Senior Living Dealbook: Senior Living Residences Partners with RiverGlade Capital; BWE Arranges $101M Loan 

Transactions

Senior Living Residences partners with RiverGlade Capital

Senior Living Residences has partnered with RiverGlade Capital, a private equity firm focused on healthcare and healthcare adjacent sectors.

Senior Living Residences will “continue to operate under its current name and leadership team, with the acquisition expected to aid in the company’s growth strategy,” a press release states.

Terms of the transaction were not disclosed.

200-unit community sold to National Healthcare Properties

JLL Capital Markets announced it arranged the sale of Sonata at Viera, a 200-unit, Class A senior housing campus in Melbourne, Florida.

The community was sold by AEW Capital Management to National Healthcare Properties (Nasdaq: NHP), according to a press release.

AgeWell Senior Living will remain on as the third-party operator.

Pennant Group acquires Mainplace Senior Living

The Pennant Group, Inc. (NASDAQ: PNTG) has acquired the real estate of Mainplace Senior Living, a senior living community located in Orange, California.

A Pennant affiliated subsidiary has operated Mainplace under a triple-net lease since a spin-off in 2019, a press release states.

“We are thrilled to add Mainplace’s real estate to Pennant’s growing real estate portfolio,” Brent Guerisoli, CEO of Pennant, said in the release. “Our affiliated operators know this community, its team and the market well, making this a compelling opportunity to pair an established operating relationship with ownership of an attractive real estate asset.

Citrine Investment Group sells 106-unit community

Citrine Investment Group announced the sale of River Glen of St. Charles, a 106-unit senior living community in St. Charles, Illinois.

Citrine acquired River Glen in January 2023, according to a press release.

The community was sold to “a long-term institutional owner of senior housing communities,” the release states.

American Healthcare REIT announces acquisition

Cushman & Wakefield advised on the disposition of The Residence at Glastonbury, a Class A senior housing community in Glastonbury, Connecticut.

American Healthcare REIT acquired the community, with LCB Senior Living retained as the operator, a press release states.

The assignment was led by Cushman & Wakefield Vice Chairs Joshua Jandris and Brett Gardner, along with Managing Director Jason Skalko and Director Robert Bracci, according to the release.

173-unit community near Manhattan trades hands

JLL Capital Markets arranged the sale and financing for Allegro Harrington Park, a 173-unit, Class A seniors housing community located roughly 40 minutes from Manhattan.

The community was developed by Allegro and PGIM and offers a variety of luxury amenities, including five dining venues, wellness areas, a movie theater, art studio, salon and spa, library, garden room and an indoor and outdoor pool, according to a press release.

JLL represented the seller, a joint venture between PGIM and Allegro Senior Living, in the sale of the property to a joint venture between AEW Capital Management and Foundry Commercial, the release states.

Four-cottage community under new ownership

Blueprint announced its involvement in the sale of Cottages of Fox Lake, an assisted living and memory care community in Fox Lake, Illinois.

The community is comprised of four separate cottages, two dedicated to assisted living and two offering specialized memory care, giving residents an intimate, residential-style setting and a continuum of care within a single campus, according to a press release.

The community was sold by an East Coast-based private equity group to a private equity buyer paired with Charter Senior Living, the release states. Charter has managed the community since 2018.

The Fountains of Hope sold

Senior Living Investment Brokerage announced it sold The Fountains of Hope, a 107-unit assisted living and memory care community located in Sarasota, Florida.

The community was originally built in 2016, according to a press release.

The community saw over 10 bids, with a publicly traded owner-operator from the court-appointed receiver, the release states.

Financings

BWE arranges $101M bridge loan

BWE secured a $101 million bridge loan to refinance RISE at Glen Kernan Park, a newly delivered 308-unit luxury active adult community in Jacksonville, Florida.

The loan allows the community to “retire the senior construction loan and the mezzanine loan, along with funding an interest and carry reserve while the property is leasing up,” according to a press release.

Andy Effler, a senior vice president and partner on BWE’s Columbus team, lead the origination.

$39M secured for four communities

Berkadia announced it secured approximately $39 million in HUD financing for four seniors housing communities located in Alabama, California, Florida and Oregon.

The closings include $16.7 million HUD loan for a 120-bed skilled nursing facility in Plantation, Florida; $13.3 million in HUD financing for a 37-unit seniors housing community in Northern California; a $3.78 million HUD loan for a 27-unit assisted living community in Oregon on behalf of a repeat client based in Idaho; and a $5.39 million HUD loan for a 32-unit seniors housing community in Alabama, according to a press release.

The transactions were originated by Managing Director Ed Williams of Berkadia Seniors Housing & Healthcare, according to the release.

CFG finances more than $413M across 24 transactions

CFG announced the closing of 24 transactions totaling more than $413 million executed from late June through late August 2026.

A press release states “the financing supported 54 skilled nursing and assisted living communities, as well as a multifamily portfolio, across 13 states.”

“This level of activity across our healthcare lending platform speaks to the momentum we’re building nationally and the trust operators continue to place in CFG as a long-term financing partner,” Erik Howard, President of CFG Bank, said in the release. “As the skilled nursing and senior living sectors keep evolving, our ability to move quickly and structure creatively is what sets us apart.”

$21Min financing closed for Oaks at Eagle’s Landing

JLL Capital Markets announced it closed $21 million in acquisition financing for Oaks at Eagle’s Landing, a 122-unit seniors housing community in Stockbridge, Georgia.

JLL worked on behalf of the borrower, 1031 CF Properties, to secure the acquisition loan through Old Second National Bank, a press release states.

The JLL Seniors Housing Capital Markets team representing the borrower included Senior Director Sam Dylag and Analysts Erik Von Hamm and Caroline McClelland.