Texas

TEXAS — Blueprint Healthcare Real Estate Advisors has brokered the sale of a transitional care facility located on the Texas Panhandle. The specific name and location were not released. Mainstreet developed the 70-unit property, but never opened it. The result was a new, purpose-built care facility that is ready for an operator to come in. The vacant property is located within a large medical park and close to several major regional hospitals. A local real estate investor acquired the property with the intent of opening it as a post-acute hospital. …

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TEXAS — Oxford Finance LLC (“Oxford”) has provided a $27.5 million senior credit facility to Cascades Healthcare, an owner and operator of long-term care facilities. The funds were used for the acquisition of four skilled nursing facilities located in Texas featuring 647 licensed beds. Cascades Healthcare was founded in 2016 to build and coordinate a network of associated senior care. The company currently operates 19 skilled nursing facilities in Utah, Idaho and Texas, as well as providing operational support to three home health and hospice companies and managing a multi-state …

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CORPUS CHRISTI, Texas — SilverPoint Senior Living has partnered with Titan Development to assume operations of Élan Corpus Christi, a 113-unit luxury senior living community located in Corpus Christi. “Élan Corpus Christi is an absolutely beautiful community that reflects the amazing coastline setting of Corpus Christi,” says Shawn Corzine, CEO at SilverPoint Senior Living.

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TEXAS CITY, Texas — Oldham Goodwin Group has opened The Huntington at Lago Mar, an apartment community for seniors in Texas City, located southeast of Houston. The property features 148 independent living residences with easy access to major medical centers, airports, public beaches, parks, libraries, shopping and dining. Construction on The Huntington started in November 2019. Oldham Goodwin manages the property, the 13thmultifamily asset in its portfolio.

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DENTON and FORT WORTH, Texas — Newmark has brokered the sale of Attiva Denton and Attiva Park, two seniors housing properties totaling 402 units in North Texas. The first property totals 240 units and is located in Denton, and the second property comprises 162 units and is located on the southern side of Fort Worth. Ryan Maconachy and Chad Lavender of Newmark represented the seller, Atlanta-based multifamily development and investment firm Cortland, in the transaction. The buyer was not disclosed.

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HOUSTON — Houston Housing and Community Development Department (HCDD), along with an affiliate of Atlantic Pacific Communities, has unveiled plans for Heritage Senior Residences, a mixed-income senior living community in Houston that will replace housing lost during Hurricane Harvey in August of 2017. The project was awarded $14.4 million in Community Development Block Grant-Disaster Recovery (CDBG-DR) funds. In addition, these funds were paired with $13.8 million of equity generated from the sale of housing tax credits, a $9.8 million permanent loan from Citi Community Capital, and a $20.5 million construction …

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FRISCO, Texas — SilverPoint Senior Living has formed a new partnership with La Fontaine Memory Care under which SilvrePoint will manage La Fontaine of Frisco in Frisco, a suburb of Dallas. “As SilverPoint is continuing to grow, we want to be strategic as we add to the portfolio of communities we manage. We truly connected on a personal level with the ownership group and both agreed that SilverPoint can add value to the La Fontaine community,” says Shawn Corzine, CEO at SilverPoint. “Paramount Healthcare’s expertise has historically focused on individuals …

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LEWISVILLE, Texas — An affiliate of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has acquired a 180-unit active adult apartment community in the Dallas-Fort Worth submarket of Lewisville. The seller was not disclosed. The property, which the firm has rebranded as Haven at Lewisville Lake, is the first Texas addition to Livingston’s geographically diverse active adult and independent living portfolio. The acquisition brings the firm’s total unit count in the sector to nearly 1,000 units. “The acquisition of Haven at Lewisville …

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HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 148-bed skilled nursing facility in Houston. The community was built in 1955 and renovated in 2009. The property is located in the Jacinto City neighborhood of Houston. The facility is approximately 36,000 square feet and is situated on approximately 1.3 acres of land. The seller is a regional owner-operator looking to consolidate its portfolio. The buyer is a regional owner-operator based in Utah that is expanding its portfolio into Texas. The price was not disclosed. Matthew Alley …

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GALVESTON and PORT ARTHUR, Texas —Senior Living Investment Brokerage (SLIB) has arranged the sale of two skilled nursing facilities in Port Arthur and one in Galveston totaling 493 beds. The seller was a regional owner-operator looking to consolidate its portfolio. The buyer is a regional owner-operator based in Utah that is expanding its portfolio into Texas. The price was not disclosed. The buyer is planning to invest in improving the property appearance and focusing on leveraging operational experience for stabilizing the portfolio. Matthew Alley and Vince Viverito of SLIB handled …

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