Acquisitions Lloyd Jones acquires Virginia community Real estate investment firm Llloyd Jones announced it has acquired Brightview Baldwin Park, a community in Staunton, Virginia. The 136-unit assisted living, independent living and memory care community was purchased from Brightview Senior Living. Following the acquisition, the community has been rebranded as Aviva Baldwin Park and will be […]
CBRE
Capitalization rates rose across all senior living product types in the latter half of 2023 as challenges remained stubborn. But the new year should bring more improvement to supply-demand dynamics. That’s according to a new investor sentiment report for the second half of 2024 from CBRE Valuation and Advisory Services. The survey, conducted in October, […]
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, […]
Financings Nebraska startup Dwellr raises initial round of funding Nebraska-based startup Dwellr has raised $500,000 in funding to “transform the way families find senior care.” The funding was led by Move Venture Capital and Invest Nebraska. With the funding, Dwellr is preparing to expand its services following an initial launch in cities in Nebraska, Iowa, […]
Transactions Blueprint advises sale of Anthology Senior Living Community Blueprint advised the sale of a 101-unit Anthology Senior Living Community in the Cincinnati, Ohio metro on Oct. 3. The community opened in 2017 and was sold to Community First Solution, a regional not-for-profit. The sale of the community was to recycle capital, and Blueprint helped […]
Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]
Average senior housing capitalization rates have increased since last year, as active adult once again remains an attractive investment opportunity for favorable returns. That’s according to The U.S. Seniors Housing & Care Investor Survey 2023 report’s 12th edition, which found that cap rates for independent living, assisted living and memory care properties increased by 28 […]
Sales Blueprint Facilitates AL, Memory Care Sale Blueprint Healthcare Real Estate Advisors announced it facilitated the sale of a senior living community in the Baltimore area. The community – called Woodlands Assisted Living – is a 65-unit AL and memory care community that was built in 1999. The community’s performance was trending upward in the […]
Complexity and uncertainty are weighing down the senior living industry and stymying transactions in the short-term — but there is hope that long-term optimism will bring investors back to the table before too long. The next wave of age eligibility of older adults in senior living in the coming years could be just what the […]
Financings CBRE Arragned $23M Financing for Community CBRE National Senior Housing announced it arranged a 10-year bridge loan wroth $23.3 million for a senior living community in Seattle. The community – developed and owned by Capital Seniors Housing – is a 93-unit assisted living and memory care community that was originally a children’s hospital built […]