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AcquisitionsAssisted LivingFloridaMemory CareNews

Blueprint Brokers Sale of 145-Unit Senior Living Property in Boca Raton

by Hayden Spiess

BOCA RATON, Fla.  — Blueprint has brokered the sale of a 145-unit assisted living and memory care property located in Boca Raton in South Florida.  A South Florida-based developer acquired the property, The Atrium at Boca Raton, for an undisclosed price. The property was above 90 percent occupancy as of 2024, according to Blueprint. Operator Gold Standard of Care will partner with the buyer to guide operations and growth at the community.  Ben Firestone, Jacob Gehl and Dillon Rudy of Blueprint represented the seller in the transaction. 

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AcquisitionsColoradoNews

Morgan Stanley Acquires $305M Seniors Housing Portfolio

by Hayden Spiess

DENVER — Investment funds managed by Morgan Stanley Real Estate Investing (MSREI) have acquired a seniors housing portfolio for $305 million. Kayne Anderson was the seller. Totaling 463 units, the portfolio features three communities located near Denver.  “We are pleased to acquire this high-quality portfolio of senior housing communities, which has demonstrated strong historical performance,” says Will Milam, head of U.S. investments at MSREI.  “As people age, their real estate needs evolve, and as the first Baby Boomers are turning 80 this year, demand for senior housing is rising rapidly. We expect …

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AcquisitionsAssisted LivingIndependent LivingNewsTexas

Unbridled Living Acquires 273-Unit Independent, Assisted Living Community in Dallas

by Hayden Spiess

DALLAS — Unbridled Living has acquired The Reserve at North Dallas, a 273-unit independent and assisted living community located in Dallas. The seller was not disclosed.  Built in 2000, the property features 247 independent living apartments and 26 assisted living units. Amenities at the community include a bistro, game room, wellness center, hair salon, library, media room, resident lounge and putting green.  Jay Wagner, Rick Swartz, Aaron Rosenzweig, Jim Dooley and Dan Baker of JLL brokered the sale on behalf of the seller. Allison Holland of JLL secured acquisition financing through …

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AcquisitionsAssisted LivingNewsTexas

Helios Brokers Sale of Restored Assisted Living Facility in Dallas-Fort Worth Metro

by Hayden Spiess

DENTON, Texas — Helios Healthcare Advisors has brokered the sale of Fairhaven Denton Assisted Living in Denton, roughly 40 miles northeast of Fort Worth.  Situated on 33 acres, the property was originally developed by the Denton Business & Professional Women’s Club in the mid-1950s. After operating for more than 40 years, the community closed in 2007. In 2019, Austin, Texas-based developer Investcor acquired Fairhaven and engaged in an $8 million renovation of the property, which is now featured on the National Register of Historic Places.  Fairhaven reopened in fall 2020. The …

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AcquisitionsAssisted LivingMemory CareNewsPennsylvania

Juniper Communities Acquires 90,865 SF Community in Pennsylvania

by Hayden Spiess

DEVON, Pa. — Juniper Communities has acquired  The Devon Senior Living in Devon. Totaling 90,865 square feet, the property features 65 assisted living apartments — called “personal care” apartments in the state of Pennsylvania — and 13 memory care units.  Originally developed in 1892 as the Eliza Cathcart Home and expanded in 1896, the property was fully renovated this year. Juniper plans to implement additional design and program enhancements at the community, which has been renamed Juniper Village at Devon.

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Colorado-Portfolio
AcquisitionsAssisted LivingColoradoNewsSkilled Nursing

SLIB Arranges Sale of Skilled Nursing, Assisted Living Portfolio in Colorado

by Hayden Spiess

FORT COLLINS and WINDSOR, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado.  Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings.  A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller. 

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Company NewsIllinoisNewsPeople

Katie Pitts Joins Charter as Vice President of Marketing 

by Hayden Spiess

NAPERVILLE, Ill. — Katie Pitts has joined owner and operator Charter Senior Living as vice president of marketing.  Pitts brings almost 20 years of experience in the senior living and health care industries. She has previously led marketing and brand strategy for CCRCs in the Midwest and acted as an advisor to multiple senior living organizations.  “Katie’s leadership comes at a pivotal time as we continue to strengthen our marketing capabilities and data-informed strategies,” said Jayne Sallerson, president and COO of Charter Senior Living, in a statement. “Her proven expertise in …

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ArizonaFinanceIllinoisMissouriNewsTennessee

Inland Secures $149M for DST Fund Focused on Senior Living

by Hayden Spiess

OAK BROOK, Ill. — Inland Real Estate Investment Corp. has raised more than $149 million in capital for its private investment offering, National Senior Living Portfolio DST, a Delaware statutory trust sponsored by Inland. Now fully subscribed, the fund has been closed.  The trust currently indirectly owns three senior living communities. Located in Arizona, Missouri and Tennessee, the communities total 635 units. Each of the communities offers independent living, assisted living and memory care. The properties include Clarendale of Chandler in Chandler, Arizona; Clarendale of St. Peters in St. Peters, Missouri; …

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FinanceMarylandNewsSkilled Nursing

CFG Provides $253.2M Refinancing for Skilled Nursing Portfolio in Maryland, Virginia

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided a $253.2 million bridge loan for the refinancing of a skilled nursing portfolio.  The portfolio includes six facilities in Maryland and on in Virginia. Together, the properties total 1,050 beds.  Craig Casagrande, Scott Robinson and Catherine Mansel of Baltimore-based CFG originated the financing for the undisclosed borrower. 

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Company NewsNewsPeopleTexas

Cooper Vittitow Takes Over as CEO of Civitas Senior Living

by Hayden Spiess

FORT WORTH, Texas — Cooper Vittitow has been appointed chief executive officer of Civitas Senior Living. Vittitow will also retain the role of president of the company. He assumed the position Dec. 1, as Civitas co-founder Wayne Powell transitioned from CEO to chairman of the board.  Powell founded Civitas, which owns and operates 32 seniors housing communities across several states, in 2012 with co-founder and managing partner Jay Dempsey. The company now serves roughly 5,000 residents.  Vittitow brings more than 18 years of experience in the senior living sector to his …

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