Class-A Active Adult Community Trades
An active adult community north of Houston, Texas, sold with the help of Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare. Alders Magnolia encompasses 184 units in Magnolia, and was built in 2021. The seller was Capitol Seniors Housing, and the buyer was Texas-based active adult development and investment firm, Aspens Senior Living. Situated just northwest of The Woodlands, one of the nation’s largest master-planned communities, Alders Magnolia features an amenity package that offers a heated resort-style pool and spa, theater, fitness center, demonstration kitchen, private wine lockers, putting green, bocce ball court and... Read More »
Not-for-Profit Divests to For-Profit Owner/Operator
Senwell Senior Investment Advisors announced the closing of two separate senior care sales. First, Brandon Bohland and Collin Hempfling handled a faith-based not-for-profit organization’s divestment of a senior care campus in the Charlotte, North Carolina MSA. The campus has a 50-bed skilled nursing facility and a 96-bed assisted living community. The seller had owned the campus for multiple decades, but a long-term tenant/operator lease was approaching expiration and it wanted to evaluate options. Senwell explored both a lease and a sale of the campus, ultimately advising a divestment. There were multiple competitive offers, with the winning bidder being a for-profit regional... Read More »
Ziegler Closes Two Bond Transactions
Ziegler announced the closing of two separate bond transactions. First, it closed Mennonite Village’s $86.22 million Series 2026AB bonds through the Hospital Facility Authority of the City of Albany, Oregon. Mennonite Home of Albany, Inc., doing business as Mennonite Village, is an Oregon-based not-for-profit owner/operator in Oregon. It operates a CCRC that is situated on a 275-acre campus in Albany, in the Willamette Valley. The campus began as a 24-unit nursing home in 1947, and today consists of 299 independent living cottages, 18 independent living apartments in a building known as Ashwood Court II, 42 skilled nursing beds in Mennonite Home, 96 assisted living apartments in Quail Run,... Read More »
Not-for-Profit to Expand Its California CCRC
Ziegler announced the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority. This financing marks Ziegler’s first with Odd Fellows Home of California. Odd Fellows Home of California, a California not-for-profit public benefit corporation, owns/operates two senior living communities that provide residential living, assisted living and skilled nursing. One community is in Saratoga, California, doing business as Saratoga Retirement Community (SRC), and the other community is in Napa, California, doing business as The Meadows of Napa Valley (The Meadows). The borrower has been operating its... Read More »
Joint Venture Secures Refinance for Full-Continuum Community
CBRE National Senior Housing refinanced Harvard Square by Cogir, a full-continuum seniors housing community in Colorado owned by funds managed by affiliates of Fortress Investment Group and operated by Cogir Senior Living. Built in 1982 and significantly renovated several times over the last 10 years, the community has 41 independent living, 144 assisted living and 40 memory care units on a 6.5-acre site. It is set about eight miles southeast of downtown Denver. Aron Will and Adam Mincberg of CBRE National Senior Housing arranged the financing through a national debt fund, originating a three-year, floating-rate loan. The transaction represents the third successful financing of the... Read More »
Chartwell Retirement Residences Completes Portfolio Acquisition
Chartwell Retirement Residences completed its previously announced purchase of six seniors housing communities spread throughout London (three), Dorchester, Waterloo and Mississauga in Ontario, Canada. The purchase price at closing totaled approximately CAD$416.2 million, or US$30 million. An additional CAD$15.8 million, or USD$11.36 million, is payable upon completion of Dorchester Terrace, which is expected in the fourth quarter. The transaction was funded through the assumption of approximately CAD$232.7 million, or USD$167.4 million, of in-place debt, the majority of which is CMHC-insured, and cash on hand. The six purpose-built seniors housing communities present strong... Read More »
Class-A AL/MC Communities Trade on Long Island
BWE Investment Sales’ Seniors Housing Team announced its involvement in the sale of Village Green Senior Living and Village Walk Senior Living, both in high barrier-to-entry locations on Long Island. BWE represented the seller, The D&F Development Group, in the disposition of the Class-A assets, which had the goal of building, leasing up and selling the communities. The buyer was a joint venture between Atria Senior Living, Fundamental Advisors and Scribner Capital. Built in 2020, Village Green is in Levittown and offers 57 units of assisted living and 46 units of memory care across three levels. Village Walk is in Patchogue and was completed in 2018. It totals 146 beds,... Read More »
SLIB Tops $1 Billion in Texas Transactions
Senior Living Investment Brokerage and Matthew Alley topped $1 billion in transaction volume in the state of Texas following the sale of a portfolio of four skilled nursing facilities. The Cascades Portfolio features a combined 647 beds and locations in Port Arthur (two), Houston and Galveston. The facilities were built from 1955 to 1993, with various renovations over the years. Performance could be improved, since occupancy sat at just 42%, and the portfolio was generating little cash flow on $24.24 million of revenues. It may not have helped that these were the only Texas facilities owned by the Utah-based operator/seller. A Texas-based real estate owner bought the portfolio for... Read More »
60 Seconds with Swett: Talking Construction and Cap Rates in Nashville
Another Spring NIC is in the books, and it was great to see so many industry friends in Nashville, which was a great setting for the conference, we must say. And it was another record attendance, with around 500 first-time attendees too. That surely is a sign of seniors housing’s appeal to potential new entrants. And they added to the positive energy in the room, overcoming some worried chatter about the Middle East, oil’s impact on inflation and the recent surge in the 10-Year Treasury Rate. There are plenty of deals, big and small, going around, leaving us more confident that we will break another M&A record in 2026. What we also left Nashville more confident about, which surprised... Read More »
Another Senior Care REIT Files for IPO
Another senior care REIT is eyeing the public markets after filing a registration statement with the SEC for a proposed offering of Class A common stock. National Healthcare Properties’ offering remains subject to market conditions and other customary conditions, and the number of shares and pricing range have not yet been determined. And if completed, the company expects to list on the NASDAQ under the symbol “NHP.” The filing comes shortly after Janus Living completed its IPO at the end of March. While National Healthcare Properties is not solely focused on seniors housing like Janus Living, it represents another signal of confidence in the sector’s long-term fundamentals. And it throws... Read More »Schedule a demo
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