Memory Care

River Glen -St. Charles
AcquisitionsAssisted LivingIllinoisIndependent LivingMemory CareNews

Citrine Investment Group Sells 106-Unit Community in Metro Chicago

by Hayden Spiess

ST. CHARLES, Ill. — Citrine Investment Group has sold River Glen of St. Charles, a senior living community located in St. Charles, about 45 miles west of Chicago.  Citrine acquired the property, which totals 106 units, in January 2023. The community includes independent living, assisted living and memory care residences.  Under Citrine’s ownership, River Glen of St. Charles transitioned from an entrance-fee structure to a market-rate rental model. Citrine also invested in strategic capital improvements throughout the community.  “River Glen benefited from Citrine having the conviction to take on the entrance …

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FinanceMemory CareNewsTexas

Cambridge Provides $5M HUD-Insured Loan for Memory Care Property in Texas

by Hayden Spiess

IRVING, Texas — Cambridge Realty Capital has provided a roughly $5 million HUD-insured loan for the refinancing of Avalon Memory Care, a memory care property located in Irving.  The borrower is a Texas-based limited liability company. According to Cambridge, the loan was part of a larger $29.7 million loan package to replace mortgage debt on eight communities throughout the Dallas-Fort Worth metro. 

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AcquisitionsAssisted LivingFinanceGeorgiaIndependent LivingMemory CareNews

JLL Arranges $21M Acquisition Financing for Community in Metro Atlanta

by Hayden Spiess

STOCKBRIDGE, Ga. — JLL Capital Markets has arranged $21 million in financing for the acquisition of a senior living community located in Stockbridge, roughly 20 miles southeast of downtown Atlanta. An entity doing business as 1031 CF Properties is the borrower.  Old Second National Bank provided the loan.  Built in 2022, the property, Oaks at Eagle’s Landing, totals 122 units, with independent living, assisted living and memory care residences. Amenities at the community include a fitness center, library, salon, bar, art studio, game room, cards and billiard room, movie theater, courtyard, …

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Meridian-at-Brandon_Brandon-Fla
Assisted LivingFinanceFloridaMemory CareNews

Live Oak Bank Provides $20.5M Refinancing for Community Near Tampa

by Hayden Spiess

BRANDON, Fla. — Live Oak Bank has provided $20.5 million in refinancing for The Meridian at Brandon, a senior living community located approximately 15 miles east of Tampa.  A joint venture between Madison Marquette and Meridian Senior Living owns the property. The Meridian at Brandon totals 136 assisted living and memory care units.   

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Residence-at-Glastonbury
AcquisitionsAssisted LivingConnecticutMemory CareNews

Cushman & Wakefield Brokers Sale of 135-Unit Community in Central Connecticut

by Hayden Spiess

GLASTONBURY, Conn. — Cushman & Wakefield has brokered the sale of The Residence at Glastonbury, a 135-unit seniors housing community located in Glastonbury.  American Healthcare REIT acquired the property for an undisclosed price. LCB Senior Living will continue to operate the community on behalf of the new ownership.  The property features assisted living and memory care units.  Joshua Jandris, Brett Gardner, Jason Skalko and Robert Bracci of Cushman & Wakefield arranged the sale. 

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AcquisitionsAssisted LivingMemory CareNebraskaNews

Cozad Community Health System Sells 49-Unit Community in Central Nebraska

by Hayden Spiess

COZAD, Neb. — Cozad Community Health System has sold Meadowlark Pointe, an assisted living and memory care community located in Cozad. The buyer and sales price were not disclosed.  Built in 2006 and renovated in 2019, the property totals 49 units.  Bill Janis, Justin Valle, Jeff Rhodes and Cullen Nguyen of Decker Healthcare Group arranged the transaction.  According to a press release issued by Decker, the facility was “operating below its potential and generating negative cash flow” at the time of sale, “creating a compelling value-add opportunity.” 

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Lakewood-Reserve-Senior-Living_Lakewood-Colo
AcquisitionsAssisted LivingColoradoMemory CareNews

BWEIS Arranges Sale of 137-Unit Community in Metro Denver

by Hayden Spiess

LAKEWOOD, Colo. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver.  BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living.  The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor …

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Preston-Greens_Lexington-Ky
AcquisitionsAssisted LivingKentuckyMemory CareNews

JLL Brokers Sale of 124-Unit Community in Lexington

by Hayden Spiess

LEXINGTON, Ky. — JLL Capital Markets has brokered the sale of Preston Greens Senior Living, a 124-unit assisted living and memory care community located in Lexington.  A partnership between Cedarhurst Senior Living and an undisclosed REIT acquired the property for an undisclosed price.  Opened in 2021, the 140-bed community was 95 percent occupied at the time of sale. Amenities at the property include multiple dining venues, a bistro and bar, fitness center, salon, therapy and massage rooms, an art studio, theater and landscaped outdoor areas including a courtyard, garden, dog park …

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Bellflower Whispering Ridge
AcquisitionsAssisted LivingIndependent LivingMemory CareNebraskaNews

Agemark Senior Living Acquires, Rebrands Community in Omaha

by Hayden Spiess

OMAHA, Neb. — Agemark Senior Living has acquired Esprit Whispering Ridge, an assisted living and memory care community located in Omaha.  Agemark has rebranded the property as The Bellflower at Whispering Ridge. Along with its investment partner, Agemark plans to invest approximately $1.3 million in capital improvements at the community. Moving forward, The Bellflower will also offer independent living and “assisted living plus” units.  This acquisition brings Agemark’s Omaha portfolio to five communities totaling more than 450 units. 

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Clearwater-Sonoma-Hills_Rohnert-Park-Calif
AcquisitionsAssisted LivingCaliforniaMemory CareNews

Clarion Partners Acquires 94-Unit Community in Rohnert Park, California

by Hayden Spiess

ROHNERT PARK, Calif. — Clarion Partners has acquired Clearwater at Sonoma Hills, a 94-unit senior living community located in Rohnert Park, roughly 50 miles north of San Francisco. The seller and sales price were not disclosed.  Built in 2020, the property features 70 assisted living units and 24 memory care residences, with capacity for 100 residents. Amenities at the 49,000-square-foot community include a theater, art studio, fitness center, putting green and landscaped outdoor gathering spaces.  Clearwater Living will continue to manage the property on behalf of Clarion Partners. John Sweeny, Aron …

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