Greensboro, N.C. — Berkadia has arranged a $71.3 million loan for the refinancing of Abbotswood at Irving Park, a senior living community located in Greensboro. KISCO Senior Living was the borrower. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing through Freddie Mac. Located at 3504 Flint St., Abbotswood at Irving Park offers cottages and independent living and assisted living units, as well as memory care suites.
SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …
RALEIGH, N.C. — PruittHealth has broken ground on its $385.5 million redevelopment project at The Oaks at Whitaker Glen, a continuing care retirement community in Raleigh. The project will combine upscale senior living, public-facing retail stores and healthcare on one campus. Upon completion, the community will feature 246 independent living units, ranging from studio size to three bedrooms; 82 assisted living apartments; and a new, 106-bed, state-of-the-art skilled nursing center. The campus spans 20 acres. The Oaks at Whitaker Glen is accepting preconstruction reservations now. A construction timeline was not …
CHAPEL HILL, N.C. — Ziegler has arranged $76.2 million in bond financing for Carolina Meadows, a continuing care retirement community (CCRC) in Chapel Hill, part of the Raleigh-Durham metro area. Carolina Meadows was formed in 1983 to develop, own and manage the community. The property features 476 independent living units, 78 assisted living units (95 beds in operation) and 78 skilled nursing units (86 beds in operation). This ranks Carolina Meadows as the 20th largest nonprofit, single-site CCRC in the country, according to the 2023 LeadingAge-Ziegler 200. Carolina Meadows plans to …
PINEHURST, N.C. — Liberty Senior Living has completed renovations at Quail Haven Village in Pinehurst, approximately midway between Charlotte and Raleigh. Quail Haven Village features 79 units of independent living, 12 units of assisted living and 60 beds of skilled nursing and rehabilitation, in addition to offering home care services on its campus. Renovations included improvements to the dining room, clubhouse and apartments.
CHARLOTTE, N.C. — SRI Management has expanded into North Carolina with the management transition of Trevi Vibrant Senior Living, an independent living community in Northeast Charlotte. Located between I-485 and the Charlotte Motor Speedway, Trevi Vibrant Senior Living is close to Concord Mills, offering abundant shopping, entertainment, hospitality and medical options. Trevi Vibrant Senior Living is part of the 45-acre Trevi Village mixed-use development.
RALEIGH, N.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 143-unit independent living community in Raleigh. Opened in 2019, the community features a variety of unit types catering to a range of price points. While performance lagged in the wake of COVID, the community experienced positive momentum throughout 2023 and early 2024 and was trending toward stabilization at the time of marketing, according to Blueprint. The seller was a national developer/investor. Focus Healthcare Partners and Solera Senior Living acquired the asset for an undisclosed price. Alex …
RALEIGH, N.C. — Waltonwood Senior Living has released plans for Waltonwood Lead Mine, an assisted living and memory care community set to open in Raleigh in fall 2025. The community will feature 95 units, including 65 for assisted living and 30 for memory care. The site is near Crabtree Valley Mall and the North Hills area, which Waltonwood selected to provide convenient access to local amenities and services. Partners on the project include Cline Design Architects, Lighthouse Engineering, Hauser Creech Structural Engineers, Singh Development and Choate Construction.
RALEIGH, N.C. — Solera Senior Living, a Denver-based operator, developer and investor of senior living communities across the U.S., has been named the operator of The Willows at Raleigh, an independent living community in Raleigh. Focus Healthcare Properties recently acquired the property. The Willows offers 143 independent living residences. It is located in a residential area with easy access to big-city amenities. Residents are near shopping and dining, as well as major attractions in the capital city: North Carolina State University, the NC State Fairgrounds, Millbrook, Wake Forest and Falls …
NORTH CAROLINA — Capital Funding Group (CFG) has provided a $36.2 million bridge-to-HUD loan to support the refinancing of five skilled nursing facilities in North Carolina. The properties feature a total of 522 beds. Through this deal, CFG refinanced an existing loan to include two additional underleveraged facilities. Tommy Dillon of CFG originated the transaction. Further details were not disclosed.
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