REBusinessOnline

SLIB Arranges $15.5M Sale of HOLI Senior Living Community in Hillsboro, Oregon

HILLSBORO, ORE. — Senior Living Investment Brokerage has negotiated the sale of HOLI Senior Living, a 72-unit assisted living and memory care community in Hillsboro, a suburb of Portland.The community was built in 2019, totaling 39,460 square feet on 2.1 acres.The seller was a local developer and operator, with this being its only seniors housing asset. A private equity firm from Texas bought the property for $15.5 million and installed a Pacific Northwest-based operator.Jason …

Acquisitions, Multifamily, Oregon, Seniors Housing, Western

Highgate Capital, Aurora Health to Buy 300-Property Healthcare Portfolio in Deal Valued at $3.2B

BOCA RATON, FLA. — DigitalBridge (NYSE: DBRG) has agreed to sell its entire wellness portfolio, consisting of 300 seniors housing, skilled nursing, medical office and hospital properties, in a deal valued at $3.2 billion. The buyers are Highgate Capital Investments and Aurora Health Network.Before announcing its rebrand to DigitalBridge in June, the Boca Raton-based real estate investment trust (REIT) was formerly known as Colony Capital. The sale is the final step of the company’s …

Florida, Healthcare, Seniors Housing, Southeast, Top Stories

Strawberry Fields REIT Acquires Six Nursing Facilities in Kentucky, Tennessee for $81M

SOUTH BEND, IND. — Strawberry Fields, a South Bend-based owner of long-term acute care hospitals, skilled nursing and assisted living facilities, has acquired six skilled nursing facilities located in Kentucky and Tennessee for $81 million. The properties include:• Landmark of Kuttawa, a 65-bed skilled nursing facility located at 1253 Lake Barkley Drive in Kuttawa, Ky., that was built in 1968. • Agape Rehabilitation & Nursing Center, an 84-bed skilled nursing facility located at …

Acquisitions, Kentucky, Multifamily, Seniors Housing, Southeast, Tennessee

Origin Construction to Build $75M Seniors Housing Community in Port St. Lucie, Florida

PORT ST. LUCIE, FLA. — Miami-based Origin Construction will build America Walks, an active adult rental community in Port St. Lucie spanning 60 acres and more than 400 residences. The project is expected to cost $75 million to develop and deliver in the third quarter of 2023. Ohio-based America Walks is the developer for the gated community.America Walks will feature both a residential and recreational component, including two four-story apartment buildings with 115 units, as well as 300 …

Development, Florida, Multifamily, Seniors Housing, Southeast

CBRE Arranges $19.5M Financing for Harbour Pointe Senior Living in Mukilteo, Washington

MUKILTEO, WASH. — CBRE Senior Housing has arranged $19.5 million in financing for Harbour Pointe Senior Living, a 106-unit assisted living and memory care community in Mukilteo, approximately 25 miles north of downtown Seattle.Aron Will, Austin Sacco and Adam Mincberg of CBRE Senior Housing arranged the financing on behalf of a joint venture between Capitol Seniors Housing and a large university endowment. Integral Senior Living operates the community.The community, originally …

Loans, Multifamily, Seniors Housing, Washington, Western

TWG Opens $11M Affordable Seniors Housing Project in Indianapolis

INDIANAPOLIS — TWG has opened Line Lofts Apartments, an $11 million affordable seniors housing project on the east side of Indianapolis. Located at 1145 E. Washington St., the property features 63 two-bedroom units. One-fifth of the units are designed and reserved for seniors with visual impairments, as part of a partnership between TWG and local nonprofit Visually Impaired Preschool Services (VIPS).The property includes specific features to aid visually impaired residents, including …

Affordable Housing, Development, Indiana, Midwest, Multifamily, Seniors Housing

SLIB Negotiates $8M Sale of Manor Hills Assisted Living Facility in Wellsville, New York

WELLSVILLE, N.Y. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Manor Hills Assisted Living for $8 million. Located in Wellsville, near the New York-Pennsylvania border, the asset features 89 assisted living and memory care units and was built in 1989. The seller was a private owner that previously divested its skilled nursing portfolio. The privately held buyer was an Albany, N.Y.-based seniors housing owner-operator. Dave Balow from SLIB handled the

Acquisitions, Multifamily, New York, Northeast, Seniors Housing

After 18 Months, Seniors Housing Operators More Adept at Handling COVID-19 Crisis, Says InterFace Panel

ATLANTA — Seniors housing operators have been grappling the past 18 months with how to maintain their properties and keep occupancy high while also protecting their staff and residents, who are the most vulnerable population for infections and death from the COVID-19 outbreak. With the rise of the Delta variant in recent weeks, owners and operators are having to make tough decisions to care for their residents, although now they have built some muscle memory on how to operate effectively amid …

Conference Coverage, Features, Georgia, Seniors Housing, Southeast, Southeast Feature Archive

CBRE Arranges $10M Financing for Emerald City Senior Living in Seattle

SEATTLE — CBRE Senior Housing has arranged $10 million in financing for Emerald City Senior Living, a 119-unit assisted living and memory care community in Seattle.The community sits six miles north of downtown Seattle within the Maple Leaf neighborhood, a burgeoning and affluent residential area of Seattle. Built in 2006 by a seniors housing architect, the community features high-end amenities.Aron Will, Austin Sacco and Adam Mincberg of CBRE Senior Housing, arranged the financing on …

Acquisitions, Loans, Multifamily, Seniors Housing, Washington, Western

Volunteers of America Breaks Ground on Desert Oasis Affordable Seniors Housing Expansion In Las Vegas

LAS VEGAS — Volunteers of America National Services (VOANS) has broken ground on Phase II of Desert Oasis, an affordable seniors housing property in Las Vegas.Phase II will add 43 new units to the existing 75 units in the Desert Oasis community. The building will include a recreational clubhouse facility with a computer room, exercise room, laundry facilities and a community garden.Desert Oasis will be built with energy-efficient systems using green building techniques and including …

Affordable Housing, Development, Multifamily, Nevada, Seniors Housing, Western
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