Connecticut

WEST HARTFORD, Conn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Hamilton Heights Senior Living, a 113-unit independent living and memory care community in West Hartford. Formerly known as Mount St. Joseph Academy, a Roman Catholic boarding school for girls, the property was adapted into an independent living, assisted living and memory care community in 1997. The original academy was built in 1905 by well-known Hartford architect John J. Dwyer, and is currently on the National Register of Historic Places. Hamilton Heights is situated on a large …

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HARTFORD, Conn. — M&T Realty Capital Corp. has closed $51.6 million in Fannie Mae Seniors Housing loans for the acquisition financing of a seniors housing portfolio located in the Hartford MSA. The borrowers are White Oak Healthcare REIT and Everbrook Senior Living. The 10-year, floating-rate loans are structured with three years of interest-only payments followed by a 30-year amortization. Matt Pipitone of M&T’s Baltimore office led the transaction. Further details on the properties were not disclosed.

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GUILFORD, Conn. — Lument has provided an $18.9 million HUD refinancing for The Guilford House, a 96-bed assisted living and skilled nursing facility in Guilford, a coastal town 15 miles east of New Haven. The closing refinances a blended-rate loan from 2019 provided by Lument to fund an expansion of assisted living units and services. Aaron Becker, head of seniors housing and healthcare production for Lument, led the transaction. “This refinance marks the culmination of a successfully implemented plan that expanded the community’s scope of services and positions it for …

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NEW YORK CITY — JLL Capital Markets has arranged $145 million in acquisition and capital improvement financing for two seniors housing portfolios. The first portfolio includes six properties throughout the Northeast, and the second comprises nine properties in the Southeast. JLL worked on behalf of the borrowers, Sculptor Real Estate and its operating partners, to secure two separate nonrecourse loans, one for each portfolio, through national banks. Each loan was fully underwritten without a syndication requirement. Additionally, JLL represented the undisclosed seller in the marketing and sale of the portfolios. …

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STAMFORD, Conn. — EPOCH Senior Living and National Development has opened Waterstone on High Ridge, a seniors housing community in Stamford, approximately 25 miles northeast of New York City. The community features 88 independent living, 36 assisted living and 22 memory care units. Independent living units are currently 60 percent leased. All-inclusive monthly fees for independent living start at $8,950 per month for a one-bedroom, while assisted living starts at $10,500 and memory care at $8,750. EPOCH Senior Living operates 13 senior living communities in the Northeast with three under …

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RIDGEFIELD, Conn. — New England-based Senior Living Residences (SLR) has acquired a former Atria Senior Living Community in Ridgefield, located along the New York State border approximately 50 miles northeast of Manhattan. SLR is rebranding the community, which opened in 2020, as Ridgefield Station Senior Living. The number of units and type of care were not disclosed. “While it has only been a short time since SLR took on management of the community, we have already made some integral changes,” says Tadd Clelland, SLR’s president and CEO. “We have significantly …

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CHARLESTON, S.C. — Berkadia Seniors Housing & Healthcare has arranged $47 million in financing for five skilled nursing facilities across the country. Jay Healy secured the financing on behalf of multiple borrowers. In the first loan, Berkadia arranged the HUD refinancing of a 40-bed, Medicare-only skilled nursing facility in Sacramento. The $14.5 million, 48 percent loan-to-value financing retired the construction debt and covered transaction costs for the California-based client. The facility was constructed in June 2018, but did not receive its Medicare certification until August 2019. Occupancy at the time …

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HARTFORD, Conn. — Cushman & Wakefield has arranged the sale and recapitalization of a 225-unit portfolio consisting of two independent living, assisted living and memory care communities located in the greater Hartford area. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Sam Dylag and Chris Remeika exclusively represented Everbrook Senior Living, which is acquiring the communities in a joint venture with White Oak Healthcare REIT. Everbrook will continue to manage the properties following the sale. The seller and price were not disclosed. “[Everbrook’s] focus on continuum communities in underserved markets with …

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PLAINFIELD, Conn. — Senior Living Investment Brokerage has arranged the sale of Villa Maria Nursing and Rehab, a 62-bed skilled nursing facility in Plainfield. The seller was a private owner looking to divest ownership of the asset, while remaining employed within the industry. The buyer is a New England-based owner-operator. Villa Maria represents its third community in Connecticut and is also strategically located within its current Connecticut footprint. The price was not disclosed. Dave Balow of SLIB handled the transaction.

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BRISTOL, Conn. — Senior Living Development LLC has arranged $16 million in construction financing for KindCare at Bristol, a middle-market, 117-bed assisted living and memory care community. Situated on a one-acre parcel in downtown Bristol, the community is the first of a rollout for KindCare Assisted Living, specializing in bringing assisted living and memory care to the middle class. This urban model utilizes a smaller footprint for the 60,000-square-foot community to drive down costs without sacrificing any amenities, services or quality. Rates average 20 percent less than luxury assisted living, …

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