Transactions
Ventas acquires two Florida communities
Ventas has acquired Sonata Boca Raton and Sonata Vero Seashore senior housing communities and retained AgeWell Solvere Dwelling because the incumbent supervisor.
The transaction marks a brand new operator partnership between each firms, a press launch states.
“We’re excited to determine this relationship with Ventas, a pacesetter and true visionary within the senior housing business,” David Mills, president of AgeWell Solvere Dwelling, mentioned within the launch.
Stellar Senior Dwelling completes two Arizona acquisitions
Stellar Senior Dwelling has acquired The Oaks and The Groves, two communities in Arizona.
The acquisition was accomplished by way of a three way partnership with Bakerson Corporations. Stellar has managed each communities since 2023, a press launch states.
“It’s a privilege to convey The Oaks and The Groves into full possession beneath the Stellar Senior Dwelling identify,” Evrett Benton, president and CEO of Stellar, mentioned within the launch. “These are distinctive communities with excellent residents and workers. We’re excited to proceed constructing on their success and to serve the seniors of Arizona with the care and respect they deserve.”
Blueprint engaged in North Carolina deal
Blueprint was engaged by a nationwide lender and particular servicer to guide the gross sales strategy of a 75-unit senior residing group within the Raleigh, North Carolina metropolitan space.
The group “supplied a extremely engaging profile, together with robust in-place occupancy, strong money movement and publicity to one of many Southeast’s most strong senior housing markets,” in accordance with a press launch.
All through the method, there was “robust engagement” from regional operators, personal fairness teams and nationwide homeowners, the discharge states.
Blueprint advises on Alabama transaction
Blueprint was engaged to maximise the worth of a 46-unit assisted residing and reminiscence care group in Cellular, Alabama.
Challenged occupancy and unstable staffing had brought on the group to wrestle in recent times, in accordance with a press launch.
An owner-operator with an current presence within the space was finally chosen as the customer, the discharge states.
Blueprint engaged in Memphis transaction
Blueprint was engaged by a “outstanding lender and particular servicer” within the senior residing sector to assist promote a 52-unit assisted residing and reminiscence care group in Memphis, Tennessee.
The group struggled to bounce again from pandemic-era lows, in accordance with a press launch.
Prospects with a presence or curiosity within the space had been focused all through the method.
