Newmark Brokers $255M Sale of Four-Property Portfolio in Metro Phoenix

PHOENIX — Newmark has arranged the $255 million sale of a four-property, Class A seniors housing portfolio in Phoenix and its suburbs. The LivGenerations portfolio totals 546 units comprising independent living, assisted living and memory care. The seller built all…

Blueprint Brokers $45M Sale of Assisted Living Community in Arizona

ARIZONA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 150-unit “behavioral assisted living” community in Arizona. A regional developer, owner and operator sold the asset to a private equity firm for $45 million, or $271,000 per…

VIUM Provides $13.7M HUD Refinancing for 199-Bed CCRC in Arizona

ARIZONA — VIUM Capital has provided a $13.7 million HUD refinancing for a nonprofit continuing care retirement community (CCRC) in Arizona. The transaction replaces a bridge loan, which VIUM also provided in January 2021. The property features 12 independent living,…

BMO Harris Closes $145M Term Facility for LCS, Westminster Capital

PHOENIX — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on a $145 million, two-bank term facility for LCS and Westminster Capital. The borrowers will use the funds to recapitalize Sagewood, a continuing care retirement community in Phoenix.…

Integral Senior Living to Operate Two Communities in Texas, Arizona

PFLUGERVILLE, Texas, and QUEEN CREEK, Ariz. — Integral Senior Living has taken oer operations of Sage Valley Senior Living in Pflugerville and Mojave Sage Senior Living in Queen Creek. Both properties provide assisted living and memory care services. This addition…

Walker & Dunlop Arranges Sales of Three Communities for $150M

PHOENIX, ORLANDO and CHICAGO — The Walker & Dunlop seniors housing team has arranged three acquisitions with three different institutional partners. The transactions totaled over $150 million across 419 independent living, assisted living and memory care units. The assets are…

Merrill Negotiates $45M Sale of 301-Unit Community in Phoenix

PHOENIX — Merrill Commercial Real Estate has arranged the sale of a 301-unit seniors housing community in Phoenix. The 300,000-square-foot property offers both independent living and assisted living. The seller invested $20 million in capital improvements to convert the former…

Civitas Nears Completion of 212-Unit The Bluffs at Flagstaff in Arizona

FLAGSTAFF, Ariz. — Fort Worth-based operator Civitas Senior Living is nearing completion of The Bluffs of Flagstaff, with a tentative opening date of April 2022. The Bluffs of Flagstaff is a 210,572-square-foot, three-story assisted living and four-story independent living campus.…

CIT Arranges $34M Financing for Enclave at Chandler in Arizona

CHANDLER, Ariz. — CIT Group Inc. (NYSE: CIT), through its Healthcare Finance business, served as sole lead arranger of $34 million to refinance the Enclave at Chandler. Opened in 2018 in the Phoenix suburb of Chandler, the community features 89…

Ativo Senior Living Opens 79-Unit Community in Yuma, Arizona

YUMA, Ariz. — Ativo Senior Living has opened Ativo of Yuma, an assisted living and memory care community in the Fortuna Foothills submarket of Yuma. The 79-unit community features floorplans ranging from studio to one- and two- bedroom options. This…