Partnerships
USAA, A Place for Mom announce joint relationship
A Place for Mom has announced a partnership to provide senior living advisory services to USAA, a veterans services provider with 13 million members.
According to a press release, A Place for Mom advisors will offer personalized guidance and recommendations based on knowledge of Veterans Affairs benefits. When USAA refers members or their families to A Place for Mom, they receive a $500 gift card after they move into a recommended community.
The amount one may receive through Veteran benefits varies based on benefits and eligibility. The funds from these benefits can be used to cover costs associated with assisted living costs, memory care and more.
Affiliations
Moravian Manor Communities and Morningstar Living affiliate
Faith-based, nonprofit Moravian Manor Communities and Morningstar Living have come together to affiliate and form Unitas Communities.
Unitas Communities will act as the parent company, and under the affiliation agreement both organizations will retain their own separate corporate identities while sharing key services and resources.
The two communities have been exploring affiliation for the better part of a year, according to a press release.
Transactions
Walker and Dunlop closes on 177-unit senior housing community
Walker Dunlop Investment Sales announced the sale of Clarendale of Schereville on Oct. 25.
The community is a 177-unit, 180-bed independent living, assisted living and memory care community that opened in 2017.
According to a press release, Harrison Street, Ryan Companies and Life Care Services, the sellers, chose a joint venture between all cash, undisclosed capital source and a multi-state regional operator as the buyer out of seven bids.
Blueprint coordinates three community deal
Blueprint organized and coordinated the trade of three assisted living communities in Elkhart, Kokomo and Madison, Indiana.
According to a press release, the buyer plans to reposition the communities as “the premier affordable option in their respective markets.”
The communities were all built in the late 1990s and struggled operational, the release said.
SLIB sells Indiana assisted living community
Senior Living Investment Brokerage announced it facilitated the sale of Vermillion Place, located in Anderson, Indiana, on Nov. 21.
The community was family owned and the owner was looking to divest. The buyer is a private owner, with the transaction being their first acquisition into ownership.
The community consists of 45 units and is located 30 miles northeast of Indianapolis.
Blueprint aids in sale of two memory care units
The owners of two memory care units in Virginia brought Blueprint on to advise the sale of the communities.
According to a press release, Blueprint solicited multiple offers for the combined 128 and selected an acquirer seeking to scale a regional management platform.
Acquisitions
United Church Homes acquires Ohio Living community
United Church Homes is expanding its footprint through the acquisition of Ohio Living’s Vineyard on Catawba on Nov. 10.
Following the acquisition, the community was rebranded to The Parkvue Community on Catawba.
The community consists of 40 low-income housing tax credit apartment homes, 10 independent living condos and 12 assisted living apartments.
Companies featured in this article:
A Place for Mom, Blueprint, Moravian Manor, Morningstar Living, United Church Homes, USAA, Walker & Dunlop
