Transactions Berkadia sells three upscale communities Berkadia announced on Dec. 6 that it sold three upscale assisted living and memory care communities in the Chicago and Milwaukee metropolitan areas. According to a press release, the 306-unit transaction included Heartis of Orland Park, Heartis Village Brookfield and Heartis Village North Shore. Berkadia represented the seller, a […]
Berkadia
Last week, the U.S. Federal Reserve cut interest rates by 50 basis points, lending new cautious optimism for companies looking to grow in 2025. While the bigger impacts of those cuts likely won’t be felt until early next year – and likely not until larger rate cuts down the road – they do offer “psychological […]
Transactions Atlas acquires three Orlando communities Atlas Senior Living and affiliate company Salta Capital announced it acquired three senior living communities in Orlando, Florida submarkets on July 22. According to a press release, the acquisition “underscores Atlas Senior Living’s commitment to expanding its footprint and enhancing senior living solutions in Florida and the Southeastern U.S.” […]
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, […]
Partnerships 12 Oaks partners with August Health 12 Oaks Senior Living announced a strategic partnership with August Health to enhance its care and compliance capabilities. According to a press release, the initiative will leverage advanced health data analytics and integrated care platforms to deliver personalized care to residents and provide a focus on value based […]
Financings Nebraska startup Dwellr raises initial round of funding Nebraska-based startup Dwellr has raised $500,000 in funding to “transform the way families find senior care.” The funding was led by Move Venture Capital and Invest Nebraska. With the funding, Dwellr is preparing to expand its services following an initial launch in cities in Nebraska, Iowa, […]
Financings Ziegler Closes $212.9M financing Chicago, Ill.-based investment bank Ziegler announced the successful closing of Seafields at Kiawah Island’s $212.93 million series 2023 bonds. The community will be a licensed continuing care retirement community and is planned to include 90 IL units and 16 AL units. Amenities include full-service dining, bar, bistro, outdoor infinity pool, […]
Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]
Transactions Health Dimensions Group Begins Management of Communities Health Dimensions Group (HDG) announced it provided management services in addition to day-to-day operational oversight to two senior living communities in the northern Midwest. The communities – Stoney River of Marshfield, Wisconsin and Stoney River of Ramsey, Minnesota – are assisted living and memory care communities. Both […]
Acquisitions Strawberry Fields REIT Agrees to 24-Facility Purchase Strawberry Fields REIT announced that it has entered into a purchase and sale agreement with an unaffiliated seller for 24 health care facilities, all of which are located in Indiana. The facilities are comprised of 19 skilled nursing facilities and five assisted living communities. The portfolio is […]
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