Family Divests Upstate New York ALP
After running an assisted living/memory care community in Lockport, New York (Rochester MSA), for over three generations, a family has decided to divest and exit the industry. They engaged Dave Balow, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage to sell the asset. Built in 1982 and 1988, with a memory care expansion in 2017, Briarwood Manor features 160 licensed Assisted Living Program (ALP) beds in 113 units. It was well maintained over the years and competes directly with the upper-end private pay communities in the area. However, it was just 44% occupied based on 158 operational beds, and the community was losing around $750,000 on $3.5 million of revenues. ... Read More »Joint Venture Acquires California Facilities
At the end of a busy year of acquisitions, Stacked Stone Ventures announced one more on New Years Eve. The San Clemente, California-based real estate investment firm acquired two skilled nursing facilities in a joint venture with Praxis Capital for $8.25 million, or $43,200 per bed. The facilities feature a total of 191 skilled nursing and assisted living beds. They were added to an existing master lease with Accura Healthcare in Iowa. Oxford Finance helped fund the deal. The transaction caps an active year for Stacked Stone and Praxis, which together acquired 11 skilled nursing facilities, nine assisted living/memory care communities and one CCRC in 2025. The purchases totaled nearly $130... Read More »Receivership Sale of Standalone Memory Care Community Closes
Senior Living Investment Brokerage’s Southeast closings continued with the sale of Westminster Memory Care in Lexington, South Carolina. Built in 2020, the Class-A community features 48 units of memory care and high-end finishes. It is set on 6.3 acres, which provides an opportunity for expansion under new ownership. Also, at the time of the sale, the community was fully stabilized, so an expansion may be a good move. It was developed using bond financing, and the original owner was a Southeast-based developer. But the community was under receivership. The asset received significant interest from buyer groups, and the receiver seller, Trinity Investors, got more than eight qualified... Read More »
CCRCs Near Major Hospital Systems Trade Hands
Evans Senior Investments sold a CCRC portfolio in Delaware. Dubbed Project Port, the deal consisted of three CCRCs in Wilmington: Foulk Living, Millcroft Living and Shipley Living, totaling 238 licensed skilled nursing beds and 279 senior housing units. The campuses are also located near five major hospital systems and are well positioned to capture a dominant share of the regional Medicare market. An institutional owner purchased the assets for $135,000 per bed, and partnered with an East Coast-based operator. Read More »
AL/MC Community Sale Presents Stabilization Opportunity
JLL Capital Markets announced it has arranged the off-market sale of Laguna Estates Senior Living, a 168-unit seniors housing community in Carlsbad, California. Built in phases from 1987 to 1995, the community has a mix of assisted living and memory care units spread over four single-story and three-story buildings. It was just 46% occupied at the time of the deal. The buyer was Sunny Hills Management Company. JLL’s Seniors Housing Capital Markets team representing the seller was led by Senior Managing Director Aaron Rosenzweig and Senior Director Dan Baker. Read More »Schedule a demo
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