Assisted Living

AcquisitionsAssisted LivingNewsWashington

SLIB Negotiates Sale of 119-Unit Emerald City in Seattle

by Jeff Shaw

SEATTLE — Senior Living Investment Brokerage (SLIB) has arranged the sale of Emerald City, a 119-unit assisted living and memory care community in Seattle. Emerald City features 99 assisted living and 20 memory care units. It was built in 2006 with renovations in 2017. The property totals 88,839 square feet on approximately 0.8 acres of land. The seller was an out-of-state private equity group with a third-party operator. The buyer was an experienced regional owner-operator looking to expand its footprint in the Seattle MSA. The price was not disclosed. Jason …

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AcquisitionsAssisted LivingMississippiNews

SLIB Arranges Sale of 68-Unit Avonlea Assisted Living in Tupelo, Mississippi

by Jeff Shaw

TUPELO, Miss. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Avonlea Assisted Living, a 68-unit property in Tupelo. The community was built in 1999 and renovated in 2005. The seller is a publicly traded REIT. The buyer is a regional owner-operator based in Mississippi, that intends to renovate the asset and make significant upgrades to improve occupancy, revenue and overall bottom-line performance. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

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AcquisitionsAssisted LivingKentuckyNews

Blueprint Negotiates Sale of 95-Unit Community in Fort Mitchell, Kentucky

by Jeff Shaw

FORT MITCHELL, Ky. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 95-unit assisted living and memory care community in Fort Mitchell, a suburb of Cincinnati in northern Kentucky. The property was built in the late 1990s. A regional owner acquired the property for an undisclosed price. The seller was a national developer/investor seeking an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. The communities were purchased in a sizable portfolio transaction pre-COVID, under a value-add thesis contemplating operator …

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AcquisitionsAssisted LivingFinanceNewsWisconsin

Ziegler Arranges Acquisition Financing for St. Elizabeth Manor 

by Jeff Shaw

WISCONSIN — Ziegler has acted as exclusive financial advisor to Opal Senior Living on obtaining financing for the acquisition of a 72-unit assisted living and memory care community located in Wisconsin named St. Elizabeth Manor. Ziegler provided structuring advice and loan placement services.

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AcquisitionsAssisted LivingCaliforniaNews

SLIB Negotiates Sale of 140-Unit San Clemente Villas by the Sea in California

by Jeff Shaw

SAN CLEMENTE, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of San Clemente Villas by the Sea, a 140-unit assisted living and memory care community in the Orange County city of San Clemente. The facility was built in 2002 and totals 131,765 square feet on approximately 3.3 acres of land. The seller’s family developed and managed the property, but now plan to exit the seniors housing space. The buyer was private equity group based in Southern California, which selected an experienced West Coast operator. The price was …

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AcquisitionsAssisted LivingNewsWisconsin

Blueprint Brokers Sale of 80-Unit Community in Appleton, Wisconsin

by Jeff Shaw

APPLETON, Wis. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of an 80-unit assisted living and memory care community in Appleton, near Lake Winnebago southwest of Green Bay. A national developer/investor engaged Blueprint to create an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. These communities were purchased in a sizeable portfolio transaction pre-COVID, under a value-add thesis contemplating operator transitions to create regional groupings coupled with the intent to invest in renovations and repositioning. Unfortunately, the cumulative impact of …

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AcquisitionsAssisted LivingIndianaNews

Ziegler Negotiates Sale of 41-Unit BrightStar Senior Living Fort Wayne in Indiana

by Jeff Shaw

FORT WAYNE, Ind. — Ziegler, as exclusive financial advisor to Marquee Capital (formerly Berengaria Development), has arranged the sale of BrightStar Senior Living Fort Wayne. The community offers 41 units of assisted living and memory care in Fort Wayne. Marquee Capital developed the property, which BrightStar Senior Living has operated since it opened in 2018. The 3.25-acre asset is located in the Pine Valley neighborhood, eight miles north of downtown Fort Wayne. Lutheran Life Villages (LLV) purchased the property and took over operations. LLV is a local, faith-based, nonprofit organization …

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Assisted LivingDevelopmentNew JerseyNews

Chelsea Senior Living Opens Community in Washington Township, New Jersey

by Jeff Shaw

WASHINGTON TOWNSHIP, N.J. — Chelsea Senior Living has opened The Chelsea at Washington Township, an assisted living and memory care community in Washington Township, a suburb of Philadelphia. Capitol Seniors Housing is the property owner. The number of units was not disclosed. This will be Chelsea’s second community in Bergen County, 18th in New Jersey and 23rd overall. Chelsea and CSH are working together on their next community in the New York City suburb of West Orange, New Jersey, projected to open in 2025. Chelsea also opened its Fair Lawn, …

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AcquisitionsAssisted LivingIndianaNews

Blueprint Negotiates Sale of Two Communities in Indianapolis

by Jeff Shaw

INDIANAPOLIS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities in Indianapolis. Both assets were built in the late 1990s. Further details on the properties were not disclosed. Bloom Senior Living acquired the communities and plans to reposition them as the premier affordable options in Indianapolis by utilizing the Indiana Assisted Living Waiver Program. The seller and price were not disclosed. Ryan Kelly, Connor Doherty, Amy Sitzman and Giancarlo Riso led the Blueprint team.

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Arranges Sale of Two Communities in Georgia

by Jeff Shaw

JEFFERSON and NORCROSS, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Georgia. The two communities are located approximately 50 miles from each other in Jefferson and Norcross, both northeast of Atlanta. Bradley Clousing and Daniel Geraghty led the transaction for SLIB. The buyer, seller, price and names of the communities were not disclosed.

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