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Merrill Gardens Acquires Five Communities

by Jeff Shaw

GREENVILLE, S.C.; SEATTLE; SPRINGFIELD, Mo.; TUKWILA, Wash.; and HILLSBORO, Ore. — Seattle based Merrill Gardens has added four existing communities to its portfolio, along with one new community under construction. The privately held company now operates 65 communities in 17 states. The first community is Merrill Gardens at Greenville. The newly opened independent living community features 129 studio, one- and two-bedroom apartments. Also acquired was Murano Senior Living in Seattle. The high-rise community features 243 apartments with waterfront and city skyline views. The property offers independent living, assisted living and …

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AcquisitionsAssisted LivingNewsSouth Carolina

Blueprint Brokers Sale of Five-Property Portfolio in South Carolina

by Jeff Shaw

SOUTH CAROLINA — Blueprint Healthcare Real Estate Advisors has arranged the sale of five assisted living and memory care communities in South Carolina. The 334-unit portfolio is located in multiple cities throughout the state, all built in the late 1990s. A court-appointed Receiver selected Blueprint to lead the disposition process on behalf of the lender. Spring Oak, a family-owned company based in New Jersey, purchased the properties for an undisclosed price. Brooks Blackmon, Ryan Chase and Lauren Nagle led the Blueprint team.

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GeorgiaNewsOperationsSouth Carolina

SLIB Negotiates New Tenants for Two Communities in Georgia, South Carolina

by Jeff Shaw

WATKINSVILLE, Ga., and MURRELLS INLET, S.C. — Senior Living Investment Brokerage (SLIB) has arranged a new tenant for two communities in the Southeast cities of Watkinsville and Murrells Inlet. Combined, the properties offer 159 units of assisted living and memory care. The landlord is a seniors housing and healthcare REIT. The new tenant is a Tennessee-based operator with a large presence throughout the Southeast. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

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AcquisitionsAssisted LivingNewsSouth Carolina

SLIB Negotiates Sale of 128-Unit Portfolio in South Carolina

by Jeff Shaw

SUMTER, CENTRAL and GREENWOOD, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of three assisted living communities in South Carolina. The properties are located in the cities of Sumter, Central and Greenwood. They total a combined 128 units. The seller was a seniors housing and healthcare real estate investment trust (REIT). The buyer was a Florida-based seniors housing operator with a regional presence in South Carolina. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

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NewsPeopleSouth Carolina

Watercrest Hires Diana Chavis as Executive Director of Watercrest Columbia in South Carolina

by Jeff Shaw

COLUMBIA, S.C. — Watercrest Senior Living Group has hired Diana Chavis as executive director of Watercrest Columbia Assisted Living and Memory Care in Columbia. Chavis brings over 40 years of healthcare experience to her role, holding a dual license in South Carolina as a Nursing Home and Assisted Living Administrator as well as a Licensed Preceptor for Long Term Care. She has served as executive director of continuous-care residential communities that included independent living, assisted living, memory care, skilled nursing and long-term care.  Additionally, Chavis held the role of CEO …

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Assisted LivingNewsOperationsSouth Carolina

SRI Management Takes Over Operations at Vineyard Bluffton in South Carolina

by Jeff Shaw

BLUFFTON, S.C. — SRI Management, in conjunction with Bourne Financial Group, has taken over operations of Vineyard Bluffton in the coastal town of Bluffton. Vineyard Bluffton offers 63 assisted living units and 32 memory care units near the scenic coastal region of Hilton Head Island. The Vineyard Bluffton community is the sixth senior living community for SRI Management in South Carolina. Five are operational, with one currently under construction.

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AcquisitionsAssisted LivingNewsSouth Carolina

Blueprint Negotiates Sale of 61-Unit Florence Place in South Carolina

by Jeff Shaw

FLORENCE, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Florence Place, an assisted living and memory care community in Florence, approximately 80 miles east of Columbia. Originally constructed in 1999, the purpose-built seniors housing community featured 61 units in a prominent location within the submarket. Blueprint marketed the opportunity alongside 16 communities located throughout the Southeast, Midwest and Mid-Atlantic. The undisclosed seller decided to market the portfolio at the start of 2023, following the successful implementation of rate increases, which resulted in double-digit revenue growth over …

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AcquisitionsNewsOperationsSkilled NursingSouth Carolina

Ensign Group Takes Over Management of Two Skilled Nursing Facilities in South Carolina

by Jeff Shaw

CHARLESTON and HANAHAN, S.C. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Ashley River Healthcare, a 125-bed skilled nursing facility in Charleston, and The Reserve Healthcare and Rehabilitation, a 135-bed skilled nursing facility in Hanahan.  These acquisitions were effective Sept. 1, and will be subject to a long-term, triple-net lease. “These buildings present a great geographical and strategic fit within this particular market,” says Barry Port, Ensign’s CEO. These acquisitions bring Ensign’s portfolio to 295 healthcare operations, 26 of which also include senior living operations, across …

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CCRCDevelopmentFinanceNewsSouth Carolina

Ziegler Arranges $212.9M Bond Financing for Seafields at Kiawah Island in South Carolina

by Jeff Shaw

KIAWAH ISLAND, S.C. — Ziegler has arranged $212.9 million in bond financing for Seafields at Kiawah Island, located on Kiawah Island, a resort town south of Charleston. The borrower is Kiawah Life Plan Village Inc. (KLPV), a South Carolina nonprofit corporation that was formed on Dec. 7, 2020, to develop, own, and operate a continuing care retirement community on approximately eight acres. The community will feature 90 independent living units and 16 assisted living units.  Seafields is located adjacent to Freshfields Village, which is an open-air pedestrian village with a …

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AcquisitionsNewsSkilled NursingSouth Carolina

Blueprint Brokers Sale of Skilled Nursing Facility in Bennettsville, South Carolina

by Jeff Shaw

BENNETTSVILLE, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a skilled nursing facility in Bennettsville, a small city in the northeast portion of South Carolina. The seller was a publicly traded REIT. The facility was constructed in several phases beginning in 1958 and featured predominantly semi-private rooms. The buyer was an East Coast based owner-operator with a significant existing presence in South Carolina. The price and other details were not disclosed.

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