Kauhale Health has made its first acquisition, adding the assisted living and memory care community Vicinia Gardens of Otsego to its portfolio. Built in 2016, the community comprises 52 units and sits on 5.6 acres just south of Grand Rapids, Michigan. Kauhale Healthcare Real Estate, an affiliate of Kauhale, sponsored the acquisition. Locust Point Capital and Coastal States Bank provided debt for the transaction. Vicinia Gardens will be rebranded as Kauhale Otsego.
This is the company’s first acquisition as it advances its seniors housing investment and management strategy. Earlier this year Kauhale also took over management of the CCRC Vista Grande Villa in Jackson, Michigan. Founded in 2021, Kauhale is led by five principals with a combined 130 years of experience in senior living/post-acute care operations, acquisitions, operational transfers, and development. Its investment strategy is to pick off operational outliers that are newly constructed and owned by institutional investors.
