Philadelphia AL/MC Community Trades Hands
Brett Gardner, Joshua Jandris and Jason Skalko of Cushman & Wakefield represented an undisclosed seller in its sale of The Terrace at Chestnut Hill, a 62,600-square-foot, 108-unit assisted living and memory care community in northwest Philadelphia, Pennsylvania. The buyer, MVJ Ventures LLC, was represented by Jason Stroiman and Brendan DeSilva of Evans Senior Investments. The community was built in 1987 and renovated in 2012, and at the time of sale, it was 85% occupied. It will be operated by Viva Senior Living, and rebranded as Viva Senior Living at Chestnut Hill. While the asset carried existing agency debt, the buyer elected not to assume the loan and instead paid off the... Read More »
Clarion Partners Expands in Nashville MSA
Clarion Partners, an affiliate of Franklin Templeton Investments, announced that Clarion Partners Real Estate Income Fund Inc. acquired Vitality Living Franklin, a 126-unit seniors housing community in Franklin, Tennessee (Nashville MSA). The community was built in 2014, renovated in 2023 and faced little new competition in the area. It was nearly full as a result. The community sits three miles from Williamson Medical Center and offers both assisted living and memory care services. The community is operated by Vitality Living, a Nashville-based senior living operator with more than 35 communities across the Southeast and Texas. Read More »
Regional Buyer Acquires Community Adjacent to Its SNF
Senior Living Investment Brokerage’s Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham recently sold a 42-unit assisted living community in Cashmere, Washington, near Wenatchee in the central part of the state. Epledalen Assisted Living was built in 1999 and was fully occupied, but its local owner/operator wished to exit the industry. So, a regional owner/operator looking to expand its Washington footprint stepped in to acquire the community for an undisclosed price. The buyer owns the skilled nursing facility that is adjacent to the community, so the acquisition should provide some operational synergies. Read More »
National Healthcare Properties and Discovery Buy Large Portfolio
In an off-market deal, National Healthcare Properties acquired a portfolio of 13 seniors housing communities in eight states through a joint venture with Discovery Senior Living. The new SHOP assets total 592 units of assisted living and will be placed under a RIDEA structure with Discovery, which has been managing and will continue to manage the portfolio. The price was $64 million, or $108,100 per unit. In addition, NHP gained a right of first refusal and purchase option on an additional 13 senior living communities with approximately 500 assisted living units currently managed by Discovery. The transaction is expected to close in the second quarter of 2026, subject to closing conditions... Read More »
Debtor Sells SNF at Auction
Blueprint was engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to sell the real estate of a skilled nursing facility outside of Yakima, Washington. Arcadia Medical Resort of Parkside was built in 1972 and is licensed for 88 beds, providing long-term care, rehabilitation and therapy services. It is set in a predominantly residential area and was the only licensed facility in the town of Union Gap. At the time of initial marketing, the facility had relatively low census and star ratings, but it maintained positive cash flow, due in part to its contractual Medicaid reimbursement rate which exceeded $400 per day. Blueprint first procured a stalking... Read More »Schedule a demo
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