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Assisted Living

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Assisted LivingCaliforniaDevelopmentFinanceMemory CareNews

Quality Senior Housing Foundation, Sunrise Senior Living Receive $80.1M Financing for New Community in Southern California

by Hayden Spiess

LONG BEACH, Calif. — Quality Senior Housing Foundation and Sunrise Senior Living have received $80.1 million in financing for the development of a new community in Long Beach. JLL Capital Markets and H.J Sims arranged the tax-exempt bond financing on behalf of the borrowers.  Quality Senior Housing Foundation will own the community, which Sunrise Senior Living will operate. Upon completion, the property — Sunrise of Long Beach — will comprise 102 licensed beds across 86 apartments. Residences will include 62 assisted living units and 24 memory care units. Sunrise Development Inc. …

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AcquisitionsAssisted LivingMemory CareNewsTexas

Sonida Acquires 98-Unit Community in Dallas-Fort Worth Metro

by Hayden Spiess

MANSFIELD, Texas — Sonida Senior Living has completed the acquisition of a 98-unit community located in Mansfield. Sonida purchased the property for $15.6 million, funding the transaction with cash on hand and proceeds from its senior secured revolving credit facility.  Built in 2016, the property features 62 assisted living and 36 memory care residences and is situated directly across form a 294-bed hospital. Sonida plans to complete aesthetic improvements to common areas and amenity spaces over the next year.  This acquisition brings Sonida’s total Texas portfolio to 21 properties. 

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Assisted LivingFinanceMemory CareNewsTexas

Helios Arranges $10.7M Refinancing for Assisted Living, Memory Care Portfolio in Metro San Antonio 

by Hayden Spiess

SAN ANTONIO, Texas — Helios Healthcare Advisors has arranged a $10.7 million HUD-insured refinancing for a portfolio comprising 76 assisted living and memory care units in the San Antonio metro.  Located within two suburbs of San Antonio, the units are situated within two communities.  Prior to securing this refinancing, Helios arranged an 18-month bridge loan to recapitalize the properties. The borrower is a regional owner and operator with a portfolio comprising more than 700 units within Texas. 

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AcquisitionsAssisted LivingKentuckyMemory CareNews

DMK Development Group Sells Four Properties for $65.3M 

by Hayden Spiess

LOUISVILLE and LEXINGTON, Ky. — DMK Development Group has sold four senior living properties for a total $65.3 million. American Healthcare REIT was the buyer.  Located in the Louisville and Lexington metros, the portfolio totals 316 units, with assisted living and memory care residences. Each of the properties was opened between 2020 and 2022.  Trilogy Health Services managed the properties through lease-up and stabilization. 

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsSouth Carolina

Acts Retirement-Life Communities Plans Expansion at Park Pointe Village in South Carolina

by Hayden Spiess

ROCK HILL, S.C. — Nonprofit owner and operator Acts Retirement-Life Communities has announced plans for the expansion of Park Pointe Village in Rock Hill.  Upon completion, the project will add 130 new independent living units, including both apartments and carriage homes, as well as 20 assisted living suites and a memory care neighborhood. In addition, Acts plans to develop an 18,000-square-foot clubhouse as part of the expansion. Plans also feature new indoor and outdoor amenities, including walking trails, pickleball courts and new restaurants and gathering spaces.  Acts currently manages 28 senior …

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AcquisitionsAssisted LivingMemory CareNewsOregon

SLIB Arranges Sale of Vacant 44-Unit Community in Metro Portland, Oregon

by Hayden Spiess

SANDY, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mount Hood Senior Living, a vacant 44-unit assisted living and memory care community located in Sandy, roughly 30 miles southeast of Portland.  Totaling 26,000 square feet, the property was updated in 2022. A local operator acquired the community, which it plans to reopen.  Jason Punzel, Vince Viverito, Brad Goodsell, Jake Anderson and Taylor Graham of SLIB brokered the transaction. 

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Assisted LivingDevelopmentIndependent LivingMemory CareMinnesotaNews

Kraus-Anderson Completes $41.8M Expansion at Trillium Woods in Plymouth, Minnesota

by Hayden Spiess

PLYMOUTH, Minn. — Construction firm Kraus-Anderson has completed the second phase of a $41.8 million expansion at Trillium Woods, a senior living community located in Plymouth.  Designed by Pope Design Group, the expansion totals 160,321 square feet across five stories and adds 18 assisted living units, 16 memory care units, 52 independent units and 67 underground parking spaces.  Construction on the project began in April 2024.  Amenities at Trillium Woods include an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio and guest suites. Life …

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AcquisitionsAssisted LivingNew YorkNews

SLIB Arranges $7M Sale of Assisted Living Community in Eastern New York

by Hayden Spiess

HOOSICK FALLS, N.Y. — Senior Living Investment Brokerage (SLIB) has arranged the $7 million sale of Danfourth Adult Care Center, an assisted living community located in Hoosick, roughly 35 miles northeast of Albany.  The facility totals 80 beds across 57 units. A New Jersy-based owner and operator acquired the property from an undisclosed seller.  Dave Balow of SLIB brokered the transaction. 

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

Steadfast Senior Living Sells 67-Unit Community in Morgan Hill, California 

by Hayden Spiess

MORGAN HILL, Calif. — Steadfast Senior Living has sold Loma Clara, a 67-unit community located in Morgan Hill, for an undisclosed price. LTC REIT was the buyer.  Completed in 2018, Loma Clara features 42 assisted living units and 25 memory care units. The property was roughly 92 percent occupied at the time of sale. Units total 529 square feet on average. Amenities at the community include a theater, fitness center, activity and game rooms, a library, outdoor courtyard, physical therapy space and bistro. Discovery Management will continue to operate the property.  …

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Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnology

How Tech-Forward Entertainment Drives Resident Satisfaction, Revenue

by Sarah Daniels

The next generation of residents entering senior living communities is more digitally native than ever before. Many have embraced mobile devices, smart technology and digital streaming, and they expect the same convenience and technology in their seniors housing environments. According to a recent AARP survey, nearly two-thirds of respondents say technology enriches their lives by making daily life and aging easier.​ They’re increasingly using digital services to manage their finances, social lives and health and wellness. AARP research also found that among adults aged 50 and over, 91 percent own …

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