The Mogharebi Group Arranges Sale of 111-Unit Community in Southern California for $12M
CHULA VISTA, Calif. — The Mogharebi Group (TMG) has arranged the sale of Pacific Pointe Active Senior Living, a 111-unit active adult community in Chula Vista.
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Westmont Living Buys California’s Third-Largest Community for $58M
RIVERSIDE, Calif. — Cushman & Wakefield has negotiated the sale of Altavita Village, California’s third-largest senior living community according to the broker.
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Protea, Irwin Partners Complete Community in Oceanside, California
OCEANSIDE, Calif. — Developer Protea and Irwin Partners Architects (IPA) have completed construction of Ocean Hills, a seniors housing community in Oceanside, approximately 35 miles north along the coast from San Diego.
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Cushman & Wakefield Arranges Sale of 91-Unit Community in San Diego
SAN DIEGO — Cushman & Wakefield has brokered the sale of Felicita Vida, a 91-unit assisted living and memory care community in San Diego.
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Oakmont Senior Living Names Ferdinand Buot as Executive Director of Community in California
SANTA ROSA, Calif. — Oakmont Senior Living has hired Ferdinand Buot as the new executive director of Oakmont of Varenna, a continuing care retirement community in Santa Rosa.
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Watermark Hires Executive Director, Membership Director for Upcoming Community in Napa Valley
NAPA, Calif. — Watermark Retirement Communities has hired two executives to lead The Watermark at Napa Valley, a luxury retirement community scheduled to open in Napa in the summer of 2020.
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Lancaster Pollard Completes Three Fannie Mae Loans Totaling $57M
SALT LAKE CITY, HOLLADAY, Utah, and VACAVILLE, Calif. — Lancaster Pollard Mortgage Co., a division of ORIX Real Estate Capital, has arranged three refinancing loans for seniors housing properties in the West totaling $57 million.
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Advocacy Development Partners Breaks Ground on 32-Unit Memory Care Community in San Dimas, California
SAN DIMAS, Calif. — Advocacy Development Partners has broken ground on The Terraces at Via Verde, a 32-unit memory care community in San Dimas, a city in the San Gabriel Valley of Los Angeles County.
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Mogharebi Group Arranges $34.4M Sale of Age-Restricted Community in San Gabriel Valley
HACIENDA HEIGHTS, Calif. — The Mogharebi Group (TMG) has brokered the sale of Sagewood Gardens, an age-restricted community located on Gale Avenue in Hacienda Heights. A San Gabriel Valley-based private investor acquired the asset from a Los Angeles-based private owner
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JCH Brokers Sale of 23-Unit Boutique Community in California’s Central Coast
SANTA BARBARA, Calif. — JCH Senior Housing Investment Brokerage has arranged the sale of a boutique, 23-unit assisted living and memory care facility on the Central Coast of California.
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Blueprint Brokers Sale of Nine-Acre Development Site in Northern California
REDDING, Calif. — Blueprint Healthcare Real Estate Advisors has arranged sale of a nine-acre seniors housing development site in Redding, approximately 160 miles north of Sacramento.
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1031 Crowdfunding Acquires 100-Bed Assisted Living, Memory Care Facility in Southern California for $20.1M
RANCHO CUCAMONGA, Calif. — 1031 CF Properties, an affiliate of 1031 Crowdfunding, has purchased an assisted living and memory care facility located in Rancho Cucamonga for $20.1 million. Meridian Senior Living operates the 100-bed property. Additional terms of the transaction were
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Greystone Provides $8M in Refinancing for Age-Restricted Community in Hemet, California
HEMET, Calif. — Greystone has provided an $8 million Fannie Mae loan for the refinancing of Casa Del Rey Mobile Homes Estates, a manufactured housing property that is age-restricted to residents 55 years old and older in Hemet. Situated on 30.6
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KeyBank Provides $29M HUD Refinancing for Skilled Nursing Facility in Northern California
SALINAS, Calif. — KeyBank Real Estate Capital has provided $29 million to refinance Pacific Coast Care Center, a 149-bed skilled nursing facility in Salinas, just south of the Bay Area proper.
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Oakmont Names Terry Ervin as Executive Director of Community in Sacramento
SACRAMENTO — Oakmont Senior Living has named Terry Ervin as executive director of Oakmont of East Sacramento, a 135-unit assisted living and memory care community currently under construction in Sacramento.
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Sundt Starts Construction of Avesta Community in California
NOVATO, Calif. — Sundt Construction Inc. has started construction of Avesta Residences at Hamilton Hill, a seniors housing community in the Bay Area city of Novato.
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Guest Services Senior Living, Northstar Commercial Partners Unveil Renovation Plans for Community in Vista, California
VISTA, Calif. — Guest Services Senior Living and Northstar Commercial Partners have joined forces to renovate and rebrand Vista Gardens, a memory care facility in Vista, approximately midway between Los Angeles and San Diego.
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Madison Marquette, GFH Financial Acquire Six-Property Senior Living Portfolio for Over $180M
CALIFORNIA, WASHINGTON AND MICHIGAN — Madison Marquette and GFH Financial Group have acquired a portfolio of six private-pay senior living communities in California, Washington and Michigan. Although a specific purchase price was not provided, GFH described the deal as “exceeding
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Meegan Kline Named Executive Director of 510-Unit CCRC Being Built in San Diego
SAN DIEGO — Meegan Kline has been named executive director for The Glen at Scripps Ranch, the new continuing care retirement community (CCRC) in the Scripps Ranch area of San Diego.
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Carefield Living Completes $6M Renovation Project in Salinas, California
SALINAS, Calif. — Carefield Living has completed a $6 million renovation of Madonna Gardens Assisted Living and Memory Care in Salinas, approximately 60 miles south of San Jose.
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Canyon Partners Invests $10.9M in Griffin Living Project in California
THOUSAND OAKS, Calif. — Canyon Partners Real Estate LLC has provided $10.9 million of preferred equity to Griffin Living for the construction of a seniors housing community in Thousand Oaks, approximately 40 miles west of Los Angeles.
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NorthMarq Arranges $7.6M Refinancing for Seawind Seniors Apartments in Oxnard, California
OXNARD, Calif. — NorthMarq has arranged $7.6 million in financing for Seawind Seniors Apartments, an age-restricted community in Oxnard, approximately 65 miles west of Los Angeles.
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Koelsch Communities Completes $40M Community in Chandler, Arizona
CHANDLER, Ariz. — Koelsch Communities has completed The Park at Copper Creek, an independent living community in Chandler.
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Cadence Hires Kiel Stromgren as Executive Director of Bay Area Community
MILBRAE, Calif. — Cadence Living has hired Kiel Stromgren as executive director of Cadence Millbrae, a seniors housing community in the Bay Area city of Milbrae.
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Public-Private Partnership Breaks Ground on $36M Affordable Community in Bay Area
ALAMEDA, Calif. — The City of Alameda, Eden Housing and Alameda Point Partners have broken ground on Alameda Point Senior Apartments, a 60-unit affordable seniors housing community in Alameda, just south of Oakland.
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Integral Takes Over Operations of Two Communities in Roseville, California
ROSEVILLE, Calif. — Integral Senior Living has been named the management company for Terraces of Roseville and Meadow Oaks of Roseville, both located in Roseville. Located in the Sacramento metropolitan area, Integral officially took over operations on July 1. No
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Oakmont Senior Living Plans 90,000 SF Community in Southern California
OXNARD, Calif. — Oakmont Senior Living has announced plans for Oakmont of Riverpark, slated to open this winter in Oxnard, a coastal city approximately 70 miles west of Los Angeles.
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