• Public REIT Lands Portfolio in Competitive Sale

    A portfolio of Class-A seniors housing communities sold in the Southeast to an undisclosed publicly traded REIT. Featuring six assets in Georgia and South Carolina, the portfolio totaled 156 independent living, 200 assisted living and 70 memory care units. The communities were built between 2017 and 2022 by a Southeast-based developer. Occupancy... Read More »
  • Regional Owner/Operator Acquires Ocala AL Community

    The third and final asset in the Hampton Manor portfolio has sold with the help of Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage. Hampton Manor Deerwood in Ocala, Florida, was built in 2005 and expanded in 2016 to now feature 61 units of assisted living. The property is stabilized, so the new owner can hit the ground... Read More »
  • Second Generation Operator Divests SNF Portfolio to PE Firm

    A Northeast-based private equity firm engaged Daniel Morris of Plains Commercial Real Estate in its plan to enter a new state. The firm has an existing skilled nursing footprint, and had specific acquisition criteria, which narrowed the focus down to a few potential targets.  The company ultimately acquired a five-facility, 506-bed skilled... Read More »
  • CIBC Springs Ahead with Deal Flow

    CIBC has been hard at work this Spring, successfully closing several acquisition financings for senior care clients across the country. The largest was a $51.5 million term loan that supported the purchase of four skilled nursing facilities in Illinois totaling 586 beds. Historical performance trended positively over the last two years across the... Read More »
  • National Healthcare Properties Kicks Off IPO Push

    National Healthcare Properties, Inc. launched its public offering of 38.5 million shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the SEC. The initial public offering price is expected to be between $13.00 and $16.00 per share, and the company expects to grant the underwriters a 30-day option to... Read More »
Liberty Senior Living Adds New Property in South Carolina

Liberty Senior Living Adds New Property in South Carolina

JLL Capital Markets closed the sale of Discovery Village at Sandhill, a 187-unit independent living community in Columbia, South Carolina. Developer South Bay Partners, LLC (now a part of the Harbert Management Corporation) divested the property to Liberty Senior Living, LLC, which took over operations following the closing of the transaction. The property has been rebranded as Inspire Sandhill. Completed in 2019, Inspire Sandhill features one-, two- and three-bedroom units averaging 981 square feet. Located on 8.39 acres, Inspire Sandhill sits near local entertainment hubs and an extensive number of local educational institutions. Charles Bissell and Cody Tremper of JLL led the... Read More »
JLL Arranges Refinance for Texas Community

JLL Arranges Refinance for Texas Community

JLL Capital Markets arranged a $37.5 million refinance for Hidden Springs of McKinney, a 194-unit independent living/assisted living/memory care community in McKinney, Texas. Joel Mendes and Jason Skalko represented the borrower, a joint venture between CREC Real Estate and Madison Marquette, in securing a non-recourse, fixed-rate loan through a life insurance company. The loan came with a five-year term, with extension options. Completed in 2020, Hidden Springs of McKinney features large units and high-end finishes, with plentiful amenities like an indoor pool, fitness center and dog park.  Read More »
JLL Arranges Two Refinances Through Debt Funds

JLL Arranges Two Refinances Through Debt Funds

The team at JLL Capital Markets refinanced a couple of seniors housing properties in the Southeast, working with a debt fund in both transactions. The first, and largest, deal saw a five-year $57.5 million loan arranged for Windsor at Celebration, a 239-unit, luxury seniors housing community near Orlando in Celebration, Florida. Built in 2018 by a partnership between Square Mile Capital Management and Big Rock Partners, the community features 133 independent living, 73 assisted living and 33 memory care units in a mix of studio, one- and two-bedroom suites averaging 853 square feet. JLL’s Senior Director Joel Mendes, Senior Managing Director... Read More »
Private Equity Buyers Snap Up Southeast Portfolio

Private Equity Buyers Snap Up Southeast Portfolio

JLL Capital Markets’ Mike Garbers and Cody Temper recently arranged the sale of nine seniors housing communities on behalf of the seller, a large public REIT. The portfolio consists of one North Carolina and eight South Carolina properties, encompassing 558 assisted living and memory care units.  The first sale, in North Carolina, involves a 52-unit assisted living and memory care community that was sold to a private equity group. The property has been closed and vacant since April due to a fire, but extensive remodeling and repairs are foreseeable so the community can undergo rebranding upon reopening. The second transaction, in South Carolina, consists of 506 units across eight... Read More »
JLL Sells 55+ Community in Minneapolis Market

JLL Sells 55+ Community in Minneapolis Market

JLL Capital Markets sold a newly-built, 107-unit 55+ housing community in Maplewood, Minnesota known as Frost English Silver. The purchase price was $27.3 million, or about $255,140 per unit.   The community has a variety of one- and two-bedroom apartments averaging 876 square feet. The community features a fitness center, outdoor patio with grilling stations, community room, salon, indoor lap pool and heated underground parking. The seller was Sherman Associates and an affiliate of Axial Real Estate Advisors LLC acquired the community.     Josh Talberg, Mox Gunderson, Dan Linnell, Adam Haydon and Ken Dayton of JLL represented the... Read More »