Active Adult Attracts Buyer in SoCal

Active adult communities continue to draw attention from investors, particularly those not traditionally involved with the more service-oriented property types like assisted living and memory care. Brad Goodsell and Jason Punzel of Senior Living Investment Brokerage recently represented a privately-owned multifamily group in its sale of a 320-unit age-restricted community in Hemet, California. The buyer […]

 

CBRE Refinances Luxury Texas CCRC

Four years after he arranged construction financing for a to-be-built rental CCRC in Houston, Texas, Aron Will of CBRE is refinancing the property on behalf of its owners, joint venture partners Bridgewood Property Company and Harrison Street Real Estate Capital. Located in the affluent Houston neighborhood of River Oaks, the property opened in 2017 with […]

 

JCH Sells Central California Senior Living Community

Jim Hazzard, Cindy Hazzard and Nick Stahler of JCH Senior Housing Investment Brokerage teamed up to sell a boutique assisted living/memory care community located on the central coast of California. Featuring over 20 units, the community was previously owned by a family owner/operator. But after a confidential marketing campaign conducted by JCH, a local owner […]

 

Maximus Healthcare Gets Mezzanine Financing

Contemporary Healthcare Capital has been on a roll lately, closing mezzanine loan after mezzanine loan for clients across the country. Its latest transaction saw the firm refinance a 165-bed skilled nursing facility in Newfane, New York owed by Maximus Healthcare Group, LLC. Maximus had announced its intent to acquire the aging facility in November 2014, […]

Blueprint’s Good Samaritan Sale

The Evangelical Lutheran Good Samaritan Society, a not-for-profit owner/operator, sold three of its skilled nursing campuses in northwest Illinois, near the Iowa border. Totaling 214 skilled nursing beds and 65 independent living/senior apartment units, the portfolio was well maintained and boasted good local reputations. The buyer will look to manage expenses and boost operational synergies […]