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Charter_Martinez-Ga
GeorgiaNewsOperations

Charter Assumes Management of Community Near Augusta, Georgia

by Hayden Spiess

MARTINEZ, Ga. — Charter Senior Living has assumed the management of a Ventas-owned community located in Martinez, approximately five miles northwest of downtown Augusta.  The property has been rebranded as Charter Senior Living of Martinez.  Charter’s portfolio of managed communities now totals 75 properties throughout the country.  “We’re honored to expand our relationship with Ventas and welcome Charter Senior Living of Martinez into our growing portfolio of Ventas communities in the Southeast,” says Keven Bennema, co-founder and CEO of Charter.

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DelawareDevelopmentNews

REDICO, Ciel Form Joint Venture to Develop Community in Coastal Delaware

by Hayden Spiess

REHOBOTH BEACH, Del. — REDICO and Ciel Senior Living have formed a joint venture to develop a new senior living community in Rehoboth Beach.  REDICO will lead the development and investment strategy for the project, and Ciel will serve as the operating partner when the community opens.  “Our involvement in this project and our ability to attract the financing necessary to make it possible reflects renewed investor interest in this industry,” says Dale Watchowski, CEO of REDICO and American House Senior Living. “This project also reflects REDICO’s broader senior living development …

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AcquisitionsMinnesotaNews

Ziegler Advises on Sale of Three Minnesota Communities

by Hayden Spiess

CHICAGO — Specialty investment bank Ziegler has advised on the sale of a three-community senior living portfolio located in Minnesota. Ziegler acted as advisor to the seller, a nonprofit organization.  Affiliates managed by Vista Senior Living Management acquired two of the properties. River Oaks of Minnesota Housing Services purchased the third property.  Chicago-based Ziegler was engaged with the seller prior to the marketing of the portfolio, assisting in the strategic planning and evaluation process that led to the decision to sell. “The portfolio generated strong interest from a broad range of …

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Clearwater-Riverpark_Oxnard-Calif
AcquisitionsCaliforniaIndependent LivingNews

Harrison Street Sells 136-Unit Independent Living Community in California

by Hayden Spiess

OXNARD, Calif. — Harrison Street has completed the sale of Clearwater at Riverpark, a 136-unit independent living community located in Oxnard, approximately 65 miles northwest of Los Angeles.  Built in 2018, the property totals 153,297 square feet. Amenities at the community include multiple dining venues, a swimming pool, fitness center, theater, salon and spa, putting green and dog park.  Aaron Rosenzweig and Dan Baker of JLL Capital Markets brokered the transaction on behalf of Harrison Street. The buyer and sales price were not disclosed.  “Clearwater at Riverpark exemplifies the institutional-quality independent …

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AcquisitionsAssisted LivingCaliforniaIndependent LivingMemory CareNews

LTC Adds $40M Community to SHOP Portfolio 

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties (NYSE: LTC) has completed the $40 million acquisition of a senior living community located in Wisconsin, adding the property to its senior housing operating portfolio (SHOP).  Health Dimensions Group (HDG) operates the community, which totals 147 independent living, assisted living and memory care units. HDG is a new operating partner for LTC.  LTC first launched its SHOP platform in May 2025. According to the company, LTC plans to complete an additional $95 million in SHOP acquisitions within the next month. 

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Sage-Lake-Senior-Living_Covington-La
AcquisitionsAssisted LivingLouisianaMemory CareNews

Blueprint Arranges Sale of 82-Unit Assisted Living, Memory Care Community Near New Orleans

by Hayden Spiess

COVINGTON, La. — Blueprint has arranged the sale of Sage Lake Senior Living of Covington, an assisted living and memory care community located approximately 40 miles outside New Orleans.  Opened in 2019, the community comprises 82 units. According to Blueprint, the property achieved a trailing twelve-month operating margin of 33.4 percent at the time of marketing.  Brooks Blackmon, Amy Sitzman, Lauren Nagle, Jake Rice and Harry Porter of Blueprint brokered the transaction on behalf of the undisclosed seller. 

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Company NewsNews

QX Global Group Names Vijay Pahuja CEO

by Hayden Spiess

LONDON — Business process management company QX Global Group has named Vijay Pahuja chief executive officer.  Pahuja joins the company from Sutherland Global Services. He previously held roles at WNS, Cognizant, IBM and Fidelity Investments.  According to the company, London-based QX helps clients — including those in the senior living sector — reduce operating cost, improve efficiency and scale their businesses. Vijay’s focus will include implementing artificial intelligence to reduce back-office work for operators, allowing growth without increasing the employee headcount.  Pom Chakravarti previously led the company as CEO and will …

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Carolina-Village
CCRCFinanceNewsNorth Carolina

Ziegler Closes $45.6M Bond Financing for Carolina Village in Hendersonville, North Carolina

by Hayden Spiess

HENDERSONVILLE, N.C. — Ziegler has closed a $45.6 million bond financing on behalf of Carolina Village Inc., a non-profit senior living owner and operator based in North Carolina.  Founded in 1972, Carolina Village operates a continuing care retirement community situated on 94.8 acres in Hendersonville in western North Carolina. The property currently comprises 370 independent living residences, 60 assisted living units and 58 skilled nursing beds.  Funds from the Series 2026A bonds will be used to finance the design, pre-construction and permitting processes for a future expansion project, as well as …

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Guava-Gardens_La-Mesa-Calif
AcquisitionsAffordable HousingCaliforniaNews

Marcus & Millichap Brokers $12.5M Sale of Affordable Housing Community in Southern California

by Hayden Spiess

LA MESA, Calif. — Marcus & Millichap has brokered the $12.5 million sale of Guava Gardens, an affordable seniors housing community located in La Mesa. Los Angeles-based Positive Investments was the buyer.  Built in 1986, the property totals 81 units, with 40 studio apartments and 41 one-bedroom apartments. Residences are reserved for seniors age 62 and older. Amenities at the community include a swimming pool, spa, recreation room, outdoor gathering areas, laundry facilities and dedicated parking.  Christopher Zorbas, Graeme Henderson and Austin Huffman of Marcus & Millichap represented the undisclosed seller …

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