Colorado

Jackson Creek Senior Living

MONUMENT, Colo. — Inland Real Estate Acquisitions has completed the acquisition of Jackson Creek Senior Living, a luxury seniors housing community located in Monument, roughly 20 miles north of Colorado Springs.  Built in 2017 and situated within a master-planned development, Jackson Creek totals 132 units, with 27 independent living, 75 assisted living and 30 memory care residences. Amenities at the community include a bistro, library, fitness center, salon, theater, complimentary transportation and 24-hour concierge service.  According to Inland, Jackson Creek averaged an occupancy level of 96 percent over the past year.  …

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MorningStar-of-Parker_Parker-Colo

PARKER, Colo. — Health Wave Partners has acquired MorningStar Senior Living of Parker, a seniors housing campus located in the Denver submarket of Parker.  Totaling 191 units, the property offers a full continuum of care. MorningStar opened the first building at the campus in 2012, expanding the property in 2014 and 2016. The campus was fully occupied at the time of acquisition.  “MorningStar of Parker exemplifies the type of high-quality, institutionally operated assets we seek to own,” says Philip Kayden, chief investment officer at Health Wave Partners. “We are excited to …

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BALTIMORE — Capital Funding Group (CFG) has provided $51.2 million in financing for the acquisition of four skilled nursing facilities.  Totaling 487 beds, the properties are located in Alabama, Arizona and Colorado.  Andrew Jones and Ava Julio of CFG originated the bridge-loan transaction.  “Every bridge loan we structure for an acquisition starts with the end in mind,” says Tim Eberhardt, executive vice president of bridge, HUD and agency at CFG Bank. “We build a clear path to HUD permanent financing from day one — so that as the borrower’s business grows …

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Amira-Lowry_Denver

DENVER — United Properties has broken ground on a new active adult community, Amira Lowry, in the Denver neighborhood of Lowry.  Upon completion, the property will total 154 units reserved for adults age 55 and older. Residences will include studio, one- and two-bedroom apartments.  Great Lakes Management will operate Amira Lowry.  Construction of the project is being led by Weis Builders. A development timeline was not disclosed. Plans for the site also include a future, second phase with villa-style active adult homes.  Owned by Pohlad Cos., United Properties specializes in ground-up …

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Oberon-House_Arvada-Colo

ARVADA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Oberon House, a senior living community located in Arvada, roughly 10 miles northwest of downtown Denver.  A Colorado-based owner and operator sold the property, which totals 60 units within a 47,217-square-foot building. The Oberon House was the seller’s only senior living property, and they sold the community in order to retire.  Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB brokered the transaction on behalf of the seller. 

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Carillon-Belleview-Station_Denver

DENVER — Developer MGL Partners has sold a luxury senior living community located in Denver for $96 million as part of a portfolio disposition. An undisclosed institutional buyer acquired the property.  Delivered in 2018, the property — Carillon at Belleview Station — features 156 independent living, assisted living and memory care residences. Amenities at the community include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces.  “Carillon has consistently performed at a high level, supported by strong demographics and a location that continues to mature as one of …

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Skilled-Nursing-Facility_Burlington-Colo

BURLINGTON, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility located in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet.  A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price.  Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction. 

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DENVER — Investment funds managed by Morgan Stanley Real Estate Investing (MSREI) have acquired a seniors housing portfolio for $305 million. Kayne Anderson was the seller. Totaling 463 units, the portfolio features three communities located near Denver.  “We are pleased to acquire this high-quality portfolio of seniors housing communities, which has demonstrated strong historical performance,” says Will Milam, head of U.S. investments at MSREI.  “As people age, their real estate needs evolve, and as the first Baby Boomers are turning 80 this year, demand for senior housing is rising rapidly. We expect …

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Colorado-Portfolio

FORT COLLINS and WINDSOR, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado.  Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings.  A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller. 

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WOODLAND PARK, Colo. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale.  Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state.  Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” …

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