• Family Divests Upstate New York ALP

    by | Jan 2, 2026 3:43 pm | Acquisitions

    After running an assisted living/memory care community in Lockport, New York (Rochester MSA), for over three generations, a family has decided to divest and exit the industry. They engaged Dave Balow, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage to sell the asset. Built in 1982 and 1988, with a memory care expansion in 2017,... Read More »

  • Joint Venture Acquires California Facilities

    by | Jan 2, 2026 3:42 pm | Acquisitions

    At the end of a busy year of acquisitions, Stacked Stone Ventures announced one more on New Years Eve. The San Clemente, California-based real estate investment firm acquired two skilled nursing facilities in a joint venture with Praxis Capital for $8.25 million, or $43,200 per bed. The facilities feature a total of 191 skilled nursing and... Read More »

  • City of Wichita Issues Bond Financing

    by | Jan 2, 2026 3:40 pm | Financings

    Ziegler successfully closed Larksfield Place’s $45.205 million Series 2025 bonds, issued through the City of Wichita, Kansas. Larksfield is a not-for-profit, single-site CCRC founded in 1988 in northeast Wichita. The 67-acre campus includes 22 independent living villas, 164 independent living apartments, 62 assisted living apartments, 10 memory... 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 »

  • Active Adult Community Secures Freddie Mac Refinance

    by | Nov 26, 2025 12:44 pm | Financings

    An active adult community in Hurst, Texas, paid off its existing bank debt with a Freddie Mac refinance arranged by Berkadia. Heritage Village Residences was built in 2014 with 120 units, including 10 cottages. It was part of multiple acquisitions over the years, first in 2020 when Edison Equity Management Corporation bought it for $23.3 million... Read More »
More Sales From Newmark

More Sales From Newmark

by | Dec 21, 2020 9:23 am | Acquisitions

We have recently reported on some larger transactions from the Newmark team, but they have also closed some smaller ones. In late November, the team closed on the sale of a 150-unit active adult community in Texas. The community was built in 2015 and has 150 units. They went to market in later 2019 but then the pandemic interrupted the process.  That did not deter buyer and seller, as they waited it out for occupancy to get to 92%, which it did, and the deal closed. The price was $57.75 million, or $385,000 per unit, and came with an in-place cap rate close to 4.5%. Greystar will remain as the operator. Newmark and The Carlyle Group, the owners of Greystar,... Read More »
Newmark Closes Out 2019 With A Bang

Newmark Closes Out 2019 With A Bang

by | Dec 30, 2019 6:00 am | Acquisitions

We told you that the folks at Newmark Knight Frank were going to have a big year end, and in the days just before Christmas they closed four transactions worth about $550 million in total. Not a bad way to end the year, and we hope they are all off on vacation until January 5. In the largest transaction, Ryan Maconachy and Chad Lavender sold a portfolio of three Discovery Senior Living-operated assets on behalf of Kayne Anderson. The three communities with 483 units are located in Virginia, Pennsylvania and Delaware and average about 45% independent living, 34% assisted living and 21% memory care units. Overall occupancy is a solid 94%. The buyer was Partners Group, an international... Read More »
CBRE’s “Triple-A” Acquisition Financing

CBRE’s “Triple-A” Acquisition Financing

by | Jan 25, 2019 7:00 am | Acquisitions, Financings

Aron Will, Austin Sacco and Adam Mincberg of CBRE helped arrange acquisition financing on behalf of Angelo Gordon & Co. and Auctus Capital Partners to purchase an assisted living/memory care community in Oakland, California. Located in the affluent submarket of Rockridge, this 148-unit community was originally built in 1981 but recently underwent two multimillion-dollar renovations which have made it a top competitor in the area. The first renovation in 2013 converted 30 assisted living units into a dedicated memory care wing, and the second renovation in 2016 (at $4.8 million) saw updates made to the interior and exterior common areas, amenities, units and landscaping. On top of that,... Read More »
The Gold Standard A Bit Tarnished

The Gold Standard A Bit Tarnished

by | Nov 28, 2018 7:02 am | 60 Seconds, Opinion

A scathing article from The Washington Post discloses quality problems at HCR ManorCare before its sale to Welltower and ProMedica Health System. For those of you who missed the Thanksgiving weekend article from the Washington Post about poor care at HCR ManorCare’s nursing facilities in Pennsylvania, well, why ruin a great weekend? All kidding aside, it did not portray HCR ManorCare in a very good light, citing numerous cases of poor care and lack of staffing. But I am not sure if they were attacking HCR ManorCare itself, or The Carlyle Group, which owned the company at the time and did the $6 billion sale/leaseback which financially strangled them. Granted, most of the events cited in... Read More »
CBRE Completes Kennewick Recap

CBRE Completes Kennewick Recap

by | Mar 22, 2018 3:32 pm | Financings

Switching around lending partners, a joint venture between Bourne Financial Group and Cascadia Senior Living recapitalized and refinanced their 138-unit assisted living/memory care property in Kennewick, Washington, with the help of CBRE’s Aron Will. The memory care portion was completed in 2015, with the assisted living finished in 2016, and since then, both acuities have quickly stabilized. The property is considered to be very high quality for the area and includes amenities like restaurant-style dining, cafes, putting greens, yoga and fitness studios, Wii bowling and movie theaters. To recapitalize the property, Mr. Will secured a $26.35 million loan, with a seven-year, fixed-rate term... Read More »