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AcquisitionsAssisted LivingNewsVirginia

CBRE Negotiates Sale of HarborChase of Prince William Commons in Woodbridge, Virginia

by Jeff Shaw

WOODBRIDGE, Va. — CBRE National Senior Housing’s investment properties team has arranged the sale of HarborChase of Prince William Commons, a Class A seniors housing community in Woodbridge, a suburb of Washington D.C. Built in 2018, HarborChase of Prince William Commons is a three-story building with 127 units of assisted living, transitional memory care and memory care units. John Sweeny, Aron Will, Garrett Sacco and Scott Bray represented the sellers, Silverstone Senior Living and Lionstone Investments. Although the price was not disclosed, CBRE National Senior Housing’s debt and structured finance …

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AcquisitionsMissouriNewsSkilled Nursing

Blueprint Brokers Sale of 90-Bed Jackson Manor Nursing Home in Jackson, Missouri

by Jeff Shaw

JACKSON, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Jackson Manor Nursing Home, a 90-bed skilled nursing and long-term care facility in Jackson, approximately 110 miles south of St. Louis. A public REIT sold the asset to a local owner-operator for an undisclosed price. The facility was originally constructed in 1979 and features all private rooms. With limited local competition, Jackson Manor maintained consistent census and quality mix levels through local and regional referral sources around nearby Cape Girardeau.

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NewsPeople

Health Dimensions Group Names John Capasso as Executive Advisor of Senior Care

by Jeff Shaw

MINNEAPOLIS — Health Dimensions Group, a Minneapolis-based senior living, post-acute and long-term care management and consulting firm, has named John Capasso as executive advisor of senior care. Most recently, Capasso served as executive vice president and president of the continuing care division for Trinity Health, a $20 billion, nonprofit, Catholic health system with 120,000 employees across 88 hospitals and 131 continuing care locations in 25 states. Previously he served as senior vice president of continuing care for Catholic Health East, with 34 hospitals and 9,000 employees. In his role at …

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CCRCDevelopmentFinanceMinnesotaNews

Ziegler Closes $47M Financing for Construction of Saint Therese Community in Corcoran, Minnesota

by Jeff Shaw

CORCORAN, Minn. — Specialty investment bank Ziegler has closed on $47 million in financing for Saint Therese of Corcoran LLC, and its sponsor, Saint Therese, for the construction of a new senior living community in Corcoran, about 30 miles northwest of Minneapolis. The financing is comprised of $18.2 million of Series 2022AB and $28.8 million of Series 2023 Senior Living Revenue Notes placed with Bremer Bank. Proceeds of the notes, along with other available funds, will be used to finance the construction of Saint Therese of Corcoran, fund interest on …

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AcquisitionsNewsSkilled NursingTexas

SLIB Negotiates Sale of 132-Bed Homestead of Sherman in Texas

by Jeff Shaw

SHERMAN, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Homestead of Sherman, a 132-bed skilled nursing facility in Sherman, approximately 65 miles north of Dallas. The community totals approximately 39,211 square feet on a five-acre plot. A private partnership out of Dallas sold the community to an owner-operator from Fort Worth with 20 existing properties in the state. The price was not disclosed. Matthew Alley and Ryan Saul of SLIB handled the transaction.

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Assisted LivingDevelopmentFinanceFloridaNews

Live Oak, Renasant Provide Construction Loan for 158-Unit Community in Naples, Florida

by Jeff Shaw

NAPLES, Fla. — Live Oak Bank and Renasant Bank have provided an undisclosed amount of financing for construction of a 158-unit assisted living and memory care community in Naples. The borrower is a joint venture between investment management firm Heitman and NexCore Group. Experience Senior Living, NexCore’s operating subsidiary, will manage the property.

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AcquisitionsActive AdultNewsOhio

Blueprint Brokers Sale of Active Adult Community in Dayton, Ohio

by Jeff Shaw

DAYTON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of a portfolio of properties in Dayton. The assets included a 40-unit active adult campus, a 12,000-square-foot office builing and a 5.7 acre land parcel. The seller elected to divest the three assets to recycle capital and strategically downsize its portfolio to focus on core business. The buyer was a private equity investor and operator looking to expand through aggressive acquisition.

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NewsPeopleTechnology

Uniguest Promotes Matt Goche to CEO

by Jeff Shaw

NASHVILLE, Tenn. — Uniguest, a Nashville-based digital engagement technology for multiple industries including seniors housing, has promoted Matt Goche to chief executive officer from his role as chief operating officer, taking over responsibility from Jeff Hiscox following a six-year tenure. Hiscox will move into the chairman role on Uniguest’s board of directors and act as a strategic advisor to the Uniguest executive team, while Goche steps up to take responsibility for the day-to-day operations of the company and driving revenue growth. Supporting Goche in his new role, Mike Rethage joins …

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AcquisitionsCCRCFloridaNews

Grandbridge Negotiates $81M Bankruptcy Sale of The Arlington at Naples in Florida

by Jeff Shaw

NAPLES, Fla. — Grandbridge Real Estate Capital’s seniors housing investment sales team has arranged the $81 million sale of The Arlington at Naples. The 298-unit continuing care retirement community is located on 39 acres in the Lely Resort master-planned community in Naples. It opened in 2015. The community offers 47 independent living estate homes, 128 independent living apartments, 42 assisted living units, 37 memory care units and 44 skilled nursing units. Prior to the sale, The Arlington was operating under a forbearance agreement. The Grandbridge team, led by Dave Kliewer …

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Assisted LivingInvestmentNewsNorth Carolina

LTC Invests $128M in 12 Communities in North Carolina

by Jeff Shaw

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based real estate investment trust that primarily invests in seniors housing and healthcare properties, has made a $128 million investment in 12 assisted living/memory care properties totaling 937 beds and 568 units across North Carolina. An existing LTC partner operates all the communities. The majority of LTC’s $128 million investment is structured as a joint venture and a minor portion is structured as a senior mortgage loan secured by one property. The investment was funded from approximately $99 million …

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