Transactions
SlateView Capital closes second acquisition
SlateView Capital, a new real estate investment firm focused exclusively on senior housing, closed on the acquisition of Parkview Estates, marking its second community.
The 151-unit assisted living and memory care community is in Fountain Valley, California, and was completed in 2021, according to a press release.
SlateView’s southern California portfolio now totals 307 units.
“Parkview Estates is the kind of community we built SlateView to acquire: high-quality real estate in a strong market where thoughtful investment and active ownership can make a difference,” Managing Partner Azhar Jameeli said in the release.
Sunrise Senior Living under new ownership
BDT & MSD Partners has acquired a majority stake in Sunrise Senior Living as part of a $1 billion deal.
Sunrise today operates more than 230 communities across the United States and Canada and serves about 22,000 residents.
Read more on Senior Housing News.
38-building portfolio sold for $90M
Blueprint facilitated the sale of a 38-building medical outpatient portfolio across Central Pennsylvania for $90 million.
The portfolio was sold by owner D&C Realty, the real estate ownership group of a large, regional independent primary care group, according to a press release.
At closing, a new 15-year absolute NNN master lease was signed by the tenant, Family Practice Center PC, across 30 single-tenant locations and 8 multi-tenant locations, the release states.
Financings
BWE secures $28.3M for Columbus community
BWE announced it secured a $28.3 million loan to finance Grove City Senior Living, a community in the Columbus, Ohio metropolitan area.
The loan will be used to take out existing construction debt and return equity to investors as the borrower plans for a long-term hold of the property, a press release states.
Taylor Hawkins, senior vice president in BWE’s Cleveland office, originated the financing from Fannie Mae on behalf of an Ohio-based developer of senior housing, the release states.
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