Memory Care

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AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Juniper Communities Acquires 90,865 SF Property in Pennsylvania

by Hayden Spiess

DEVON, Pa. — Juniper Communities has acquired  The Devon Senior Living in Devon, a suburb located roughly 20 miles northwest of downtown Philadelphia. Totaling 90,865 square feet, the property features 65 assisted living apartments — called “personal care” apartments in the state of Pennsylvania — and 13 memory care units.  Originally developed in 1892 as the Eliza Cathcart Home and expanded in 1896, the property was fully renovated this year. Juniper plans to implement additional design and program enhancements at the community, which has been renamed Juniper Village at Devon.

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AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareMichiganNews

Berkadia Arranges Sale, Financing of 152-Unit Senior Living Property in Michigan

by Hayden Spiess

WYOMING, Mich. — Berkadia has brokered the sale of Rivertown Ridge, a senior living property located in Wyoming, a suburb of Grand Rapids.  Built in 2020, the community features 152 units and offers independent living, assisted living and memory care.  CPF Living is the buyer, and its wholly owned management company, Grace Management, will operate the property on behalf of CPF. Redstone Homes, the seller, developed the property and assumed operation of the community in 2023. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia arranged the sale on …

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AcquisitionsAssisted LivingMemory CareMissouriNews

SLIB Arranges Sale of Seven-Property Portfolio in Missouri

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care portfolio located in the state of Missouri. The portfolio comprises seven properties built between 2014 and 2020.  An undisclosed real estate investment firm was the buyer. An East Coast-based operator will manage the properties on behalf of the buyer.  Ryan Saul, Jeff Binder and Bradley Clousing of Illinois-based SLIB brokered the transaction. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareMississippiNews

SLIB Arranges Sale of 140-Unit Community on Mississippi Gulf Coast

by Hayden Spiess

OCEAN SPRINGS, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast.  Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale.  The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price.  …

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Berkadia Brokers Sale of 156-Unit Community in Central Florida

by Hayden Spiess

LAKELAND, Fla. — Berkadia has brokered the sale of a 156-unit senior living community located in Lakeland in central Florida.  A Florida-based family office purchased the property, which features independent living, assisted living and memory care residences. The seller was a Tampa-based real estate investment group.  Brooks Minford of Berkadia represented the seller in the transaction. 

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Assisted LivingCaliforniaDevelopmentIndependent LivingMemory CareNews

CCI to Develop 236-Unit Senior Living Community in Southern California

by Hayden Spiess

WOODLAND HILLS, Calif. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles.  Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community.  Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms.  Construction …

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AcquisitionsAssisted LivingIndependent LivingMemory CareMinnesotaNews

Verdot Capital Sells 166-Unit Community in Metro Minneapolis

by Hayden Spiess

BLOOMINGTON, Minn. — Verdot Capital has sold Hayden Grove Bloomington, a 166-unit seniors housing community located in Bloomington, a suburb of Minneapolis. An undisclosed buyer acquired the property. JLL Capital Markets brokered the transaction on behalf of the seller.  Constructed in 2021, Hayden Grove Bloomington features a four-story building with a full continuum of care. Amenities at the community include underground parking, a private dining room, bistro, coffee lounge, game room, party room, theater, event center, library, craft room, fitness program, beauty salon and community rooms. The operator, Great Lakes Management, …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsUtah

Blueprint Brokers Sale of 122-Unit Property in Utah

by Hayden Spiess

NORTH OGDEN, Utah — Blueprint has brokered the sale of The Lodge at North Ogden, a 122-unit senior living property located in North Ogden, roughly 50 miles north of Salt Lake City.  Opened in 2019, the community features independent living, assisted living and memory care residences.  An undisclosed, non-traded REIT partnered with a regional operator and acquired the property for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the transaction on behalf of the seller. 

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Assisted LivingDevelopmentFinanceFloridaIndependent LivingMemory CareNews

Protea Capital Partners Receives $34.5M Construction Financing for Seniors Housing Community in Florida

by Hayden Spiess

ST. JOHN’S, Fla. — Protea Capital Partners has received a $34.5 million loan for the construction of a new seniors housing community in St. John’s. Olga Walsh, Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the five-year financing on behalf of Protea.  Situated within the Beachwalk master-planned community, HarborChase of Beachwalk will feature 172 units, with 82 independent living, 66 assisted living and 24 memory care residences across multiple buildings. Amenities at the property will include a bar, bistro, beauty salon, arts and crafts room, theater, billiards room, fitness …

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AcquisitionsAssisted LivingCaliforniaFinanceMemory CareNews

Berkadia Arranges Sale, Financing of Two Communities in Southern California

by Hayden Spiess

SAN DIEGO and LOS ANGELES — Berkadia has arranged the sale and financing of two senior living communities located in Southern California.  Situated within suburbs of San Diego and Los Angeles, respectively, the properties include an 84-unit assisted living community and a 72-unit memory care community. Together, the communities were roughly 90 percent occupied at the time of financing.  Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia brokered the sale on behalf of the seller, a private owner. Ed Williams and Steve Muth of Berkadia secured acquisition financing …

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