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Assisted Living

Cedar Sinai Park in Portland
AcquisitionsAssisted LivingNewsOregonSkilled Nursing

Cedar Sinai Park Sells 246-Unit Seniors Housing Campus in Portland, Oregon

by Channing Hamilton

PORTLAND, Ore. — Nonprofit Cedar Sinai Park has sold its namesake seniors housing campus totaling 246 units in southwest Portland. Situated within four miles of downtown Portland, the Cedar Sinai Park campus comprises Rose Schnitzer Manor, a 154-unit assisted living community; Robison Jewish Health Center, a 44-bed skilled nursing facility; and the Harold Schnitzer Center for Living, a 48-bed skilled nursing facility. Built in 2016, the Harold Schnitzer Center for Living also offers adult day care services. Rose Schnitzer Manor was constructed in 1998 and 2002, and Robison Jewish Health Center …

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HarborChase Wellington Crossing in Wellington, Florida
AcquisitionsAssisted LivingFloridaMemory CareNews

JLL Capital Markets Brokers Sale of HarborChase Wellington Crossing in South Florida

by Channing Hamilton

WELLINGTON, Fla. — JLL Capital Markets has brokered the sale of HarborChase Wellington Crossing, a 134-unit, Class A seniors housing community in Wellington, located about 15 miles southwest of West Palm Beach. A partnership between Scarp Ridge Capital Partners and Walton Street Capital acquired the community and selected Agewell Solvere Living as the operator. The buyer has also rebranded the property, which now operates under the name Alamar Senior Living. The name of the seller was not disclosed. Completed in late 2018, HarborChase Wellington Crossing consists of 76 assisted living units and 58 memory care units. …

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Thrive at Montvale in Montvale, New Jersey
Assisted LivingFinanceIndependent LivingMemory CareNew JerseyNews

Mesa West Capital Provides $57M Loan to Refinance Senior Living Community in Northern New Jersey

by Channing Hamilton

MONTVALE, N.J. — Mesa West Capital has provided a joint venture entity with a $57 million loan to refinance Thrive at Montvale, a 203-unit seniors housing community in Montvale, an affluent New York City suburb located 30 miles north of the city. The joint venture is comprised of AEW Capital Management, Thrive Senior Living and Pike Construction. The five-year, floating-rate loan is secured by the 11.5-acre community built in 2022 by Thrive, an Atlanta-based senior living development and investment firm, and Pike, a New Jersey-based developer and general contractor. Thrive at Montvale is …

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Regency House Alexandria in Alexandria, Louisiana
AcquisitionsAssisted LivingLouisianaNewsSkilled Nursing

Blueprint Negotiates Sale of Assisted Living, Skilled Nursing Facility in Central Louisiana

by Channing Hamilton

ALEXANDRIA, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Central Louisiana’s Alexandria, which lies on the south bank of the Red River. The seller was a local owner-operator. The buyer was a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan. Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts …

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The Goldton at Venice in Nokomis, Florida
Assisted LivingFloridaIndependent LivingMemory CareNews

Upscale Senior Living Community Near Sarasota, Florida, Shelters 200 Hurricane Evacuees

by Channing Hamilton

NOKOMIS, Fla. — The Goldton at Venice — a seniors housing community located in Nokomis, roughly 20 miles south of Sarasota — recently sheltered 200 individuals during Hurricane Milton. Located in a non-flood zone approximately two miles from Sarasota Memorial Hospital, the community hosted staff, family members and loved ones of residents and evacuees from Venice Island and flood zones. Hurricane Milton made landfall Wednesday, Oct. 9, with most of the guests departing the community by the following Friday, Oct. 11. Totaling 167 apartments, The Goldton at Venice offers 114 independent …

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Sonoma House Assisted Living in Carrollton, Texas
AcquisitionsAssisted LivingMemory CareNewsTexas

ESI Brokers $9.2M Sale of Sonoma House Assisted Living in Carrollton, Texas

by Channing Hamilton

CARROLLTON, Texas — Evans Senior Investments (ESI) has arranged the $9.2 million sale of Sonoma House Assisted Living, a 96-unit community in Carrollton, located about 20 miles northwest of Dallas. The buyer was Jaybird Senior Living, an owner-operator based in Cedar Rapids, Iowa. This acquisition marks the company’s first venture into the Texas market. Sonoma House had been a family-owned and operated nonprofit community since its establishment in 2014. Known for its residential-style environment, the community consists of 33 assisted living units and 63 memory care units spread across seven …

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An undisclosed community in Silverdale, Washington
Assisted LivingIndependent LivingMemory CareNewsWashington

Live Oak Bank Provides $47.5M Bridge Loan for Seniors Housing Community in Metro Seattle

by Channing Hamilton

SILVERDALE, Wash. — Live Oak Bank has provided a $47.5 million bridge loan for the financing of an undisclosed seniors housing community located in Silverdale, roughly 25 miles northwest (approximately 70 miles by vehicle) of Seattle. Built in 2022, the property comprises 172 independent living, assisted living and memory care units. The borrower is a Florida-based owner of seniors housing communities. The financing features a three-year initial term and 24 months of interest-only payments. Loan proceeds were used to retire the existing debt, with $4 million in potential future earnout proceeds.

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HarborChase of Wilmington in Wilmington, Delaware
AcquisitionsAssisted LivingDelawareMemory CareNews

JLL Brokers $45M Sale of Luxury Seniors Housing Community in Delaware

by Channing Hamilton

WILMINGTON, Del. — JLL Capital Markets has arranged the $45 million sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, roughly 30 miles southwest of Philadelphia. JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded real estate investment trust.  Originally constructed in 2018, HarborChase of Wilmington is one of the newest seniors housing communities in the state of Delaware and is the newest facility in its primary market by …

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The Manhattan-St. Petersburg in St. Petersburg, Florida
Assisted LivingCCRCFinanceFloridaIndependent LivingNews

Ziegler Arranges $29.4M in Bond Financing for Planned Continuing Care Retirement Community in St. Petersburg, Florida

by Channing Hamilton

ST. PETERSBURG, Fla — Ziegler has arranged $29.4 million in bond financing for Convivial St. Petersburg LLC, which plans to develop a continuing care retirement community (CCRC) on a 5.2-acre site in St. Petersburg.  The Series 2024 Revenue Bond Anticipation Notes are comprised of $23.4 million of tax-exempt Series 2024A Notes sold publicly to institutional investors, and $6 million of subordinate tax-exempt and taxable notes purchased by an affiliate of the developer and manager of the project. The borrower will use the proceeds of the revenue bond anticipation notes to fund …

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Stonehaven Assisted Living in Maumelle, Arkansas
AcquisitionsArkansasAssisted LivingNews

ESI Brokers Sale of Stonehaven Assisted Living in Maumelle, Arkansas

by Channing Hamilton

MAUMELLE, Ark. — Evans Senior Investments (ESI) has arranged the sale of Stonehaven Assisted Living, a 60-unit facility in Maumelle, an affluent community located about 17 miles northwest of Little Rock. ESI represented the seller, a national healthcare system, in the transaction. The sales price was undisclosed. The buyer was a private company that partnered with a Midwest-based operator, and the deal marked their second investment in Arkansas. Stonehaven, which opened in 2007, has long served both private pay and Medicaid residents. However, over the past year, Stonehaven faced some major difficulties, …

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