Care Community in Metro Atlanta

by Hayden Spiess

DECATUR, Ga. — Berkadia has arranged the sale of Benton House Decatur, an assisted living and memory care community located in Decatur, approximately 10 miles northeast of downtown Atlanta. Principal Senior Living Group — a Georgia-based developer, owner and operator — sold the community to an undisclosed buyer.  The community was fully occupied at the time of sale.  Moving forward, the property, which totals 73 units, will be rebranded as The Retreat at Decatur. Phoenix Senior Living will operate the community on behalf of the new ownership.  Ross Sanders, Dave Fasano, Cody …

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Cedarbrook-Senior-Living_Tigard-Ore
Assisted LivingDevelopmentFinanceMemory CareNewsOregon

PLG Provides $25.6M C-PACE Financing for Seniors Housing Development in Oregon

by Hayden Spiess

TIGARD, Ore. — PACE Loan Group (PLG) has provided $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a seniors housing development currently underway in Tigard, roughly 10 miles outside downtown Portland. Mosaic is the developer and borrower.  Construction on the community, Cedarbrook Senior Living, began this year. Upon completion, which is scheduled for early 2028, the development will feature one four-story building with 107 assisted living units and 64 memory care beds.  PLG worked with Countryman Capital Partners to orchestrate the development’s capital stack. Financing for the project …

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AcquisitionsAssisted LivingKansasNews

Midwest Health Acquires 15-Property Assisted Living Portfolio in Kansas

by Hayden Spiess

TOPEKA, Kan. — Senior living provider Midwest Health Inc. has completed the acquisition of an assisted living portfolio totaling 15 properties in Kansas.  Together, the newly acquired properties total roughly 600 units. The communities are located in Atchison, Baldwin City, Gardner, Hiawatha, Holton, Lenexa, Louisburg, Osage City, Osawatomie, Ottawa, Overland Park, Paola, Tonganoxie, Wamego and Wichita. Previously operated under the Vintage Park brand, the communities will now operate under the Homestead Assisted Living banner.  Founded in 1977, Midwest Health is based in Topeka with a portfolio of more than 100 properties …

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Community_Anniston-Ala
AcquisitionsAlabamaAssisted LivingMemory CareNews

SLIB Arranges Sale of Recently Renovated Community in Alabama

by Hayden Spiess

ANNISTON, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a senior living community located in Anniston. Situated on 7.5 acres, the property features assisted living and memory care units.  A publicly traded REIT acquired the community from a Southeast-based owner exiting the industry. The property underwent a full interior renovation this year.  Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller. 

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Atrium-Boca-Raton_Boca-Raton-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Blueprint Brokers Sale of 145-Unit Senior Living Property in Boca Raton

by Hayden Spiess

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. 

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Reserve-North-Dallas_Dallas
AcquisitionsAssisted LivingIndependent LivingNewsTexas

Unbridled Living Acquires 273-Unit Independent, Assisted Living Community in Dallas

by Hayden Spiess

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 …

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AcquisitionsAssisted LivingNewsTexas

Helios Brokers Sale of Restored Assisted Living Facility in Dallas-Fort Worth Metro

by Hayden Spiess

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 …

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Devon-Senior-Living_Devon-Pa
AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Juniper Communities Acquires 90,865 SF Property in Pennsylvania

by Hayden Spiess

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.

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