SLIB Negotiates Sale of Wickshire Madison in Wisconsin

MADISON, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Wickshire Madison, an assisted living community in Madison. The property was built in 1992 on a 2.5-acre plot. A Northeast-based private REIT sold the property to a…

Pennant Acquires Home Health Agency in Kenosha, Wisconsin

KENOSHA, Wis. — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired the assets of Kenosha Visiting Nurse Association Inc., which provides skilled…

SLIB Brokers Sale of Eight-Property Portfolio in Metro Milwaukee

MILWAUKEE — Senior Living Investment Brokerage (SLIB) has arranged the sale of eight seniors housing communities in the Milwaukee metro area. The eight communities feature a total of 449 units/beds, with occupancy averaging 84 percent. The seller was a private…

Ziegler Arranges $24M Financing for Wisconsin Illinois Senior Housing

CHICAGO — Ziegler, a Chicago-based investment bank, has arranged $24 million in financing for Wisconsin Illinois Senior Housing (WISH), a nonprofit owner-operator. The financing comprises $22.5 million of tax-exempt bonds directly purchased by BMO Harris Bank, along with a $1.5…

Vium Funds $21.3M Bridge Loan for Bria of Trinity in Milwaukee

MILWAUKEE — Vium Capital has provided a $21.3 million bridge loan for Bria of Trinity, a continuing care retirement community in Milwaukee. The loan provides funds for the acquisition of the property. The seller was seeking an exit from a…

LTC Sells Three Assisted Living Communities in Wisconsin for $35M

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based REIT, has sold three assisted living communities in Wisconsin that were part of LTC’s Senior Lifestyle portfolio for $35 million. The estimated gain from the sale of the…

Lifesprk to Acquire Tealwood Senior Living, Bill Thomas to Spearhead New Model

MINNEAPOLIS and BLOOMINGTON, Minn. — Lifesprk, a Minneapolis-based community-based services provider, has announced plans to acquire Tealwood Senior Living, a Bloomington-based operator with 35 seniors housing communities. “The current senior housing market, accelerated by the pandemic, created significant opportunity to…

Ziegler Arranges $9.6M Refinancing for Eskay Real Estate

UNION GROVE and LOMIRA, Wis. — Ziegler has arranged $9.6 million in refinancing on behalf of Eskay Real Estate, a family-owned post-acute care provider in Southeastern Wisconsin. The refinancing funded the acquisition of a previous partner’s majority interest and refinanced…