Assisted Living

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AcquisitionsAssisted LivingMinnesotaNewsSkilled Nursing

SLIB Arranges Sale of Two Communities in Southeast Minnesota

by Hayden Spiess

PINE ISLAND, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities located in Pine Island.  A regional operator acquired both properties, which include Pine Haven and Evergreen Place Assisted Living.  Pine Haven, which was originally constructed in 1964 and renovated in 2016, is a 70-bed skilled nursing facility. Featuring 24 assisted living units, Evergreen Place was built in 1995 and is connected to Pine Haven.  The USDA sold Pine Haven, and the seller of Evergreen Place was the City of Pine Island. Jake Anderson, …

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AcquisitionsAssisted LivingIndependent LivingNewsTexas

Berkadia Brokers Sale of 124-Unit Community in Austin

by Hayden Spiess

AUSTIN, Texas — Berkadia has brokered the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living facility located in South Austin. A publicly traded REIT acquired the property for an undisclosed price.  Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare arranged the sale on behalf of the seller, Bridgewood Property Co., the original developer.  Bridgewood’s wholly owned management company, The Aspenwood Co., will continue to operate the property on behalf of the new owner. 

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Distinctive Living Acquires Ownership of South Florida Community in Joint Venture

by Hayden Spiess

NAPLES, Fla. — Senior living operator, developer and investor Distinctive Living has acquired ownership of Seascape at Naples, a community located in Naples, in a joint venture with an undisclosed global investment firm.  Totaling 198 units, Seascape at Naples features independent living, assisted living and memory care residences. Amenities at the property, which Distinctive Living manages, include a heated pool, bistro, salon, spa, fitness center, outdoor courtyard and walking paths.  According to the company, having partial ownership will allow Distinctive Living to fully integrate its proprietary operation solutions.  “Seascape at Naples …

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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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