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CCRCDevelopmentFinanceMissouriNews

Ziegler Arranges $42.3M Financing for John Knox Village in Lee’s Summit, Missouri

by Jeff Shaw

LEE’S SUMMIT, Mo. — Ziegler has arranged $42.3 million in bond financing for John Knox Village, a continuing care retirement community (CCRC) in the Kansas City suburb of Lee’s Summit. The Industrial Development Authority of the City of Lee’s Summit issued the bonds. John Knox Village is one of the nation’s largest nonprofit, single-site offering 948 independent living units ranging from single-family homes to apartments, 106 assisted living units, 76 memory care units and 122 skilled nursing beds. The community also provides home health, hospice, outpatient therapy, ambulance services, private …

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AcquisitionsArkansasNews

SLIB Brokers Sale of 121-Unit Indian Rock Village in Fairfield Bay, Arkansas

by Jeff Shaw

FAIRFIELD BAY, Ark. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Indian Rock Village, a 121-bed independent living, assisted living and memory care community in Fairfield Bay. Located along Greers Ferry Lake approximately 80 miles north of Little Rock, the community was built in 1990. A regional owner-operator looking to exit the skilled nursing industry sold the asset to a regional owner. The price was not disclosed. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB.

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Company NewsIndependent LivingNewsOperations

Welltower to Transition 89 Holiday Properties to New Operators

by Jeff Shaw

TOLEDO, Ohio — Welltower (NYSE: WELL), a Toledo-based REIT that is the largest owner of seniors housing in the country, has announced plans to transition a portfolio of 89 Holiday by Atria properties to new operators. Welltower acquired the bulk of the properties in 2021 as part of Atria Senior Living’s acquisition of former independent living giant Holiday Retirement, which at the time represented the seventh-largest seniors housing operator buying the third-largest. The American Seniors Housing Association, which tracks the 50 largest U.S. owners and operators of seniors housing annually, reports …

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DevelopmentMarylandNews

Acts Completes $11.5M Expansion at Fairhaven in Sykesville, Maryland

by Jeff Shaw

SYKESVILLE, Md. — Acts Retirement-Life Communities completed an $11.5 million expansion project at Fairhaven, a seniors housing community in Sykesville, approximately 25 miles west of Baltimore. The renovation included a new club room, featuring space for cards and games, table tennis and billiards; the Copper Lantern pub; upgrades to the Beasman Restaurant; expanded seating in the bistro; a new welcome house; and outdoor recreational spaces, including a three-hole golf course.  Renovations also included $400,000 in donor funds from the Acts Legacy Foundation. Acts also plans to open a new pickleball …

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AcquisitionsAlabamaFloridaNebraskaNewsOklahomaOperationsTexas

Sagora Senior Living Takes Over Operations at 17 Communities

by Jeff Shaw

FORT WORTH, Texas — Sagora Senior Living, a Fort Worth-based operator, has taken over management of 17 senior living communities across Alabama, Florida, Nebraska, Oklahoma and Texas.  Sagora expands its footprint in Vero Beach, Florida with the addition of two new communities: Heron Cove Assisted Living and Memory Care and Heron Point Independent Living. Both communities are located less than 10 miles from The Brennity of Vero Beach, another Sagora community. Sagora also recently opened Lynridge of Huntsville Assisted Living and Memory Care, expanding the operator’s Lynridge brand to a …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Negotiates Sale of 70-Unit Magnolia of Sharpsburg in Georgia

by Jeff Shaw

SHARPSBURG, Ga. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Magnolia of Sharpsburg, a 70-unit assisted living and memory care community in Sharpsburg, a suburb south of Atlanta. The community was built in 2021. A group of EB-5 investors sold the property to a Midwest-based developer for an undisclosed price. This was their first acquisition in Georgia. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB.

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CCRCDevelopmentFinanceIndianaNews

Ziegler Arranges $32M Financing for Hoosier Village Campus Expansion in Zionsville, Indiana

by Jeff Shaw

ZIONSVILLE, FORT WAYNE and COLUMBUS, Ind. — Ziegler has arranged $32 million in bank financing for BHI Senior Living, a faith-based nonprofit organization established in 1904 that owns and operates 10 market-rate continuing care retirement communities (CCRCs) across the states of Indiana, Ohio and Michigan. The financing is secured by three of BHI’s communities in Indiana: Hoosier Village in Zionsville, The Towne House in Fort Wayne and Four Seasons in Columbus. The portfolio comprises 384 independent living units, 524 assisted living units, and 225 skilled nursing units. BHI will finance …

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AcquisitionsAssisted LivingNewsTexas

JLL Brokers Sale of 90-Unit Sage Spring Senior Living in San Marcos, Texas

by Jeff Shaw

SAN MARCOS, Texas — JLL Capital Markets has arranged the sale of Sage Spring Senior Living, a community in San Marcos, located between Austin and San Antonio. JLL represented the seller, a joint venture between Bow River Capital and Investcor, and procured the buyer, Inspired Healthcare Capital. The price was not disclosed. Sage Spring Senior Living is a 90-unit assisted living and memory care community that opened in December 2020 and was stabilized at time of sale. San Marcos is one of the fastest growing cities in the nation with …

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DevelopmentMarylandNews

MCB’s Plan for 280-Acre Mixed-Use Project Near Washington, DC Includes Seniors Housing

by Jeff Shaw

SILVER SPRING, Md. — MCB Real Estate has unveiled plans to develop VIVA White Oak, a 280-acre mixed-use project anchored by healthcare space in Silver Spring, approximately six miles north of downtown Washington, D.C. Plans call for 3 million square feet of lab, office, research and medical space; 525,000 square feet of retail; 3,000 square feet of hotel space; 75,000 square feet of senior living; 4,500 private residences; and 85 acres of open space. MCB is currently working with stakeholders and public officials to refine the specifics, but the healthcare …

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AcquisitionsNewsOklahomaSkilled Nursing

Blueprint Arranges Sale of Seven-Property Skilled Nursing Portfolio in Oklahoma

by Jeff Shaw

OKLAHOMA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of seven skilled nursing facilities in Eastern Oklahoma. The seller was Birchwood Healthcare Partners, a Chicago-based private investor and owner-operator. A Missouri-based operator acquired the assets for an undisclosed price. The portfolio comprises 561 total licensed skilled nursing beds. The regionally clustered portfolio also benefited from the recent Medicaid rate increases and steady census rebounds, according to Blueprint. As part of the marketing, Blueprint cited attractive assumable HUD debt on select facilities, proof of concept and improved performance tracking …

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