ALISO VIEJO, Calif. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in Aliso Viejo in southern California. Harrison Street Asset Management is the borrower. Opened in 2019, the community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.
AUSTIN, Texas — Berkadia has secured $30 million for the refinancing of two assisted living and memory care communities located in Texas. Austin, Texas-based Journeyman Group is the borrower. The financing includes two seven-year, floating-rate Freddie Mac loans. Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia arranged the financing on behalf of Journeyman Group.
LEXINGTON, S.C. — Senior Living Investment Brokerage has arranged the sale of Westminster Memory Care, a 48-unit memory care community located in Lexington, roughly 20 miles west of Columbia, the state capital. Built in 2020, the community is situated on roughly 6.3 acres, with space for future expansion. Trinity Investors sold the property to a Southeast-based owner and operator for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.
CARLSBAD, Calif. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.
WHITE RIVER JUNCTION, Vt. — Benchmark Senior Living and investment, development and management firm National Development have jointly acquired The Village at White River Junction, a seniors housing community located in White River Junction, roughly five miles away from Dartmouth College. M&T Bank provided financing for the acquisition. The Village at White River Junction totals 80 units, with assisted living and memory care residences. Amenities at the property include a live performance venue, art gallery, art studio, movie theater, dining venues, community kitchens, a salon and spa, fitness center, conservatory, library …
GEORGETOWN, Texas — Touchmark has acquired a senior living community located in Georgetown. Touchmark will rebrand the property, which was formerly known as The Hacienda at Georgetown, as Touchmark at Georgetown. Situated roughly 40 miles north of Austin, the community features independent living, assisted living and memory care options. Headquartered in Oregon, Touchmark develops, owns and operates properties with a full continuum of care. With this acquisition, Touchmark’s portfolio comprises 16 communities across the U.S. and Canada.
BRENTWOOD, Tenn. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of a 100-unit assisted living and memory care community located in Brentwood, 10 miles south of downtown Nashville. Opened in 2022, the property is situated on 6.6 acres and was acquired by an undisclosed REIT. The current operator will remain in place. According to SLIB, 12 offers were submitted throughout the bidding process. Bradley Clousing and Daniel Geraghty of SLIB brokered the sale on behalf of the seller, a Texas-based developer and East Coast-based capital provider.
OTSEGO, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the $10.6 million sale of Kauhale Otsego, an assisted living and memory care community located in Otsego, roughly 10 miles north of Kalamazoo and 40 miles south of Grand Rapids. Constructed in 2016, the property totals 52 units. According to SLIB, the community was 86 percent occupied at the time of sale. A regional owner acquired Kauhale Otsego from an undisclosed owner and operator. Daniel Geraghty, Bradley Clousing and Matthew Alley of SLIB brokered the transaction on behalf of the seller.
PORTLAND, Ore. — Harrison Street has acquired Morningstar at Happy Valley, an 87-unit assisted living and memory care community located in Portland. Built in 2019, the property features 61 assisted living units and 26 private memory care units. Moving forward, the community will be rebranded as The Springs at Sunnyside, and The Springs Living will operate the property. Amenities at the community include a 24-hour bistro, chapel, theater, library, general store, massage room, courtyards, a barbecue and fire pit, beauty salon, fitness room and raised garden beds. Jay Wagner, Rick Swartz, …
DECATUR, Ga. — Berkadia has arranged the sale of Benton House Decatur, an assisted living and memory care community located in Decatur, approximately 10 miles northeast of downtown Atlanta. Principal Senior Living Group — a Georgia-based developer, owner and operator — sold the community to an undisclosed buyer. The community was fully occupied at the time of sale. Moving forward, the property, which totals 73 units, will be rebranded as The Retreat at Decatur. Phoenix Senior Living will operate the community on behalf of the new ownership. Ross Sanders, Dave Fasano, Cody …
