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AcquisitionsAlabamaNewsTennessee

Atlas Senior Living, Salta Capital Acquire Two Properties in Alabama, Tennessee

by Jeff Shaw

ATHENS, Ala., and SPRING HILL, Tenn. — Birmingham-based Atlas Senior Living and Salta Capital are adding two new senior living communities in Alabama and Tennessee to their portfolios, bringing their total number of properties to 32. Atlas will be the owner-operator of the communities. The Goldton at Athens totals 75,824 square feet and 84 units total, comprising 12 independent living residences and 72 assisted living residences. The Goldton at Spring Hill totals 66,395 square feet and 79 units total, with 63 assisted living residences and 16 memory care residences. The …

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AcquisitionsConnecticutNews

Senior Living Residences Acquires Former Atria Community in Ridgefield, Connecticut

by Jeff Shaw

RIDGEFIELD, Conn. — New England-based Senior Living Residences (SLR) has acquired a former Atria Senior Living Community in Ridgefield, located along the New York State border approximately 50 miles northeast of Manhattan. SLR is rebranding the community, which opened in 2020, as Ridgefield Station Senior Living. The number of units and type of care were not disclosed. “While it has only been a short time since SLR took on management of the community, we have already made some integral changes,” says Tadd Clelland, SLR’s president and CEO. “We have significantly …

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CCRCNewsPeople

Lifespace Communities Appoints Three Executives to Board of Directors

by Jeff Shaw

WEST DES MOINES, Iowa — Lifespace Communities, a nonprofit operator based in West Des Moines, has appointed three veteran business leaders to its board of directors. The company added David S. Williams III, co-founder and CEO of Care3 Inc.; Gary Blackford, chairman of Avanos Medical Inc.; and Jonathan Sokeye, chief financial officer of Carolina Complete Health Inc. Celebrating its 45th anniversary this year across 14 continuing care retirement communities in seven states, Lifespace will leverage the three board members’ expertise in healthcare, corporate finance, data and operations as the organization …

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FinanceNewsOregon

CBRE Arranges Refinancing for 216-Unit The Springs at Lake Oswego in Oregon

by Jeff Shaw

LAKE OSWEGO, Ore. — CBRE National Senior Housing has arranged a refinancing for The Springs at Lake Oswego, a 216-unit independent living, assisted living and memory care community in Lake Oswego. The borrower is a joint venture between Harrison Street and The Springs Living. Aron Will, Austin Sacco and Tim Root arranged the non-recourse, four-year, floating-rate loan with three years of interest-only payments through a national bank CBRE previously arranged construction financing for the community in 2017. The amount was not disclosed. The community opened in 2019 in a highly …

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CaliforniaConnecticutFinanceMarylandNewsSkilled NursingWashington

Berkadia Originates $47M Financing for Five Skilled Nursing Facilities

by Jeff Shaw

CHARLESTON, S.C. — Berkadia Seniors Housing & Healthcare has arranged $47 million in financing for five skilled nursing facilities across the country. Jay Healy secured the financing on behalf of multiple borrowers. In the first loan, Berkadia arranged the HUD refinancing of a 40-bed, Medicare-only skilled nursing facility in Sacramento. The $14.5 million, 48 percent loan-to-value financing retired the construction debt and covered transaction costs for the California-based client. The facility was constructed in June 2018, but did not receive its Medicare certification until August 2019. Occupancy at the time …

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NewsOperations

Transforming Age Names Jeff Slichta as Executive Vice President of Housing, Hospitality

by Jeff Shaw

BELLEVUE, Wash. — Transforming Age, a nonprofit operator based in Bellevue, has hired Jeff Slichta as executive vice president of housing and hospitality. Slichta brings more than 25 years of senior living leadership experience and joins Transforming Age after 10 years with Sunrise Senior Living where he held the role of senior vice president of housing for the West Division. He was responsible for 150 senior living communities, 15,000 residents and 13,000 team members. Slichta joins Transforming Age at an time of growth in the organization’s 64-year history. Last week …

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Affordable HousingDevelopmentIndianaNews

Evergreen Plans 120-Unit Green Oaks of Valparaiso Affordable Community in Indiana

by Jeff Shaw

VALPARAISO, Ind. — Evergreen Real Estate Group has secured financing for Green Oaks of Valparaiso, a three-story, 120-unit assisted living community for low-income seniors in Valparaiso, approximately 45 miles southeast of Chicago. Development costs are estimated at $30 million. Evergreen Construction Co., a division of Evergreen Real Estate Group, will serve as general contractor on the development and plans to begin preliminary site work this month. Construction is scheduled for completion in early 2023. The project will offer 48 studio and 72 one-bedroom apartments, all of which will be reserved …

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AcquisitionsArizonaFinanceNews

Cushman & Wakefield Arranges Acquisition, Recapitalization of Acoya Mesa in Arizona

by Jeff Shaw

MESA, Ariz. — Cushman & Wakefield, as exclusive advisor to EverWest Real Estate Investors, Ryan Cos. US Inc. and Cadence Living, has arranged the acquisition and recapitalization of Acoya Mesa, a Class A seniors housing community in the Mesa suburb of Phoenix. The property was purchased for $46.3 million by a global real estate investment manager that will retain Ryan and Cadence Living to continue operating the community. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Jack Griffin represented the seller and procured the buyer. The …

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AcquisitionsAssisted LivingLouisianaNewsVirginia

Quality Senior Living Partners Sells Two Communities in Louisiana, Virginia

by Jeff Shaw

HARAHAN, La., and CHARLOTTESVILLE, Va. — Quality Senior Living Partners (QSLP), a LongueVue Capital portfolio company, has sold two senior living communities: The Blake at Colonial Club in Harahan and The Blake at Charlottesville in Charlottesville. Each community features 118 units of assisted living and memory care. The buyer and price were not disclosed. In 2017, LongueVue partnered with the team of senior living industry executives at QSLP, a Pensacola, Fla.-based developer, owner and operator of upscale senior housing communities, to expand its resort-style communities to underserved markets.

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Negotiates Sale of Five Skilled Nursing Facilities in Ohio

by Jeff Shaw

OHIO — Blueprint Healthcare Real Estate Advisors has arranged the sale of five skilled nursing facilities, four in Northwest Ohio and the remaining property southeast of Columbus. The five facilities were originally built throughout the 1980s and 1990s and had recently struggled with occupancy across the portfolio. Acquired as part of a larger portfolio transaction in 2017, the private equity owner and its operating partner decided to pursue a strategic exit. An Ohio-based regional owner-operator purchased the assets for an undisclosed price.

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