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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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Company NewsGeorgiaNew YorkNews

Town Lane, Kelly Sheehy to Launch New Seniors Housing Platform

by Hayden Spiess

ATLANTA and NEW YORK CITY — Town Lane and Kelly Sheehy will launch a new seniors housing platform targeting value-add and opportunistic senior living acquisitions across the country. Dubbed Arcole, the platform will be led by managing partner Sheehy and based in Atlanta.  Arcole will operate in partnership with New York City-based Town Lane. Sheehy, who previously served as senior managing director and co-portfolio manager of Artemis Real Estate Partners’ healthcare fund platform, brings more than 20 years of seniors housing experience to the new venture.  “Arcole, in partnership with Town …

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AcquisitionsAssisted LivingFinanceIndependent LivingMemory CareMichiganNews

Berkadia Arranges Sale, Financing of 152-Unit Senior Living Property in Michigan

by Hayden Spiess

WYOMING, Mich. — Berkadia has brokered the sale of Rivertown Ridge, a senior living property located in Wyoming, a suburb of Grand Rapids.  Built in 2020, the community features 152 units and offers independent living, assisted living and memory care.  CPF Living is the buyer, and its wholly owned management company, Grace Management, will operate the property on behalf of CPF. Redstone Homes, the seller, developed the property and assumed operation of the community in 2023. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia arranged the sale on …

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AcquisitionsActive AdultIndianaNews

Middle Street Partners Acquires 172-Unit Active Adult Community Near Indianapolis 

by Hayden Spiess

NOBLESVILLE, Ind. — Middle Street Partners has acquired Outlook Hamilton, an active adult community located in Noblesville, roughly 20 miles northeast of Indianapolis.  Totaling 172 units, the property marks the second active adult acquisition for Middle Street this year. In July, Middle Street completed the purchase of Elate Royal Oaks, an active adult community located in Houston.  “We’re excited about our recent acquisitions and the continued opportunities emerging in the Active Adult sector,” says Chris McGuffin, managing director of Middle Street. “Historically, the primary risk in this space was oversupply, but …

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SLIB Arranges Sale of Seven-Property Portfolio in Missouri

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care portfolio located in the state of Missouri. The portfolio comprises seven properties built between 2014 and 2020.  An undisclosed real estate investment firm was the buyer. An East Coast-based operator will manage the properties on behalf of the buyer.  Ryan Saul, Jeff Binder and Bradley Clousing of Illinois-based SLIB brokered the transaction. 

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AcquisitionsNewsTexas

Sagora Senior Living Acquires 100-Unit Community in Dallas-Fort Worth Metro

by Hayden Spiess

BURLESON, Texas — Sagora Senior Living has acquired Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth.  Situated on 25 acres, the property comprises four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which was opened in 2021, also features assisted living and memory care units. Amenities at the property include a theater room, billiards area and full-service salon.  The seller and sales price were not disclosed. 

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DevelopmentFinanceIndependent LivingNewsWashington

Horizon House Secures $600M Financing for Development Project at Seattle Campus

by Hayden Spiess

SEATTLE — Nonprofit organization Horizon House has secured bond financing for a development project at its senior living campus in the First Hill neighborhood of Seattle. Ziegler arranged the financing, completing the successful pricing of Horizon House’s $600 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are scheduled to close in December.  The existing senior living campus currently features 377 independent living apartments and 90 assisted living and memory care residences. The bonds will be used to fund a new, 33-story tower at the property, dubbed …

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Affordable HousingDevelopmentIllinoisNews

Evergreen Real Estate Group Tops Off 80-Unit Affordable Development in Metro Chicago

by Hayden Spiess

FRANKLIN PARK, Ill. — Evergreen Real Estate Group has topped off Leyden Senior Apartments, an 80-unit independent living development currently underway in Franklin Park, a western suburb of Chicago.  Designed by Weese Langley Klein Architects, Leyden Senior Apartments will feature 72 one-bedroom and eight two-bedroom residences. Units will be reserved for seniors age 62 or older earning at or below 60 percent of the area median income. Pre-leasing is scheduled to begin in spring 2026, with delivery planned for that summer. F.H. Paschen is serving as the project’s general contractor.  Amenities …

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