• Clarion Partners Expands in Nashville MSA

    by | Mar 3, 2026 2:29 pm | Acquisitions

    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

    by | Mar 3, 2026 2:28 pm | Acquisitions

    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

    by | Mar 3, 2026 2:28 pm | Acquisitions

    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

    by | Mar 3, 2026 2:27 pm | Acquisitions

    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

    by | Mar 3, 2026 2:26 pm | Acquisitions

    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 »
Harrison Street Picks Up PGIM-Owned Portfolio

Harrison Street Picks Up PGIM-Owned Portfolio

by | Dec 13, 2019 6:00 am | Acquisitions

In last month’s SeniorCare Investor we mentioned that the team at Newmark Knight Frank would have approximately $1.2 billion in closings in December. They may have reached half of that in one deal. Although no price is being disclosed on the transaction, we did get a sneak look at parts of the offering memorandum from one of the other bidders. PGIM sold a portfolio of Brightview Senior Living-managed communities with a total of 11 communities in Maryland, New Jersey and Massachusetts. Based on our internal records, PGIM purchased 10 of these communities from Brightview in 2014 for about $360 million, or $350,000 per unit and an estimated cap rate of 7%, according to our Deal Search Online... Read More »
Grandbridge Provides Permanent Refinancing

Grandbridge Provides Permanent Refinancing

by | Mar 15, 2018 3:54 pm | Developments, Financings

Speaking of backyards, Grandbridge Real Estate Capital arranged $35 million in Freddie Mac financing for a one-year old assisted living and memory care community in Norwalk, Connecticut. The 10-year, fixed-rate loan has a 30-year amortization. The community is located a mile from our main office. The property was developed by The Shelter Group and its affiliate, Brightview Senior Living, is the manager. We know it well because we had a tour when it opened and attended the first open house. It was built on a very tight piece of land, but they were able to take advantage of the topography for some unique outdoor areas. We assume it is at or close to stabilization otherwise Freddie Mac would... Read More »
New Owner For New Pond Village

New Owner For New Pond Village

by | May 16, 2017 8:17 pm | Acquisitions

Benchmark Senior Living, the largest seniors housing provider in the Northeast, just added its fourth CCRC, and 54th overall location, to its impressive portfolio. In a partnership with investment firm Farallon Capital Management, Benchmark acquired New Pond Village, a 199-unit entrance-fee CCRC in Walpole, Massachusetts (Boston MSA), for an undisclosed price. Built in 1992, it currently features 167 independent living and 32 assisted living units. The 90-bed skilled nursing facility was split off from the community in the mid-1990s, but residents at the CCRC have a priority admissions agreement with the SNF. This transaction comes 13 years after the seller, The Shelter Group, originally... Read More »
Senior living hits the slopes

Senior living hits the slopes

by | Apr 15, 2016 8:31 am | Developments, Financings

Three years after opening on a piece of land that was a former ski slope in North Andover, Massachusetts, a 133-unit senior living community is refinancing its debt with the help of Richard Thomas of Grandbridge Real Estate Capital. Built by Shelter Development at a cost of approximately $20 million, the community is operated by Brightview Senior Living and features 65 independent living units, 41 supportive living units and 27 memory care units. It is located on 33 acres, of which 25 have remained open space and the original ski slopes have been preserved. Mr. Thomas originated a $30.25 million floating-rate first mortgage loan through Fannie Mae’s DUS Structured Adjustable Rate Mortgage... Read More »