High-Priced Sale Closes in Chicago
The bar keeps getting raised for pricing in the seniors housing industry, and we believe a new record has been set for a property sale in Chicago, Illinois. It was revealed that the seven-story Belmont Village Lincoln Park was bought by CBRE Investment Management for approximately $151 million, according to property tax records. Based on a lower unit count than the original 149 units that were developed, after some unit combinations over the years, that equates to around $1.2 million per unit, or possibly even higher than that. In addition to its prime location adjacent to a mixed-use development in the Lincoln Park neighborhood, the community was relatively new (built in 2019), and... Read More »
Developer Sells Its AL/MC Community to a Public REIT
Affiliates of Triple Crown Senior Living divested Bridgepointe Gardens, a seniors housing community in Jeffersonville, Indiana, that the company developed, owned and operated. This was the first ground-up development and full-cycle realization the group has completed. The Class-A purpose-built assisted living/memory care community was built in 2022 and demonstrated a compelling lease-up and margin expansion story. Kyle Hallion, Connor Doherty and Ryan Kelly of Blueprint launched the marketing process in the third quarter of 2025, generating multiple offers within the initial 30-day marketing window. The seller ultimately selected a public REIT as the buyer, based on its pricing and a... Read More »
Senior Living Portfolio Trades in Colorado
Ownership of a well-performing senior living portfolio in Colorado recently transferred. Bonaventure Senior Living, a Pacific Northwest senior living provider, sold four of its communities to Oakmont Senior Living, a California-based operator with a growing national footprint. Bonventure decided to divest in order to concentrate its operational resources and capital on the Pacific Northwest. The company’s portfolio now encompasses 24 communities, all of which are located across Washington, Oregon, and Idaho. Terms of the transaction were not disclosed. Read More »
Public REIT Lands Portfolio in Competitive Sale
A portfolio of Class-A seniors housing communities sold in the Southeast to an undisclosed publicly traded REIT. Featuring six assets in Georgia and South Carolina, the portfolio totaled 156 independent living, 200 assisted living and 70 memory care units. The communities were built between 2017 and 2022 by a Southeast-based developer. Occupancy was around 83% across the portfolio. The bidding environment was very strong for the deal (Class-A portfolios are certainly in vogue these days, particularly when they have a full continuum of care), and a publicly traded REIT that primarily focuses on seniors housing and healthcare assets emerged from the pack, beating 20 other bids. Dan Geraghty,... Read More »
Regional Owner/Operator Acquires Ocala AL Community
The third and final asset in the Hampton Manor portfolio has sold with the help of Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage. Hampton Manor Deerwood in Ocala, Florida, was built in 2005 and expanded in 2016 to now feature 61 units of assisted living. The property is stabilized, so the new owner can hit the ground running with its operational plan. It was previously owned by a partnership between a Florida-based capital provider and a regional operator. The sale of two other assets in the portfolio closed in September 2025, while the Ocala property was awaiting HUD TPA approval. A regional owner/operator bought it for an undisclosed price. Public records showed... Read More »Schedule a demo
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