Transactions Blueprint advises on sale of Michigan community Blueprint announced it advised a real estate investment trust in the sale of an assisted living and memory care community in Wyoming, Michigan on April 4. According to a press release, the community was built in 2015 and consists of 102 units. The seller selected a Virginia-based […]
Category: Acquisitions
Privately owned real estate and private equity firm Pacifica Companies has purchased a 15-community portfolio from Retirement Housing Foundation. That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, which advised on the $180.5 million transaction for the non-profit. The purchased portfolio represents “the majority of RHF’s presence in market-rate senior […]
Primrose Retirement Communities is shifting its growth strategy in a difficult development environment, with a current focus on growing in smaller, mid-level markets. With the acquisition of The Addison of Pleasant Prairie on Feb. 1, the Aberdeen, South Dakota-based company has grown to 34 communities in 17 states. Since the company’s founding in 1989, its […]
Welltower Inc. (NYSE: WELL) is acquiring a 25-community active adult portfolio with larger plans to create a programmatic development agreement with Affinity Living Communities. The portfolio consists of 3,900 units, mostly concentrated in the Pacific Northwest, according to a press release on the transaction. Affinity will continue to manage the portfolio when it changes hands. […]
Senior living operator Retirement Unlimited, Inc. (RUI) is acquiring Brandywine Living, a move that brings its total to 59 communities under management. Current RUI CEO William Fralin and President Doris-Ellie Sullivan are slated to keep their titles with the new company. With the move, RUI is deepening its presence in the Northeast and Mid-Atlantic regions […]
The slowdown in senior living M&A continued into the third quarter of this year, representing the slowest period for industry deal-making since 2021. That’s according to an Oct. 16 M&A update from Irving Levin Associates. According to the company’s latest data, industry players inked just 115 deals in the third quarter of 2023, totaling an […]
Senior assistance platform SilverAssist is expanding its services through the acquisition of care navigation and referral company Oasis Senior Advisors. The acquisition allows SilverAssist to now offer “white-glove national and local services.” Oasis has 130 franchise locations across the U.S., and helps older adults and their families find senior living communities along with services such […]
AgeWell Solvere Living is undergoing another growth spurt this year. The North Palm Beach, Florida-based company on Tuesday announced the acquisition of Sonata Senior Living, another Florida-based senior living operator. AgeWell Solvere is slated to take ownership of the operating companies that manage Sonata’s 14 communities starting Nov. 1. The terms of the deal were […]
Balfour Senior Living has become an affiliate of Kisco Senior Living, creating a combined entity of 35 communities with more than 5,000 apartments. The two privately held companies announced the transaction on Oct. 13, but did not disclose any financial details. Going forward, Kisco Founder and CEO Andy Kohlberg will serve as CEO of the […]
Former National Basketball Association (NBA) star Lamar Odom’s senior living referral business, Odom Senior Care, has been acquired by ZNest.com, according to a news release published on Wednesday. In an interview with Senior Housing News, Odom said he wants to bring more transparency to the industry to help prospective residents understand pricing, amenities and care […]
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