Tuesday, August 26, 2025
Read the Magazine Subscribe

News

AcquisitionsAssisted LivingNewsTennessee

SLIB Brokers $10M Sale of The Waterford in Smyrna in Tennessee

by Jeff Shaw

SMYRNA, Tenn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Waterford in Smyrna. Located 25 miles southeast of Nashville, the facility features 68 units of assisted living and 24 units of memory care. Built in 2009, there is room for expansion on the 5.3-acre site. The property was 57 percent occupied at the start of the marketing. The seller is a local ownership group that developed and operated the property. The buyer is a Nashville-based owner-operator. The price was $10 million, or $108,695 per unit. Patrick …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCompany NewsNews

CBRE Acquires Appraisal Company Valuation & Information Group

by Jeff Shaw

CULVER CITY, Calif. — CBRE has acquired Valuation & Information Group (VIG), a Culver City-based provider of appraisal and market feasibility services for seniors housing and healthcare real estate throughout the United States. VIG provides valuation services for a wide variety of property types in the seniors housing and healthcare sectors, including independent living, assisted living, skilled nursing, medical office buildings, surgery centers, specialty hospitals and acute-care hospitals. In addition, the firm provides valuation services for HUD and conventional multifamily financing. VIG’s 23 employees will integrate with CBRE’s seniors housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsSkilled NursingVermont

CFG Provides $13.4M HUD Refinancing for Skilled Nursing Facility in Vermont

by Jeff Shaw

VERMONT — Capital Funding Group (CFG) has provided $13.4 million in financing for a 144-bed skilled nursing facility in Vermont. CFG worked to replace the bridge-to-HUD loan, which it also provided, into HUD financing. The name, location and borrower were not disclosed. Tim Eberhardt and Ava Julio originated the transaction for CFG.

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingCaliforniaNewsOperations

JCH Arranges Operational Transition of Assisted Living Facility in Alhambra, California

by Jeff Shaw

ALHAMBRA, Calif. — JCH Senior Housing Investment Brokerage has arranged the lease negotiation of a prominent assisted living facility in Alhambra, just east of Los Angeles. The facility, previously operated by a national operator, will now be under the management of a regional operator that specializes in low-income residents.

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople

Ascension Living Names Christopher Caserta as CEO

by Jeff Shaw

ST. LOUIS — Ascension Living has named Christopher Caserta as its new chief executive officer. He will provide strategic and operational leadership over Ascension’s diversified seniors housing services, including independent living, assisted living, memory care, skilled nursing and short-term rehabilitation for the St. Louis-based company. Caserta is an industry veteran with over 20 years of experience in regional and national health systems and post-acute care organizations. Previously, he served as the vice president of strategy and marketing in the continuing care division at Trinity Health. He led the division’s national …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNew JerseyNews

Pennrose Opens $20M Village at Harmony Garden in Glassboro, New Jersey

by Jeff Shaw

GLASSBORO, N.J. — Pennrose, The Housing Authority of the Borough of Glassboro (GHA), Gloucester County and other project partners have opened Village at Harmony Garden, an affordable seniors housing community in Glassboro, 20 miles south of Philadelphia. The $20M redevelopment transformed the 10-acre site that was the Ellis Manor public housing complex into 64 affordable apartments with supportive services for residents age 55 and older, as well as individuals with disabilities, and one resident superintendent unit. Village at Harmony Garden includes a mix of one- and two-bedroom apartments in one-story, …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsOhio

LTC Buys 242-Unit Campus in Ohio for $45M

by Jeff Shaw

OHIO — LTC Properties Inc. (NYSE: LTC) has made a $45 million joint venture investment for the purchase of an independent living, assisted living and memory care campus in Ohio. The campus was built between 2019 and 2022, includes a total of 242 units, and is now operated by current LTC partner, Encore Senior Living. Additionally, the transaction includes a $2.1 million lease incentive. The lease term is 10 years at an initial yield of 8.25 percent, and includes a purchase option for the seller during the third and fourth …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsIndianaNews

ESI Brokers $29M Sale of Three-Property Portfolio in Indiana

by Jeff Shaw

MARION, Ind. — Evans Senior Investments (ESI) represented a local nonprofit owner’s exit from the long-term care industry. Encompassing three assets total, the senior living and skilled nursing portfolio sold for $29 million, or $97,000 per bed/unit. Built in 1982 and 1995, the portfolio was being leased to an Indiana-based regional operator, which had approximately 10 years remaining on its current triple-net lease. That operator was the buyer, exercising its right of first refusal to purchase the properties from the Marion-based seller. The operator plans to make extensive renovations to …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTexas

Blueprint Arranges Sale of Community in Dallas for Behavioral Health Conversion

by Jeff Shaw

DALLAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of an assisted living and memory care community in Dallas. The property was built in 1996 and renovated in 2020. The buyer plans to convert the property into a behavioral health facility. The seller and price were not disclosed. Additionally, Blueprint helped introduce and secure a real estate capital partner for the behavioral healthcare operator. The two parties entered into a long-term, triple-net lease on the asset and the capital partner will provide renovation capital for the operator.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNews

SLIB Negotiates Sale of 93-Unit Portfolio in Pacific Northwest

by Jeff Shaw

CHICAGO — Senior Living Investment Brokerage (SLIB), a Chicago-based firm, has arranged the sale of three communities in the Pacific Northwest. The facilities offer a combined 93 units and 105 beds, and were built between 1991 and 1995. The buyer is a private owner-operator group out of Texas. The seller, price, names and locations were not disclosed. Jason Punzel, Brad Goodsell, Vince Viverito and Matt Alley of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts