BURLINGTON, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet. A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price. Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction.
ALISO VIEJO, CALIF. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in southern California’s Aliso Viejo. Harrison Street Asset Management was the borrower. Opened in 2019, the community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.
GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.
CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.
ALBANY, GA. — Lockwood Cos. has broken ground on Dogwood Trail Apartments II, a 40-unit affordable seniors housing community located in the South Georgia city of Albany. Construction of Dogwood Trail Apartments II is estimated to take 14 months to complete, with a scheduled opening in winter 2027. Upon completion, the senior living community will provide housing for residents age 55 and older who earn 30, 50, 60 and 70 percent of the area median income (AMI). In partnership with the Albany Housing Authority, eight units will also be set aside for residents with project-based Housing Choice Vouchers. Dogwood Trail Apartments II will offer 20 one-bedroom and 20 two-bedroom apartments with elevators. The energy-efficient project will meet National Green Building Standards and will be furnished with dishwashers and washer/dryer connections. Additionally, all units will be pre-wired for cable and high-speed internet access.
NOBLESVILLE, IND. — JLL Capital Markets has arranged the sale of Outlook Hamilton, a 172-unit luxury active adult community in Noblesville. Delivered in 2023, the property is situated adjacent to Hamilton Town Center and features one- and two-bedroom floor plans. Amenities include a fitness center, sports lounge, theater, great room, courtyard, community garden, dog park and detached garages for rent. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Sam Dylag, Tim Hosmer and Sandis Seale of JLL represented the seller, Capitol Seniors Housing. The team partnered with JLL’s Amanda Friant, Jenny Hull, Holly Hunt, Ken Martin and Nelson Almond. Middle Street Partners and its limited partner, Parse Capital, purchased the asset.
WINTER PARK, FLA. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly six miles northeast of Orlando. Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie theater, fitness center, yoga studio and a wellness center with a salon, massage studio and sauna. Completion of construction is scheduled for the fourth quarter of 2027. The project team includes Winter Park Construction and Forum Architecture & Design. United Plus Property Management, the management arm of United Group, will operate the community.
TEXAS — KeyBank Real Estate Capital has provided $157.2 million in financing for a portfolio of seven skilled nursing facilities in Texas. The facilities are located in Mission, McAllen, Weslaco, Rio Grande City, Spring, Seguin and Eagle Pass. The number of beds was not disclosed. Grant Saunders, Peter Trazzera and Patrick Gilbreath of KeyBank originated the financing, which carries a 35-year term and a fixed interest rate, through the FHA’s 232/223(f) mortgage insurance program. The borrower is Wellsential Health.
FARIBAULT, MINN. — Marcus & Millichap has negotiated the $6.5 million sale of Pleasant View Estates, a 36-unit assisted living and memory care facility in Faribault, about 50 miles south of Minneapolis. Built in 1998, the property sits on 4.8 acres at 41 Brand Ave. The 44,300-square-foot facility includes 24 one-bedroom units and 12 two-bedroom units. Approximately 75 percent of the residents are Medicaid assisted living facility occupants. The building is connected to a vacant skilled nursing home formerly known as Pleasant Manor. Ray Giannini of Marcus & Millichap represented the seller, Monarch Healthcare Management, and procured the buyer, a regional private investor.
HENDERSON, NEV. — Investcor has announced plans for a new, 244-unit luxury senior living project in Henderson, a city located roughly 15 miles southeast of Las Vegas. The City of Henderson is currently reviewing the project plans. Upon completion, the community, dubbed Valara, will feature independent living, assisted living and memory care residences within one building. Valara will be situated adjacent to a Whole Foods within The District at Green Valley Ranch, a mixed-use development. Planned amenities at the community include a tearoom, whiskey lounge, multiple restaurants and private dining rooms, an indoor/outdoor bar, gardening programs, educational classes, a movie theater, two fitness centers, a steam room and sauna with an outdoor pool, recreation and activity programming and a pet spa. Development and investment firm Investcor’s current portfolio totals over $1.6 billion in real estate projects across the hospitality, residential, mixed-use and senior living sectors.
