Transactions Sonida acquires previously unopened community Sonida Senior Living announced it purchased a senior living community located in Cincinnati, Ohio on Jan. 6. According to a press release, the “upscale and amenitized asset” was completed in 2021 but never opened due to a foreclosure on the construction borrower. The community is located adjacent to Sonida’s […]
SLIB
Transactions Continuum Advisors sells 37-acre campus Continuum Advisors announced its involvement in the sale of The Oaks at Bartlett, a 283-unit senior housing community near Chicago. According to a press release, the 37-acre campus consists of 10 cottages, 154 independent living apartments, 49 assisted living units, 16 memory care units and 54 skilled nursing units. […]
Transactions 12 Oaks acquires 200-unit community 12 Oaks Senior Living announced its acquisition of West Fork Village, a 201-unit independent living community in Irving, Texas on Dec. 11. According to a press release, the community has been managed by 12 Oaks since 2018 and is the company’s first owned community in “many years.” “This step […]
Editor’s note: Below is a collection of transactions and financings that include memory care components from September to early December 2024 Anthem Memory Care assumes management of California community Anthem Memory Care announced on Oct. 7 it has assumed management of Willow Springs Memory Care in Redding, California. According to a press release, Anthem Memory […]
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 […]
Financings CBRE arranges refinance CBRE announced it arranged a refinance for Carlton Senior Living San Leandro in California. According to a press release, the refinance will allow the company to “reconstitute its original joint venture ownership into a closely held Tenant-in-Common (TIC) ownership structure.” The community was originally built in 1997 and has a total […]
Financings CFG closes on four deals, totals $76M Capital Funding Group announced it closed on four transactions totaling $76 million throughout September. According to a press release, the financing supported 16 skilled nursing communities. The financing was executed on behalf of nationally recognized borrowers, the release states. BWE secures refinance for Gentry Park Orlando BWE […]
Transactions The Ensign Group acquires Nebraska campus The Ensign Group announced on Oct. 2 that it acquired St. Joseph Rehabilitation and Care Center and Skyview Villa Assisted Living. According to a press release, both communities are in Norfolk, Nebraska. The acquisition brings Ensign’s portfolio to 324 healthcare operations, 30 of which also include senior living […]
Transactions SRG acquires acquires Los Angeles community Senior Resource Group announced on Oct. 1 it acquired Fountainview at Gonda in Playa Vista. The community was previously owned and operated by Los Angeles Jewish Health, according to a press release. Following the acquisition, the community has been renamed to Avocet Playa Vista. Avocet Playa Vista offers […]
The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points, setting the stage for an uptick in senior living lending and dealmaking. With the Fed’s announcement Wednesday, the U.S. central bank lowered the target range for federal funds to 4.75% to 5%. The Fed had previously held off on enacting rate cuts […]
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