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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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ArizonaDevelopmentNews

Park Senior Villas to Expand Campus in Chandler, Arizona

by Hayden Spiess

CHANDLER, Ariz. — Park Senior Villas has announced plans for an expansion project at its senior living campus in Chandler. Originally opened in 2020, the property currently comprises seven villas, each of which features a great room and built-in amenity.  Upon completion, which is scheduled for summer 2026, the expansion will add 21,000 square feet and occupancy for 48 additional residents. Each new building will include 10 bedrooms and options for both single and double occupancy. The groundbreaking is scheduled for Nov. 25.  According to Park Senior Villas — which also operates …

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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 LivingFinanceFloridaNewsSkilled Nursing

BHI Provides $29M Refinancing for Assisted Living, Skilled Nursing Facility in West Palm Beach

by Hayden Spiess

WEST PALM BEACH, Fla. — BHI, the U.S. branch of Bank Hapoalim, has provided a $29 million loan for the refinancing of an assisted living and skilled nursing facility located in West Palm Beach. Gold Standard of Care Group was the borrower.  Totaling 70,272 square feet, the property was originally built in 1995. Significant renovations were completed in 2023 and 2024. Amenities at the community include a salon, bistro, chapel, courtyard, concierge, game room, gym, library, transportation, lounges, private dining and a spa room. Colonial Assisted Living operates the facility. 

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AcquisitionsNewsSkilled NursingVirginia

Blueprint Brokers Sale of 570-Bed Skilled Nursing Portfolio in Virginia

by Hayden Spiess

CHICAGO — Blueprint has brokered the sale of a skilled nursing portfolio totaling 570 beds in Virginia. Three of the four properties were originally constructed in the 1970s. The other facility was developed in 2005.  Michael Segal, Jacob Gehl, Ryan Chase, Daniel Waldhorn and Dillon Rudy of Blueprint arranged the transaction on behalf of the seller, a REIT.  Blueprint’s marketing process initially drew 14offers from potential buyers. A New York-based owner and operator was selected as the buyer after several rounds of bidding. 

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AcquisitionsNewsWest Virginia

Lument Securities Arranges $60M Sale of Four Long-Term Care Facilities in West Virginia

by Hayden Spiess

WEST VIRGINIA — Lument Securities has brokered the sale of four state-owned long-term care communities totaling 511 beds in West Virginia to Marx Development Group (MDG) for $60 million. Majestic Care, a subsidiary of MDG, is taking over operations at the communities in the wake of the transaction, which closed on Oct. 31. The sale includes the Hopemont Hospital in Terra Alta, Jackie Withrow Hospital in Beckley, John Manchin Sr. Health Care Center in Fairmont and Lakin Hospital in West Columbia.  MDG has committed an additional $80 million to major investments …

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Active AdultConnecticutDevelopmentFinanceNews

United Group Receives $47M Construction Loan for Active Adult Project in Connecticut

by Hayden Spiess

BLOOMFIELD, Conn. — The United Group of Cos. has received a $47 million construction loan for the development of a new active adult community in Bloomfield. Liberty Bank of Middletown provided the financing.  Upon completion, The Arbella at Blue Hills will total 164 units, with apartments in one-, two- and three-bedroom layouts, as well as townhome units. Delivery of the project, which will also feature 19 affordable residences, is scheduled for 2027. Amenities at the property will include a 12,000-squrae-foot clubhouse with a fitness center, yoga studio, wellness spa and salon, …

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FinanceNews

Seniors Housing Outperforms Other Sectors in NCREIF Index

by Hayden Spiess

CHICAGO — According to the National Council of Real Estate Investment Fiduciaries (NCREIF), the seniors housing sector has outperformed other property types in both the third quarter and year-to-date returns. Seniors housing posted a return of roughly 2.9 percent in the third quarter of this year and reached 7 percent in year-to-date returns.  These figures reflect higher returns than those of other sectors in the Expanded NCREIF Property Index (NPI). Seniors housing in the third quarter outperformed the broader NPI by 166 basis points.  Over the past one-year period, seniors housing …

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FinanceFloridaNewsSkilled Nursing

Dwight Mortgage Trust Provides $120M Bridge Loan for Florida Skilled Nursing Portfolio

by Hayden Spiess

NEW YORK CITY — Dwight Mortgage Trust, REIT affiliate of Dwight Capital, has provided a $120 million bridge loan to finance a skilled nursing portfolio located in Florida. Totaling 795 beds, the portfolio comprises five skilled nursing facilities.  Proceeds from the loan will be used to refinance the existing debt on two facilities as well as fund the acquisition of three of the facilities. Adam Offman of Dwight Mortgage Trust originated the financing.  The properties include Balanced Healthcare in St. Petersburg, which totals 299 beds; Gulfside Health & Rehab Center in …

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Affordable HousingDevelopmentFinanceGeorgiaNews

KeyBank Arranges $72.8M Financing for Affordable Redevelopment in Atlanta

by Hayden Spiess

ATLANTA — KeyBank Community Development Lending and Investment (CDLI) has arranged $72.8 million in financing for the first phase of the redevelopment of Atlanta Civic Center. The borrower, Civic Center Partners, is converting a portion of the property into a 148-unit affordable seniors housing community.  Civic Center Partners — a joint venture between The Michaels Organization, Sophy Cos. and Republic Properties — is partnering with Atlanta Housing, which owns the Atlanta Civic Center, on the project.  KeyBank CDLI provided a $39.1 million taxable construction loan and $25.2 million in federal low-income …

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