Senior Living Residences expands to Connecticut
Massachusetts-based Senior Living Residences has taken over management of Ridgefield Station Senior Living, an assisted living and memory care community in Ridgefield, Connecticut.
Ridgefield Station, formerly Atria Ridgefield managed by Atria Senior Living, represents SLR’s first community in Connecticut.
Grandbridge Real Estate Capital closes dual sales to Convivial
Tampa-based Grandbridge Real Estate Capital announced the sale of a Jensen Beach, Florida-based assisted living and memory care community and an adjacent 11-acre development parcel to Convivial Life, a Florida-based nonprofit organization.
The Cabana at Jensen Dunes is a 126-unit community and the land parcel is fully entitled for more than 210 units of independent living. The combined purchase price was $32.5 million.
Blueprint advises on sale of 2-community portfolio
Chicago-based Blueprint Healthcare Real Estate Advisors announced the sale of a two-property portfolio owned and developed by Atlanta-based Aspire Development Partners.
The communities – Canton, Georgia-based The Arbor at Bridgemill and Amelia Island, Florida-based The Lakeside at Amelia Island – were managed by the Arbor Company.
Tryko acquires Philly-area community
Brick, New Jersey-based Tryko Partners announced the acquisition and re-branding of a Langhorne, Pennsylvania continuing care retirement community.
Oxford Enhanced Senior Living, formerly the Attleboro Community, is located about 25 miles north of Philadelphia and includes a skilled nursing facility branded the Oxford Rehabilitation & Healthcare Center.
Atlas Senior Living and Salta Capital add two communities
Atlas Senior Living, based in Birmingham, Alabama, and Australia-based Salta Captial announced the addition of two Southern communities to their respective portfolios.
The Goldton at Athens, based in Athens, Alabama is an independent and assisted living community and the Goldton at Spring Hill, located in Spring Hill, Tennessee is an assisted living and memory care facility. The communities will be operated by Atlas senior living.
Helios Healthcare Advisors assists refinancing of Idaho Communities
Chicago-based Helio Healthcare Advisors announced its role in arranging $19.5 million in refinancing for The Homestead Senior Living., The Homestead is a two-campus independent living, assisted living, and memory care community located in Rexburg and St. Anthony, Idaho.
Capital Funding sets financing record in 2021
Baltimore-based Capital Funding, a subsidiary of CFG Bank, announced a record-setting $3.8 billion in financing and 155 deals, the majority of which (about 3.1 billion) came from 70 healthcare and multifamily bridge loans.
CFG’s seniors housing division provides loans and financing for active adult, independent living, assisted living, ad memory care communities.
Closed Idaho community sold
Heritage of Boise, a 92-unit assisted living and memory care community in Boise, Idaho that ceased operations in Sept. 2021, has been purchased by Boise Rescue Mission.
Boise Rescue Mission rebranded and repurposed the community now called Sonrise Transitional Housing. The community will welcome formerly homeless residents with the goal of transitioning them into independent living settings.
Dwight Capital closes more than $291 million in financings in Q4 2021
New York City-based Dwight Capital announced more than $291 million in seniors and healthcare financings during Q4 2021.
The firm’s commercial mortgage real estate investment trust (REIT), Dwight Mortgage Trust, funded bridge loans for Certus Portfolio which included an $89 million bridge acquisition loan for a portfolio of 15 nursing facilities in Ohio.
Blueprint announces recapitalization of two communities
Blueprint Healthcare Real Estate Advisors announced the recapitalization of two memory care facilities located in Oklahoma City and Dallas Fort Worth, respectively.
Both communities leased up quickly and maintained occupancy levels above 95% throughout the Covid-19 pandemic while generating $5.9 million in total revenue with an operating margin of 32.5%.
Bellwether Enterprise closes $21 million loan for HRA Senior Living Community
Cleveland-based Bellwether Enterprise Real Estate Capital announced the closing of a $21 million Freddie Mac loan for the refinance of an assisted living and memory care facility.
Located in Naperville, Illinois, HarborChase is a 101-unit building managed by HRA Senior Living.
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