Healthpeak selling Kentucky property managed by Atria Senior Living
Healthpeak Properties (NYSE: PEAK) agreed to sell Atria Blankenbaker, a personal care and independent living facility managed by Atria Senior Living, to Wickshire Senior Living, an operator based in Brentwood, Tennessee, Nashville Business Journal reports.
Wickshire’s portfolio includes communities in Georgia, Ohio, Indiana and Wisconsin. The community will be rebranded Wickshire Blankenbaker, and the deal is expected to close on September 1.
Blueprint completes sale of Connecticut memory care facility
Blueprint Healthcare Real Estate advisors Executive Managing Director and co-founder Ben Firestone, Senior Managing Director and Head of Business Development Steve Thomes and Managing Director Michael Segal completed the sale of The Shoreline of Clinton, a 48-unit memory care community in Clinton, Connecticut.
Regions Bank closes $28M construction loan
Regions Bank Healthcare Real Estate Managing Director Christopher Honn originated and closed on a $28.3 million new construction and mini-permanent loan on behalf of a joint venture between a Southeast-based developer and owner, and a Southwest-based owner and operator.
Proceeds will be used to build a three-story senior housing community in the south suburban Seattle market, consisting of 65 independent living units and 63 assisted living units.
CBRE secures $14M loan for two Colorado communities
CBRE National Senior Housing Vice Chairman Aron Will, First Vice President Austin Sacco and Vice President Matthew Kuronen arranged acquisition financing for two senior housing communities in Aurora, Colorado and Lakewood, Colorado, on behalf of Cadence Living and a joint equity partner.
The JV plans to deploy approximately $4 million across both assets for capital improvements.
Integral Senior Living named manager of Nevada community
Integral Senior Living assumed management of an assisted living and memory care community currently under development by private real estate company, Investcor Development.
The community, set to open in early 2022 within the Kiley Ranch Master Planned Community, will total 74,000 square feet and feature 90 units with 66 one- and two-bedroom assisted living, and 24 memory care units.
Helios Healthcare Advisors structures buyout, acquisition package for Illinois assisted living facility
Helios Healthcare Advisors Mario Wilson completed a partnership buyout and acquisition financing for an assisted living provider in Illinois.
Helios was engaged by the partnership to structure the sale which resulted in a transfer of stock of the operating company and a 54-unit real estate asset sale. Helios then arranged the acquisition financing for the surviving partner securing a 25-year, fixed rate fully amortizing loan with a rate of approximately 3.4%.
Hunt Capital closes on $4M tax credit package
Hunt Capital Partners, in collaboration with the Chinese Consolidated Benevolent Association (CCBA), closed on $4.44 million in federal low-income housing tax credit (LIHTC) and federal solar tax credit (ITC) equity financing for the acquisition and rehabilitation of CCBA Senior Gardens, a 45-unit affordable senior apartment complex in the Gaslamp district of San Diego, for seniors ages 55 and older. CCBA is the managing general partner, developer and guarantor for the project.
Welltower joins Renewable Energy Buyers Alliance
Welltower (NYSE: WELL) has joined the Renewable Energy Buyers Alliance (REBA), an organization of over 200 large-scale energy buyers seeking to procure renewable energy across the United States.
REBA’s short-term objective is to more than 60 gigawatts of renewables online in the United States in the next five years, Globe St. reports. The group will also help Welltower in its goal of zero-carbon energy systems.
Carely acquires virtual caregiving support site
Carely, a platform of tools for caregivers and professional care providers, announced the acquisition of Caregiving.com, an online community for family caregivers, with the help of leading investor, Guidance Health.
Caregiving.com will offer community and tailored resources for caregivers, whether they need guidance on selecting a care facility, advice for their latest challenge or words of support from the community. The acquisition enables Carely to offer a larger umbrella of resources and provide more comprehensive support to caregivers.
Otterbein SeniorLife, Sunset Communities affiliate
Otterbein SeniorLife announced an affiliation with Toledo, Ohio-based Sunset Communities, In the affiliation, Otterbein SeniorLife will become the sole member of Sunset Retirement Communities. Sunset will continue to retain its current staff, leadership team and local board of directors, and leverage Otterbein’s home office team for sales, marketing, communications, financial analyses, strategic planning, and other such activities. Sunset’s balance sheet remains intact and investments will be used solely in support of the Sunset Communities.
As an aspect of the affiliation, the Sunset Communities will change their name to Otterbein Sunset House and Otterbein Sunset Village. The independent living residences will be called The Woodlands at Otterbein Sunset House and Fieldstone Villas at Otterbein Sunset Village.
Link-Age Solutions Partners with Morrison Living
Link-age announced a new partnership with Morrison Living. The new relationship will ensure that Link-age members across the country have access to Morrison Living’s dining, wellness, environmental, and hospitality services.
USDA awards Kansas provider $4M
The U.S. Department of Agriculture-Rural Development awarded Spearville Senior Living $4 million for the development of Sunrise at Spearville, a mix of 12 assisted living apartments and 14 private skilled nursing rooms in Spearville, Kansas, the Dodge City Daily Globe reports.
Groundbreaking on the $5.1 million project is expected later this year.
Companies featured in this article:
Atria Senior Living, Blueprint Healthcare Real Estate Advisors, Cadence Living, Carley, CBRE National Senior Housing, Guidance Health, Healthpeak Properties, Helios Healthcare Advisors, Hunt Capital Partners, Integral Senior Living, Investcor Development, Link-age Solutions, Regions Bank Healthcare Real Estate, Renewable Energy Buyers Alliance, Spearville Senior Living, Sunset Communities, Welltower, Wickshire Senior Living