• LTC Properties Divests More SNFs

    LTC Properties has completed its effort to divest seven skilled nursing facilities after one of its top 10 operating partners decided it was not renewing its master lease for these facilities, instead choosing to downsize and exit some states. In early October, the REIT announced that it sold two of the skilled nursing facilities in Florida for... Read More »
  • PE Firm Divests to Cedarhurst Senior Living

    Cedarhurst Senior Living announced that it acquired The Enclave of East Louisville, now known as Cedarhurst of East Louisville. The Class-A Kentucky community delivered strong occupancy and stable margins, and there is potential to increase the property’s NOI in the short term. Built in 2012, it features 56 assisted living and 24 memory care... Read More »
  • Northeast Owner/Operator Enters Pennsylvania

    A personal care home in Pennsylvania was sold with the help of Jeff Binder, Bradley Clousing, Dan Geraghty, Dave Balow and Lucas Doll of Senior Living Investment Brokerage. It was built in 1998 and sits within the Pittsburgh metropolitan area. The seller was a national owner/operator that deemed the property to no longer fit in its long-term... Read More »
  • Benchmark Senior Living Adds to Its Garden State Portfolio

    In its joint venture with the vertically integrated real estate investment firm National Development, Benchmark Senior Living continues to grow through single-asset deals, adding another New Jersey property to its portfolio. Benchmark acquired Arbor Terrace Roseland, a 85-unit assisted living/memory care community in Roseland, about 15 miles west... Read More »
  • MidCap Financial and CBRE Originate Refinance

    MidCap Financial closed a $17.5 million first mortgage loan. The floating rate loan refinanced the existing indebtedness on a stabilized Class-A seniors housing community in the Boise, Idaho, market. The property in Meridian is owned by experienced real estate company Gold Stream Retirement Communities, and it is managed by Grace Management,... Read More »
National Health Investors Growing Yet Again

National Health Investors Growing Yet Again

Continuing its buying streak, National Health Investors added five new memory care communities and a new tenant relationship to its growing portfolio. The LaSalle Group developed these communities, located in Texas and Illinois with 223 total units, under the Autumn Leaves brand of stand-alone memory care communities. This isn’t the first time we’ve heard that name, as Autumn Leaves seemed to open a new community every other week in 2014/2015, concentrating in the Texas and Illinois markets. The openings keep coming too. Just this month, the operator opened its first South Carolina community in Greenville. There are two more projects scheduled to open in that state in the next two years,... Read More »

Hunt and Healthcare

Entering the senior living/healthcare lending market, Hunt Mortgage Group closed its first transaction in that sector with an $8.85 million refinance loan for a 50-bed memory care community in Rockwall, Texas through its new balance sheet lending platform launched earlier this year. Jim Neil, Director of Healthcare Lending at Hunt, was the originator while Jenifer Williams led the underwriting team on the transaction. On the receiving end of this loan was The LaSalle Group, the developer of the prolific Autumn Leaves® brand of assisted living/memory care with 27 existing communities and 15 under construction. Its community in Rockwall opened in 2011 and stabilized by mid-2013. But when a... Read More »

Autumn Leaves develops another memory care community in Atlanta MSA

Autumn Leaves has been getting a lot of press recently, from us and other news sources, as they seem to break ground on a new community every other week or so. On September 9, The LaSalle Group announced that Autumn Leaves of Stockbridge, Georgia was set to open in October (just outside of Atlanta). This announcement comes on the heels of one of their memory care communities opening recently in San Antonio (called Stone Oak), and another San Antonio Autumn Leaves community breaking ground on September 17, to be called Autumn Leaves of Westover Hills. The community in Stockbridge will be the company’s third in the Atlanta metro area (having locations in Sugarloaf and Towne Lake as well),... Read More »

Second Autumn Leaves community for Oklahoma City

The LaSalle Group recently broke ground on its latest Autumn Leaves-branded memory-care community, a 30,000 square-foot, $9.5 million project in Oklahoma City that will serve nearly 50 residents dealing with Alzheimer’s and other forms of dementia. Autumn Leaves of Southwest Oklahoma City is The LaSalle Group’s second venture in the Oklahoma City metro area; the company recently opened Autumn Leaves of Edmond in nearby Edmond, Oklahoma. Autumn Leaves of Southwest Oklahoma City will feature LaSalle’s innovative building design, along with cutting-edge technology, to ensure a calm, safe, and engaging environment for residents. Unique to this particular new property, however, will be a... Read More »

It may be spring, but Autumn Leaves are burgeoning

One week before The LaSalle Group broke ground on its ninth memory-care community in suburban Chicago, the company celebrated the grand opening of its second memory care community in the Atlanta area. On May 1, Autumn Leaves of Towne Lake— a 28,000 square-foot, $9.8 million community located in Woodstock, Georgia, about 30 miles north of Atlanta—opened with an official ribbon-cutting ceremony. The Towne Lake community will provide specialized services to 50 residents living with Alzheimer’s disease, dementia, or memory impairment. Then on May 7, Autumn Leaves of Arlington Heights, located 25 miles northwest of downtown Chicago, had its official groundbreaking ceremony. The Arlington... Read More »