Transactions & Financings: Legend Senior Living Adds Community; BWE Secures $40M for Refinancing


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.


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.


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.

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