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 […]
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Blueprint sells Atlanta senior housing community Blueprint was contracted in the sale of a 37-unit assisted living and memory care community in a submarket of Atlanta, Georgia. According to a press release, Blueprint leveraged its experience in selling a similar portfolio in 2023, and advised the client to choose “ a repeat buyer with a […]
Announcements PointClickCare announces launch of Pharmacy Connect PointClickCare Technologies, a healthcare technology platform, announced the launch of Pharmacy Connect, a service designed to simplify medication management for senior housing communities. According to a press release, the service “bridges the collaboration and transparency gaps between pharmacies and senior living communities” by offering a streamlined solution to […]
Acquisitions IRA Capital acquires $41M, 140-unit community IRA Capital, a private equity firm, announced that on Dec. 21 it had acquired the 140-unit San Clemente Villas by the Sea. According to a press release, the acquisition cost $41 million, and IRA Capital plans to invest additional capital to “elevate the senior living experience” at the […]
BWE Investment Sales is expanding in the senior housing sector through the launch of a new investment platform headed up by a former JLL managing director.. BWE on Tuesday , announced the launch of the new platform, BWEIS Seniors. The platform is headed by Charles Bissell, who previously worked as managing director at JLL and […]
Financings KeyBank Provides $9.9M financing KeyBank Community Development Lending and Investment provided $9.9 million in low-income housing tax credit equity to finance the conversion of the Margaret Wagner Senior Apartments in Cleveland Heights, Ohio. The development will create 20 new apartments through the adaptive re-use of the first floor of Margaret Wagner House and preserve […]
Transactions Legend Senior Living to Manage Pennsylvania Community Legend Senior Living announced it will assume management of a Pennsylvania-based senior living community marking the fifth community Legend manages in the Keystone State. Located in the central Pennsylvania community of Mechanicsburg, the community – previously called The Landing of Southampton Personal Care and Memory Care – […]
Transactions Watermark Takes Over Management of Almaden Watermark Retirement Communities announced it has assumed the operational responsibility of a California-based senior living community and has added the community to its signature program. The community – now called The Watermark at Almaden – is located in San Jose, California is Watermark’s ninth in the Northern California […]
Financings Oxford Finance Group Closed $867 Million Oxford Finance Group announced that its healthcare real estate group closed on $867 million worth of capital commitments in 2022 – a record for the Alexandria, Virginia-based company. Oxford Finance’s deals slanted heavily toward skilled nursing assets but also included an $81 million term loan and an $8.5 […]
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