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Clarendale-of-Mokena_Mokena-Ill
AcquisitionsIllinoisNews

Inland Acquires 156-Unit Community in Chicago Suburb

by Hayden Spiess

MOKENA, Ill. — Inland Real Estate Acquisitions has acquired Clarendale of Mokena, a 156-unit senior living community located in Mokena, a southwest suburb of Chicago.  The property features 60 independent living, 56 assisted living and 40 memory care units. Amenities at the community include a bistro, pub, full-service salon and spa, fitness studio, theater room, gathering spaces, landscaped grounds and an outdoor patio.  “Our senior living investment strategy centers on acquiring the highest quality opportunities with best-in-class operators,” says Matthew Tice, senior vice president of Inland. “The Clarendale of Mokena is …

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CaliforniaDevelopmentFinanceNews

Ziegler Closes $101.7M Bond Financing for California Nonprofit

by Hayden Spiess

SARATOGA, Calif. — Specialty investment bank Ziegler has completed the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority.  The borrower is a nonprofit public benefit corporation that owns and operates two senior living communities, located in Napa and Saratoga. The borrower’s original senior living community, situated on a 37-acre site in Saratoga, has been in operation since 1912. The property comprises 141 independent living units, 85 assisted living apartments, a 94-bed skilled nursing facility and 15 memory care beds.  Proceeds …

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Company NewsFinanceIllinoisNews

Evans Senior Investments Expands with Dedicated Capital Markets and Debt Advisory Team

by Hayden Spiess

CHICAGO — Brokerage firm Evans Senior Investments (ESI) has expanded its platform with the addition of a dedicated capital markets and debt advisory team.  Hank Fuller will serve as director and lead the capital markets practice, which will include Jeremy Laboe, senior capital associate.  “Our clients were navigating debt alone,” says Fuller. “That gap is where we’re focused, running a disciplined, marketed process across our lender network to drive pricing, terms and execution certainty.” According to ESI, the firm has active relationships with more than 500 lenders, including banks, debt funds …

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FinanceNew YorkNewsSkilled Nursing

Borrower Receives $84M Financing for Skilled Nursing Facility in New York City

by Hayden Spiess

NEW YORK CITY — An undisclosed borrower has received $84 million in financing for a skilled nursing facility located in New York City.  MonticelloAM provided the financing, which includes a $79 million bridge loan and a $5 million working capital line of credit, with an initial term of 30 months. Proceeds were used to acquire the facility, which totals 280 licensed beds.  The borrower’s portfolio includes more than 20 healthcare properties. 

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Georgia-South-Carolina-Portfolio
AcquisitionsGeorgiaNewsSouth Carolina

SLIB Arranges Sale of 426-Unit Portfolio in Georgia, South Carolina

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 426-unit senior living portfolio located in Georgia and South Carolina.  Comprising six communities situated on four campuses, the portfolio features 156 independent living units, 200 assisted living units and 70 memory care units. The properties were built between 2017 and 2022.  A Southeast-based developer sold the portfolio to a publicly traded REIT for an undisclosed price. Daniel Geraghty, Bradley Clousing, Jeff Binder and Jason Punzel of Illinois-based SLIB represented the seller in the transaction. 

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Affordable HousingArizonaFinanceNewsPennsylvania

Cambridge Provides $49.7M HUD-Insured Financing for Affordable Communities in Arizona, Pennsylvania

by Hayden Spiess

CHICAGO — Cambridge Realty Capital has provided $49.7 million in HUD-insured first mortgage financing for a portfolio of five affordable seniors housing communities located in Arizona and Pennsylvania.  Totaling 150 units, the Arizona property is located in Tucson. The Pennsylvania properties together comprise 321 units and are located in Danville, Clarks Summit and Hanover Township.  According to Zach Scardina of Chicago-based Cambridge Realty Capital, the loans feature a fixed-rate, 35-year fully amortizing term. Funds from the loans will be used to retire existing debt, recapture equity and implement modernizations at the …

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Alders-Magnolia_Magnolia-Texas
AcquisitionsActive AdultNewsTexas

Berkadia Brokers Sale of 184-Unit Active Adult Community in Texas

by Hayden Spiess

MAGNOLIA, Texas — Berkadia has brokered the sale of Alders Magnolia, an active adult community located in Magnolia, roughly 40 miles northwest of Houston. Aspens Senior Living acquired the community from Capitol Seniors Housing for an undisclosed price.  Built in 2021, the property totals 184 units. Amenities at the community include a heated pool, spa, theater, fitness center, demonstration kitchen, coffee bar, private wine lockers, a putting green, bocce ball court and lounge.  Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia represented Capitol Seniors Housing in the transaction. 

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DevelopmentNevadaNews

Kisco Senior Living Plans New Community in Las Vegas

by Hayden Spiess

LAS VEGAS — Kisco Senior Living has announced plans to develop a new community in Summerlin, a master-planned community located in Las Vegas.  Upon completion, the property will feature independent living, assisted living and memory care units.  “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed …

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Long-Island-Property
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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The-Commons-on-Thornton_Stockton-Calif
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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