Senior Living Dealbook: Judge OKs Harborside Sale Out of Bankruptcy; Tutera Acquires, Reopens Chicago Community

Transactions New York CCRC approved for sale Harborside, a continuing care retirement community in New York, has been approved for sale by a bankruptcy judge. Court documents state the community has been acquired by Focus Healthcare Partners LLC. The documents state the community was acquired for a total of $82 million. Curt Schaller, co-founder and […]

Senior Living Dealbook: Blueprint Advises on California Portfolio Sale; MonticelloAM Provides $2.2B Financing in 2024

Transactions Blueprint sells 222-unit SNF Blueprint was contracted by nonprofit The Trousdale Foundation for the off-market sale of Westmoreland Health and Rehabilitation Center in Knoxville, Tennessee. The facility was originally built in 1959 and experienced a census drop caused by the Covid pandemic. According to a press release, a “growing regional provider” was selected as […]

Transactions and Financings: Welltower Acquires Two Communities for $42.7M; MonticelloAM Closes on $18M Loan

Transactions Welltower acquires two communities for $42.7M Welltower announced it has acquired Heartis Bucks County in Warminster and Heartis Yardley, both in Philadelphia, for a combined $42.7 million. According to reporting from the Philadelphia Business Journal, both communities have been leased to Legend Senior Living. Legend now operates 62 communities. ESI arranges sale of South […]