Blueprint Facilitates IL Sale
Blueprint Healthcare Real Estate Advisors announced it facilitate the sale of a 75-unit independent living community that will be converted into an assisted living community.
The buy is a Columbus, Ohio-based owner-operator that is looking to expand its Medicaid Waiver Program presence in Ohio.
Blueprint Facilitates Par of Deals in Utah
Blueprint Health Care Real Estate Advisors announced in facilitated two transactions in Utah in recent weeks.
The first transaction included a pair of assisted living and memory care communities with approximately 90 units each that were developed by the same developer. As a part of the deal, the new owner – a private equity group – would have the opportunity to maintain the communities’ relationship with Avista Senior Living.
In the second translation, Blueprint facilitate the sale of Anthology Senior Living’s sole Utah-based community. The community is a 103-unit assisted living and memory care community located in South Jordan, Utah, a suburb of Salt Lake City.
The buyer is a partnership between a private equity investor and Stellar Senior Living.
Ziegler Closes $29M Financing for CCRC
Ziegler announced it closed on $29.2 million in Series 2023A and 2023B Bonds for a continuing care retirement community (CCRC) in Charleston, South Carolina. ;
The community – called Bishop Gadsden Episcopal Retirement Community – is a 511 CCRC that consists of IL, AL, memory care, post-acute skilled nursing and long-term care units on a 125-acre campus.
Bishop Garden, which recently completed construction on a new health center, is now planning a 15-unit IL expansion neighborhood.
Ziegler Closes $19M for Retirement Community
Chicago-based Ziegler announced it closed on a little over $19 million for a nonprofit retirement and affordable housing system in Pennsylvania.
The oragnization – called The Branches – consists of a life plan community called Dock Woods and a life plan community called Souderton Mennonite Homes.
The financing will be used to finance a portion of a new project at Dock Woods, pay off a 2018 construction loan and fun capitalized interest among other uses.
Standard Communities Leads Effort to Buy Two Communities
Standard Communities announced it led a partnership to acquire to affordable housing senior living communities that extends the communities’ affordability for another three decades.
The partnership is a public-private partnership
The communities – both located in Chicago – are the 145-unit Commonwealth Apartments and the 321-unit Greenleaf Apartments.
The acquisitions have a total combined capitalization of $192 million that includes a sum of $46 million set aside for planned renovations.
LCS Buys Lifeplan Community in Florida
LCS announced it has parched a life plan community in Naples, Florida and that its subsidiary, Life Care Services will manage the community.
The Community – called The Arlington of Naples – consists of 298 units of estate homes, IL, AL, memory care and skilled nursing units. LCS team members are already on-site to bring current staff into the fold.
Lloyd Jones Acquires 4 Communities
Lloyd Jones announced it has acquired four additional senior living communities at the send of 2022.
The communities – located in Ohio, Texas and Massachusetts – are operating under the Lloyd Jones Aviva senior living brand. They are:
- Aviva Glendale, a 50-unit, 70-bet assisted living community in Toledo, Ohio;
- Aviva Hills, an 80-unit assisted living and memory care community in Canton, Ohio;
- Aviva Granbury, a 75-unit IL, AL and memory care community in Granbury, Texas;
- Aviva Country Club Heights, a 104-unit assisted living and memory care community in Woburn, Massachusetts
Lloyd Jones aims to reach 5,000 units under ownership by the end of 2023.
Blueprint Assistes REIT Divestment
Blueprint Healthcare Real Estate Advisors announced it helped a publicly traded real estate investment trust divest a senior living community in Florida.
The community is a 57-unit assisted living and memory care community in St. Petersburg, Florida that recently underwent about $500,000 in capital improvements. For the REIT, the community was a non-strategic asset. And for the seller, the community represented an opportunity to deepen its presence in the Tampa market.