Cushman & Wakefield Facilitates Chicago Pacific Founders Acquisition
Cushman & Wakefield announced the sale of a seniors housing portfolio just north of Atlanta in the state of Georgia. Built from 2018 to 2020, Celebration Village Acworth comprises 226 units, which consist of 144 independent living, 55 assisted living and 31 memory care units. The other community was Celebration Village Forsyth. Built in 2017 to 2019, the community comprises a total of 248 units, which comprise 162 independent living, 55 assisted living and 31 memory care units. Selling the two assets was a joint venture between AgeWell Living, The ASC Group and a large investment fund. Cushman & Wakefield also collaborated with Christopher Clare of its joint venture partner... Read More »
Blueprint Facilitates Texas Transaction
Blueprint Healthcare Real Estate Advisors announced the sale of an assisted living community in the state of Texas. Built in 1990, The Inn at Los Patios comprises 166 units of both assisted living and independent living. At the time of the transaction, the community was 80% occupied and generating approximately $1 million in cash flow. After a competitive marketing process which resulted in eight total offers, the ultimate buyer was a New York-based private equity group and their Texas-based operating partner. The Inn at Los Patios sold for $21 million, or $126,500 per unit, in an all-cash deal. Dallas-based 12 Oaks Senior Living will manage the community. According to Levin Pro LTC, this... Read More »
BWE Secures Financing for Harrison Street Portfolio Acquisition
Bellwether Enterprise Real Estate Capital LLC (BWE) arranged acquisition financing for a portfolio of assisted living and memory care communities in California on behalf of an affiliate of Harrison Street Real Estate Capital. The portfolio consists of three communities: Oakmont of Agoura Hills, Oakmont of Lodi, and Oakmont of Silver Creek. They total 75 units, 90 units, and 94 units respectively, each with plentiful amenities. Ryan Stoll and Taylor Mokris of BWE originated the loan through two regional banks to include a five-year, interest-only term. Huntington National Bank participated in the transaction. The communities will continue to be managed by Oakmont Management... Read More »
Helios Helps Sell Six Skilled Nursing Facilities
Helios Healthcare Advisors announced it has structured the sale of a skilled nursing portfolio in western Missouri on behalf of a family owner/operator. The Tiffany Care Centers portfolio consists of six skilled nursing facilities with a total of 360 beds. The portfolio is centered around the Kansas City MSA, offering a buyer a clustered geographical market presence, with potential upside by way of Missouri transitioning its Medicaid program to a case-mix reimbursement system. An East Coast-based owner/operator group emerged as the ultimate buyer of the portfolio. That same buyer entered the state through a separate portfolio acquisition in 2021. Bill Janis, Mario Wilson and Andrew... Read More »
PEF Advisors Acquires Affordable Housing in Illinois
Preservation Equity Fund Advisors LLC (PEF Advisors) acquired an affordable seniors housing community in Illinois. Built in 1998, Freedom Village in Homewood comprises 198 units in three stories in the greater Chicago area. Units include a mix of one- and two-bedroom floorplans and are reserved for seniors earning up to 60% of the area median income. At the time of the transaction, the community was 98% occupied. The seller and purchase price of the community were not disclosed. Just last month, according to Levin Pro LTC, PEF Advisors also acquired Belmont Place Senior Apartments, a 110-unit affordable seniors housing community in the Chicago area. That transaction closed on January... Read More »Schedule a demo
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