• Healthpeak Properties Provides Janus Living Updates

    Healthpeak Properties’ recently formed seniors housing REIT, Janus Living, which will manage Healthpeak’s 34-community seniors housing portfolio, has filed a registration statement on Form S-11 with the SEC relating to a proposed initial public offering of its shares of Class A-1 common stock, which the company intends to list on the NYSE under... Read More »
  • SLIB Handles Senior Care Campus Deal in Missouri

    A Maryland-based owner/operator looked to expand its Missouri senior care portfolio with the purchase of Kingdom Care Senior Living in the town of Fulton. Built in 1980, the campus includes four independent living units, 26 assisted living units and 36 skilled nursing beds. It currently holds a five-star rating at the SNF and is the only... Read More »
  • Fully-Occupied Assisted Living Community Sells

    Joe Shallow of The Prestige Group was engaged by a family owner/operator in their divestment of a seniors housing community in Plymouth, Pennsylvania. Purpose-built in 1985 and well-maintained throughout the years, Metro Wilkes Barre features 20 assisted living units with 40 beds. The community has historically boasted a strong census, and at the... Read More »
  • REIT Acquires Underoccupied Seniors Housing Portfolio

    After acquiring a seniors housing portfolio through a joint venture in 2019, MedCore Partners and Trinity Private Equity Group have decided it was time to divest. Amy Sitzman, Giancarlo Riso and Jake Rice of Blueprint brought the portfolio out to market, and at that time, it was generating $4.5 million in EBITDAR on around $21 million in annual... Read More »
  • Philadelphia AL/MC Community Trades Hands

    Brett Gardner, Joshua Jandris and Jason Skalko of Cushman & Wakefield represented an undisclosed seller in its sale of The Terrace at Chestnut Hill, a 62,600-square-foot, 108-unit assisted living and memory care community in northwest Philadelphia, Pennsylvania. The buyer, MVJ Ventures LLC, was represented by Jason Stroiman and Brendan... Read More »
Avenida Partners with Passco on Two New Projects

Avenida Partners with Passco on Two New Projects

Active adult developer Avenida Partners teamed up with Passco Companies, a California-based commercial real estate company, on its two latest projects in Palm Desert, California and Germantown, Tennessee. Collectively, the developments will cost around $97 million, and each community will feature 161 units and a host of resort-inspired amenities, including a pool, indoor and outdoor yoga spaces, a fitness center and plenty more. In addition, the Palm Desert community was designed in the mid-century modern style, and the Germantown community will take advantage of its location on the banks of Lake Nashuba (part of the Wolf River greenway trail system connecting to the Mississippi River)... Read More »