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AcquisitionsAssisted LivingCaliforniaMemory CareNewsSkilled Nursing

Marcus & Millichap Brokers $34.5M Sale of Two Properties in Los Alamitos, California

by Hayden Spiess

LOS ALAMITOS, Calif. — Marcus & Millichap has brokered the $34.5 million all-cash sale of two senior living properties located in Los Alamitos.  The properties include Alamitos West Health & Rehabilitation Center, a 142-bed skilled nursing facility and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care community. International Equity Partners was the buyer.  Nick Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the undisclosed seller in the transaction. Stahler procured the buyer. Tony Solomon is Marcus & Millichap’s broker of record in California. 

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CaliforniaCompany NewsNewsPeople

Industry Veteran Doug Korey Retires

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — Doug Korey, an industry professional with more than 40 years of experience in the seniors housing sector, has retired.  Most recently, Korey served as managing director of business development for LTC Properties. According to the company, Korey is departing to focus on his family and health.  A member of the American Health Care Association and the American Seniors Housing Association, he originated and structured billions of dollars in health care real estate transactions throughout his career and was engaged in the broader seniors housing and care landscape.  …

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Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNewsPennsylvania

BWE Secures $308M Refinancing for Two Communities in California, Pennsylvania

by Hayden Spiess

LOS ANGELES and AMBLER, Pa. — BWE, a Cleveland-based commercial real estate financial services firm, has arranged the $308 million refinancing of a pair of seniors housing properties in the Los Angeles and Philadelphia metro areas. The financing was structured as a single transaction on behalf of a joint venture between Columbia Pacific Advisors, LAMB Properties and Harbert South Bay Partners. Momentum Senior Living operates both properties. Located northwest of Los Angeles in Woodland Hills, California, The Variel is a 336-unit community that offers independent living, assisted living and memory care …

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ArizonaCaliforniaFinanceNews

JLL, HJ Sims Secure $239.6 Million in Tax-Exempt and Taxable Bond Financing for Seniors Housing Portfolio

by Channing Hamilton

BUCKEYE AND YUMA, Ariz., AND SANTA CLARITA, Calif. — JLL and HJ Sims have arranged $239.6 million in tax-exempt and taxable bond financing for the Integrated Senior Foundation-Ativo Portfolio, three seniors housing properties totaling 430 units in Arizona and California. Integrated Senior Foundation is a non-profit 501(c)(3) owner and operator based in Brea Calif. The portfolio, which includes two ground-up development communities and one acquisition, consists of Ativo of Sundance, located in the fast-growing city of Buckeye, Arizona; Ativo of Yuma, in Yuma, Arizona; and Ativo of Santa Clarita, located within …

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Assisted LivingCaliforniaDevelopmentMemory CareNews

Clearwater Underway on 100-Unit Community in Los Angeles

by Hayden Spiess

LOS ANGELES — Clearwater Living is currently underway on the development of a new, 100-unit senior living community in the Beverly Grove neighborhood of Los Angeles.  Upon completion, the property will total 100 studio, one- and two-bedroom apartments across seven stories, including assisted living, memory care and short-term residences. Amenities at the community, dubbed The Leonard on Beverly, will include a movie theater, rooftop terrace, restaurant, private dining space and exhibition kitchen. The development will also feature 7,000 square feet of medical office space and a 6,000-square-foot synagogue.  The community is …

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AcquisitionsAssisted LivingCaliforniaIndependent LivingMemory CareNews

Alta Senior Living Acquires 162-Unit Community in Sacramento, California

by Hayden Spiess

SACRAMENTO, Calif. — Alta Senior Living has acquired a 162-unit seniors housing community located in Sacramento. Alta purchased the property with joint venture partner Brasa Capital Management.  Formerly known as The Village at Heritage Park, the property will be rebranded as Rose Arbor Village. Built in 2017, the community features independent living, assisted living and memory care residences.  Alta plans to implement a repositioning strategy that includes upgrading amenities, strategic lease-up initiatives and enhancing resident engagement.  “We’re excited to add another full continuum community to our portfolio at an attractive basis …

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Assisted LivingCaliforniaDevelopmentMemory CareNews

Harbert South Bay Partners to Open 140-Unit Assisted Living, Memory Care Community in Dublin, California

by Hayden Spiess

DUBLIN, Calif. — Developer Harbert South Bay Partners will open The Whitford of Dublin, a new assisted living and memory care community, in Dublin in fall 2026.  Totaling 140 units, the property will feature residences in studio, one- and two-bedroom layouts. The largest floorplans will comprise 1,499 square feet.  Momentum Seniors Living will manage the community. 

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CaliforniaCompany NewsNewsPeople

Clearwater Living Promotes Danielle Morgan to CEO

by Hayden Spiess

NEWPORT BEACH, Calif. — Senior living developer and operator Clearwater Living has promoted Danielle Morgan to the role of chief executive officer with the company. Morgan, who joined Clearwater in 2017, has more than 30 years of experience in the financial services and senior living industries. Prior to joining Clearwater, Morgan held the role of chief operations officer of MBK Senior Living. She also serves on the board of directors for the California Assisted Living Association (CALA) and as a member of the executive board for the American Seniors Housing Association …

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Assisted LivingCaliforniaFinanceMemory CareNewsSkilled Nursing

Forbright Provides $44M HUD Financing for 318-Bed Facility in California

by Hayden Spiess

SAN JOSE, Calif. — Forbright Bank has provided a $44.2 million HUD loan to finance a 318-bed skilled nursing, assisted living and memory care facility located in the San Jose area of California.  Provided under the HUD 232/223(f) program, the 35-year fully amortizing term loan will be used to refinance existing Forbright Bank bridge and partnership debt, as well as cover the cost of recent capital expenditures and critical repairs. Forbright originally provided acquisition financing and a line of credit for working capital for the undisclosed borrower in 2022. 

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AcquisitionsAssisted LivingCaliforniaMemory CareNews

ONELIFE Acquires 137-Unit Assisted Living and Memory Care Community in Sacramento

by Hayden Spiess

SACRAMENTO, Calif. — Developer and operator ONELIFE Senior Living has acquired The Woodlake Senior Living, a 137-unit community located in Sacramento.  Amenities at the property, which offers assisted living and memory care residences, include a movie theater, game room, fitness center, salon, library and arts and crafts room. This marks the fourth senior living community in California for ONELIFE, which merged with Ally Senior Living earlier this year. “The Woodlake Senior Living represents a strategic expansion of our California presence,” says Dan Williams, CEO of ONELIFE. According to the company, the …

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