WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care portfolio located in the state of Missouri. The portfolio comprises seven properties built between 2014 and 2020. An undisclosed real estate investment firm was the buyer. An East Coast-based operator will manage the properties on behalf of the buyer. Ryan Saul, Jeff Binder and Bradley Clousing of Illinois-based SLIB brokered the transaction.
BURLESON, Texas — Sagora Senior Living has acquired Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth. Situated on 25 acres, the property comprises four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which was opened in 2021, also features assisted living and memory care units. Amenities at the property include a theater room, billiards area and full-service salon. The seller and sales price were not disclosed.
SEATTLE — Nonprofit organization Horizon House has secured bond financing for a development project at its senior living campus in the First Hill neighborhood of Seattle. Ziegler arranged the financing, completing the successful pricing of Horizon House’s $600 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are scheduled to close in December. The existing senior living campus currently features 377 independent living apartments and 90 assisted living and memory care residences. The bonds will be used to fund a new, 33-story tower at the property, dubbed …
FRANKLIN PARK, Ill. — Evergreen Real Estate Group has topped off Leyden Senior Apartments, an 80-unit independent living development currently underway in Franklin Park, a western suburb of Chicago. Designed by Weese Langley Klein Architects, Leyden Senior Apartments will feature 72 one-bedroom and eight two-bedroom residences. Units will be reserved for seniors age 62 or older earning at or below 60 percent of the area median income. Pre-leasing is scheduled to begin in spring 2026, with delivery planned for that summer. F.H. Paschen is serving as the project’s general contractor. Amenities …
FILLMORE and SAN BERNADINO, Calif. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower. The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity. Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio.
WEST DEPTFORD, N.J. — WinnDevelopment and nonprofit Soldier On have broken ground on a new affordable housing development in West Deptford for senior veterans. This marks the fifth partnership between WinnDevelopment, the development arm of WinnCos., and Soldier On. Upon completion, the $29 million development will feature 84 apartments reserved for veterans age 55 and older. Dubbed the Gordon H. Mansfield Veterans and Seniors Village, the 84,720-square-foot property will have a mix of one- and two-bedroom units. Twenty-one apartments will be reserved for residents earning at or below 30 percent of …
BRENTWOOD, Tenn. — Brookdale Senior Living has appointed Mary Sue Patchett chief operating officer, following more than eight years without anyone officially filling the position. Tennessee-based Brookdale’s most recent COO, Labeed Diab, resigned from the company in 2017, after less than two years in the position. Patchett will assume her new role Dec. 1, bringing more than 40 years of experience in senior living operations. Previously, during a 25-year tenure with Brookdale that ended in 2021, Patchett served as executive vice president of strategic operations, executive vice president of community and …
MAPLE GROVE, Minn. — Grace Management Inc. has added five Ventas-owned senior living communities to its operating portfolio. Previously managed under a triple-net-lease structure by Brookdale Senior Living, the communities include The Hallmark in Chicago; Inspirations of Northbrook in Northbrook, Illinois; Inspirations of Mesa in Mesa, Arizona; Inspirations of Peoria in Peoria, Arizona; and Inspirations of Bartlesville in Bartlesville, Oklahoma. Each of the properties features assisted living residences, with some of the communities offering independent living apartments as well. Plans for the communities include a multi-million-dollar renovation at The Hallmark in …
PHILADELPHIA — Aramark SeniorLife+, the senior living division of food and facilities management service provider Aramark, has launched a new consultative services program. Through the new program, senior living communities will have the opportunity to retain in-house culinary, retail, housekeeping and facility operations while using Aramark’s expertise to improve supply chain and procurement practices, dining, building operations and maintenance, master planning and grounds management. This will allow seniors housing providers to receive strategic support while remaining self-operated. “By listening and aligning our resources, technology and programs around the client’s mission, we …
OCEAN SPRINGS, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast. Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale. The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price. …