Financings
Nebraska startup Dwellr raises initial round of funding
Nebraska-based startup Dwellr has raised $500,000 in funding to “transform the way families find senior care.”
The funding was led by Move Venture Capital and Invest Nebraska.
With the funding, Dwellr is preparing to expand its services following an initial launch in cities in Nebraska, Iowa, Missouri and Colorado.
Transactions
Berkadia negotiates sale of North Carolina active adult community
Berkadia announced the sale of an active adult senior living community in Charlotte, North Carolina on Oct. 10.
The property opened in 2020 and is located in one of Charlotte’s master planned communities.
The deal closed on Oct. 2, and the transaction was led by managing directors Cody Tremper and Mike Garbers, both of Berkadia Seniors Housing and Healthcare.
SLIB facilitates sale of two New York communities
Senior Living Investment Brokerage facilitated the sale of The Cambridge Assisted Living and The Mansion at South Union on Oct. 13.
The two communities consist of a combined 74 units and 84 beds.
The seller is a private owner looking to exit senior housing and the buyer is a Northeast-based private equity organization.
CBRE arranges acquisition financing for The Groves of Tustin
CBRE announced the arrangement of a Fannie Mae assumption for The Groves of Tustin senior housing community on Oct. 11.
The buyer for the community was Everest Senior Living. According to a press release, CBRE facilitated the assumption of the previously originated $15 million floating-rate loan on behalf of Everest Senior Living.
Following the acquisition, the community will be managed by Main Street Senior Living.
SLIB facilitates sale of two Utah communities
Senior Living Investment Brokerage facilitated the sale of two assisted living and memory care communities in Sandy and Draper, Utah.
The communities were built in 2001 and consist of 140 units.
The owner is a private equity group. The buyer is a Utah-based private equity group with a Utah-based operator looking to expand its footprint in the state.
Development
Initial homebuilders announced for Storyliving by Disney community
Cotino, the first Storyliving by Disney community, has announced Shea Homes, Davidson Communities and Woodbridge Pacific Group as its first homebuilders.
The community’s first phase of development will have more than 300 homes and a collection of neighborhood parks. A third of the homes will be designated for 55 and up residents.
The homebuilders were selected for their “industry experience and outstanding quality.”
