by Steph Mallozzi | Aug 16, 2024 1:21 pm | Acquisitions
Marcus & Millichap arranged the sale of a 44-unit affordable seniors housing community, Olivetree Senior Citizen Apartments, in Olivehurst, California. Aaron Moayed and Isaak Heitzeberg handled the transaction. There were multiple competitive bids, with the... Read More »
by Steph Mallozzi | Aug 15, 2024 3:54 pm | Acquisitions
CBRE handled the sale of Chesapeake Bay, an active adult community with 348 apartments and cottages in Seabrook, Texas. The community’s initial phase leased quickly and maintained strong occupancy, prompting the developer to add 90 cottages in late 2023 to meet market... Read More »
by Steph Mallozzi | Aug 15, 2024 3:53 pm | Acquisitions
Saint Therese, a Minnesota-based not-for-profit senior care organization, engaged Blueprint in its divestment of its CCRC in a northwest Minneapolis submarket. Originally built in 1967, Saint Therese of New Hope comprises 221 independent and assisted living units and... Read More »
by Steph Mallozzi | Aug 15, 2024 3:51 pm | Financings
JLL arranged a $52 million refinancing for Atria Newport Beach, a 168-unit senior living community in the Newport Beach enclave of Orange County, California. The Class-A asset was built in two phases with the north building fully renovated in 2023, while the south... Read More »
by Steph Mallozzi | Aug 15, 2024 3:49 pm | Financings
BWE secured $11 million in C-PACE financing for a Class-A seniors housing community in Tennessee. Built in 2022, Cloverland Park is a 100-unit, three-story assisted living and memory care community in Brentwood. The funds will be used to pay down and extend the... Read More »