Transactions Front Porch acquires development advisory company Front Porch Communities and Services has acquired development advisory company Arch to serve as its in-house development company. Alongside managing Front Porch’s capital projects, Arch will “support existing clients and foster new ones, managing building projects in senior, learning and healing environments,” according to a press release. Arch […]
Berkadia
Transactions Stellar Senior Living expands with six communities Stellar Senior Living has added six communities into its portfolio, bringing its total to 42. The communities, located in Phoenix, Tucson, Peoria, Scottsdale and Albuquerque, house around 900 residents and have more than 450 team members. Alongside the growth, Stellar is expanding its partnership with Diversified Healthcare […]
Transactions Jaybird expands with five communities Jaybird Senior Living has added five communities into its portfolio, each offering assisted living and memory care services. The communities include The Retreat at Sunbrook and The Retreat at SunRiver in St. George, Utah, The Landings of Kaukauna in Kaukauna, Wisconsin and Autumn Grace and Water’s Edge in Mankato, […]
Transactions Town Lane purchases Venice community New York-based real estate investment firm Town Lane has purchased The Goldton at Venice. The transaction marks Town Lane’s third senior living acquisition in the region, according to reporting from Business Observer. The 167-unit community was sold by Venice Health Partners LLC. Blueprint facilitates Alabama sale Blueprint announced its […]
Transactions JLL sells Atria community JLL Capital Markets announced it sold Atria at Foster Square, a 155-unit senior living community in Foster City, California. The community was built in 2016 as part of a mixed-use master-plan town center development, a press release states. Artemis Real Estate Partners bought the property in partnership with Atria Senior […]
Transactions Stellar closes first joint venture Stellar Senior Living announced it closed on its first joint venture with $20 million in capital commitments. The joint venture will provide the funding needed to acquire between 10 and 15 communities, according to a press release. The first acquisition through the joint venture is The Grand at Broomfield […]
Transactions Chartwell Retirement Services grows in Ontario Chartwell Retirement Services announced it is expanding its presence in Ontario with the purchase of six senior housing communities. The portfolio consists of 1,024 suites across London, Waterloo and Mississauga and was purchased for $432 million, according to a press release. “This acquisition represents a significant strategic expansion […]
Transactions Stellar Senior Living expands in Arizona Stellar Senior Living announced it has expanded its Arizona footprint with the addition of La Sonora at Dove Mountain in Marana, Arizona. The community offers assisted living, independent living and memory care services, a press release states. Features include “upscale amenities, restaurant-style dining, spacious apartments and an active […]
Transactions LCS assumes management of Hearthwood Senior Living LCS has assumed management and renamed Hearthwood Senior Living, formerly The Oaks at Bartlett in Bartlett, Illinois. The community has been converted to a rental model rather than requiring entrance fees, according to a press release. The release adds the changes to Hearthwood’s operations makes it the […]
Transactions Senior Living Communities acquires 16th community Senior Living Communities announced it has acquired its 16th community in The Gables, a community in Greenville, South Carolina. The expansion “strengthens the company’s presence in the Upstate region and furthers its mission to deliver exceptional, person-centered care to seniors and their families,” a press release states. Senior […]
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