Memory Care

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DevelopmentIllinoisMemory CareNewsSkilled Nursing

Wold Architects & Engineers Completes Expansion at 120-Bed Skilled Nursing Facility in Illinois

by Hayden Spiess

MCHENRY COUNTY, Ill. — Wold Architects & Engineers has completed an expansion project at Valley Hi Nursing & Rehabilitation in McHenry County Illinois. Wold designed the addition of a new dining room, kitchen and support spaces to accommodate a new memory care unit at the 120-bed skilled nursing facility. Residents rooms were updated with new interior finishes lighting and furnishing, and the project also included a walking path and indoor and outdoor gathering spaces.  McHenry County owns the facility.  “This project is a great example of how design can support both …

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AcquisitionsAssisted LivingKentuckyMemory CareNews

LTC Properties Completes $40M Acquisition of Two Communities in Kentucky 

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties has completed the acquisition of two seniors housing communities located in Kentucky. An undisclosed seller sold the properties for $40 million.  Opened in 2023, the properties together total 158 units and feature assisted living and memory care residences.  Charter Senior Living manages the communities.  California-based LTC plans to execute an additional $195 million in seniors housing operating portfolio (SHOP) acquisitions by mid-October 2025 and an additional $90 million by the end of the year. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareMinnesotaNews

Oppidan Sells Minneapolis Community for $140M

by Hayden Spiess

MINNEAPOLIS — Oppidan Investment Co. has sold a senior living community located in Minneapolis for $140 million, according to a recently published certificate of real estate value.  Ventas, doing business as VLSHRE PILLARS LLC, was the buyer.  Oppidan originally opened the community, The Pillars of Prospect Park, in May 2020. Situated with proximity to the University of Minnesota campus, the property totals 283 apartments, including 133 independent living, 106 assisted living and 44 memory care units. Amenities at the community include an onsite bistro, salon spa, chapel, fitness center, golf simulator …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsTexas

Clearwater Living Adds 121-Unit Community in Dallas to Management Portfolio

by Hayden Spiess

DALLAS — Clearwater Living has added a newly developed senior living community located in Dallas to its management portfolio.  Totaling 121 apartments, the property offers independent living, assisted living and memory care options. Residences include studio, one- and two-bedroom units.  Formerly known as Anthology of Highland Park, the community will now be operated as Clearwater Highland Park. Amenities at the property include a fitness center, salon, theater, creative studio, landscaped terraces, indoor and outdoor gathering spaces and access to physical, occupational and speech therapies.  Clearwater’s portfolio now totals 16 communities across …

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Assisted LivingConnecticutFinanceMemory CareNews

Borrower Receives $35.3M Permanent Loan for Assisted Living and Memory Care Community in Southwest Connecticut

by Hayden Spiess

FAIRFIELD, Conn. — An undisclosed borrower has received a $35.3 million permanent loan for Sturges Ridge of Fairfield, an assisted living and memory care community located in Fairfield.  Provided through Freddie Mac, the 10-year, fixed-rate loan features full-term interest only payments.  Opened in 2018, Sturges Ridge of Fairfield totals 99 beds across 88 units. Benchmark Senior Living operates the community.  BWE secured the financing on behalf of the borrower. 

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Distinctive Living Acquires Ownership of South Florida Community in Joint Venture

by Hayden Spiess

NAPLES, Fla. — Senior living operator, developer and investor Distinctive Living has acquired ownership of Seascape at Naples, a community located in Naples, in a joint venture with an undisclosed global investment firm.  Totaling 198 units, Seascape at Naples features independent living, assisted living and memory care residences. Amenities at the property, which Distinctive Living manages, include a heated pool, bistro, salon, spa, fitness center, outdoor courtyard and walking paths.  According to the company, having partial ownership will allow Distinctive Living to fully integrate its proprietary operation solutions.  “Seascape at Naples …

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Assisted LivingCaliforniaDevelopmentFinanceMemory CareNews

Quality Senior Housing Foundation, Sunrise Senior Living Receive $80.1M Financing for New Community in Southern California

by Hayden Spiess

LONG BEACH, Calif. — Quality Senior Housing Foundation and Sunrise Senior Living have received $80.1 million in financing for the development of a new community in Long Beach. JLL Capital Markets and H.J Sims arranged the tax-exempt bond financing on behalf of the borrowers.  Quality Senior Housing Foundation will own the community, which Sunrise Senior Living will operate. Upon completion, the property — Sunrise of Long Beach — will comprise 102 licensed beds across 86 apartments. Residences will include 62 assisted living units and 24 memory care units. Sunrise Development Inc. …

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AcquisitionsAssisted LivingMemory CareNewsTexas

Sonida Acquires 98-Unit Community in Dallas-Fort Worth Metro

by Hayden Spiess

MANSFIELD, Texas — Sonida Senior Living has completed the acquisition of a 98-unit community located in Mansfield. Sonida purchased the property for $15.6 million, funding the transaction with cash on hand and proceeds from its senior secured revolving credit facility.  Built in 2016, the property features 62 assisted living and 36 memory care residences and is situated directly across form a 294-bed hospital. Sonida plans to complete aesthetic improvements to common areas and amenity spaces over the next year.  This acquisition brings Sonida’s total Texas portfolio to 21 properties. 

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Assisted LivingFinanceMemory CareNewsTexas

Helios Arranges $10.7M Refinancing for Assisted Living, Memory Care Portfolio in Metro San Antonio 

by Hayden Spiess

SAN ANTONIO, Texas — Helios Healthcare Advisors has arranged a $10.7 million HUD-insured refinancing for a portfolio comprising 76 assisted living and memory care units in the San Antonio metro.  Located within two suburbs of San Antonio, the units are situated within two communities.  Prior to securing this refinancing, Helios arranged an 18-month bridge loan to recapitalize the properties. The borrower is a regional owner and operator with a portfolio comprising more than 700 units within Texas. 

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AcquisitionsAssisted LivingKentuckyMemory CareNews

DMK Development Group Sells Four Properties for $65.3M 

by Hayden Spiess

LOUISVILLE and LEXINGTON, Ky. — DMK Development Group has sold four senior living properties for a total $65.3 million. American Healthcare REIT was the buyer.  Located in the Louisville and Lexington metros, the portfolio totals 316 units, with assisted living and memory care residences. Each of the properties was opened between 2020 and 2022.  Trilogy Health Services managed the properties through lease-up and stabilization. 

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