Transactions
Legend Senior Living to Manage Pennsylvania Community
Legend Senior Living announced it will assume management of a Pennsylvania-based senior living community marking the fifth community Legend manages in the Keystone State.
Located in the central Pennsylvania community of Mechanicsburg, the community – previously called The Landing of Southampton Personal Care and Memory Care – has been renamed The Province of Southampton.
The community offers a continuum of senior living continuum that includes “all the freedom of independent living with just the right amount of assistance,” according to a statement.
Primrose Retirement to Take Over Missouri Community
Primsore Retirement Communities announced it will take over as the owner/operator of a senior living community in Sedalia, Missouri.
The community was previously operated by Cedarhusrt Senior Living and comprises 129 units.
Financings
BWE Secures $40M for Refinancings
BWE announced it has secured more than $40 million in capital that will be used to refinance and preserve five affordable senior living communities in three states.
The communities include:
- Nashville Christian Towers in Nashville Tennessee, operated by Envolve Communities,
- Logan’s Point in Mt. Vernon, Texas, operated by Envolve Communities,
- 515 Thayer in Silver Springs, Maryland, operated by Montgomery Housing Partnership,
- St. Charles House in Pikesville, Maryland, operated by Catholic Charities of Baltimore,
- Coursey Station in Baltimore, Maryland, operated by Catholic Charities of Baltimore.
BWE’s Jon Killough, John Roberts and Victor Augusta originated the loans.
BHI Refinances $30M Loan
BHI announced it closed the refinancing of a $30 million loan for a senior living community in Florida.
The community – located in Davie, Florida – is a 199-unit IL, AL and memory care community owned and operated by Royal Senior Care.
Bayview Closes on $13M Financing
Bayview PACE announced it closed on $13 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a senior living community in Simi Valley, California.
The C-PACE loan proceeds are being utilized to pay down senior debt and also to provide cash-out to the sponsor for future projects.
The community – called Varenita of Simi Valley – is a 102-unit AL and memory care community in Simi Valley, California.
Sales
JLL Arranges Sale in Wisconsin
JLL Capital Markets announced that is closed the sale and acquisition financing for a 101-unit senior living community in Shorewood, Wisconsin to Weidner Apartment Homes.
The community – called the Oaks of Shorewood – is a 101-unit active adult community for adults aged 55 years or older.
JLL’s Amanda Friant, Wick Kirby, Mox Gunderson and Jaime Fink represented the seller, Sherman Associates.
Companies featured in this article:
Bayview, BHI Senior Living, BWE, JLL Capital Markets, Legend Senior Living, Primrose Retirement Communities
