LINCOLN, Neb. — Evans Senior Investments (ESI) has arranged the sale of Holmes Lake Rehabilitation & Care Center, a skilled nursing facility in Lincoln. The transaction was executed on behalf of an independent owner-operator that was ready to transition out of the industry. A regional owner-operator acquired the asset for an undisclosed price. Holmes Lake Rehabilitation & Care Center was built in 1974. Located on a seven-acre property, the facility features 97 skilled nursing beds spread across 51 rooms. When ESI began the marketing of Holmes Lake, the occupancy rate …
FORT WORTH, Texas — Sagora Senior Living, a Fort Worth-based operator, has taken over management of 17 senior living communities across Alabama, Florida, Nebraska, Oklahoma and Texas. Sagora expands its footprint in Vero Beach, Florida with the addition of two new communities: Heron Cove Assisted Living and Memory Care and Heron Point Independent Living. Both communities are located less than 10 miles from The Brennity of Vero Beach, another Sagora community. Sagora also recently opened Lynridge of Huntsville Assisted Living and Memory Care, expanding the operator’s Lynridge brand to a …
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 …
OMAHA, Neb. — Green Courte Partners LLC, a private equity firm currently investing through its Green Courte Real Estate Partners V investment fund, has acquired Bloomfield, a 95-unit active adult community in Omaha. True Connection Communities, the buyer’s wholly owned operating platform, will manage the community. The company’s operating portfolio now features 18 communities totaling approximately 2,700 units. “The community’s occupancy proved resilient through the pandemic, which is a testament to its unique product offering, compelling value proposition and desirable location,” says Matt Pyzyk, managing director of acquisitions. “We have …
OMAHA, Neb. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a Class A, 110-unit assisted living and memory care community in Omaha. A Midwest-based developer that works in multiple asset classes sold the asset to Cedarhurst Senior Living for an undisclosed price. Blueprint Capital Markets assisted in arranging acquisition financing through a regional bank. The community was over 95 percent occupied at the time of sale.
LINCOLN and ASHLAND, Neb. — Walker & Dunlop has provided HUD refinancings for Fallbrook Assisted Living and Memory Care in Lincoln and Oxbow Living Center in Ashland. Walker & Dunlop’s Kevin Giusti and Mikko Erkamaa led the teams in both deals on behalf of MJ Senior Housing. Both transactions refinanced floating-rate debt and provided cash proceeds. Fallbrook Assisted Living and Memory Care received a $13.3 million loan. The property is a 71-unit assisted living and memory care facility. It was built in 2018 and opened in 2019. Oxbow Living Center …
LINCOLN, Neb. — Real estate investment firm Lloyd Jones has acquired Woodlands at Hillcrest, an 89-unit, 107-bed seniors housing community in Lincoln. The seller and price were not disclosed. Built in 2018, the community is located within 10 miles of four hospitals, six shopping centers, two malls and the Lincoln Airport. Lloyd Jones Senior Living, the firm’s senior housing management division, will operate the community under its new name, AVIVA Woodlands. AVIVA is Lloyd Jones’ collection of senior living assets consisting of new, ground-up developments and recently constructed communities. While …
DES MOINES, Iowa, and LINCOLN, Neb. — Immanuel Communities has acquired two Lifespace retirement communities: Deerfield in Des Moines and Grand Lodge at the Preserve in Lincoln. Immanuel Communities and Lifespace Communities are both nonprofit senior living organizations. The acquisition of these communities extends Immanuel’s Midwest commitment to Iowa and Nebraska while allowing Lifespace an opportunity to continue focusing on geographic regions where it currently has multiple communities. Deerfield and Grand Lodge at the Preserve join Immanuel’s existing Signature Communities (Lakeside, Lakeside Lofts and Pacific Springs in Omaha and The …
KEARNEY, Neb. — Ziegler, in partnership with M&T Realty Capital Corp., served as financial advisor in a $4.4 million Fannie Mae refinancing on behalf of Essex Communities. The loan will finance the existing debt on The Regency, an independent living community in Kearney, located along the Platte river in the southern portion of the state. The 10-year, fixed-rate loan was structured at a 75 percent loan-to-value ratio with two years of interest only payments, followed by 30 years of amortization. The loan also carries a declining prepayment schedule. The deal …
Ziegler Arranges $48M Development Financing for Tabitha at Prairie Commons in Grand Island, Nebraska
GRAND ISLAND, Neb. — Ziegler has arranged $48 million in financing for Tabitha Grand Island for the construction of Tabitha at Prairie Commons in Grand Island. The financing comprises $34 million in bonds placed with Pinnacle Bank, a $12 million subordinate loan placed with Mission Investment Fund of the Evangelical Lutheran Church in America, and a $2 million tax incremental financing loan provided by Pinnacle Bank. The borrower is a Nebraska nonprofit established in 2019 for the purpose of constructing and operating Tabitha at Prairie Commons, which will feature 81 …
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