Wednesday, February 5, 2025
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Assisted Living

AcquisitionsAssisted LivingNewsOregon

SLIB Negotiates Sale of 95-Unit Community in Ashland, Oregon

by Jeff Shaw

ASHLAND, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Skylark, an assisted living and memory care community in Ashland, located near the California border. Totaling 95 units, the community was built in 1997 with a renovation project in 2015. The facility is approximately 66,169 square feet and is situated on approximately 2.85 acres of land. The seller was regional owner-operator looking to exit the Oregon market. The buyer is a regional investor that will use a third-party operator. The price was not disclosed. Jason Punzel, Vince …

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AcquisitionsAssisted LivingCaliforniaNews

SLIB Negotiates Sale of 77-Unit Community in Whittier, California

by Jeff Shaw

WHITTIER, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Posada, a 77-unit assisted living and memory care community in Whittier, a suburb of Los Angeles. The facility was built in 1984 with a renovation in 2017. It totals 41,658 square feet on approximately 0.72 acres of land. The seller was a regional owner-operator looking to divest from the senior care space. The buyer is a local owner-operator that plans on making some renovations to the property. Brad Goodsell, Jason Punzel and Vince Viverito of SLIB handled …

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Assisted LivingDevelopmentNew JerseyNews

Wohlsen Construction Breaks Ground on Sunrise of Livingston in New Jersey

by Jeff Shaw

LIVINGSTON, N.J. — Wohlsen Construction and Sunrise Senior Living have broken ground on Sunrise of Livingston, an assisted living and memory care community in Livingston, approximately 20 miles west of downtown Manhattan. The 86,285 square foot community will feature 103 units upon completion. Other project partners include PWC Construction Management and Lantz-Boggio Architects.

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AcquisitionsAssisted LivingFinanceNewsTexas

JLL Arranges Sale of, $21.3M Financing for The Shores at Clear Lake in Houston

by Jeff Shaw

HOUSTON — JLL Capital Markets has arranged the sale of The Shores at Clear Lake, a 100-unit senior living community in Houston. JLL worked on behalf of the seller, Meridian Realty Advisors, to complete the sale to the buyer, Chicago Pacific Founders. JLL also represented the buyer to secure a $21.3 million, 10-year, floating-rate loan through Freddie Mac as part of the transaction. JLL Real Estate Capital will service that loan. Sitting on almost eight acres and totaling nearly 90,000 square feet, The Shores at Clear Lake offers 66 assisted …

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AcquisitionsAssisted LivingIndianaNews

ESI Arranges $9.2M Sale of Journey Senior Living of Valparaiso in Indiana

by Jeff Shaw

VALPARAISO, Ind. — Evans Senior Investments (ESI) has arranged the sale of Journey Senior Living of Valparaiso, a 98-unit assisted living and memory care community located near the southern bank of Lake Michigan in Valparaiso. The community opened in 2018, but struggled with lease-up, went through two management companies and was shut down in September 2020. The buyer was a regional private equity group that plans to make significant renovations to the empty building and reopen it in fall 2021. The price was $9.2 million, or $93,000 per unit. “Journey …

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Assisted LivingDevelopmentIndependent LivingIndustry ContentMemory CareOperationsPeopleSkilled NursingVideosWebinars

Webinar: Seniors Housing Valuation Outlook — What’s Next Now that the Pandemic End is in Sight?

by Sarah Daniels

  How do owners, operators, investors, developers and lenders view valuation in seniors housing? Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — What’s Next Now that the Pandemic End is in Sight?” to weigh in as trends in the market solidify. What can the seniors housing industry expect when it comes to construction, labor, the impact of equity and debt on valuations, changing operating models and more? How can the industry bounce back from low occupancy rates? What will determine value now and in the immediate …

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Assisted LivingDevelopmentGeorgiaNews

Griffin Living Plans Varenita Seniors Housing Community in Acworth, Georgia

by Jeff Shaw

ACWORTH, Ga. — Griffin Living has received financing for the development of Varenita of West Cobb, a seniors housing community in the Atlanta suburb of Acworth. The two-story, 75,516-square-foot project will feature 58 assisted living and 23 memory care units. As one of the few major financial closings for ground-up construction in senior living since the pandemic started, Varenita at West Cobb provides insight into how post-pandemic investing and innovation will look in the senior living industry, according to the developer. “The pandemic severely affected senior living products, so it …

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Assisted LivingDevelopmentFloridaNews

The Blake Prepares to Open New Community Near Orlando

by Jeff Shaw

HORIZON WEST, Fla. — The Blake has neared completion of The Blake at Hamlin, a seniors housing community in Horizon West, a master-planned community west of Orlando near Disney World. The property will offer assisted living and memory care services. The number of units was not disclosed. Angie Layfield will serve as executive director while Joshua Bentley will be director of sales and marketing. The property is scheduled to open in fall of 2021.

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AcquisitionsAssisted LivingNewsWisconsin

SLIB Arranges Sale of 255-Unit Assisted Living Portfolio in Wisconsin

by Jeff Shaw

OSHKOSH and WAUKESHA, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of three assisted living communities in Wisconsin. A publicly traded REIT sold the assets to reduce the number of buildings leased to a specific tenant. The buyer was a private, regional owner with assets in the area. The price was not disclosed. The portfolio consists of Mission Creek in Waukesha, a suburb of Milwaukee, and Bella Vista and Lakeshore Manor, located one mile apart in Oshkosh, approximately 45 miles southwest of Green Bay. Mission Creek is …

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AcquisitionsAlaskaAssisted LivingNews

SLIB Arranges $32.5M Sale of Community in Anchorage, Alaska

by Jeff Shaw

ANCHORAGE, Alaska — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 116-unit assisted living and memory care community in Anchorage. The community was built in 2017, officially opening in December 2019. The 82,813-square-foot facility sits on 2.7 acres of land, with an adjacent 2.7-acre plot available for purchase. The community’s developer sold the asset to a national REIT for $32.5 million. The new owner will use a third-party operator. The REIT also is considering a joint-venture independent living expansion at the property. Vince Viverito, Brad Goodsell and …

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