Unlock Health acquires SPM Group
Unlock Health, a healthcare and technology and services growth platform, announced it has acquired SPM Group, a network of health and healthcare agencies.
Among the agencies included in SPM Group are SPM, GLC, Dreamscape and Centretek from Corridor Capital, LLC. Financial terms of the transaction are not available at this time.
Following the transaction, Unlock Health is now the largest health services growth marketing platform in the U.S., serving more than 350 clients.
Lutheran Senior Services to acquire St. Louis Home Health
Nonprofits Lutheran Senior Services and St. Louis Home Health have announced an agreement in which LSS will acquire STL-HH.
According to a press release, the transaction is expected to close at the end of December.
“We’re proud to welcome St. Louis Home Health to the LSS family and will continue to serve their current orthopedic patients regardless of their age,” Adam Marles, president and chief executive officer of LSS said in the release.
Standard Communities expands portfolio through public-private partnership
Affordable housing developer Standard Communities led a public-private partnership to acquire Huntington Towers in Mount Prospect, Illinois.
According to a press release, the transaction extends affordability for the 214-unit community for 30 years.
The total capitalization of the transaction is approximately $74.9 million, including $16.1 million
in planned renovations. Following the transaction, the community will be renovated.
SLIB facilitates sale of Mississippi assisted living community
Senior Living Investment Brokerage facilitated the sale of Avonlea Assisted Living, a Tupelo, Mississippi community.
The 68-unit community was built in 1999 and renovated in 2005.
The seller was a publicly traded real estate investment trust, and the buyer was a regional owner and operator based in Mississippi.
SLIB facilitates sale of two-property Georgia portfolio
Senior Living Investment Brokerage facilitated the sale of a two-property senior living portfolio in Jefferson and Norcross, Georgia.
The two communities were 50 miles apart from each other and combined are a 151-unit assisted living and memory care portfolio.
The seller chose to divest the asset to focus on communities that align with its current footprint, and the buyer is a Southeast-based owner and operator looking to add to its existing footprint.
Walker Dunlop Investment Sales sells 172-unit community
Walker Dunlop Investment Sales announced on Dec. 6, it successfully sold Grand Living at Lakewood Ranch in Sarasota, Florida.
The 172-unit community offers assisted living, memory care and independent living options for residents and was inaugurated in 2019.
The sellers were Ryan Companies US, Inc., and the buyers was an Institutional Core Fund.
Blueprint engaged in sale of 80-unit Wisconsin community
Blueprint was engaged in the sale of an 80-unit assisted living and memory care community in Appleton, Wisconsin.
The community was opened in the 1990s and the impacts of Covid led the seller to re-prioritize its portfolio.
The community was purchased by incumbent operator Health Dimensions Group.
SLIB helps sell 140-unit California community
Senior Living Investment Brokerage facilitated the sale of a 140-unit assisted living and memory care community in San Clemente, California.
The community was built in 2002.
The seller’s family developed and managed the community, and plans to leave the senior housing sector. The buyer was a private equity group based in Southern California, who plans to make “significant investments” in the community.
Eads Investment Brokerage sells 167-unit nonprofit community
Eads Investment Brokerage represented a regional nonprofit in the sale of a skilled nursing and independent living campus in southern Illinois.
According to a press release, the sale helps stabilize the non-profit’s portfolio.
The buyer is a regional operator with efficiencies in the immediate market.
JLL Capital Markets secures $35 million for senior community project
JLL Capital Markets announced on Dec. 6 it had secured $35 million in financing for The Arbella at Bramble Hill in Worcester, Massachusetts.
The to-be-built development will consist of three elevator-serviced buildings and offer one- and two-bedroom apartments.
The 123-unit community will focus on servicing active adults.