• Brookdale Finally Names a COO

    A decade without a Chief Operating Officer? Maybe that is why Brookdale Senior Living has been suffering. But, they are finally filling the position. Mary Sue Patchett is taking on the role, effective December 1st. With Brookdale’s new regional operating model, which she helped redesign and implement, she will have six regional vice presidents,... Read More »
  • EVA Care Group Refinances California Portfolio

    Helios Healthcare Advisors went to a private credit fund to secure a refinance for a senior care portfolio in California. Totaling 165 beds, there is a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. The communities are owned by EVA Care Group, a Los Angeles-based national healthcare organization. ... Read More »
  • SLIB Sells a Class-A Mississippi Asset

    Senior Living Investment Brokerage facilitated the sale of a seniors housing community in the Gulfport/Biloxi area of Mississippi. Featuring 18 independent living, 60 assisted living and 62 memory care units, the community was built in phases between 2019 and 2025. It is located in the town of Ocean Springs with no major competitors in the local... Read More »
  • Marx Development Group Finalizes West Virginia Acquisition

    Lument Securities has closed the sale of four West Virginia-owned skilled nursing facilities to Marx Development Group (MDG). MDG subsidiary Majestic Care is taking over operations at the facilities in a smooth transition. The deal closed on October 31. Managing Director and Head of Mergers & Acquisitions Laca Wong-Hammond orchestrated the... Read More »
  • Florida Portfolio Receives Financing

    Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $120 million bridge loan to finance five skilled nursing facilities in Florida comprising 795 beds. The debt was used to refinance the 120-bed Parklands Care Center & Rehab in Gainesville, and the 120-bed Riverwood Healthcare & Rehab Center in Starke. It also funded... Read More »
Green Brick Partners Adds Atlanta-Area Age-Restricted Community

Green Brick Partners Adds Atlanta-Area Age-Restricted Community

Age-restricted (or active adult or 55+) housing has been a popular investment target in the last couple of years, and Green Brick Partners, Inc., a residential land developer, is making a huge investment in a community to be built in the Atlanta, Georgia MSA. The company, though its subsidiary The Providence Group of Georgia, purchased a 115-acre tract of land with 4,000 feet on frontage along the Chattahoochee River to develop a 916-unit age-restricted community in the town of Peachtree Corners. Atlanta-based active adult land investment group East Jones Bridge, LLC is the joint venture partner for the project. The plan includes a mix of condos, townhomes and single-family homes for sale,... Read More »