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AcquisitionsArizonaAssisted LivingIllinoisMemory CareMissouriNewsTennessee

Inland Acquires 635-Unit Senior Living Portfolio

by Hayden Spiess

OAK BROOK, Ill. — An affiliate of Inland Real Estate Acquisitions has acquired a 635-unit senior living portfolio. The portfolio comprises three newly constructed Clarendale communities — Clarendale of Chandler in Chandler, Arizona; Clarendale of St. Peters in St. Peters, Missouri; and Clarendale at Indian Lake in Hendersonville, Tennessee.  Amenities at the properties, which feature independent living, assisted living and memory care residences, include swimming pools, wellness centers, full-service salons, entertainment, dining and access to outpatient services and 24-hour security.  The portfolio’s average occupancy was 92 percent at the time of …

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AcquisitionsAssisted LivingMemory CareNewsOhio

Sonida Acquires Seniors Housing Community in Cincinnati for $16.3M 

by Hayden Spiess

CINCINNATI — Sonida Senior Living has acquired a seniors housing community in Cincinnati for $16.3 million. Development of the property was completed in 2021, however the community did not open, due to construction finance foreclosure.  Totaling 82 units, the community will offer 50 assisted living and 32 memory care residences. The property is situated adjacent to Sonida’s existing Wellington at North Bend Crossing community, which features 121 senior living units. Together, the properties will comprise a 203-unit, two-community campus offering a continuum of care.  Sonida funded the acquisition with $18.3 million …

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Assisted LivingFinanceFloridaIndependent LivingNews

BWE Secures $76M Refinancing for Senior Living Community in Naples, Florida

by Hayden Spiess

NAPLES, Fla. — BWE has secured a $76 million loan for the refinancing of The Carlisle Naples, a senior living community located in Naples. A joint venture between Harbert Management Co. (HMC) and Senior Resource Group (SRG) was the borrower.  Totaling 350 residences, the property features 257 independent living units and 93 assisted living units. SRG operates the community.  Ryan Stoll and Taylor Mokris of BWE arranged the non-recourse bridge financing — which features a five-year term, floating rate and full-term interest-only payments — on behalf of the borrower. 

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsWashington

SLIB Arranges Sale of 131-Unit Seniors Housing Community in Spokane, Washington

by Hayden Spiess

SPOKANE, Wash. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Moran Vista Senior Living, a 131-unit seniors housing community located in Spokane.  Originally built in 1997 and renovated and expanded in 2008, the property features independent living, assisted living and memory care residences.  A regional owner-operator acquired the community from a Pacific Northwest-based seller. The buyer’s portfolio comprises roughly 20 properties throughout Washington and Arizona.  Jason Punzel of SLIB brokered the transaction. 

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NewsPeopleWashington, D.C

ASHA to Induct Rev. Laverne Joseph, Beth Burnham Mace to Hall of Fame 

by Hayden Spiess

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has announced its 2025 Senior Living Hall of Fame inductees. Rev. Laverne Joseph and Beth Burnham Mace will be inducted this month at ASHA’s annual meeting Jan. 27-29 in Phoenix, joining a roster of 27 previous honorees.  The individuals were selected by the Senior Living Hall of Fame selection committee, which is chaired by Larry Cohen of Trustwell Living. Other members include Lois Bowers (McKnight’s Senior Living), Steve Monroe (The SeniorCare Investor), Tim Regan (Senior Housing News) and Matt Valley (Seniors Housing Business).  …

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AcquisitionsIllinoisIndependent LivingMemory CareNewsSkilled Nursing

Continuum Brokers $42M Sale of Senior Living Community in Metro Chicago

by Hayden Spiess

BARTLETT, Ill. — Continuum Advisors has brokered the $42 million sale of The Oaks at Bartlett, a senior living community located in Bartlett, roughly 35 miles northwest of downtown Chicago.  Built in 2007, the property totals 283 units, with 10 cottages, 154 independent living apartments, 16 memory care units and 54 skilled nursing units.  Michael Flanagan of Flanagan & Associates served as the receiver for the property, which recently defaulted on its bond obligations. Certus Living has operated the community since the default.  David Kliewer and Jay Jordan of Continuum arranged …

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AcquisitionsIllinoisMarylandMassachusettsNewsPennsylvania

Harrison Street Sells 1,186-Unit Seniors Housing Portfolio to Morgan Stanley 

by Hayden Spiess

CHICAGO — Investment management firm Harrison Street has sold a 1,186-unit seniors housing portfolio to Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley Investment Management.  Originally acquired by Harrison Street in a joint venture partnership with Brightview Senior Living in 2014, the portfolio comprises eight communities located in the Baltimore, Philadelphia and Boston-Providence metros.  Jay Wagner, Rick Swartz, Aaron Rosenzweig, Tim Hosmer and Sean Kirk of JLL National Seniors Housing Capital Markets brokered the sale on behalf of Harrison Street. Allison Holland and Alex …

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsRhode Island

LRT to Develop $65M Seniors Housing Campus in Providence, Rhode Island

by Hayden Spiess

PROVIDENCE, R.I. — LRT Co. has acquired 12.4 acres of land in Providence, with plans to develop a $65 million seniors housing campus at the site. The developer plans to break ground on the community, dubbed Tiffany Laurel Reserve, in summer 2025.  Upon completion, the property will total 157,000 square feet and feature 127 independent living residences and 77 assisted living and memory care units. Roughly 25 percent of the units will be reserved for low-income residents. The development will also feature 56 garage parking spaces.  LRT Co., which specializes in …

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FinanceNew YorkNewsSkilled Nursing

MonticelloAM Provides $400M Financing for 2,900-Bed Skilled Nursing Portfolio in Kentucky, Tennessee

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided a $400 million bridge loan for the financing of a skilled nursing portfolio located in Kentucky and Tennessee. Huntington National Bank served as joint lead arranger in the financing. The portfolio totals 2,900 beds across 29 facilities.  The borrower was not disclosed. 

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