South Carolina

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Company NewsNewsNorth CarolinaOperationsSouth Carolina

Charter Assumes Management of Two Ventas-Owned Communities

by Hayden Spiess

ANDERSON, S.C. and PINEHURST, N.C. — Charter Senior Living has assumed management of two communities owned by Ventas (NYSE: VTR). The communities include The Legacy of Anderson in Anderson, South Carolina, and Fox Hollow Senior Living in Pinehurst, North Carolina.  Fox Hollow Senior Living comprises 74 assisted living and memory care units. The Legacy of. Anderson totals 101 units of independent living.  “Expanding our relationship with Ventas to welcome these communities into the Charter family reflects our shared, unwavering focus on operational excellence and the resident experience,” says Keven Bennema, co-founder …

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AcquisitionsFinanceNewsSkilled NursingSouth Carolina

MonticelloAM Provides $21.8M Acquisition Financing for Two Skilled Nursing Facilities in South Carolina

by Hayden Spiess

NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $21.8 million in financing for two-facility skilled nursing portfolio located in South Carolina.  The financing includes a $19.3 million bridge loan and $2.5 million in working capital. The undisclosed borrower will use the funds to acquire the two properties, which comprise more than 260 licensed beds.  “This financing solution underscores our ability to provide essential liquidity that supports operational needs and workforce priorities,” says Kim Gordon, head of the working capital group at New York City-based MonticelloAM. “This flexibility enables skilled …

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AcquisitionsMemory CareNewsSouth Carolina

SLIB Arranges Sale of 48-Unit Memory Care Community in South Carolina

by Hayden Spiess

LEXINGTON, S.C. — Senior Living Investment Brokerage has arranged the sale of Westminster Memory Care, a 48-unit memory care community located in Lexington, roughly 20 miles west of Columbia, the state capital.  Built in 2020, the community is situated on roughly 6.3 acres, with space for future expansion.  Trinity Investors sold the property to a Southeast-based owner and operator for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller. 

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Assisted LivingDevelopmentIndependent LivingMemory CareNewsSouth Carolina

Acts Retirement-Life Communities Plans Expansion at Park Pointe Village in South Carolina

by Hayden Spiess

ROCK HILL, S.C. — Nonprofit owner and operator Acts Retirement-Life Communities has announced plans for the expansion of Park Pointe Village in Rock Hill.  Upon completion, the project will add 130 new independent living units, including both apartments and carriage homes, as well as 20 assisted living suites and a memory care neighborhood. In addition, Acts plans to develop an 18,000-square-foot clubhouse as part of the expansion. Plans also feature new indoor and outdoor amenities, including walking trails, pickleball courts and new restaurants and gathering spaces.  Acts currently manages 28 senior …

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AcquisitionsAssisted LivingMemory CareNewsSouth Carolina

SLIB Brokers Sale of 60-Unit Assisted Living, Memory Care Community in Greenville, South Carolina

by Hayden Spiess

GREENVILLE, S.C. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Shepherd’s Care Assisted Living and Memory Care Community in Greenville. The property totals 60 units.  Bob Jones University (BJU) sold the community to an undisclosed local investor, which has partnered with a Southeast-based operator.  Daniel Geraghty and Bradley Clousing of SLIB represented BJU in the transaction.  According to Geraghty, the buyer plans to renovate the property. 

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AcquisitionsAssisted LivingFloridaNewsSouth Carolina

Sonida Acquires Eight-Asset Portfolio in Florida, South Carolina for $103M

by Jeff Shaw

FLORIDA and SOUTH CAROLINA — Sonida Senior Living Inc. (NYSE: SNDA), a Dallas-based owner, operator and investor, has agreed to acquire eight senior living communities in northern Florida and South Carolina. Totaling 555 units of assisted living and memory care, Sonida will pay $103 million for the portfolio. The seller was not disclosed. “With this planned acquisition, Sonida will further broaden its high-quality and regionally focused real estate portfolio with newer vintage communities in mid-to-large metropolitan areas with favorable growth prospects,” says Brandon Ribar, president and CEO. The eight communities …

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AcquisitionsActive AdultNewsSouth Carolina

Berkadia Negotiates Sale of 159-Unit The Aspens Verdae in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Berkadia has arranged the sale of The Aspens Verdae, a newly built, 159-unit active adult community in Greenville.  Texas-based active adult developer Aspens Senior Living sold the community to Charleston-based Blaze Capital Partners and Partners Group, acting on behalf of its clients. Located in Greenville’s master-planned, 1,100-acre Verdae neighborhood, the Aspens Verdae provides convenient access to retail, restaurants, healthcare and outdoor activities. The property was built in 2022 and features one-bedroom and two-bedroom apartments.  Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders led the Berkadia team.

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White Oak at North Grove, Spartanburg, S.C.
AcquisitionsCompany NewsNewsNorth CarolinaOperationsSkilled NursingSouth Carolina

Blueprint Brokers Sale of White Oak Management, Including Portfolio of 2,000 Skilled Nursing Beds

by Jeff Shaw

SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …

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AcquisitionsNewsSkilled NursingSouth Carolina

Ziegler Brokers Sale of 122-Bed The Oaks of Orangeburg in South Carolina

by Jeff Shaw

ORANGEBURG, S.C. — Ziegler has acted as sell-side advisor in the disposition of The Oaks of Orangeburg, a 122-bed skilled nursing facility in Orangeburg, approximately 35 miles southeast of Columbia. The facility, located in a rural area of the state, is adjacent to a larger independent living campus that was not included in this sale. A privately held healthcare real estate investment and management company out of Skokie, Illinois purchased the property.  The new operator is PACS Group Inc.

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AcquisitionsDevelopmentNewsSouth Carolina

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

by Jeff Shaw

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, …

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