Transactions and Financings: New Argentum, AlphaROC Partnership; Benchmark Adds Conn. Community

Partnerships Argentum, AlphaROC announce strategic partnership Senior living trade association Argentum and data science company AlphaROC have announced a strategic partnership to “reimagine” market research with the platform Occam. According to a press release, the Occam platform will be launched for Argentum members and allow them to get “faster and easier access to public opinions,” […]

Transactions and Financings: Lloyd Jones Acquires Virginia Community; KeyBank Provides $34.3M Affordable Housing Rehabilitation Funding

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 […]

Transactions and Financings: Ziegler Closes on $68.5M for Acts Retirement-Life Communities; Brookdale Secures $179.5M Refinancing

Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]

Transactions and Financings: IRA Capital Acquires 140-Unit Community; Ziegler Closes on $76.9M Bond Series for LPC 

Acquisitions IRA Capital acquires $41M, 140-unit community IRA Capital, a private equity firm, announced that on Dec. 21 it had acquired the 140-unit San Clemente Villas by the Sea. According to a press release, the acquisition cost $41 million, and IRA Capital plans to invest additional capital to “elevate the senior living experience” at the […]

Transactions and Financings: Mainstay Buys 3 Communities, New Ciel Senior Living Management Agreement

Management Ciel assumes management of HarborChase of Princeton, rebrands Ciel Senior Living announced it has assumed management of HarborChase of Princeton. Now rebranded to Ciel of Princeton, the 120-unit assisted living and memory care community is located in Monmouth Junction, New Jersey and the second Ciel Senior Living has taken under management since July 2023. […]

Transactions and Financings: Unlock Health Acquires SPM Group; JLL Capital Markets Secures $35M for Upcoming Community

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 […]

Transactions and Financings: 2Life Communities Issued $17.8 Million Bond; CBRE Arranges Sale, Financing of 225-Unit Community 

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, […]

Transactions and Financings: Onelife Enters Chicago; SLIB Sells Midwest Portfolio

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 […]

Transactions and Financings: Pacific Retirement Services Affiliates; Blueprint Advises Sale of Philadelphia Communities

Transactions Blueprint advises sale of two Philadelphia communities Blueprint worked with a national investor in order to “maximize the value” of two Class A assisted living and memory care communities within the Philadelphia metropolitan area. The communities were opened in 2016 and 2020 and have more than 200 assisted living and memory care units. The […]