News

SLIB Arranges Sale of 108-Bed Haven Care in Longview, Texas

by Jeff Shaw July 9, 2024

LONGVIEW, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Haven Care, a 108-bed skilled nursing facility in the East Texas city of Longview. The property totals 24,653 square feet on three acres of land. The seller was a Texas-based partnership looking to divest of its only seniors housing community. The buyer was an owner-operator with several other facilities in the state, including in the Longview market. The price was not disclosed. Matthew Alley of SLIB handled the transaction.

July 9, 2024

Acquisitions Georgia News Skilled Nursing

Blueprint Brokers Sale of 100-Bed Archway Transitional Care in Macon, Georgia

by Jeff Shaw July 9, 2024

MACON, Ga. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Archway Transitional Care, a 100-bed skilled nursing facility in Macon. The seller was Selectis Health (OTCPK: GBCS), a Colorado-based corporation and owner-operator of senior care facilities across multiple states. The buyer was the existing operator, Ethica Health & Retirement, a subsidiary of Community Health Systems of Georgia (CHSGa), the largest non-profit provider in the state. The price was not disclosed. Michael Segal and Daniel Waldhorn led the Blueprint team.

July 9, 2024

Acquisitions Florida News

Continuum Advisors Negotiates Sale of 387-Unit Amavida in Fort Myers, Florida

by Jeff Shaw July 8, 2024

FORT MYERS, Fla. — Continuum Advisors has arranged the sale of Amavida, a newly built, 387-unit, Class A senior living community in Fort Myers. Opened in December 2018, Amavida offers independent living, assisted living and memory care on a 30-acre site. The 570,000-square-foot campus comprises 28 cottages, 223 independent living apartments, 101 assisted living apartments and 35 memory care apartments, plus a 9,000-square-foot clubhouse. The sale includes eight acres of fully entitled land ready for a Phase II expansion of approximately 130 additional independent living units. Continuum served as the …

July 8, 2024

Development News North Carolina

Liberty Senior Living Completes Renovations at Quail Haven Village in Pinehurst, North Carolina

by Jeff Shaw July 8, 2024

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.

July 8, 2024

Acquisitions Development News South Carolina

Marcus & Millichap Brokers Sale of Office Building in Charleston for Senior Care Conversion

by Jeff Shaw July 8, 2024

CHARLESTON, S.C. — Marcus & Millichap has arranged the sale of 7445 Cross County Road, a 6,787-square-foot office property located in Charleston. “The new tenant, Elite Home Care and Day Center, is a reputable provider of adult day care services and is rapidly expanding,” says Ani Paulson, vice president investments. “Having started in the Greenville-Spartanburg area, they now have locations in Columbia, Georgetown and Myrtle Beach.” Paulson, investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, John Price, …

July 8, 2024

Acquisitions Independent Living News North Carolina Operations

SRI Management Takes Over Operations of Trevi Vibrant Senior Living in Charlotte

by Jeff Shaw July 8, 2024

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.

July 8, 2024

Affordable Housing Development Massachusetts News

Joint Venture Completes Conversion of Former Middle School to LGBTQ-Focused Affordable Community in Boston

by Jeff Shaw July 3, 2024

BOSTON — LGBTQ Senior Housing Inc., Pennrose, the City of Boston and other project partners have opened The Pryde, an LGBTQ-affirming affordable housing community for seniors in Boston’s Hyde Park neighborhood. The project transformed the historic Rogers Middle School site into a vibrant community of 74 mixed-income rental homes. The Pryde includes studio, one- and two-bedroom modern apartments available to households earning less than 30 percent to less than 100 percent of the area median income (AMI), or approximately $36,690 to $103,900 for a one-person household. Several apartments will be …

July 3, 2024

Acquisitions Independent Living News North Carolina

Blueprint Brokers Sale of 143-Unit Community in Raleigh, North Carolina

by Jeff Shaw July 3, 2024

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 …

July 3, 2024

Acquisitions Assisted Living Minnesota News

SLIB Negotiates Sale of 20-Unit Diamond Willow Assisted Living in Alexandria, Minnesota

by Jeff Shaw July 3, 2024

ALEXANDRIA, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Diamond Willow Assisted Living & Memory Care, a 20-unit community in Alexandria, approximately 130 miles northwest of Minneapolis. Built in 2006, the 15,483-square-foot community sits on nearly three acres of land. A private equity firm divesting of a geographic outlier sold the asset to a nonprofit looking to expand in Minnesota. The price was not disclosed. Jason Punzel, Vince Viverito, Brad Goodsell and Jake Anderson led the transaction for SLIB.

July 3, 2024

Features News

InterFace Panel: CEOs Share Strategic Insights into Today’s Competitive Market

by Jeff Shaw July 2, 2024

CHICAGO — Senior living CEOs today face a rapidly evolving business landscape. New regulations, technology and innovation, the drive for efficiency, capital partnerships and the ground-up development dilemma are among the key issues that top leaders confront on a day-to-day basis. A group of CEOs gathered to discuss their leading-edge strategies at the Interface Seniors Housing Midwest Conference, held June 26 at the Swissotel in Chicago. The executives participated in a session titled “The Power Panel: CEOs Discuss the State of the Industry.” Maureen Longoria, CEO and co-founder at LivNow …

July 2, 2024

Newer Posts

Older Posts