• Healthpeak Properties Provides Janus Living Updates

    by | Mar 6, 2026 8:19 am | Acquisitions

    Healthpeak Properties’ recently formed seniors housing REIT, Janus Living, which will manage Healthpeak’s 34-community seniors housing portfolio, has filed a registration statement on Form S-11 with the SEC relating to a proposed initial public offering of its shares of Class A-1 common stock, which the company intends to list on the NYSE under... Read More »

  • SLIB Handles Senior Care Campus Deal in Missouri

    by | Mar 6, 2026 8:17 am | Acquisitions

    A Maryland-based owner/operator looked to expand its Missouri senior care portfolio with the purchase of Kingdom Care Senior Living in the town of Fulton. Built in 1980, the campus includes four independent living units, 26 assisted living units and 36 skilled nursing beds. It currently holds a five-star rating at the SNF and is the only... Read More »

  • Fully-Occupied Assisted Living Community Sells

    by | Mar 6, 2026 8:15 am | Acquisitions

    Joe Shallow of The Prestige Group was engaged by a family owner/operator in their divestment of a seniors housing community in Plymouth, Pennsylvania. Purpose-built in 1985 and well-maintained throughout the years, Metro Wilkes Barre features 20 assisted living units with 40 beds. The community has historically boasted a strong census, and at the... Read More »

  • REIT Acquires Underoccupied Seniors Housing Portfolio

    by | Mar 6, 2026 8:15 am | Acquisitions

    After acquiring a seniors housing portfolio through a joint venture in 2019, MedCore Partners and Trinity Private Equity Group have decided it was time to divest. Amy Sitzman, Giancarlo Riso and Jake Rice of Blueprint brought the portfolio out to market, and at that time, it was generating $4.5 million in EBITDAR on around $21 million in annual... Read More »

  • Philadelphia AL/MC Community Trades Hands

    by | Mar 6, 2026 8:14 am | Acquisitions

    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... Read More »
BMO Harris Funds Construction Project in North Carolina

BMO Harris Funds Construction Project in North Carolina

by | Aug 5, 2021 4:32 pm | Developments, Financings

BMO Harris Bank’s Healthcare Real Estate Finance business announced that it secured a $72.4 million construction loan for a senior living community in Charlotte, North Carolina. The Village on Morehead will feature 199 high-end independent and assisted living units in 12 stories. Bridgewood purchased the site for $11.5 million and will have its wholly-owned management group, Retirement Center Management, operate the community once it opens in 2023.  CBRE arranged this loan through BMO Harris on behalf of a joint venture between Bridgewood Property Company and Harrison Street. CBRE originated a four-year, floating-rate loan with a full term of interest-only and extension options. Over the... Read More »
BMO Harris Bank Finances New Jersey Development

BMO Harris Bank Finances New Jersey Development

by | Jun 16, 2021 9:58 am | Developments, Financings

BMO Harris Bank’s Healthcare Real Estate Finance group announced that it led and closed a $73.4 million construction financing for a joint venture between LCS and an institutional partner to develop a 220-unit senior living community in Florham Park, New Jersey. People’s United Bank was also a $30 million participant in the deal.  Set to open in March 2023, the community will feature 128 independent living units (53 one-bedroom and 75 two-bedroom options), 58 assisted living units (10 studio, 40 one-bedroom and eight two-bedroom options) and 34 memory care units (32 private and two semi-private units).  Read More »
MedCore Partners Acquires Seniors Housing Portfolio

MedCore Partners Acquires Seniors Housing Portfolio

by | Jul 10, 2020 2:42 pm | Acquisitions

MedCore Partners and The National Realty Group announced their purchase of a seven-property senior living portfolio on the West Coast. The deal included five senior living communities in Washington State and two in California. Among the Washington properties were the 60-unit Birchview Memory Care in Sedro-Wooley, the 55-unit Discovery Memory Care in Sequim, The Sequoia in Olympia with 92 units, the 72-unit Cooks Hill Manor in Centralia and lastly, and the largest, The Village in Tacoma with 136 units. In California, there was Del Obispo Terrace in San Juan Capistrano with 91 units and the 76-unit Westminster Terrace in Westminster.   Their operator,... Read More »
BMO Harris Bank Closes Credit Facilities

BMO Harris Bank Closes Credit Facilities

by | Jan 10, 2020 3:50 pm | Financings

BMO Harris Bank’s Healthcare Real Estate Finance group has been busy lately closing credit facilities for senior living clients. The first transaction saw the bank close a $59.4 million facility for LCS’ acquisition of The Clare CCRC in downtown Chicago, Illinois. We profiled the sale in this month’s edition of The SeniorCare Investor, and subscribers can read the story here. Then, BMO provided a syndicated $75 million senior credit facility for Largo Land Development, LLC and Watermark Retirement Communities to develop a 219-bed independent living/assisted living/memory care community and a 64-unit active adult community in Upper Marlboro, Maryland (Washington, D.C. MSA). BMO partnered... Read More »
PE Group Gets Financing from BMO Harris Bank

PE Group Gets Financing from BMO Harris Bank

by | Aug 1, 2019 4:53 pm | Financings

BMO Harris Bank’s Healthcare Real Estate Finance team supported a private equity group’s acquisition of a 132-unit seniors housing community in Bloomington, Indiana, by acting as sole lender of a $19.5 million senior secured term loan. Midwest operator Arrow Senior Living will be the new fee-based manager of the three-year old community, adding more dining services and enhanced social events in addition to the existing amenities like complementary chauffeured transportation, spacious courtyards and a fitness center, among others. Arrow manages each of its 13 communities in partnership with its parent company, Turnaround Solutions LLC, an affiliated seniors housing consulting company that... Read More »