Acquisitions Unlock Health acquires SPM Group Unlock Health, a healthcare and technology and services growth platform, announced it has acquired SPM Group, a network of health and healthcare agencies. Among the agencies included in SPM Group are SPM, GLC, Dreamscape and Centretek from Corridor Capital, LLC. Financial terms of the transaction are not available at […]
Blueprint Healthcare Real Estate Advisors
Financings 2Life Communities issued $17.8 million bond MassDevelopment has issued a $17.8 million tax-exempt bond to 2Life Communities to demolish a vacant former rest home and build a new rental housing facility for seniors. The existing building, The Leland Home, was built in 1891 and was operated until it closed in 2020. The new building, […]
Acquisitions Onelife enters Chicago with seventh acquisition Family-owned developer and operator Onelife Senior Living entered the Chicago area with the acquisition of the former Springs of Vernon’s Hills Alzheimer’s Special Care Center. Following the acquisition, the community was renamed to The Laurel at Vernon Hills. According to a press release, Onelife retained all staff during […]
Partnerships CLC-Capella partners with Green House Homes Christian Living Communities began a partnership with Green House Homes to provide management support on Nov. 1. Done through CLC’s Capella division, The Green Homes at Mariosal in Loveland, Colorado provide skilled nursing care to 90 residents. CLC – Cappella owns or operates nine other communities in Colorado […]
Management Anthem Memory Care assumes management of 20th property Anthem Memory Care has assumed management of Pinnacle Place Memory Care, located in Little Rock, Arkansas. According to a press release, Anthem Memory Care is now managing all aspects of the community’s operations and will add regional staff, technology and training programs to the community. Pinnacle […]
Transactions Helios arranges $9 million bridge-HUD loan for Texas senior housing provider Helios Healthcare Advisors announced on Sept. 12 that is has arranged a $9 million bridge-HUD loan for an unnamed Texas senior housing provider. The loan is part of an initiative to “recapitalize the borrower’s” 12-location portfolio, and the loan will be used for […]
Sales Edgemere Closes Sale Embattled Dallas-based senior living community Edgemere announced that it has sold to Bay 9 Holdings, an affiliate of Lapis Advisers. Lapis Long Hill at Edgemere took over management of the property on June 14. The final sale comes after more than a year of bankruptcy negotiations that includes more than $143 […]
Acquisitions Strawberry Fields REIT Agrees to 24-Facility Purchase Strawberry Fields REIT announced that it has entered into a purchase and sale agreement with an unaffiliated seller for 24 health care facilities, all of which are located in Indiana. The facilities are comprised of 19 skilled nursing facilities and five assisted living communities. The portfolio is […]
Financings JLL Arranges JV Equity for Virginia Project JLL Capital Markets announced that it arranged a joint venture for a senior living development project in Virginia. JLL worked on behalf of Centric Development LLC which is planning to build a 153,000 square-foot senior living community in Fredericksburg, Virginia that will include 106 assisted living units […]
Sales Blueprint Arranges Sale in Ohio Blueprint Healthcare Real Estate Advisors announced it arranged the sale of a senior living community in Ohio to a local owner-operator. The community – called Antwerp Manor – is a 52-unit assisted living community located in Antwerp Ohio that in 2007 was renovated into a senior living community after […]
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