• Not-for-Profit to Expand Its California CCRC

    Ziegler announced the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority. This financing marks Ziegler’s first with Odd Fellows Home of California.  Odd Fellows Home of California, a California not-for-profit public benefit corporation,... Read More »
  • Joint Venture Secures Refinance for Full-Continuum Community

    CBRE National Senior Housing refinanced Harvard Square by Cogir, a full-continuum seniors housing community in Colorado owned by funds managed by affiliates of Fortress Investment Group and operated by Cogir Senior Living. Built in 1982 and significantly renovated several times over the last 10 years, the community has 41 independent living, 144... Read More »
  • Chartwell Retirement Residences Completes Portfolio Acquisition

    Chartwell Retirement Residences completed its previously announced purchase of six seniors housing communities spread throughout London (three), Dorchester, Waterloo and Mississauga in Ontario, Canada. The purchase price at closing totaled approximately CAD$416.2 million, or US$30 million. An additional CAD$15.8 million, or USD$11.36 million, is... Read More »
  • Class-A AL/MC Communities Trade on Long Island

    BWE Investment Sales’ Seniors Housing Team announced its involvement in the sale of Village Green Senior Living and Village Walk Senior Living, both in high barrier-to-entry locations on Long Island. BWE represented the seller, The D&F Development Group, in the disposition of the Class-A assets, which had the goal of building, leasing up and... Read More »
  • SLIB Tops $1 Billion in Texas Transactions

    Senior Living Investment Brokerage and Matthew Alley topped $1 billion in transaction volume in the state of Texas following the sale of a portfolio of four skilled nursing facilities. The Cascades Portfolio features a combined 647 beds and locations in Port Arthur (two), Houston and Galveston. The facilities were built from 1955 to 1993, with... Read More »

Transaction trifecta

Mike Garbers and Cody Tremper of Greystone Real Estate Advisors finished out the year strong with three closings, including U.S. Memory Care’s sale of four MC communities in Texas to a private investor, and a publicly traded REIT’s divestment of a 298-unit independent living community operated by Brookdale Senior Living in Southfield, Michigan. Tremper and Garbers’ final transaction of 2016 also involved Brookdale, as the company sold two of its Carolina seniors housing communities for $33 million. The Hendersonville, North Carolina community was built in 1985 and 1993 with an independent living building and a separate memory care facility. There was also a 30-year old property in... Read More »

Greystone gets it done

We’ve written plenty on the memory care (and assisted living) development boom going on in Texas, especially in the markets of Houston, Dallas-Fort Worth and San Antonio. And we have wondered how, if everyone and their neighbor is building memory care in those areas, the communities would fill up. That will be the challenge for a private investor who just bought four recently-built stand-alone memory care communities previously owned and operated by U.S. Memory Care. Located in Cedar Park (Austin MSA), Houston, Plano (Dallas MSA) and Colleyville (also Dallas), these communities were built between 2013 and 2015 with 70 units and 75 beds. U.S. Memory Care also included a beauty/barber shop,... Read More »