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Assisted Living

AcquisitionsAssisted LivingNewsUtah

SLIB Negotiates Sale of Two Communities in Utah

by Jeff Shaw

SANDY and DRAPER, Utah — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Utah. The properties are located just a few miles from each other in the southern Salt Lake City suburbs of Sandy and Draper. The communities were built in 2001 and consist of a total of 140 units. The properties total 35,334 and 53,255 square feet, and are situated on approximately 1.56 and 2.10 acres of land. The seller is a private equity group divesting to focus on …

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AcquisitionsAssisted LivingIowaKansasNews

Blueprint Arranges Sale of Two Assisted Living Communities in the Midwest

by Jeff Shaw

IOWA and KANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities in Iowa and Kansas. Both communities were originally constructed in the mid- to late 90s, were purpose built for assisted living, and are located in markets with strong senior demographics, according to Blueprint. Blueprint marketed the opportunity as a component of two larger portfolios that totaled 23 seniors housing communities throughout the Southeast, Midwest and Mid-Atlantic. The buyer was a regional owner-operator. The seller, price, and names and locations of the communities …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 94-Unit Personal Care Community in Georgia

by Jeff Shaw

GEORGIA — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 94-unit personal care community in Georgia.  The buyer is a regional owner-operator looking to make significant capital improvements to the community.  Daniel Geraghty and Bradley Clousing led the transaction for SLIB. Further details were not disclosed.

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AcquisitionsAssisted LivingNewsOhio

Blueprint Arranges Sale of 101-Unit Anthology of Mason in Ohio

by Jeff Shaw

MASON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Anthology of Mason, a 101-unit assisted living and memory care community in the Cincinnati suburb of Mason. The seller was Anthology Senior Living, with is a subsidiary of CA Ventures. Community First Solutions, an institutional investor with an all-cash offer, acquired the property for an undisclosed price. The community opened in late 2017 with an adjacent parcel of land well suited to an independent living expansion. Anthology elected to sell the community to recycle capital.  The Blueprint …

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Assisted LivingNewsOperationsSouth Carolina

SRI Management Takes Over Operations at Vineyard Bluffton in South Carolina

by Jeff Shaw

BLUFFTON, S.C. — SRI Management, in conjunction with Bourne Financial Group, has taken over operations of Vineyard Bluffton in the coastal town of Bluffton. Vineyard Bluffton offers 63 assisted living units and 32 memory care units near the scenic coastal region of Hilton Head Island. The Vineyard Bluffton community is the sixth senior living community for SRI Management in South Carolina. Five are operational, with one currently under construction.

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AcquisitionsAssisted LivingMinnesotaNews

Vista Prairie Communities Acquires Two Ridgeway Properties in New Ulm, Minnesota

by Jeff Shaw

NEW ULM, Minn. ­— Ridgeway Senior Living and Vista Prairie Communities have completed the transition of ownership for both HADC Ridgeway senior communities located in New Ulm, approximately 90 miles southwest of Minneapolis.  The two properties, Ridgeway on German and Ridgeway on 23rd, provide assisted living and memory care services in 116 apartments. Housing Alternatives Development Corp. (HADC) and Vista Prairie Communities (VPC), both Minnesota-based nonprofits, completed the ownership transition effective Sept. 30. Vista Prairie Communities, ranked in the nation’s 200 largest nonprofit senior living multi-sites, will now own 10 …

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Assisted LivingDevelopmentMissouriNews

IMPACT Strategies Opens 83-Unit Newbridge Retirement Community in Cape Girardeau, Missouri

by Jeff Shaw

CAPE GIRARDEAU, Mo. — IMPACT Strategies has completed construction of Newbridge Retirement Community, a senior living facility in Cape Girardeau, located along the Mississippi River approximately midway between St. Louis and Memphis. The 75,000-square-foot luxury retirement community features 83 units of assisted living and memory care Project partners included Vessel Architecture, Bowen Engineering & Surveying and SSC Engineering.

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AcquisitionsAssisted LivingCaliforniaNews

JCH Negotiates Sale of 25-Unit Community in California’s Central Coast

by Jeff Shaw

CALIFORNIA — JCH Senior Housing Investment Brokerage has arranged the sale of a 25-Unit assisted living facility on the Central Coast of California.  The seller was a longtime family owner. The licensee of the property passed away during the sale process, leading the buyer to choose an alternate use for the asset. All residents were relocated to other senior living properties as a result. Cindy Hazzard and Jennifer Contreras led the JCH team. Further details on the transaction were not disclosed.

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ArizonaAssisted LivingDevelopmentNews

Cogir, Ryan Cos. Open 147-Unit ACOYA Shea in Scottsdale, Arizona

by Jeff Shaw

SCOTTSDALE, Ariz. — Cogir Senior Living and Ryan Cos. US Inc. have opened ACOYA Shea, an independent living, assisted living and memory care community in the Phoenix suburb of Scottsdale. The community features 147 units in a four-story building. “ACOYA Shea is located right in the heart of Scottsdale, and residents will be able to enjoy the walkability of the community and the proximity to all that the area has to offer,” says Dave Eskenazy, chief executive officer of Cogir Management USA. Cogir Senior Living develops, owns and/or operates 60 …

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