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AcquisitionsAssisted LivingMemory CareNew YorkNews

Atria Senior Living Acquires Two Communities on Long Island

by Hayden Spiess

LEVITTOWN and PATCHOGUE, N.Y. — Atria Senior Living, in partnership with Fundamental Advisors and Scribner Capital, has acquired two assisted living and memory care communities located on Long Island.  D&F Development Group sold the properties, which include Village Green in Levittown and Village Walk in Patchogue, for an undisclosed price. Charley Bissell, Ryan Stoll and Taylor Mokris of BWE Investment Sales represented the seller in the transaction.  Built in 2020, Village Green features 57 assisted living units and 46 memory care units. Village Walk was completed in 2018 and totals 146 …

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

MBK Senior Living Sells Two California Communities Totaling 198 Units

by Hayden Spiess

MANTECA and STOCKTON, Calif. — MBK Senior Living has sold two communities totaling 198 units in California.  Located in Manteca and Stockton, the portfolio includes The Commons at Union Ranch and The Commons on Thornton. Clarion Partners acquired the communities for an undisclosed price.  Built in 2004, The Commons on Thornton features 100 assisted living and memory care units. The property was 94 percent occupied at the time of sale. The Commons at Union Ranch was built in 2008 and comprises 98 assisted living and memory care units. The community was …

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Company NewsNewsOhioOperations

Treplus Launches Third-Party Active Adult Management Company

by Hayden Spiess

COLUMBUS, Ohio — Treplus Communities, and owner and operator of active adult properties, has launched Treplus Property Management (TPM), a new third-party management company.  Designed specifically to meet the needs of active adult communities, TPM will offer a full range of management services, overseeing daily operation, maintenance, marketing, leasing, resident engagement, financial oversight and regulatory compliance as a third-party operator.  “Treplus Property Management represents a natural progression of my dedication to redefining active adult living,” says Jane Arthur Roslovic, CEO and co-founder of Treplus Communities. “Having developed and operated our own …

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FinanceMinnesotaNews

Greystone Provides $46.7M Bridge-to-HUD Financing for Portfolio in Metro Minneapolis

by Hayden Spiess

MINNEAPOLIS — Greystone has provided a $46.7 million bridge-to-HUD loan for the refinancing of a seniors housing portfolio located in metro Minneapolis.  Totaling 153 beds across five properties, the portfolio features 97 assisted living and 56 memory care beds.  David Young of Greystone originated the financing, which features a 24-month term with two six-month extension options. Chris Clare, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher of Greystone assisted on the transaction. 

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The-Grand-Spokane
AcquisitionsNewsWashington

Clarion Acquires 137-Unit Luxury Community in Spokane

by Hayden Spiess

SPOKANE, Wash. — Clarion Partners has acquired The Grand at Spokane, a 137-unit luxury senior living community located in Spokane.  Delivered in 2024 by developer NexCore Group, the property features independent living, assisted living and memory care.  Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion.  “The Grand at Spokane exemplifies the type of asset we seek on behalf of our investors — new construction, located in a supply-constrained market, and operated by a best-in-class partner with a proven track record,” says Julie Robinson, …

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Beth Mace and Mark Zandi
FeaturesNews

Zandi: Prolonged Iran Conflict Raises Risk of U.S. Recession 

by Hayden Spiess

By Matt Valley NASHVILLE, Tenn. — The odds of a U.S. recession will be “very high” if the hostilities currently playing out in the Middle East continue for another month and the price of West Texas Intermediate (WTI) crude oil remains above $100 per barrel, says Mark Zandi, chief economist at Moody’s Analytics.  It would take an “extraordinary step” by the U.S. Congress and the Trump administration to avoid an economic downturn at that point, and the prescription would involve some form of deficit spending by the government to stimulate economic …

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Company NewsNewsPennsylvania

ACTS Retirement Communities Names Karen Christiansen CEO

by Hayden Spiess

FORT WASHINGTON, Pa. — ACTS Retirement Communities (Acts) has named Karen Christiansen as the nonprofit’s next CEO. Christiansen, who currently serves as Acts’ president, will assume the position in January 2027.  Gerald Grant, current CEO of the organization, announced his intention to retire earlier this year.  Christiansen joined Acts in 1996. Her previous roles with the company include executive vice president and chief financial officer. She was named president in 2020 and was elected to the board of directors in 2023.  Acts currently serves more than 11,000 senior living residents across …

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Georgia-South-Carolina-Portfolio
AcquisitionsAssisted LivingIllinoisMemory CareNews

SLIB Arranges Sale of 13-Property Portfolio in Georgia, South Carolina

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a senior living portfolio totaling 13 properties in Georgia and South Carolina. Built between 1989 and 2014, the communities total 672 units, with 492 assisted living units and 180 memory care units.  SLIB represented the undisclosed seller in the transaction A Southeast-based operator acquired the portfolio for an undisclosed price. The buyer plans to implement a repositioning strategy to stabilize the assets.  Brad Clousing, Dan Geraghty and Jeff Binder of SLIB negotiated the transaction. 

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Company NewsFinanceIllinoisNews

Blueprint Acquires MidCap’s HUD Lending Platform

by Hayden Spiess

CHICAGO — Blueprint Healthcare Real Estate Advisors has acquired MidCap Financial Services’ FHA/HUD lending platform, marking a significant expansion of its Capital Markets practice.  Through the acquisition, Blueprint will be able to offer clients long-term financing solutions. According to the company, Blueprint plans to offer buyers acquisition financing and provide its broader client base with refinancing solutions.  Tony Marino has been appointed to lead the platform as senior managing director. Ramona Mitchell will serve as chief underwriter. Blueprint will also onboard the existing MidCap team, including Brian Therkildsen and Yvonne Redd.  …

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AcquisitionsNews

Harbert Management Corp. Sells Five-Property Portfolio 

by Hayden Spiess

BIRMINGHAM, Ala. — Harbert Management Corp. (HMC) has sold a portfolio of five senior living properties located across four states. The exact locations and property names were not disclosed.  Amenities at the communities, which HMC acquired or developed between 2017 and 2023, include fitness centers, salons, swimming pools and restaurant-style dining.  “We are proud to have built, developed and exited a portfolio of high-quality seniors housing properties that exemplifies our focus on geographic diversification across markets and high operational performance,” says Brian Landrum, senior managing director and co-fund manager for HMC’s …

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