BATON ROUGE, La. — Live Oak Bank has closed a $33.5 million loan for Claiborne Senior Living. The financing facilitated a partner buyout for a Class A, 213-unit independent living, assisted living and memory care community, built in 2017 and located in Baton Rouge. Claiborne Senior Living took over management of the property at the beginning of 2021, and has since added net 41 residents through November 2021. Locust Point Capital partnered with Claiborne to complete the capital stack, providing a preferred equity investment. Approximately $1.8 million in loan proceeds …
HARAHAN, La., and CHARLOTTESVILLE, Va. — Quality Senior Living Partners (QSLP), a LongueVue Capital portfolio company, has sold two senior living communities: The Blake at Colonial Club in Harahan and The Blake at Charlottesville in Charlottesville. Each community features 118 units of assisted living and memory care. The buyer and price were not disclosed. In 2017, LongueVue partnered with the team of senior living industry executives at QSLP, a Pensacola, Fla.-based developer, owner and operator of upscale senior housing communities, to expand its resort-style communities to underserved markets.
CHICAGO — Evans Senior Investments (ESI), a Chicago-based broker, has assisted a Louisiana-based owner-operator in its exit from the long-term care industry. The portfolio consisted of three separate transactions for all five of the seller’s communities. The combined purchase price for all three transactions was $99 million, or $137,000 per functional bed/unit. Four of the five communities were built between 1996 and 2011, and the vast majority of beds were private resident rooms. The first tranche of the portfolio consisted of one skilled nursing facility located in Rayne, Louisiana. The …
CHICAGO — Evans Senior Investments (ESI), a Chicago-based brokerage, has arranged the sale of 10 seniors housing communities in Louisiana, Mississippi and South Carolina for $145 million. Schonberg Care, a regional owner-operator, sold the assets to White Oak Healthcare, which will install Discovery Senior Living as the operator. The REIT buyer also assumed a recently refinanced Fannie Mae loan on the portfolio. The communities consist of 590 seniors housing units and 666 functional beds (117 independent living units, 293 assisted living units, and 180 memory care units). The communities were …
LAFAYETTE, La. — Evans Senior Investments (ESI) has arranged the sale of Maison de Lafayette, a 189-bed skilled nursing community in Lafayette. At a sales price of $30 million, or $159,000 price per bed, the transaction represents the highest price per bed ever sold in Louisiana for a skilled nursing community, according to ESI. Built in 1992 and expanded in 2009 and 2012, the community exhibited a modern physical plant with a unit configuration of 125 private rooms. The community had a history of stabilized performance with census averaging 93 …
NEW ORLEANS — HJ Sims has arranged $23.3 million in financing for Poydras Home, a continuing care retirement community (CCRC) in New Orleans. Opened in 1857, Poydras now consists of 10 independent living units, 22 assisted living units, 11 memory care units and 64 private nursing care beds. The community will replace all 64 nursing units with a small-house model and add 14 new assisted living units across two three-story buildings. Poydras will be the first certified Green House project in Louisiana, featuring an model of care where the resident’s …
METAIRIE, La. — Sims Mortgage Funding (SMF), a subsidiary of HJ Sims, has arranged a $10.8 million loan for Metairie Manor in the New Orleans suburb of Metairie. In 2012, SMF refinanced Metairie Manor, a 287-unit, Section 8, affordable seniors housing community owned and managed by affiliates of the Archdiocese of New Orleans. That refinancing, which paid off its HUD Section 202 direct loan, produced approximately $250,000 in annual debt service savings that have been used to fund wellness and affordable nutrition programs, resident units deep-cleaning services and enhanced transportation …
OAK GROVE, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Carroll Nursing Home, located in Oak Grove, in the Northeast corner of Louisiana near the Arkansas border. The skilled nursing facility features 120 beds. It was originally built in 1960, with expansion and renovation projects in 1962, 1976 and 1987. A local family seeking to exit the industry sold the property to a Southeast-based regional owner-operator. The price was not disclosed.
THIBODAUX, La. — Claiborne Senior Living is pleased to announce it has named LaDane Washington as executive director at The Claiborne at Thibodaux in Thibodaux, approximately 60 miles southwest of New Orleans. Washington, who will oversee the community’s strategic direction and daily operations, comes to The Claiborne with several years of experience in managing personnel, finances, marketing and operations. He previously served as operations manager at Surge Medical Transportation and as executive director at Claiborne Healthcare Center and Unity Nursing and Rehab. Washington has his master’s of business administration degree …
CENTRAL, La. — Claiborne Senior Living has opened The Claiborne at Shoe Creek in Central, a suburb of Baton Rouge. The community features 70 assisted living residences and 30 memory care apartments. Caroline Smith is executive director of the community and Jill Dupont is community relations director.