by Steph Mallozzi | Sep 26, 2024 3:24 pm | Acquisitions
Strawberry Fields REIT, Inc. acquired a senior care facility in Gainesboro, Tennessee, marking its 15th facility in the state. The facility comprises 83 skilled nursing beds and 28 assisted living units. It was added to an existing Infinity of Tennessee Master Lease.... Read More »
by Steph Mallozzi | Sep 26, 2024 3:23 pm | Acquisitions
Focus Healthcare Partners acquired two seniors housing communities in the Kansas City, Missouri MSA in an off-market transaction. Going forward, Evolve Senior Living will manage the communities. Built in 2020, Novel Place Blue Springs comprises 134 independent... Read More »
by Steph Mallozzi | Sep 26, 2024 3:22 pm | Uncategorized
LCB Senior Living announced that CEO Michael A. Stoller will be stepping down effective October 1 and that current CIO Danielle Breton and COO Timothy DuRoss have been named as co-CEOs moving forward. Stoller will remain active in the company as chairman of its board.... Read More »
by Steph Mallozzi | Sep 24, 2024 2:14 pm | Acquisitions
Blueprint was engaged by a local owner/developer in the divestment of its seniors housing community in the Seattle, Washington MSA. Built in 1997, Stafford Suites Kent features 63 assisted living units in the town of Kent. In the wake of operational challenges... Read More »
by Steph Mallozzi | Sep 24, 2024 2:13 pm | Financings
JLL Capital Markets arranged a $96.5 million refinancing for a seniors housing portfolio in Arizona. JLL worked on behalf of the borrower, Douglaston Development and The Hampton Group Inc., to secure the bank financing. The JLL Debt Advisory team representing the... Read More »