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 operated by Atria Senior Living, represents the first SLR community in Connecticut.
Grandbridge Real Estate Capital completes double sale with Convivial
Tampa-based Grandbridge Real Estate Capital announced the sale of a Jensen Beach, Florida-based memory care and assisted living community and an adjacent 11-acre development parcel to Convivial Life, an organization Florida-based nonprofit.
The Cabin at Jensen Dunes is a 126 unit community and the plot of land is fully entitled to over 210 independent living units. The combined purchase price was $32.5 million.
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 – The Arbor, based in Canton, Georgia, in Bridgemill and Amelia Island, Florida, The Lakeside, in Amelia Island – were managed by Arbor Company.
Brick, New Jersey-based Tryko Partners announced the acquisition and rebranding of a continuing care retirement community in Langhorne, Pennsylvania.
Oxford Enhanced Senior Living, formerly Attleboro Community, is located approximately 25 miles north of Philadelphia and includes a skilled nursing facility called Oxford Rehabilitation & Healthcare Center.
Atlas Senior Living and Salta Capital add two communities
Birmingham, Alabama-based Atlas Senior Living and Australia-based Salta Capital have announced the addition of two Southern communities to their respective portfolios.
The Goldton at Athens, based in Athens, Alabama, is an independent living 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 Idaho Communities Refinance
Chicago-based Helio Healthcare Advisors announced its role in arranging a $19.5 million refinancing for The Homestead Senior Living., The Homestead is an independent living, assisted living and care community the memory on two campuses located in Rexburg and St. Anthony, Idaho.
Capital Funding sets a funding record in 2021
Baltimore-based Capital Funding, a subsidiary of CFG Bank, announced record $3.8 billion in funding and 155 deals, the majority of which (about $3.1 billion) came from 70 healthcare bridge loans and multifamily.
CFG’s senior housing division offers loans and financing to working adults, independent living, assisted living and memory care communities.
Heritage of Boise, a 92-unit assisted living and memory care community in Boise, Idaho, which ceased operations in September 2021, was purchased by Boise Rescue Mission.
Boise Rescue Mission renamed and repurposed the community now called Sonrise Transitional Housing. The community will welcome former homeless residents with the aim of integrating them into independent living environments.
Dwight Capital Closes Over $291M in Fundings in Q4 2021
New York-based Dwight Capital announced more than $291 million in funding for seniors and healthcare in the fourth quarter of 2021.
The company’s commercial mortgage real estate investment trust (REIT), Dwight Mortgage Trust, funded bridge loans for the Certus portfolio, which included an $89 million acquisition bridge loan for a portfolio of 15 nursing homes in Ohio.
Blueprint announces the 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 rented quickly and maintained occupancy levels above 95% throughout the Covid-19 pandemic while generating total revenues of $5.9 million with an operating margin of 32.5 %.
Cleveland-based Bellwether Enterprise Real Estate Capital announced the closing of a $21 million Freddie Mac loan to refinance an assisted living and memory care facility.
Located in Naperville, Illinois, HarborChase is a 101-unit apartment building managed by HRA Senior Living.