• Clarion Partners Expands in Nashville MSA

    Clarion Partners, an affiliate of Franklin Templeton Investments, announced that Clarion Partners Real Estate Income Fund Inc. acquired Vitality Living Franklin, a 126-unit seniors housing community in Franklin, Tennessee (Nashville MSA). The community was built in 2014, renovated in 2023 and faced little new competition in the area. It was... Read More »
  • Regional Buyer Acquires Community Adjacent to Its SNF

    Senior Living Investment Brokerage’s Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham recently sold a 42-unit assisted living community in Cashmere, Washington, near Wenatchee in the central part of the state. Epledalen Assisted Living was built in 1999 and was fully occupied, but its local owner/operator wished to exit the industry.... Read More »
  • National Healthcare Properties and Discovery Buy Large Portfolio

    In an off-market deal, National Healthcare Properties acquired a portfolio of 13 seniors housing communities in eight states through a joint venture with Discovery Senior Living. The new SHOP assets total 592 units of assisted living and will be placed under a RIDEA structure with Discovery, which has been managing and will continue to manage the... Read More »
  • Debtor Sells SNF at Auction

    Blueprint was engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to sell the real estate of a skilled nursing facility outside of Yakima, Washington. Arcadia Medical Resort of Parkside was built in 1972 and is licensed for 88 beds, providing long-term care, rehabilitation and therapy services. It is set... Read More »
  • Dwight Capital Buys HUD Mortgage Servicing Rights Portfolio

    Dwight Capital acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, which includes loans secured by skilled nursing facilities, assisted living communities and hospitals. The portfolio totals over $500 million in unpaid principal balance from 69 loans across 22 states. Now, following the acquisition, the loan... Read More »
Amenity-Rich Independent Living Opening in Virginia

Amenity-Rich Independent Living Opening in Virginia

A brand-new independent living community is set to open this month in the Richmond, Virginia market to the tune of $31.6 million, or $213,500 per unit, to build. Featuring 10 different floor plans and one- or two-bedroom unit options, the Henrico community is located adjacent to a gated active adult community, where its resident will have access to the amenities. However, it also has its own numerous amenities, including an indoor pool, movie theater, four dining venues and a gazebo complete with fire pits and a full-service bar, to name just a few. Arlington, Virginia-based Bonaventure Realty Group developed the luxury community, and Solvere Living, an affiliate of Solutions Advisors... Read More »
Amenity-Rich Independent Living Opening in Virginia

New Seniors Housing Investor In The Old Dominion

There’s a new entrant in the seniors housing industry by the name of Bonaventure Realty Group. Coming from the multifamily space, like many new seniors housing investors these days, Arlington, Virginia-based Bonaventure plans to open its first independent living community further south in the town of Henrico (Richmond MSA). Featuring 148 one- and two-bedroom units, the community (called Aspire at Carriage Hill) will host a number of amenities, including an indoor pool, salon and spa, fitness center, patio, gazebo and outdoor dining with a fire pit, among others. Amenities from the adjacent gated 55+ apartment complex will also be available to residents. The total cost is estimated to be... Read More »