Colorado

MorningStar-Albuquerque_N.M
AcquisitionsColoradoNew MexicoNews

LTC Acquires Communities in Colorado, New Mexico for $73M

by Hayden Spiess

WESTLAKE VILLAGE, Calif. — LTC Properties has acquired two communities located in Colorado and New Mexico for a combined purchase price of $73 million. Harbert Management Corp. was the seller.  Berkadia brokered the sale of the properties, MorningStar of Albuquerque in New Mexico and MorningStar of Wheat Ridge in Denver. The communities total 69 units and 64 units, respectively, with assisted living and memory care.  MorningStar Senior Living will continue to manage the properties on behalf of the new ownership.  LTC will own the communities as a senior housing operating portfolio …

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ColoradoFinanceNews

Ziegler Closes $41.2M Bond Financing for Christian Living Communities

by Hayden Spiess

DENVER — Ziegler has closed Christian Living Communities Obligated Group’s $41.2 million Series 2026 Bonds, which were issued through the Colorado Health Facilities Authority.  Christian Living Communities Obligated Group is a three-property senior living organization based in Denver. The organization’s communities include Clermont Park, Someren Glen and Holly Creek in metro Denver. Together, the properties total 474 independent living apartments and villas, 122 assisted living units and 192 skilled nursing beds.  The parent group, Christian Living Communities, features other affiliate organizations and senior living communities, including three assisted living and memory …

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Affordable HousingColoradoDevelopmentNews

MGL Partners Plans Affordable Community at Hospital Campus Redevelopment in Colorado

by Hayden Spiess

WHEAT RIDGE, Colo. — MGL Partners is planning the development of a new affordable seniors housing community in Wheat Ridge, approximately 10 miles outside downtown Denver.  The community will be situated within the redevelopment of the former Lutheran Hospital campus. MGL Partners recently executed a purchase and sale agreement with E5x Management, which is leading the redevelopment of the hospital campus, for the project site.  Dubbed Legacy Terrace Apartments, the community will feature 50 units for residents age 62 and older earning between 30 and 80 percent of the area median …

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Colorado-Portfolio
AcquisitionsColoradoNews

SLIB Arranges Sale of 540-Unit Portfolio in Colorado

by Hayden Spiess

FORT COLLINS, Colo. — Senior Living Investment Brokerage has arranged the sale of an eight-property seniors housing portfolio located in Colorado. SLIB brokered the sale on behalf of the Fort Collins-based seller, who also served as the portfolio’s operator.   Totaling 540 units, the communities are located in Fort Collins, Loveland and Windsor. Vince Viverito, Jason Punzel and Jeff Binder of SLIB represented the seller.  A Tennessee-based REIT acquired the properties for an undisclosed price. An Oregon-based operator will manage the portfolio on behalf of the new ownership. SLIB previously brokered the …

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Harvard-Square-Cogir_Denver
Assisted LivingColoradoFinanceIndependent LivingMemory CareNews

Lightstone Capital Provides $20M Bridge Financing for 216-Unit Property in Denver

by Hayden Spiess

DENVER — Lightstone Capital has provided a $20 million first mortgage bridge loan to refinance Harvard Square by Cogir, a senior living community located in Denver.  Funds managed by affiliates of Fortress Investment Group own the property, which is managed by Cogir Senior Living.  Harvard Square by Cogir totals 216 units across four stories, with independent living, assisted living and memory care residences. Amenities at the property include a fitness center, activities room, golf simulator, library, salon and barbershop, café and pub.  According to Lightstone Capital, this financing reflects the platform’s …

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Jackson Creek Senior Living
AcquisitionsColoradoNews

Inland Acquires 132-Unit Luxury Community in Colorado

by Hayden Spiess

MONUMENT, Colo. — Inland Real Estate Acquisitions has completed the acquisition of Jackson Creek Senior Living, a luxury seniors housing community located in Monument, roughly 20 miles north of Colorado Springs.  Built in 2017 and situated within a master-planned development, Jackson Creek totals 132 units, with 27 independent living, 75 assisted living and 30 memory care residences. Amenities at the community include a bistro, library, fitness center, salon, theater, complimentary transportation and 24-hour concierge service.  According to Inland, Jackson Creek averaged an occupancy level of 96 percent over the past year.  …

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MorningStar-of-Parker_Parker-Colo
AcquisitionsColoradoNews

Health Wave Partners Acquires 191-Unit Campus in Denver Metro

by Hayden Spiess

PARKER, Colo. — Health Wave Partners has acquired MorningStar Senior Living of Parker, a seniors housing campus located in the Denver submarket of Parker.  Totaling 191 units, the property offers a full continuum of care. MorningStar opened the first building at the campus in 2012, expanding the property in 2014 and 2016. The campus was fully occupied at the time of acquisition.  “MorningStar of Parker exemplifies the type of high-quality, institutionally operated assets we seek to own,” says Philip Kayden, chief investment officer at Health Wave Partners. “We are excited to …

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AcquisitionsAlabamaArizonaColoradoFinanceNewsSkilled Nursing

CFG Provides $51.2M Acquisition Financing for Skilled Nursing Facilities

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided $51.2 million in financing for the acquisition of four skilled nursing facilities.  Totaling 487 beds, the properties are located in Alabama, Arizona and Colorado.  Andrew Jones and Ava Julio of CFG originated the bridge-loan transaction.  “Every bridge loan we structure for an acquisition starts with the end in mind,” says Tim Eberhardt, executive vice president of bridge, HUD and agency at CFG Bank. “We build a clear path to HUD permanent financing from day one — so that as the borrower’s business grows …

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Amira-Lowry_Denver
Active AdultColoradoDevelopmentNews

United Properties Breaks Ground on 154-Unit Active Adult Community in Denver

by Hayden Spiess

DENVER — United Properties has broken ground on a new active adult community, Amira Lowry, in the Denver neighborhood of Lowry.  Upon completion, the property will total 154 units reserved for adults age 55 and older. Residences will include studio, one- and two-bedroom apartments.  Great Lakes Management will operate Amira Lowry.  Construction of the project is being led by Weis Builders. A development timeline was not disclosed. Plans for the site also include a future, second phase with villa-style active adult homes.  Owned by Pohlad Cos., United Properties specializes in ground-up …

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Oberon-House_Arvada-Colo
AcquisitionsColoradoNews

SLIB Arranges Sale of 60-Unit Community in Metro Denver

by Hayden Spiess

ARVADA, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Oberon House, a senior living community located in Arvada, roughly 10 miles northwest of downtown Denver.  A Colorado-based owner and operator sold the property, which totals 60 units within a 47,217-square-foot building. The Oberon House was the seller’s only senior living property, and they sold the community in order to retire.  Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB brokered the transaction on behalf of the seller. 

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