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, […]

Transactions and Financings: Sinceri Expands to Seven Locations; Liberty Adds Community to Portfolio

Management Charter Senior Living now managing 13 Illinois, Wisconsin communities Charter Senior Living announced it is now the management company for 13 senior living communities in Illinois and Wisconsin. According to a press release, the communities were previously managed by Cedarhurst. The announcement follows recent growth from Charter Senior Living, including two gorundbreakings in West […]

Transactions and Financings: JLL Secures $18.7M for Minn. Community; Blueprint Sells Atlanta Community

Financings JLL Capital Markets secures $18.7M for Minnesota community JLL Capital Markets announced it secured $18.7 million in HUD funding for Elk River Senior Living in Elk River, Minnesota. According to a press release, the financing consolidates five debt obligations that were part of the project’s construction. The community was built in 2018 and is […]

Transactions and Financings: Healthpeak, Physicians Realty Merger Approved; 5-Community Portfolio Changes Hands

Mergers Healthpeak Properties, Inc., Physicians Realty Trust approved to merge Healthpeak Properties, Inc. and Physicians Realty Trust announced on Feb. 21 that stockholders and shareholders for the respective companies have voted to approve a merger. According to a press release, the transaction is expected to close on March 1. The company will operate under the […]

Transactions and Financings: PointClickCare announces Pharmacy Connect Launch; PruittHealth Acquires Brighton Gardens of Buckhead

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 […]

In the Pipeline: Watermark Leasing New California Project; Ohio Lifeplan Community Plans Active Adult

This content is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned JLL announces construction financing for California project  JLL Capital Markets announced the arrangement of a $51.1 […]

Transactions and Financings: PointClickCare Acquires American HealthTech; Anthem Adds Two Communities

Acquisitions Foundry Commercial acquires The Village at Keizer Ridge Real estate and investment firm Foundry has expanded its senior housing portfolio through the acquisition of The Village at Keizer Ridge. Following the acquisition, Foundry now owns 30 senior living communities with a total of 1,900 units alongside operating 57 communities. The Village at Keizer Ridge […]

Transactions and Financings: Ziegler Closes on $68.5M for Acts Retirement-Life Communities; Brookdale Secures $179.5M Refinancing

Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]

Transactions and Financings: IRA Capital Acquires 140-Unit Community; Ziegler Closes on $76.9M Bond Series for LPC 

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 […]

Transactions and Financings: Unlock Health Acquires SPM Group; JLL Capital Markets Secures $35M for Upcoming Community

Acquisitions Unlock Health acquires SPM Group Unlock Health, a healthcare and technology and services growth platform, announced it has acquired SPM Group, a network of health and healthcare agencies. Among the agencies included in SPM Group are SPM, GLC, Dreamscape and Centretek from Corridor Capital, LLC. Financial terms of the transaction are not available at […]