South Carolina

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AgeWell Senior Living Assumes Management of Seven Communities in Virginia, South Carolina

by Hayden Spiess

NORTH PALM BEACH, Fla. — AgeWell Senior Living has assumed the management of seven communities located in Virginia and South Carolina.  The properties include communities in Berryville, Fishersville and Harrisonburg, Virginia, as well as communities in Camden, Fort Mill, Harstville and Indian Land, South Carolina.  “We are excited to welcome these communities to AgeWell,” says David Mills, president and chief operating officer of Florida-based AgeWell. “This expansion reflects our commitment to thoughtful growth and our belief that strong community operations begin with exceptional resident and team member experiences.” Established in 2009, …

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FinanceGeorgiaNewsNorth CarolinaSkilled NursingSouth Carolina

CFG Provides $72.4M Bridge Loan for Southeast Skilled Nursing Portfolio 

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided a $72.4 million bridge loan for the refinancing of a skilled nursing portfolio located in the Southeast.  The nine facilities included in the portfolio are located throughout Georgia, North Carolina and South Carolina.  “This transaction reflects the continued demand we’re seeing from experienced operators looking to unlock value and position their portfolios for long-term growth,” says Erik Howard, president of CFG Bank. “We focus on aligning capital with our clients’ broader strategy, supporting immediate priorities while strengthening the foundation for continued portfolio performance.” …

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SLIB Arranges Sale of 426-Unit Portfolio in Georgia, South Carolina

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 426-unit senior living portfolio located in Georgia and South Carolina.  Comprising six communities situated on four campuses, the portfolio features 156 independent living units, 200 assisted living units and 70 memory care units. The properties were built between 2017 and 2022.  A Southeast-based developer sold the portfolio to a publicly traded REIT for an undisclosed price. Daniel Geraghty, Bradley Clousing, Jeff Binder and Jason Punzel of Illinois-based SLIB represented the seller in the transaction. 

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AcquisitionsIndependent LivingNewsNorth CarolinaSouth Carolina

SLIB Arranges Sale of Two-Property Portfolio in Metro Charlotte

by Hayden Spiess

INDIAN LAND, S.C. and MATTHEWS, N.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a two-property portfolio situated in the Charlotte metro. The portfolio includes Ambriant at Avondale in Indian Land, South Carolina, and Ambriant at Austin Village in Matthews, North Carolina.  Ambriant at Avondale comprises 122 independent living units. Ambriant at Austin Village totals 80 independent living units, with one main building and seven duplex cottages. Both communities were developed in 2021.  Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the seller, …

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AcquisitionsFinanceNewsSouth Carolina

GEM Realty Capital Receives Acquisition Financing for 142-Unit Community Near Charleston

by Hayden Spiess

SUMMERVILLE, S.C. — GEM Realty Capital has received financing for the acquisition of The Claiborne at Brickyard Crossing, a senior living community located in Summerville, roughly 25 miles northwest of Charleston.  Taylor Mokris and Ryan Stoll of BWE arranged the financing on behalf of the borrower.  Opened in 2022, The Claiborne at Brickyard Crossing totals 142 units, with assisted living and memory care residences. According to BWE, the community was stabilized within 12 months of its opening.  “There is a meaningful and growing appetite among lenders for the best seniors housing …

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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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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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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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