• Receivership Sale of Standalone Memory Care Community Closes

    Senior Living Investment Brokerage’s Southeast closings continued with the sale of Westminster Memory Care in Lexington, South Carolina. Built in 2020, the Class-A community features 48 units of memory care and high-end finishes. It is set on 6.3 acres, which provides an opportunity for expansion under new ownership. Also, at the time of the... Read More »
  • Active Adult Community Secures Freddie Mac Refinance

    An active adult community in Hurst, Texas, paid off its existing bank debt with a Freddie Mac refinance arranged by Berkadia. Heritage Village Residences was built in 2014 with 120 units, including 10 cottages. It was part of multiple acquisitions over the years, first in 2020 when Edison Equity Management Corporation bought it for $23.3 million... Read More »
  • Upstate NY Seniors Housing Community Trades

    Kory Buzin and Steve Thomes of Blueprint facilitated the sale of a seniors housing community in upstate New York that stakeholders were divesting to take advantage of positive performance trends and a strong M&A market. The Legacy at Cranberry Landing, a 95-unit independent living, assisted living and memory care community in Rochester, was... Read More »
  • Seniors Housing Investment Vehicle Acquires First Asset

    Focus Healthcare Partners acquired Bellingham at West Chester, a 274-unit seniors housing community in West Chester, Pennsylvania. The investment is Focus’ first for its newest investment vehicle, Focus Senior Housing Fund III. The property sits on an 11.8-acre site 20 miles west of downtown Philadelphia. It comprises 208 independent living, 50... Read More »
  • Management Transfer Includes Purchase Option

    A senior care campus in Waterloo, Illinois, secured a new operator thanks to Ray Giannini of Marcus & Millichap. Featuring 144 skilled nursing beds and 50 independent living units, Oak Hill – Senior Living and Rehabilitation Center was well occupied with a strong quality mix. It was owned by Monroe County, which wanted to retain the... Read More »

Sacramento sale

A joint venture between Harbert Seniors Housing Fund I, LP, Aviva Investors Americas LLC, and Senior Resource Group, LLC, recently acquired an independent/assisted living portfolio of three communities in Sacramento, California. Consisting of 257 total units, the communities were 95% occupied and located in a high barrier-to-entry market. Two of the properties are adjacent to each other, creating a continuum of care campus. The local owner/operator seller transitioned management over to Senior Resource Group, which already operates 17 communities in the state. Read More »