Transactions and Financings: Sinceri Expands to Seven Locations; Liberty Adds Community to Portfolio


Charter Senior Living now managing 13 Illinois, Wisconsin communities

Charter Senior Living announced it is now the management company for 13 senior living communities in Illinois and Wisconsin.

According to a press release, the communities were previously managed by Cedarhurst.

The announcement follows recent growth from Charter Senior Living, including two gorundbreakings in West Bend, Wisconsin and Murray, Kentucky, which are set to open later this year.


Liberty Senior Living adds to management portfolio

Liberty Senior Living announced it has added Kempton of Rock Hill to its management portfolio effective May 30.

The assisted living, memory care and respite care community was previously known as HarborChase of Rock Hill.

Under Liberty Senior Living, the community will provide its residents with access to INSPIRE, a comprehensive and multi-dimensional wellness program.



Sinceri Senior Living expands

Sinceri Senior Living announced it has expanded its reach with seven new locations.

According to a press release, the communities are in​​ Kentucky, Indiana and Ohio.

“We are delighted to welcome The Magnolia Springs communities into the Sinceri family,” Chris Belford, CEO of Sinceri, said in the release. “This expansion aligns seamlessly with our commitment to providing exceptional care and enriching experiences to seniors across the nation.”


JLL arranges sale of Texas community

JLL Capital Markets announced it arranged the sale of Sage Spring Senior Living on May 29.

According to a press release, the 90-unit assisted living and memory care community opened in December 2020 and was stabilized at time of sale.

The seller was a joint venture between Bow River Capital and Investcor. The buyer was Inspired Healthcare Capital.

Walker and Dunlop announces two closings

Walker and Dunlop Investment Sales announced two recent closings in Colorado and Ohio.

According to a press release, Lakeview Senior Living was sold on April 25. The 125-unit independent living community was acquired by Livingston Street Capital.

On May 9, the 100-unti American House Macedonia was sold to Sonida Senior Living.

SLIB closes on three communities

Senior Living Investment Brokerage recently announced the closings of three senior living communities.

According to a press release, on April 19 the brokerage closed on a 70-unit community in Sharpsburg, Georgia. The seller was a group of EB-5 investors, and the buyer was a Midwest-based developer, with this being their first acquisition in Georgia.

On May 2, a 121-unit independent living, assisted living and skilled nursing community in Fairfield Bay, Arkansas was sold by a regional operator to a regional-based owner strategically adding to their portfolio throughout Arkansas.

On May 24, SLIB facilitated the sale of a 42-unit community with “a great reputation in the local market.” The seller was Insignia Senior Living, who is selling its U.S.-based assets. The buyer was looking to expand through Georgia.

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