Jaybird Senior Living Acquires Multi-State Portfolio
An affiliate of Jaybird Senior Living, Jaybird Capital, acquired five senior living communities across Utah, Wisconsin and Minnesota. Jaybird assumed management of the communities in October and stabilized them before executing on the purchase. The company is currently targeting the addition of 15 more communities to its portfolio throughout the year, and it plans to grow its portfolio to over $1 billion in value within five years. Berkadia represented the seller in the deal. Read More »
Newly Formed Investment Firm Enters Senior Care
An 84-unit assisted living/memory care community in Jacksonville Beach, Florida, recently traded with the help of Continuum Advisors, which represented the institutional joint venture seller. Built in 2014, Beach House has 64 assisted living and 20 memory care units, with 100 licensed beds. It is situated on a barrier island near some of the most affluent coastal communities in Northeast Florida. The community also benefits from its proximity to Baptist Medical Center Beaches and Mayo Clinic’s Jacksonville campus. It was last acquired in 2021 by a partnership between Florida-based Foundry Commercial and New York-based Fundamental Advisors LP. Foundry’s seniors housing management... Read More »
Seller Divests Geographic Outlier to Large Owner/Operator
Senior Living Investment Brokerage announced that it sold a well-occupied seniors housing community in Oregon. The building is on an acre in Sheridan, and comprises 44,805 square feet. It was developed in 1996 and features 53 assisted living units. The community was 94% occupied at the time of closing. Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham at Senior Living Investment Brokerage represented the seller, who deemed the community a geographic outlier, as its portfolio is primarily concentrated in Southern Oregon and Northern California. The ultimate buyer is a large owner/operator that was looking to expand its portfolio. Read More »
Stand-Alone MC Community Trades in Arizona
Blueprint represented an institutional seller in the sale of its stand-alone memory care community in the Lake Havasu City-Kingman, Arizona MSA. Built in 2009, the asset features 48 units with 60 beds and received approximately $2 million in recent capital improvements. There is opportunity for occupancy growth and rental rate optimization. The marketing process generated strong interest from a range of regional owner/operators, with the selected buyer being a real estate investor that partnered with an experienced operator looking to establish a presence in the market. The transaction was structured as a lease with a purchase option, marking the first deal between the newly formed... Read More »
Clarion Partners Continues Its Acquisition Streak
Clarion Partners continued on its acquisition streak, adding two communities in California to its growing portfolio. The latest deal featured The Commons on Thornton and The Commons at Union Ranch, two seniors housing communities totaling 198 units in California’s Central Valley. They were previously owned and operated by MBK Senior Living, which was represented by JLL’s Seniors Housing Capital Markets team in the deal. JLL’s Aaron Rosenzweig and Dan Baker led the transaction. Thornton was completed in 2004 and consists of a two-story building with 100 assisted living and memory care units in a variety of floor plans. It was 94% occupied. Built in 2008, Union Ranch offers 98 units of... Read More »Schedule a demo
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