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Iowa

Mallard Point Senior Living in Cedar Falls, Iowa
AcquisitionsArkansasIllinoisIowaMissouriNews

Arrow Takes Over Management of Eight Communities in Midwest, Southeast

by Jeff Shaw

ST. CHARLES, Mo. — Arrow Senior Living, a St. Charles-based owner-operator, has taken over management of eight seniors housing communities across Illinois, Iowa, Missouri and Arkansas. Closed in June, CedarStone Senior Living and PrairieStone Senior Living, both located in Cedar Falls, Iowa, were developed by Nelson Construction and Development. CedarStone consists of 120 apartments, including 88 assisted living apartments and 32 memory care apartments. PraireStone consists of 111 apartments, with 79 assisted living apartments and 32 apartments dedicated to memory care. Arrow also began operating six independent living communities, in …

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IowaMemory CareNewsOperations

Health Dimensions Group Takes Over Management of Country Manor Memory Care in Davenport, Iowa

by Jeff Shaw

DAVENPORT, Iowa — Health Dimensions Group (HDG) has taken over management of Country Manor Memory Care in Davenport. Country Manor Memory care is the Quad Cities’ only freestanding memory care community, according to HDG. The community features 38 licensed beds.  Further details were not disclosed.

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AcquisitionsAssisted LivingFinanceIowaNews

Jaybird Senior Living Receives $17.9M Acquisition Financing for Two Communities in Iowa

by Jeff Shaw

MASON CITY and INDIANOLA, Iowa — JLL Capital Markets has arranged acquisition financing for two assisted living and memory care communities in Iowa on behalf of affiliates of Jaybird Senior Living. The facilities, Vintage Hills in Indianola and Country Meadow Place in Mason City, total 118 units combined. Jaybird already managed both properties prior to the acquisition. JLL secured two loans totaling $17.9 million, or $151,436/unit, representing greater than 80 percent of the total purchase price. One loan was facilitated through a regional bank, while the other utilized the HUD/FHA …

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AcquisitionsAssisted LivingIowaNews

ESI Arranges $13M Sale of Country Meadow Place in Mason City, Iowa

by Jeff Shaw

MASON CITY, Iowa — Evans Senior Investments (ESI) has arranged the sale of Country Meadow Place, a 56-unit assisted living and memory care community in Mason City, approximately midway between Des Moines and Minneapolis. An independent owner seeking to exit the industry sold the property to its existing operator for $13 million, or $232,142 per unit. The community was originally built in 1985 as a 36-unit memory care community. In 2013, Country Meadow was acquired and five years later underwent a 20-unit assisted living expansion.  At the time of marketing, …

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AcquisitionsIowaNewsOperations

Highmark Senior Living Assumes Management of Edencrest Communities throughout Central Iowa

by Jeff Shaw

WEST DES MOINES, Iowa — Highmark Senior Living, a Hubbell Realty Co. affiliate, has taken over management of a portfolio of Edencrest senior living communities throughout Iowa. Edencrest communities offer studio, one-bedroom and two-bedroom units. Highmark Senior Living manages six communities with more than 290 residents and roughly 235 employees throughout Iowa. Edencrest communities include: Edencrest at Beaverdale, Edencrest at Green Meadows, Edencrest at The Legacy, Edencrest at Riverwoods, Edencrest at Siena Hills, Edencrest at Timberline, and Edencrest at Tuscany.

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AcquisitionsIndependent LivingIowaNewsSkilled Nursing

SLIB Negotiates Sale of Iowa Masonic in Metro Davenport

by Jeff Shaw

BETTENDORF, Iowa — Senior Living Investment Brokerage (SLIB) has arranged the sale of Iowa Masonic, a 79-bed skilled nursing facility and 40-unit independent living community in the Davenport suburb of Bettendorf. The seller was a local nonprofit that sought to sell in order to turn the business over to a company with experience that could ensure the long-term viability of the facility. The buyer was a private owner with additional communities in Iowa. The price was not disclosed. Ryan Saul and Nick Cacciabando of SLIB handled the transaction.

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AcquisitionsAssisted LivingIowaKansasNews

Blueprint Arranges Sale of Two Assisted Living Communities in the Midwest

by Jeff Shaw

IOWA and KANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities in Iowa and Kansas. Both communities were originally constructed in the mid- to late 90s, were purpose built for assisted living, and are located in markets with strong senior demographics, according to Blueprint. Blueprint marketed the opportunity as a component of two larger portfolios that totaled 23 seniors housing communities throughout the Southeast, Midwest and Mid-Atlantic. The buyer was a regional owner-operator. The seller, price, and names and locations of the communities …

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AcquisitionsAssisted LivingIowaKansasNebraskaNewsOperations

Tutera Takes Over Management of 10 Communities in Midwest

by Jeff Shaw

KANSAS, IOWA and NEBRASKA — Tutera Senior Living & Health Care has added 10 communities in Kansas, Iowa and Nebraska to its management portfolio. The new assets expand the company’s footprint by more than 20 percent and total 443 units of assisted living, memory care and residential care. Tutera is retaining all employees at the newly added communities to ensure continuity of care for residents.  The 10 communities are: IOWA  •          Anamosa – Pinicon Place Senior Living •          Carroll – Rolling Meadows Senior Living •          Clarinda – Eiler Place Senior Living •          Council Bluffs …

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AcquisitionsAssisted LivingIowaNews

SLIB Negotiates Sale of 40-Unit Vintage Park in Lenox, Iowa

by Jeff Shaw

LENOX, Iowa — Senior Living Investment Brokerage (SLIB) has arranged the sale of Vintage Park, a 40-unit assisted living and memory care community in Lenox, 25 miles north of the state border with Missouri. The community totals 3,000 square feet on four acres of land. The seller is a local owner and operator looking to exit the seniors housing sector. The buyer is a joint venture between an East Coast investor and a growing Midwest operator. The price was not disclosed. This property is the second acquisition in the state …

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