NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $195.7 million in financing for a skilled nursing portfolio located in Virginia and Indiana. The undisclosed borrower will use $184.7 million in bridge and mezzanine loans to refinance three skilled nursing facilities in Virginia and acquire four skilled nursing properties in Indiana. Together, the portfolio totals more than 900 beds. Additionally, the financing includes an $11 million working capital line of credit, which will support the day-to-day expenses of the facilities. “Skilled nursing operators who are expanding their portfolio need a …
FORT WAYNE, Ind. — Specialty investment bank Ziegler has announced the closing of the sale of The Village at Anthony Boulevard, a continuing care retirement community (CCRC) located in Fort Wayne. Ziegler served as the exclusive financial adviser to the seller, Lutheran Life Villages (LLV). Casa Consulting, a seniors housing operator, acquired the property for an undisclosed price. Ziegler began working with LLV in 2025 to assess the future of the CCRC, according to a release issued by the firm.
INDIANAPOLIS — Ziegler has closed bond financings for Maple Knoll Communities and Westminster Village North (WVN), two affiliates of Indianapolis-based BHI Senior Living. For Maple Knoll, the financing included roughly $23.5 million in Series 2026 Refunding Revenue Bonds. Proceeds from the bonds will be used to refund the nonprofits outstanding Series 2021B bank loans. Maple Knoll owns and operates two continuing care retirement communities (CCRCs) in southwest Ohio — Maple Knoll Village in Springdale and The Knolls of Oxford in Oxford. The communities total 395 independent living residences, 90 assisted living …
WEST LAFAYETTE, Ind. — Varcity has announced plans for the development of a new university retirement community (URC) at Purdue University in West Lafayette. Upon completion, Varcity at Purdue will feature 239 rental residences situated on a 13.5-acre property. Carter will co-develop the project. Developed in partnership with the university and the Purdue for Life Foundation, the community will open in summer 2028. Western States Lodging will manage the community once open. Reach Architects and Gensler designed the property. Founded in 2021, Varcity is a senior living company focused exclusively on …
INDIANAPOLIS — Gardant Management Solutions has acquired a community totaling roughly 100 units in Indianapolis. The campus features more than 80 assisted living apartments and more than 20 memory care units. Ryan Saul, Dan Geraghty and Bradley Clousing of Senior Living Investment Brokerage arranged the transaction on behalf of the seller.
CARMEL, Ind. — Avenue Development has announced plans for a new active adult project in Carmel, a suburb roughly 20 miles north of Indianapolis. Development costs are expected to total roughly $50 million. Upon completion, the community — Viva Bene Carmel — will total 170 units for residents age 55 and older. The community is being developed through a public-private partnership with the Carmel Redevelopment Commission (CRC) and is supported by the City of Carmel’s tax increment financing (TIF) district. Avenue Construction will serve as the general contractor. Viva Bene Carmel …
NOBLESVILLE, Ind. — Middle Street Partners has acquired Outlook Hamilton, an active adult community located in Noblesville, roughly 20 miles northeast of Indianapolis. Totaling 172 units, the property marks the second active adult acquisition for Middle Street this year. In July, Middle Street completed the purchase of Elate Royal Oaks, an active adult community located in Houston. “We’re excited about our recent acquisitions and the continued opportunities emerging in the Active Adult sector,” says Chris McGuffin, managing director of Middle Street. “Historically, the primary risk in this space was oversupply, but …
FORT WAYNE, Ind. — Priority Life Care (PLC) has appointed Bobby Petras to the role of president. Petras previously served as chief operating officer (COO) of the company. Dave Kloster, who has been with PLC for three years, will take over the role of COO. Petras, who is also a co-founder of Fort Wayne-based PLC, will now concentrate on strategic initiatives and operational practices that align with the company’s growth objectives. “I look forward to working closely with our capital partners and ensuring that we implement effective operational practices as we …
LOUISVILLE, Ky. — Trilogy Health Services has announced an investment plan to develop and expand senior living and assisted living services in Indiana, Kentucky, Michigan and Ohio. The investment aims to help address the growing demand for senior living accommodations and services. The plan includes expanding facilities across several states and developing a new campus. Trilogy will kick off its patio home expansions this summer in Sylvania, Ohio, with 26 new independent living patio homes for seniors at The Lakes of Sylvania. The expansion is projected to start in July …
PLYMOUTH and LOGANSPORT, Ind. — Evans Senior Investments (ESI) has arranged the sale of two skilled nursing communities that were family-owned and operated in Northern Indiana. Pilgrim Manor, located in Plymouth, was built in 1969, with a significant renovation in 2012. The facility offers 78 skilled nursing beds, including 40 private rooms. Despite experiencing financial challenges and a 73 percent occupancy rate at the time of sale, the facility maintained an four-star CMS rating. Chase Center, situated in Logansport, opened in 1978. The facility offers a total of 101 skilled …
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