Assisted Living

AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 41-Unit Assisted Living Facility in Cumming, Georgia

by Channing Hamilton

CUMMING, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Country Gardens Lanier, a 41-unit assisted living facility in Cumming, approximately 40 miles northeast of Atlanta. SLIB was retained to solicit bids on behalf of the court-appointed receiver, GGG Partners. The buyer was a regional owner and operator seeking to expand its footprint across the Southeast.  Managing Director Daniel Geraghty and Senior Managing Director Bradley Clousing of SLIB handled this transaction. The buyer operates another seniors housing community in Forsyth County, Georgia, according to Geraghty, which “should …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingIndependent LivingKentuckyNews

Senior Living Investment Brokerage Arranges Sale of Four-Property Portfolio in Western Kentucky

by Channing Hamilton

HENDERSON, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a four-property portfolio in Henderson, located in western Kentucky along the Ohio River and approximately 11 miles south of Evansville, Ind. Known as the Colonial Portfolio, the properties in the transaction included Colonial Assisted Living (69 units), Colonial Court Independent Living (22 units), Colonial Senior Living (51 assisted living units) and Colonial Cottages (16 independent living units). The seller was a local owner who developed and operated the assets since their inception. The buyer was a Kentucky-based owner and operator looking to grow its portfolio …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceFloridaIndependent LivingMemory CareNews

JLL Capital Markets Closes Sale, Financing of Seniors Housing Community in South Florida

by Channing Hamilton

LAKE WORTH, Fla. — JLL Capital Markets has brokered the sale of Mariposa, a 313-unit seniors housing community in Lake Worth, located about 17 miles south of West Palm Beach and 20 miles north of Boca Raton. The real services firm also secured financing for the buyer. The seller and sales price were not disclosed, but the South Florida Business Journal reports that the facility sold for nearly $63.8 million. The seller was Ventas, the Chicago-based healthcare real estate investment trust. JLL represented the seller, and procured the buyer, Focus Healthcare Partners. Additionally, JLL …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingGeorgiaNews

Blueprint Brokers Sale of 61-Unit Assisted Living Community in Buford, Georgia

by Channing Hamilton

BUFORD, Ga. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 61-unit assisted living and memory care community in Buford, located 39 miles northeast of Atlanta. The buyer in the all-cash transaction was an acquirer of value-add properties. The seller was an institutional real estate and development firm. The names of the buyer and seller were not disclosed. Even though the property was at 73 percent occupancy and operating at a negative margin at the time of sale, the real estate asset’s potential attracted significant interest, particularly …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperations

Tempo of Deal Velocity Increases as Industry Enters Homestretch of 2024

by Channing Hamilton

By Matt Valley Following a quiet end-of-summer period on the dealmaking front — “quieter than it has been for years with the exception of the pandemic” — Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen encountered a flurry of transaction activity in late August and early September.  “It’s been gangbusters, and what we’re seeing is primarily seniors housing assets (independent living and assisted living) coming to market,” said the veteran REIT executive who participated in the webinar Seniors Housing Business hosted on Sept. 5, titled “Creating Value in Seniors Housing — …

Continue Reading
1 FacebookTwitterLinkedinEmail
The Retreat at Carrollton in Carrollton
AcquisitionsAssisted LivingNewsOperationsTexas

12 Oaks Senior Living Expands Management Portfolio with Retreat at Carrollton in Metro Dallas

by Channing Hamilton

CARROLLTON, Texas — 12 Oaks Senior Living has expanded its management portfolio with the addition of The Retreat at Carrollton, an assisted living community in Carrollton, located approximately 20 miles northwest of Dallas.  The 122-unit property opened early this year. A private equity group based in Dallas selected 12 Oaks to operate The Retreat at Carrollton. As part of this partnership, 12 Oaks will focus on optimizing operations, lease-up, enhancing resident experiences and achieving the owner’s business goals. The management team at 12 Oaks emphasizes the importance of resident-centered care, innovative …

Continue Reading
1 FacebookTwitterLinkedinEmail
Blossom Valley, Wenatchee, Washington
AcquisitionsAssisted LivingNewsOperationsWashington

American Healthcare REIT Acquires Four Communities in State of Washington

by Jeff Shaw

BATTLE GROUND, PORT ORCHARD and WENATCHEE, Wash. — Cogir Management USA Inc. and American Healthcare REIT (AHR) have expanded their relationship to 14 communities with AHR’s acquisition of four communities in the state of Washington. AHR acquired Mallard Landing in Battle Ground, Orchard Pointe in Port Orchard, Blossom Valley in Wenatchee and Blossom Creek in Wenatchee. This portfolio includes a total of 207 assisted living and memory care units. With this acquisition, Cogir now operates communities in Washington, California, Utah and North Carolina for AHR. Cogir also now manages 22 …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle

by Sarah Daniels

The Sept. 5 webinar “Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle,” sponsored by CBRE, brought together industry leaders to discuss the current trends shaping the seniors housing market, including occupancy rates, strategic investments and the evolving landscape of assisted living, memory care and independent living communities. This discussion covered innovative technologies, economic factors influencing cap rates, considerations about the future of care and analysis of increasingly sophisticated operations strategies. Expert panelists shared their experiences and projections for the sector, including the increasing demand for seniors housing …

Continue Reading
3 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingKentuckyNews

SLIB Negotiates Sale of 65-Unit Heritage Place in Owensboro, Kentucky

by Jeff Shaw

OWENSBORO, Ky. — Senior Living Investment Brokerage has arranged the sale of Heritage place, a 65-unit assisted living community in Owensboro, located southwest of Louisville and southeast of Evansville, Indiana. A large, regional owner-operator acquired the community from a Northeast-based owner that was divesting the only non-skilled nursing asset from a recent portfolio purchase. The price was not disclosed. The property was constructed in 2001 and sits on a 1.7-acre site. Daniel Geraghty, Brad Clousing and Jeff Binder of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNew YorkNews

SLIB Brokers Sale of 120-Bed Community in Western New York

by Jeff Shaw

WESTERN NEW YORK — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed Assisted Living Program (ALP) licensed facility in Western New York. Built in 1999, the community totals 60 units. The community can serve both private-pay and Medicaid residents. The seller is a nonprofit organization and seniors housing operator looking to scale back on its senior living presence. The buyer is a private owner with a focus on communities in New York that are licensed for ALP. This is the fourth community the Buyer has acquired. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts