REBusinessOnline

SLIB Negotiates Sale of 159-Unit Big Sky Senior Living in Butte, Montana

BUTTE, MONT. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Big Sky Senior Living in Butte.The community features 159 units of independent living, assisted living and memory care. The 87,000-square-foot asset was built in 1997 and sits on 11.3 acres of land.The seller is a locally based regional owner-operator. The buyer is a regional owner-operator based in the West that is expanding in the Mountain West. The price was not disclosed.Jason Punzel, Brad …

SLIB Brokers Sale of 38-Unit Seniors Housing Property in Portland, Oregon

PORTLAND, ORE. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Cornerstone Care Option, a 38-unit, 56-bed skilled nursing facility in Portland.The community was originally built in 1955 on 7.3 acres, with renovations in 2006. The 98,700-square-foot asset was 98 percent occupied.The seller was a local owner-operator looking to retire from seniors housing. A regional group based in the West acquired the property for an undisclosed price.Jason Punzel, Brad …

John Knox Village Breaks Ground on $120M Seniors Housing Expansion in Pompano Beach, Florida

POMPANO BEACH, FLA. — John Knox Village of Florida (JKV), a continuing care retirement community in the South Florida city of Pompano Beach, has broken ground on Westlake, a two-tower, $120 million expansion.The groundbreaking comes on the heels of the completion of The Pavilion, a $35 million addition that included a 380-seat cultural arts center, two restaurants and a bar.“Over the past five years, a master site plan has been developed to guide the capital improvements of our …

Kisco Senior Living Enters Upscale Seniors Housing Segment with Acquisition of Crestavilla in Laguna Niguel, California

LAGUNA NIGUEL, CALIF. — Kisco Senior Living has taken over operations of Crestavilla, a luxury seniors housing community in the Orange County city of Laguna Niguel.Affiliates of Kisco Senior Living and Harrison Street as advisor to an institutional investor fully transferred operations and management of Crestavilla from Atria Senior Living to Kisco.The LEED Gold-designated community offers 201 studio, one- and two-bedroom floorplans for independent living, assisted living and memory …

Blueprint Negotiates Sale of 86-Unit Senior Living Campus in Brockton, Massachusetts

BROCKTON, MASS. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Connemara Senior Living, an 86-unit independent living, assisted living and memory care community located in the southern Boston suburb of Brockton. The community was originally built in 1990. Elevation Financial Group acquired the property and plans to convert it to an affordable seniors housing complex. The seller and price were not

Foundry Commercial Buys 24-Property Spring Arbor Senior Living Portfolio in Mid-Atlantic

ORLANDO — Foundry Commercial, in partnership with an investment fund managed by Morgan Stanley Real Estate Investing, has purchased the Spring Arbor Senior Living collection of 24 assisted living and memory care communities across the Mid-Atlantic. As part of the transaction, Foundry Commercial acquired the current operator, which will continue to manage the properties post-closing.The portfolio contains 1,424 units throughout Maryland, North Carolina and Virginia, with capacity for more …

Anthology Senior Living Plans 130-Unit Community in North Austin

AUSTIN, TEXAS — Anthology Senior Living has announced plans to develop a 130-unit seniors housing community in North Austin. Anthology of The Arboretum will span 131,000 square feet and offer assisted living and memory care options. Units will be available in studio, one- and two-bedroom formats. Cadence McShane is the general contractor for the project, which is scheduled for completion in spring

Evergreen Real Estate Group Breaks Ground on 120-Unit Assisted Living Community in Indiana

VALPARAISO, IND. — Chicago-based Evergreen Real Estate Group has broken ground on Green Oaks of Valparaiso, a 120-unit assisted living community for low-income seniors in Valparaiso, a city in northwest Indiana. The $30 million, three-story project is slated for completion in April 2023.All of the units will be reserved for seniors age 62 or older with incomes at or below 60 percent of the area median income. Gardant Management Solutions will manage the community. Amenities will include a …

Anthology Senior Living to Develop 121-Unit Community in Dallas

DALLAS — Anthology Senior Living will develop a 121-unit community in the Highland Park area of Dallas. Anthology of Highland Park will be an 11-story building with 97 assisted living residences and 24 memory care suites, available in studio, one-bedroom and two-bedroom configurations. The 144,000-square-foot community will be located within three miles of UT Southwestern Medical Center and within one mile of the Knox Street retail corridor. Cadence McShane is the general contractor for the …

Capital Funding Group Provides $11.3M Acquisition Loan for Skilled Nursing Facility in Sacramento

SACRAMENTO — Capital Funding Group (CFG) has provided $11.3 million in bridge-to-HUD financing for the acquisition of a 121-bed skilled nursing facility in Sacramento. The borrower was not disclosed.Capital Funding Group’s Tim Eberhardt and Ava Julio originated the financing. Further details of the transaction were not

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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