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Bridgepoint to Acquire Kayne Anderson Real Estate for $1.4B

by Hayden Spiess

BOCA RATON, Fla. — Investment management firm Bridgepoint Group has entered into an agreement to acquire Florida-based Kayne Anderson Real Estate for roughly $1.4 billion. The deal is scheduled to be completed before the end of this year, subject to shareholder and regulatory approvals.  Founded in 2007, Kayne Anderson Real Estate invests in alternate real estate sectors, including student housing, seniors housing, multifamily and self-storage. The company maintains approximately $22 million in assets under management, including debt.  Since entering the seniors housing space in 2013, Kayne Anderson Real Estate has invested …

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CCRCDevelopmentFinanceNewsVirginia

Ziegler Closes $171M Financing for LifeSpire of Virginia

by Hayden Spiess

GLEN ALLEN, Va. — Ziegler has closed approximately $171 million in bond financing for Virginia Baptist Homes doing business as LifeSpire of Virginia. Based in Glen Allen, the nonprofit company owns and operates five continuing care retirement communities in Virginia.  LifeSpire’s properties include Lakewood in Richmond, The Culpeper in Culpeper, The Chesapeake in Newport News, The Glebe in Daleville and The Summit in Lynchburg. Together, the communities total 952 independent living, 225 assisted living, 108 memory care and 226 skilled nursing units.  Proceeds from the bonds will be used to refund …

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Sam Usen
Company NewsNewsPeople

Benchmark Appoints Sam Usen Senior Vice President, General Counsel

by Hayden Spiess

WALTHAM, Mass. — Benchmark Senior Living has appointed Sigrid “Sam” Usen senior vice president and general counsel.  In her role, Usen will lead the company’s legal department, providing strategic counsel. She most recently served as assistant general counsel and chief compliance officer at The RMR Group, a publicly traded alternative asset management firm. RMR Group’s portfolio includes 208 senior living properties.  Usen also previously practiced law at Skadden, Arps, Slate, Meagher & Flom LLP and worked at Merrilly Lynch as vice president and senior counsel.  “Sam has been a trusted voice …

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AcquisitionsAssisted LivingMemory CareNewsTexas

Juniper Adds Two Texas Communities to Portfolio

by Hayden Spiess

FREDERICKSBURG, Texas and SAN ANTONIO — Juniper Communities has acquired two Texas communities.  The properties include Poet’s Walk in San Antonio and The Villages of Windcrest in Fredericksburg. In addition to owning the communities, Juniper will operate them moving forward.  Poet’s Walk totals 70 memory care units, and The Villages of Windcrest features 57 assisted living apartments and 24 memory care apartments.  Juniper currently operates 28 senior living communities in New Jersey, Pennsylvania, Delaware, Texas and Colorado. 

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Margaret-Cabell
Company NewsNewsPeople

Brookdale Names Margaret Cabell Chief Sales Officer

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living has named Margaret Cabell as the company’s new chief sales officer. This marks a return for Cabell, who earlier in her career spent 15 years at Brookdale in various leadership roles.  Cabell most recently served as chief community relations officer and head of sales at A Place for Mom, a for-profit senior care referral service and lead aggregator. Prior to that, she held the role of chief executive officer of Harmony Senior Services.  “As chief sales officer, Margaret’s leadership will be instrumental in advancing our …

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NewsOperationsSouth CarolinaVirginia

AgeWell Senior Living Assumes Management of Seven Communities in Virginia, South Carolina

by Hayden Spiess

NORTH PALM BEACH, Fla. — AgeWell Senior Living has assumed the management of seven communities located in Virginia and South Carolina.  The properties include communities in Berryville, Fishersville and Harrisonburg, Virginia, as well as communities in Camden, Fort Mill, Harstville and Indian Land, South Carolina.  “We are excited to welcome these communities to AgeWell,” says David Mills, president and chief operating officer of Florida-based AgeWell. “This expansion reflects our commitment to thoughtful growth and our belief that strong community operations begin with exceptional resident and team member experiences.” Established in 2009, …

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsPennsylvania

Charter Breaks Ground on 162-Unit Development in West Chester, Pennsylvania

by Hayden Spiess

WEST CHESTER, Pa. — Charter Senior Living and Paradise Management have broken ground on a new senior living development in West Chester, roughly 30 miles west of Philadelphia.  Upon completion, the community, Charter Senior Living of West Chester, will total 162 units, with independent living, assisted living and memory care residences. Completion of the project, which was first announced in January of this year, is scheduled for late 2027. 

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AcquisitionsAffordable HousingGeorgiaNews

Dominium Acquires 165-Unit Community in Metro Atlanta

by Hayden Spiess

DULUTH, Ga. — Dominium has acquired Sweetwater Terraces, a 165-unit senior living community located in Duluth, about 30 miles northeast of downtown Atlanta.  Dominium plans to resyndicate the property in the fourth quarter of this year, preserving the community’s affordable housing status. As part of the resyndication, the community will undergo a $9.9 million renovation.  The property was originally developed in 2008 using four-percent low-income housing tax credits and tax-exempt bond financing. 

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AcquisitionsAssisted LivingFloridaNews

DeMarco Real Estate Group Brokers $17.9M Sale of Assisted Living Property in South Florida

by Hayden Spiess

POMPANO BEACH, Fla. —DeMarco Real Estate Group of REMAX 5 Star Realty has brokered the $17.9 million sale of The Residence at Pompano Beach, an assisted living property located in Pompano Beach.  Totaling 205 beds, the community offers memory care, rehabilitation and skilled nursing services, in addition to assisted living. The facility totals 61,116 square feet situated on 2.84 acres.  John DeMarco of the DeMarco Real Estate Group represented both the buyer and seller in the transaction. The buyer is a local private investor.  “Seniors housing assets continue to attract strong …

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AcquisitionsAssisted LivingMemory CareMichiganNews

Blueprint Arranges Sale of 52-Unit Assisted Living, Memory Care Community in Michigan

by Hayden Spiess

WEST BLOOMFIELD, Mich. — Blueprint has arranged the sale of a 52-unit assisted living and memory care community located in West Bloomfield in metro Detroit.  Originally constructed in 2000, the property was acquired in an all-cash transaction.  Lauren Nagle, Michael Segal and Daniel Waldhorn of Blueprint brokered the sale on behalf of the seller. 

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