• Evans Completes Cornerstone Portfolio Sale

    by | Dec 30, 2025 4:08 pm | Acquisitions

    Evans Senior Investments announced the sale of the remaining assets within the Cornerstone Portfolio, two assisted living/memory care communities in southern Texas. The portfolio consists of Trinity Oaks of Pearland, an 80-unit independent and assisted living community, and Trinity Shores of Port Lavaca, a 62-unit assisted living and memory care... Read More »

  • Invesque Divests Nine Assets

    by | Dec 30, 2025 4:07 pm | Acquisitions

    Invesque disposed of nine assets over 15 days in December, and provided notice of its intention to redeem all of the $27.3 million principal amount of debentures in early 2026. On December 11, the REIT sold a portfolio of four seniors housing assets for $57.0 million. These assets, located in New Jersey and Pennsylvania, were previously part of a... Read More »

  • Berkadia Closes Two Refinances and Two Sales

    by | Dec 30, 2025 4:06 pm | Acquisitions, Financings

    Before the end of the year, Berkadia announced two refinances and two sales in three states. First, Allegro Parkland, an independent living, assisted living and memory care community in Parkland, Florida, secured a refinance. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured a loan... Read More »

  • Seniors Housing Operator Appoints New CEO

    by | Dec 30, 2025 4:05 pm | Acquisitions

    Harmony Senior Services, a family-owned company that is set to operate 50 communities across 12 states in 2026, announced the appointment of Traci Taylor-Roberts as its new Chief Executive Officer. Taylor-Roberts brings 25 years of experience in senior living, home health and hospice care, and will aid in advancing Harmony’s services,... Read More »

  • Receivership Sale of Standalone Memory Care Community Closes

    by | Dec 26, 2025 3:07 pm | Acquisitions

    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 »
Brookdale Buys Eight NHI-Owned Communities

Brookdale Buys Eight NHI-Owned Communities

by | Jan 24, 2020 9:18 am | Acquisitions

Brookdale Senior Living exercised its purchase option on eight assisted living communities that it operated on behalf of the owner, National Health Investors. The transaction was hinted at in NHI’s third quarter earnings report, which noted the properties as being held for sale. And Eric Mendelsohn, President and CEO, confirmed in the Q3 earnings call that the purchase price would start at a base of $37 million, with a fair market value component as high as $5 million which NHI and Brookdale would split 50-50. In the end, Brookdale paid $39.26 million, or $116,845 per unit. The eight communities, which were located in three states and totaled 336 units, contributed 2019 GAAP revenue of... Read More »
The Avery Company Announces Pair Of Acquisitions

The Avery Company Announces Pair Of Acquisitions

by | Jan 31, 2018 7:01 am | Acquisitions

The Avery Company kicked off their 2018 in a strong way, closing two transactions in succession for clients in Tennessee and Connecticut. Jolyon Wilde first sold two senior living buildings located across the street from each other in Murfreesboro, Tennessee. Both built in 2001, there was a 68-unit assisted living community with 90% occupancy and a 26-unit memory care community just 75% occupied. Both were 100% private pay and operated at a combined 22% margin on approximately $4.03 million of revenues. A local doctor decided to sell the communities to Virginia-based Inspirit Senior Living for $12.45 million, or $132,450 per unit, with a 7.1% cap rate. Mr. Wilde was then joined by Larry... Read More »

Inspirit In Pennsylvania

by | Jun 16, 2017 7:01 am | Acquisitions

Inspirit Senior Living just doubled its portfolio (to four properties), expanded its joint venture partnership with Care Investment Trust and grew its geographic reach with the acquisition of two personal care communities in Pennsylvania. Since being founded in 2015 by Greenfield Senior Living veteran David McHarg, Inspirit has taken a slow and steady approach to its growth, acquiring its first property in November 2016 (a 75-unit assisted living community in Winchester, Virginia for $9.38 million, or $125,070 per unit) and its second in February 2017 (a 120-unit AL/memory care community in Bartlett, Tennessee for $10 million, or $83,330 per unit). The two communities were considered... Read More »
The Yankees are coming

The Yankees are coming

by | Nov 18, 2016 8:30 am | Acquisitions

Winchester, Virginia was the most fought-over town during the American Civil War, changing hands between the North and South as many as 72 times. Now, in a bloodless affair, a 75-unit assisted living community in town has a new owner (New York City-based Care Investment Trust), to the tune of $9.38 million, or $125,067 per unit, with a 7.4% cap rate. The community has undergone expansions since opening in 1990, including a 35-unit addition in 2008, and today includes 73 AL units and two independent living cottages. Both occupancy and the operating margin can be improved, with both standing at 83% and 22%, respectively. Also, monthly rates, ranging from $2,500 to $2,900 for semi-privates,... Read More »