• Sonida Closes CNL Acquisition, Reports Q4 Results

    On the same day as fourth quarter and year-end 2025 financial results were announced, Sonida Senior Living closed on its previously announced acquisition of CNL Healthcare Properties (CNL). The transaction value was approximately $1.8 billion and included a combination of cash (32%) and stock (68%). Because Sonida’s share price had risen above... Read More »
  • Investor Acquires Struggling Las Vegas AL/MC Asset

    A Utah-based investor is taking on a seniors housing community located in a strong MSA but that was 40% occupied and losing money. Amy Sitzman and Jake Rice of Blueprint were brought on to handle the seller’s divestment, with the turnaround opportunity generating strong investor interest. Ultimately, six competitive offers were received from a... Read More »
  • 12 Oaks Senior Living Expands Its Management Portfolio

    12 Oaks Senior Living has expanded its senior living portfolio, re-entering the Baytown, Texas, market (Houston MSA), after being brought on by an investor to manage The Lodge at Pine Creek. This marks the second community the operator will manage on behalf of the buyer.  Built in 2021, the property includes 10 independent living cottages... Read More »
  • GEM Realty Closes an Acquisition in South Carolina

    The Caliborne at Brickyard Crossing, a Class-A seniors housing community in South Carolina, traded hands with the help of acquisition financing secured by BWE. Taylor Mokris and Ryan Stoll of BWE served as exclusive financial advisor to the buyer, GEM Realty Capital, running a competitive process that sourced numerous quotes. Financing was... Read More »
  • SLIB Handles Long Island Assisted Living Deal

    A seniors housing campus on Long Island’s North Shore recently sold with the help of Dave Balow and Ryan Saul of Senior Living Investment Brokerage. The campus comprises Oyster Bay Manor, an assisted living community built in 1984, and Harbor House, a memory care community opened in 2001. Harbor House was the first of its kind to serve... Read More »
Alta Senior Living Acquires North Tampa Community

Alta Senior Living Acquires North Tampa Community

Brad Clousing and Daniel Geraghty of Senior Living Investment Brokerage sold an 82-unit assisted living/memory care community in North Tampa, Florida. Developed in 2015 by the seller and operated by their affiliate management company, the community was an operational outlier for them, which prompted the sale. This was their last seniors housing asset in the Southeast. Alta Senior Living stepped in to acquire the property for an undisclosed price, building their operating presence in the state. Read More »
Alta Senior Living Expands Into Florida

Alta Senior Living Expands Into Florida

Alta Senior Living, with corporate offices in Santa Monica, California and West Palm Beach, Florida, purchased its first senior living community in Florida. Located in Margate, the 175-unit Waterside Landing currently has 175 independent and assisted living units. But 22 units on the first floor will be converted to secured memory care. Alta will spend about $6.5 million on this conversion plus other upgrades to the building.   Waterside Landing was built in 1989 and had partial renovations a few years ago. It has a total of 187,000 square feet, or just over 1,050 gross square feet per unit, which is quite large for that vintage. Currently, the second and third floors are not... Read More »