Wednesday, November 27, 2024
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AcquisitionsAssisted LivingKansasNewsSkilled Nursing

SLIB Brokers Sale of 65-Unit Hillside Village in De Soto, Kansas

by Jeff Shaw

DE SOTO, Kan. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Hillside Village, a seniors housing community in De Soto, approximately 20 miles southwest of Kansas City. Hillside Village offers 38 assisted living units and 27 skilled nursing units, totaling 95 licensed beds. The seller was a local owner existing the business. The buyer is a public company headquartered in California. The price was not disclosed. Ryan Saul, Nick Cacciabando and Jeff Binder led the transaction for SLIB.

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AcquisitionsAssisted LivingFinanceNewsPennsylvania

Ziegler Arranges $6.4M Acquisition Financing for Silver Springs at East Norriton in Pennsylvania

by Jeff Shaw

EAST NORRITON, Pa. — Ziegler has arranged $6.4 million in financing for the acquisition of a 114-unit assisted living and memory care community in East Norriton, a suburb northwest of Philadelphia. The buyer is Comprehensive Care Capital, which plans to rebrand the property from Brandywine Living at Senior Suites to Silver Springs at East Norriton. Christopher Utz of Ziegler Investment Banking arranged and negotiated the transaction. Cura Health will oversee daily operations.

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The Legacy at Town Square, Amarillo, Texas
AcquisitionsAssisted LivingNew MexicoNewsOperationsTexas

Pegasus Takes Over Management of Eight LifeWell Legacy Communities in Texas, New Mexico

by Jeff Shaw

GRAPEVINE, Texas — Pegasus Senior Living will assume the management of eight communities in Texas and New Mexico. The Properties are currently operated by LifeWell Senior Living under its Legacy brand name.   The eight communities collectively total 652 units. All locations offer both assisted living and memory care.   With the addition of the eight LifeWell communities, Pegasus will operate 43 senior living communities, with 13 located in Texas and New Mexico. Further details were not disclosed.

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Assisted LivingGeorgiaNewsOperationsPeople

Isakson Living Names Hayden Herrick as Executive Director of The Terraces at Peachtree Hills Place in Atlanta

by Jeff Shaw

ATLANTA — Isakson Living has named Hayden Herrick as executive director of assisted living and memory care at The Terraces at Peachtree Hills Place, which provides assisted living, memory care, skilled nursing and short-term rehabilitation in a luxury residential community for those 55 and older in the Buckhead neighborhood of Atlanta.  Herrick will be responsible for daily operations, including management, staffing and regulatory compliance. He will report to Greg Heath, who served as interim executive director of assisted living and memory care for The Terraces at Peachtree Hills Place concurrently …

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AcquisitionsAssisted LivingFloridaNews

Berkadia Negotiates $42.6M Sale of Four-Property Portfolio in Florida

by Jeff Shaw

TAMPA, Fla. — Berkadia has arranged the sale of a four-property, 334-unit assisted living and memory care portfolio along Florida’s West Coast.  Brooks Minford of Berkadia Seniors Housing & Healthcare closed the transaction on behalf of two separate sellers. The buyer of all four properties, a Central Florida-based family office, paid $42.6 million for the acquisition. In the first transaction, a Florida-based seniors housing and multifamily developer sold one 79-unit assisted living and memory care community. In the second transaction, an East Coast-based private equity firm sold three assisted living …

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AcquisitionsAssisted LivingNewsWashington

Zett Group Arranges Sale of 60-Unit Community in Central Washington State

by Jeff Shaw

WASHINGTON — The Zett Group, led by Blake Bozett, has arranged the sale of a 60-unit assisted living and memory care community in Central Washington.  The seller was an owner-operator that ran the community for 33 years. A Seattle-based owner-operator acquired the property for an undisclosed price in an all-cash deal. Randi Nathanson and Parisa Zarelli of Lane Powell PC helped navigate the complexities of the transaction.

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AcquisitionsAssisted LivingIdahoNews

Zett Group Negotiates Sale of 79-Unit Streamside in Nampa, Idaho

by Jeff Shaw

NAMPA, Idaho — The Zett Group, led by Blake Bozett, has arranged the sale of Streamside Assisted Living and Memory Care in Nampa, approximately 20 miles west of Boise.  The property features 79 total units. A regional owner-operator based out of Oregon sold the asset to a national owner-operator from California looking to expand its footprint in the state Idaho. The price was not disclosed.

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Madison at Oviedo
AcquisitionsAssisted LivingFloridaNews

Atlas Senior Living Acquires Three Communities in Metro Orlando

by Jeff Shaw

CLERMONT, OCOEE and OVIEDO, Fla. — Atlas Senior Living and affiliate company Salta Capital have acquired three senior living communities in the Orlando suburbs of Clermont, Ocoee and Oviedo.  The communities, which offer assisted living and memory care services, have consistently maintained high occupancy rates, according to Atlas. Atlas and Salta plan to implement a $1.5 million renovation plan across the properties. These capital improvements aim to enhance the living standards and amenities.

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AcquisitionsAssisted LivingGeorgiaNews

Berkadia Brokers Sale of 85-Unit Community in Alpharetta, Georgia

by Jeff Shaw

ALPHARETTA, Ga. — Berkadia has arranged the sale of an 85-unit assisted living and memory care community in Alpharetta, a suburb north of Atlanta.  Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders led the Berkadia team in representing the seller, a publicly traded REIT. The asset, part of a three-property portfolio, was purchased by a regional owner/operator. The first two properties in the portfolio closed in May. The price and other details were not disclosed.

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AcquisitionsAssisted LivingNewsOklahoma

TMG Arranges Sale of 87-Unit Heatheridge Assisted Living in Tulsa, Oklahoma

by Jeff Shaw

TULSA, OKLA. — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Heatheridge Assisted Living, an 87-unit seniors housing property located just outside the downtown Tulsa area.  Built in 1990, the property offers one-bedroom units with four different floor plans and amenities such as a laundry room, entertainment room, outdoor courtyard and full-service salons.  Jon Krebbs of TMG brokered the deal. The buyer and seller were not disclosed.

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