Inland Acquires Two Communities in Minnesota
The Inland Real Estate Group of Companies, Inc. acquired two seniors housing communities in Minnesota from Axial Real Estate Advisors LLC in an off-market transaction. Built in 2013, Kingsley Shores Independent Senior Living is in Lakeville and comprises 83 independent living, 49 assisted living and 22 memory care units. Occupancy was 91% at the time of closing. The community includes Kingsley Place, an active adult community with 55 units. Built in 2015, Savage Senior Living at Fen Pointe is in Savage and features 69 independent living, 30 assisted living and 24 memory care units. Occupancy was 98% at the time of closing. The Waters Senior Living will manage these communities moving... Read More »
Walker & Dunlop’s Transaction Trifecta
The Walker & Dunlop Seniors Housing team is off to a strong start for Q4, having closed three transactions, so far. The deals were across the swing states of Wisconsin, Pennsylvania and Georgia. The first closed in October, and the following two closed in November. First, Alex Vice, Joshua Jandris and Brett Gardner handled the sale of a standalone memory care community in the Milwaukee MSA. The community comprises 65 beds in Brookfield, Wisconsin. The seller was a national owner/operator and the buyer was a local owner. Next, Vice, Jandris, Gardner and Nick Hall facilitated the divestment of a CCRC in Phillipsburg, Pennsylvania. The community comprises 90 skilled nursing... Read More »
Kiawah Life and Bishop Gadsden Affiliate
Ziegler facilitated the affiliation of Kiawah Life Plan Village, Inc. with Bishop Gadsden Episcopal Communities. After exploring over 20 qualified organizations, KLPV selected Bishop based upon its reputation in the Charleston, South Carolina market, financial strength and shared values. KLPV is a not-for-profit that was formed in 2020 to own and operate Seafields at Kiawah Island, a seniors housing community in Kiawah Island, South Carolina. Construction of the community is currently underway, and it is scheduled to open fall 2025. Seafields will consist of 89 independent living units and 16 assisted living units, along with various amenities. Residents will also have priority access to... Read More »
Dealmaking in South Dakota
A small assisted living community in South Dakota sold thanks to the team at Evans Senior Investments. An institutional owner/operator engaged Evans to facilitate the sale in order to redeploy capital into new opportunities. The community was built in the last decade with 33 units of private pay assisted living, with a functional bed capacity of 40. It was a strong operator and often had a waitlist, so we imagine it ran at a healthy margin. A provider with experience operating similar communities in comparable markets was selected as the buyer, making its first entry into South Dakota with the deal. They paid $4.3 million, or $130,300 per unit. Read More »
Behavioral Buyer Acquires AL Asset
As investors and developers look ahead to the potential supply-and-demand imbalance in seniors housing in the coming years, we must consider the effect of conversion projects on future supply of assisted living units. With higher expenses and higher capital costs, not every assisted living community (particularly those that are small and/or older) will operate profitably as an assisted living business in the future, depending on the local market, of course. So sellers will increasingly look to alternative use buyers to get either an acceptable price or just any buyer. We have seen more and more behavioral health buyers look to struggling seniors housing properties for just such... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
