• 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. ... 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... Read More »
  • Multiple Senior Care Acquisition Financings Close

    M&A transactions are getting done at a near-historic pace, and CIBC Bank USA recently financed three deals. The largest was $43.3 million in acquisition financing for two senior care assets in the Nashville area of Tennessee. The properties include a combined 310 independent living units, 273 skilled nursing beds and 93 assisted living/memory... Read More »
  • Olympus Retirement Living Expands

    The Zett Group closed the sale of a 63-unit assisted living/memory care community in the Boise, Idaho market. Set in the town of Emmett, Meadow View Senior Living was trending positively in its operations, but there was still some work to be done. An owner/operator engaged Blake Bozett and Spud Batt to sell the community to an undisclosed buyer.... Read More »
  • Large Senior Care Portfolio Trades Hands

    A portfolio comprising senior care assets across Washington State recently sold with the help of JCH Senior Housing Investment Brokerage. At first, only one of the assets was brought to market, but an offer emerged for the entire nine-facility portfolio. The price for the skilled nursing, assisted living and independent living campuses ranged... Read More »
Monarch Funds New Ohio Development

Monarch Funds New Ohio Development

We haven’t seen much construction lending these days, with construction costs and interest rates rising, but Alec Blanc of Monarch Advisors secured an $18.9 million loan to fund a 105-unit/116-bed senior care project in Bowling Green, Ohio. The community is being developed by Trilogy Opportunity Fund I, an affiliate of Louisville, Kentucky-based Trilogy Health Services, at a cost of $23.625 million, or $225,000 per unit. Construction costs went up during the process, but the bank modified the loan to main an 80% loan-to-cost. There are 50 skilled nursing beds, 34 assisted living/memory care units and 25 independent living units.  Monarch secured a senior loan commitment from a... Read More »
Walker & Dunlop Hire Dedicated Housing Expert in Southern California

Walker & Dunlop Hire Dedicated Housing Expert in Southern California

Walker & Dunlop, Inc. has hired Gideon Orion as Managing Director on its investment sales platform. Most recently working for Blueprint Healthcare Real Estate Advisors, Mr. Orion is based in Los Angeles and will join the firm’s national seniors housing property sales team led by Managing Director Joshua Jandris. Mr. Orion will be focused on originating and executing seniors housing property sales opportunities across the United States.  He has a strong track record and brings additional skill to Walker & Dunlop’s seniors housing sales team, in addition to expanding the firm’s existing footprint in Southern California. In fact, Mr. Orion represents the first dedicated... Read More »

Front Doors Open at Fairfield County Community

EPOCH Senior Living and National Development announced the opening of Waterstone on High Ridge, a hotel-style community for seniors featuring independent living, assisted living and memory care with a full array of high-end amenities and services. After nearly two years under construction, the community will open to residents this month. Located in Stamford, Connecticut on a wooded campus next to a conservation area, the property features 146 units broken into 88 independent living, 36 assisted living, and 22 memory care units. All-inclusive monthly fees for independent living start at $8,950 for a one-bedroom apartment, at $10,500 for a one-bedroom assisted living apartment, and at $8,750... Read More »
Koelsch Communities Expands with New California Community

Koelsch Communities Expands with New California Community

Koelsch Communities has opened a new independent living community in Elk Grove, California. The community broke ground in May of 2019, but completion was delayed due to the pandemic. The $75 million Park at Laguna Springs sports 135 senior apartments and 16 casita apartments.  Koelsch is vertically integrated with a construction arm, and three memory care communities have come online in the last 12 months: an 80-unit community in Kirkland, Washington, a 72-unit community in Elk Grove, California, and a 72-unit community in Puyallup, Washington.  Koelsch has been adding independent living and assisted living offerings, preferring to build out continuum-of-care options on a given campus... Read More »
Another Home Builder Launches New 55+ Brand

Another Home Builder Launches New 55+ Brand

Dream Finders Homes (DFH), a publicly traded homebuilding company, is expanding into the active adult market with a new brand of communities called “Reverie.” The company is leveraging its sales success in their existing active adult community, Reverie TrailMark, in the St. Augustine, Florida area. The word “reverie” means daydream and reflects the idyllic lifestyle that DFH hopes to represent with their amenity-laden properties. The company is not alone in seeing robust demand from empty-nesters and those 55 and over (really 75 and older) as an avenue of growth and hopes to leverage their experience with homebuilding to provide well-planned communities. A competitor of theirs, Toll... Read More »
Toll Brothers Invests in Active Adult Communities Nationwide

Toll Brothers Invests in Active Adult Communities Nationwide

On the heels of a busy 2021 for new development projects, Toll Brothers, Inc. unveiled plans for its first Regency 55+ active adult community in the Pacific Northwest. Regency at Ten Trails will be a community of 403 single-level homes set within the Ten Trails master plan in South King County in Washington state. The community will offer four housing options ranging from approximately 1,300 to 2,200 square feet, with pricing anticipated from the low $700,000s. Amenities will include a 10,000-square-foot resort-inspired clubhouse and fitness center, an 11,000-square-foot dog park with washing station and sheltered areas with fireplaces.  But this isn’t the only recent news from the... Read More »