Monarch Advisors Funds Development in South Carolina

A Charleston, South Carolina-based developer, WV Ventures, engaged Alec Blanc of Monarch Advisors (an affiliate of Senior Living Investment Brokerage) to close construction financing for a to-be-built senior living community in southern Georgia. The 80-unit project received senior and mezzanine debt equal to 75% of its total development cost. Monarch secured the senior loan from […]

Two Senior Care Centers Facilities Sell in Texas

Two Texas skilled nursing facilities formerly operated by the now-bankrupt Senior Care Centers (SCC) found a new owner with the help of Matthew Alley of Senior Living Investment Brokerage. Both built in 2008, these two SNFs each have 128 licensed beds, 51,000 square feet, and are located in growing central Texas submarkets. They were the […]

SLIB Announces Two Assisted Living Sales in the Southeast

Senior Living Investment Brokerage announced two sales in the Southeast. First, Daniel Geraghty and Bradley Clousing represented a local owner in their exit from the seniors housing market by selling their personal care home in Holly Springs, Mississippi. Built in 1999, the community has 38 units (all of which feature a private bathroom), with 11 […]

Active Adult Attracts Buyer in SoCal

Active adult communities continue to draw attention from investors, particularly those not traditionally involved with the more service-oriented property types like assisted living and memory care. Brad Goodsell and Jason Punzel of Senior Living Investment Brokerage recently represented a privately-owned multifamily group in its sale of a 320-unit age-restricted community in Hemet, California. The buyer […]

Milwaukee-Based Operator Buys Struggling Wisconsin Community

After being placed into receivership when its not-for-profit owner failed to make its bond payments, a senior living campus in Racine, Wisconsin just sold to a regional owner/operator with the help of Jason Punzel and Ryan Saul of Senior Living Investment Brokerage. Featuring 74 units of independent living (with limited services) and 40 units of […]

Local Doctor Invests in Iowa Assisted Living

Not unlike the 2020 Democratic field, Nick Cacciabando and Jeff Binder of Senior Living Investment Brokerage descended on Cedar Rapids, Iowa, to close the sale of an assisted living community. Originally built in 1910 as a private residence, the community was renovated, expanded and converted to assisted living in 1995, and now features 42 units. […]

Local Doctor Buys Rural Texas Assisted Living

Using his expertise in the Texas M&A market, Matthew Alley of Senior Living Investment Brokerage sold an assisted living community in rural east Texas for $2.8 million, or $56,000 per unit. Originally built in 1994, the 50-unit community is the only licensed assisted living property in Franklin County. It includes 68 licensed Type A beds, […]

Missouri Operator Goes for Scale in SLIB Sale

A large Missouri-based skilled nursing operator just increased its scale in the region with the purchase of a 136-bed skilled nursing/assisted living facility in Pacific, Missouri. Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage facilitated the transaction, generating eight offers for the facility. Originally built in 1986, the SNF portion features 120 beds […]

Clousing Sizzles in the Southeast

The summer heat isn’t getting to Brad Clousing of Senior Living Investment Brokerage, who recently closed two transactions in the Southeast. First, Mr. Clousing was joined by Daniel Geraghty and Dave Balow to sell a personal care community about 65 miles northeast of Atlanta. Originally built in 1994, the community operates with 24 private personal […]