PLUM CITY, Wis. — G Capital Markets has arranged the permanent refinancing of a skilled nursing and assisted living facility in Plum City, a tiny village of fewer than 1,000 residents approximately 60 miles southeast of the Twin Cities. The property was originally built in 1987 and renovated in 2005, with an assisted living expansion built in 2014. The community features 65 beds in 41 private and semi-private units, with a ratio of 70 percent skilled nursing to 30 percent assisted living. The community has performed strongly with occupancy consistently …
WISCONSIN — Ziegler has acted as exclusive financial advisor to Opal Senior Living on obtaining financing for the acquisition of a 72-unit assisted living and memory care community located in Wisconsin named St. Elizabeth Manor. Ziegler provided structuring advice and loan placement services.
APPLETON, Wis. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of an 80-unit assisted living and memory care community in Appleton, near Lake Winnebago southwest of Green Bay. A national developer/investor engaged Blueprint to create an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities. These communities were purchased in a sizeable portfolio transaction pre-COVID, under a value-add thesis contemplating operator transitions to create regional groupings coupled with the intent to invest in renovations and repositioning. Unfortunately, the cumulative impact of …
FOOTVILLE, Wis. — Senior Living Investment Brokerage has negotiated the sale of a 73-unit community in Footville, a village of fewer than 1,000 residents located approximately midway between Madison and Rockford, Illinois. The community-based residential facility (CBRF) was built in 2009. If totals 56,912 square feet on approximately seven acres of land. The seller was a group of local real estate owners seeking to retire from the industry. The buyer was an experienced local operator that partnered with an out-of-state equity group. This is the ninth community added to the …
MINNESOTA, OHIO and WISCONSIN — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $29.5 million bridge loan for a portfolio of five skilled nursing and assisted living facilities in Minnesota, Ohio, and Wisconsin: The Landing at Stow, Evansville Manor Nursing and Rehabilitation, Edenbrook Fond du Lac, Edenbrook of Rochester, and Edenbrook of Edina. Together, the facilities consist of 441 beds across 25 acres. The purpose of the loan was to refinance three of the facilities and acquire the other two. Dwight has financed over 20 facilities for …
MUSKEGO and OAK CREEK, Wis. — Walker & Dunlop has arranged HUD acquisition loans for a portfolio of two seniors housing communities in the suburbs of Milwaukee. Kevin Giusti and Daniel Barone led the finance team that secured the $16 million HUD acquisition loan on behalf of the borrower, a well-versed developer, and the lender, the U.S. Department of Housing and Urban Development. The first community is Caring Alternatives of Muskego, a 34-bed/30-unit assisted living facility in Muskego. Walker & Dunlop arranged a $7.2 million loan for the transaction. The …
SHEBOYGAN, Wis. — Charter Senior Living has partnered with DMK Development Group and the West Bend-based general contractor American Companies to unveil plans for a new senior living option in Sheboygan. Charter Senior Living of Sheboygan senior living community is designed to meet the growing needs of the senior population that now constitutes 20 percent of Sheboygan County and is expected to increase as baby boomers continue to age. The new community, in conjunction with Van Horn Real Estate, will be located within the North Town master-planned development, just northeast …
MARSHFIELD, Wis., and RAMSEY, Minn. — Health Dimensions Group has taken over management of Stoney River of Marshfield and Stoney River of Ramsey. The two communities offer assisted living and memory support services. The owner is Stoney River.
MEQUON, Wis. — Ziegler has acted as exclusive financial advisor to Marquee Capital on the sale of Terova Senior Living, a 101-unit senior living community in Mequon, a northern suburb of Milwaukee. Marquee Capital is the real estate company affiliated with Marcus Investments LLC, a family office. Located in one of the most affluent suburbs in Wisconsin, the community represented the only senior living asset owned by Marquee in the state. Terova was built in 2005. Between 2020 and 2022, Marquee Capital renovated and repositioned the community as a for-profit …
WISCONSIN — Evans Senior Investments (ESI) has brokered the sale of a 120-unit assisted living and memory care community in Wisconsin. National Health Investors (NHI) sold the property to Eden Senior Care. The name and location of the property, as well as the price, were not disclosed. At the time when the operator was brought in during 2019 by NHI, the community was experiencing a high usage of Medicaid waivers and the community was struggling overall. Over the past three years, the operator was able to transition the community to …