Transactions and Financings: Highgate Senior Living Taps Rehab Partner; CFG Closes $26.2M Refinance

Partnerships Highgate Senior Living taps rehab services partner Highgate Senior Living announced on July 16 it has selected HealthPro Heritage to provide rehabilitation services at its communities. According to a press release, HealthPro Heritage will be providing physical, occupational and speech language therapy for residents alongside fall prevention, memory care and care coordination programming. “We […]

Transactions and Financings: FellowshipLife Acquires Fifth Community; BWE Secures $47M for Refinancing

Transactions FellowshipLife acquires fifth community FellowshipLife, a New Jersey-based nonprofit, announced it has added Applewood Village into its network of communities, expanding its portfolio to five. According to a press release, Applewood Village was owned and operated by CentraState Healthcare System, and the community will still maintain ties with CentraState as “a preferred provider of […]

Brightview Senior Living Spins Up New $200M Fund, Continuing Development Push

With its 47th community now open, Brightview Senior Living is plotting its next growth chapter, including by spinning up its next fund with a target of over $200 million. The Baltimore-based company in June opened its newest community, Brightview Hunt Valley, in Maryland’s Baltimore County. The 179-unit community offers independent living, assisted living and memory […]

Welltower Announces $750M Private Offering to Repay Debt, Fund Senior Living Investments

Welltower (NYSE: WELL) is seeking additional capital with which to pay down loans and invest in new senior housing assets. The Toledo, Ohio-based real estate investment trust (REIT) on Monday announced that its operating company, known as “Welltower OP,” has launched a new $750 million private placement offering. The initial purchasers also have an option […]

Transactions and Financings: Life Care Services Adds Community; SRI Management Enters North Carolina

Management Life Care Services to manage Florida community Life Care Services announced it has been selected as the management partner for Amavida, a resort-style senior living community in Fort Myers, Florida. According to a press release, the community was recently purchased by a private investment firm and offers independent living, assisted living and memory care […]

Transactions and Financings: Berkadia, Poppy Bank Close $329M; Covenant Adds Two Communities

Financings Berkadia, Poppy Bank close over $329 million Berkadia Seniors Housing and Healthcare announced it has worked with Poppy Bank to close on over $329 million of bridge debt in April, May and June. According to a press release, the total includes 12 properties totaling 1,597 units. “We are fortunate to have a longstanding relationship […]

Focus Sees ‘Best’ Senior Living Investment Conditions in Years After New Fund Launch

Focus Healthcare Partners is seeing an environment that is ripe for new investments and acquisitions following the recent completion of fundraising a $370 million fund. Called Focus Senior Housing Fund II LP, the new fund is around 20% larger than the firm’s previous fund completed in 2021 and took around two years to complete. The […]

Transactions and Financings: IRA Capital Acquires Seattle Community; Lument Closes on $9M Loan

Transactions IRA Capital acquires Seattle community IRA Capital, a California-based private equity firm, announced its acquisition of Quail Park of Lynnwood on June 12. According to a press release, the community is 253 units and was developed in two phases in 2013 and 2020. The release states the all-cash acquisition expands the firm’s healthcare portfolio […]

Transactions and Financings: Legend Increases Portfolio to 59; Walker & Dunlop Closes on Midwest Portfolio

Management Legend Senior Living increases portfolio to 59 Legend Senior Living announced it has assumed the management of four senior living communities in Florida, bringing its total portfolio up to 59. The communities were previously managed by Harbor Chase and have been renamed to The Gables. The new communities further expand Legend’s footprint within Tallahassee, […]