Independent Living

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AcquisitionsAssisted LivingIndependent LivingNewsWashington

JLL Brokers Sale of 182-Unit Community Near Seattle

by Hayden Spiess

LYNNWOOD, Wash. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a senior living community located in Lynnwood, roughly 16 miles north of Seattle.  Situated on 4.4 acres, the property totals 182 units. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard.  Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded …

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The-Atriums_Overland-Park-Kan
AcquisitionsAssisted LivingIndependent LivingKansasNews

12 Oaks Acquires 202-Unit Community in Kansas

by Hayden Spiess

OVERLAND PARK, Kan. — 12 Oaks Senior Living has acquired Overland Park, a 202-unit independent and assisted living community in Overland Park, in a joint venture with Silver Creek Capital. The seller and sales price were not disclosed.  This marks the second joint venture between Silver Creek Capital and 12 Oaks. Bloomfield Capital provided acquisition financing for the transaction.  12 Oaks will assume management of the community.

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Richmond-Community
AcquisitionsIndependent LivingNewsVirginia

Blueprint Arranges Sale of 122-Unit Property in Richmond

by Hayden Spiess

RICHMOND, Va. — Blueprint has arranged the sale of a 122-unit senior living property located in Richmond.  Built in 1987, the community features independent living residences.  A publicly traded company sold the property for an undisclosed price. Kyle Hallion, Kory Buzin, Ben Firestone and Steve Thomes of Blueprint represented the seller in the transaction. 

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Mission Grove at Stoneybrook
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

Traditions Management Opens $65M Community Near Orlando

by Hayden Spiess

WINTER GARDEN, Fla. — Traditions Management has opened Mission Grove at Stoneybrook, a new senior living community located in Winter Garden, roughly 15 miles northwest of Orlando.  Totaling 173,000 square feet, the community comprises 166 units, with 101 independent living apartments, 32 assisted living apartments and 33 memory care apartments. Amenities at the property include a swimming pool, art studio, putting green, pickleball courts, hair and nail salon, library, pub and bistro and fitness room.  Traditions Management invested approximately $65 million in the community, which was developed by Leo Brown Group. 

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AcquisitionsAlabamaAssisted LivingIndependent LivingMemory CareNews

SLIB Arranges Sale of 194-Unit Portfolio in Alabama

by Hayden Spiess

BIRMINGHAM and TUSCALOOSA, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 194-unit portfolio located in Alabama.  The portfolio includes Regency Retirement Village of Birmingham and Regency Retirement Village of Tuscaloosa. Totaling 87 units, the Birmingham community features 38 independent living, 24 assisted living and 25 memory care residences. The Tuscaloosa community features 107 units, with 26 independent living residences and 81 assisted living and memory care residences.  Ryan Saul, Daniel Geraghty and Brad Clousing of SLIB brokered the sales on behalf of the seller, a Tennessee-based …

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AcquisitionsAssisted LivingFloridaIndependent LivingNews

Mainstay Acquires 155-Unit Community in Central Florida

by Hayden Spiess

SEBRING, Fla. — Mainstay Senior Living has acquired a 155-unit seniors housing community located in Sebring. Formerly known as Fellowship at the Fairway, the community will operate as Osprey Manor Fairway moving forward.  The campus includes independent and assisted living apartments in a mix of studio, one-bedroom and two-bedroom layouts.  The seller and sales price were not disclosed. 

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Bonaventure-Rendering_Corvallis-Ore
Assisted LivingDevelopmentIndependent LivingMemory CareNewsOregon

Bonaventure Senior Living Underway on Community in Corvallis, Oregon

by Hayden Spiess

CORVALLIS, Ore. — Bonaventure Senior Living is currently underway on the development of a new community in Corvallis.  Scheduled to open in late 2027, the property will feature independent living, assisted living and memory care units. Amenities at the community will include a bistro, golf simulator, fitness center, library, theater room, salon and barber shop, activity and game rooms, courtyards and scheduled transportation services.  The community will also include Bonaventure’s Life Stations, which recreate familiar environments for memory care residents. At the Corvallis community, these will include an Artists Life Station, …

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Mission-Grove-at-Stoneybrook_Winter-Garden-Fla
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

NEI Completes Construction of 166-Unit Community in Winter Garden, Florida

by Hayden Spiess

WINTER GARDEN, Fla. — NEI General Contracting has completed the construction of a new senior living community located in Winter Garden.  Dubbed Mission Grove at Stoneybrook, the property totals 166 units, with independent living and assisted living apartments and a dedicated memory care space. Amenities at the community include a swimming pool, pickleball courts, fireside lounges and a grab-and-go café.  NEI acted as the general contractor on behalf of the developer, Leo Brown Group. 

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FinanceIndependent LivingNewsUtah

Lument Provides $26.8M Freddie Mac Loan for Leisure Care Community in Utah

by Hayden Spiess

OGDEN, Utah — Lument has provided a $26.8 million Freddie Mac loan for the refinancing of Treeo South Ogden, a senior living community located in Ogden, roughly 30 miles north of Salt Lake City. Leisure Care, which owns and operates the community, is the borrower.  Opened in 2015, Treeo South Ogden features 143 independent living units.  Tyler Armstrong, Chris Cain and Taylor Russ of Lument led the transaction. The loan, which features a 10-year term with five years of interest-only payments and a 30-year amortization period, is being used to refinance …

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Assisted LivingColoradoFinanceIndependent LivingMemory CareNews

Lightstone Capital Provides $20M Bridge Financing for 216-Unit Property in Denver

by Hayden Spiess

DENVER — Lightstone Capital has provided a $20 million first mortgage bridge loan to refinance Harvard Square by Cogir, a senior living community located in Denver.  Funds managed by affiliates of Fortress Investment Group own the property, which is managed by Cogir Senior Living.  Harvard Square by Cogir totals 216 units across four stories, with independent living, assisted living and memory care residences. Amenities at the property include a fitness center, activities room, golf simulator, library, salon and barbershop, café and pub.  According to Lightstone Capital, this financing reflects the platform’s …

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