• Newmark Facilitates Morgan Stanley/MorningStar Deal

    by | Dec 6, 2025 12:28 pm | Acquisitions

    Morgan Stanley Investment Management made a splash in announcing the acquisition of three Class-A seniors housing communities in the Denver, Colorado MSA. The communities comprised 463 units and were previously owned by Kayne Anderson Real Estate. They were managed by MorningStar Senior Living, which is based in Denver and staying on as operator... Read More »

  • Town Lane Announces First Deal with Arcole Platform

    by | Dec 6, 2025 12:26 pm | Acquisitions

    Town Lane, a real estate investment management firm, and Atlas Senior Living, a Birmingham-based seniors housing operator, acquired The Overlook at Suwanee, a 175-unit independent living, assisted living and memory care community in Suwanee, Georgia. The community was formerly Heartis Suwanee, which was built in 2018 by Caddis. Tremper Capital... Read More »

  • Evans Senior Investments Handles Two-SNF Trade

    by | Dec 6, 2025 12:25 pm | Acquisitions

    Two skilled nursing facilities in northeast Pennsylvania found a new owner, after its independent owner/operator decided to fully exit the business. Evans Senior Investments was the exclusive sell-side advisor on the deal, which featured the 133-bed/unit Ellen Memorial Health Care Center in Honesdale and the 115-bed Carbondale Nursing & Rehab... Read More »

  • Alabama AL/MC Asset Sells

    by | Dec 6, 2025 12:23 pm | Acquisitions

    Daniel Geraghty and Brad Clousing of Senior Living Investment Brokerage handled the sale of an assisted living/memory care community in Anniston, Alabama. The property underwent a full interior renovation in 2025 and was being sold by a Southeast-based owner that was exiting the industry. A publicly traded REIT, leveraging one of its existing... Read More »

  • SVN Senior Living Advisors Sells Two Texas SNFs

    by | Dec 6, 2025 12:22 pm | Acquisitions

    A regional owner/operator was looking to grow its portfolio in Texas and acquired two skilled nursing facilities totaling 188 beds in the state. SVN Senior Living Advisors (SVN SLA) represented the private seller, which had been referred to SVN SLA by one of its institutional lender clients. Managing Director Josh Salzman led an efficient and... 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 »