• Grace Management Adds Five Ventas Communities

    Grace Management expanded its relationship with Ventas, adding five seniors housing communities owned by the REIT to its operating portfolio. The communities were previously managed under a triple-net lease structure. They include Brookdale Lake Shore Drive in Chicago, Illinois, Brookdale Northbrook in Northbrook, Illinois, Brookdale Springs Mesa... Read More »
  • Seller Boosts Census Ahead of Sale to JV

    Senwell Senior Investment Advisors sold Rose Hill Retirement Community, a 66-unit, 87-bed assisted living community in Marion, North Carolina. Originally built as a hospital, Rose Hill has been transformed by the seller over the past two decades into a senior care community. After a previous attempt to sell the community was unsuccessful,... Read More »
  • Joint Venture Buys Orange County Community

    A high-end seniors housing community in Orange County sold with the help of CBRE National Senior Housing. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged acquisition financing from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »
  • Developer Secures Construction Financing

    JLL Capital Markets arranged a $47 million construction financing for The Arbella at Blue Hills, a 164-unit, active adult community to be developed in Bloomfield, Connecticut. JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut.... Read More »
  • Midwest-Based Operator Refinances AL/MC Communities

    MONTICELLOAM, LLC, along with firm affiliates, provided a $28.5 million senior bridge financing for two Midwest seniors housing communities. The financing was originated by Karina Davydov, Senior Managing Director, Originations. The sponsor, a Midwest-based operator with a portfolio of over 40 seniors housing and healthcare properties and a... Read More »

Serving our Veterans

As today is Veterans Day, it seems most appropriate to mention there is a new senior living community being developed in Jacksonville, Florida that will serve, among others, the large veteran population surrounding the Mayport Naval Base and Air Station. Developers David Kirkland, Carson McCall and Wayne McCall are leading the effort to build Anthem Lakes and will enlist Perry-McCall Construction and PQH Architects for the project. A majority of the units (83) will be for assisted living, while 34 will be designated for memory care and 20 for independent living. Also, a portion of the memory care wing will be set aside for veterans with mild brain trauma or post-traumatic stress disorder,... Read More »