Tuesday, August 26, 2025
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California

James Callister
AcquisitionsCaliforniaIdahoNewsOregonSkilled NursingWashington

CareTrust REIT Acquires $146M Skilled Nursing Portfolio

by Hayden Spiess

SAN CLEMENTE, Calif. — CareTrust REIT and a joint venture partner have acquired a portfolio of skilled nursing facilities in the Pacific Northwest for $146 million.  Comprising 911 licensed beds across 10 properties, the portfolio is located in Idaho, Oregon and Washington. The two existing tenants will continue to occupy the facilities on new, 15-year triple-net leases with extended options and annual escalators.  California-based CareTrust provided common equity and preferred equity investments totaling $141 million at closing using cash on hand and a draw from the company’s revolving credit line.  This …

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Parkview-Glendale-Redevelopment
Affordable HousingCaliforniaDevelopmentNews

EAH Housing to Redevelop Assisted Living Community in California Into Affordable Housing 

by Hayden Spiess

GLENDALE, Calif. — EAH Housing, a nonprofit housing developer and manager, has announced plans to redevelop Parkview Glendale, an assisted living community located in Glendale.  Upon completion, the property will feature 68 units of affordable housing for seniors. Originally built in 1973, the community will comprise 20 studio apartments ranging from 350 to 360 square feet and 47 one-bedroom apartments ranging from 400 to 475 square feet, as well as a 750-square-foot manager unit.  Amenities at the 43,000-square-foot property will include a community room, community garden, courtyards and a resident lounge.  …

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Assisted LivingCaliforniaFinanceIndependent LivingMemory CareNews

Live Oak Bank Provides $25M Bridge Financing For Community Near Los Angeles

by Hayden Spiess

LOS ANGELES —Live Oak Bank has provided a $25 million bridge-to-sale loan to finance a community located near Los Angeles.  An entity doing business as Harbert Seniors Housing Fund I LP is the borrower. The financing features a three-year initial term, 36 months of interest-only payments and $2.8 million in potential future earnout proceeds.  The property totals 97 units, with independent, assisted living and memory care residences. 

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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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Doug-Korey
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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Ativo of Sundance
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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