Transactions
Retirement Housing Basis acquires 5 communities
Retirement Housing Basis introduced it closed on a $10.9 million acquisition of 5 inexpensive senior housing communities in Minnesota.
The properties, acquired from Ecumen, embrace Bethel Manor I & II and Winona Shores in Alexandria, Park Villa in Park Rapids and Parmly Lakeview in Chisago Metropolis. The acquisition ensures the communities will stay inexpensive for the subsequent 40 to 50 years, in accordance with a press launch.
“We’re excited to convey these stunning, vibrant communities into the RHF household,” Stuart Hartman, RHF president and CEO, mentioned within the launch. “This acquisition aligns with our mission to offer high quality, inexpensive housing for seniors.”
Blueprint was retained by a repeat consumer to market and promote an 11-story impartial residing and assisted residing in Winter Haven, Florida.
The group was initially inbuilt 1979 because the spring coaching facility for the Boston Crimson Sox earlier than being transformed and renovated into senior residing, in accordance with a press launch.
The brand new possession group is bringing in Atlas Senior Residing because the operator.
Lapis Advisors acquires Kingswood Senior Residing
Lapis Advisors, a particular scenario funding supervisor, introduced its acquisition of Kingswood Senior Residing, a greater than 300 unit persevering with care retirement group situated in Kansas Metropolis, Missouri.
Following the acquisition, Lapis intends to “make significant capital investments throughout the Kingswood campus, with a deal with modernizing facilities, enhancing operations and elevating the general resident expertise,” in accordance with a press launch.
Kauhale Well being has been chosen to guide the CCRC’s day-to-day operations.
Plains Industrial Actual Property proclaims sale of Greenbriar portfolio
Plains Industrial Actual Property introduced it bought the Greenbriar portfolio, a 3 constructing portfolio consisting of a 150 mattress expert nursing facility, 60 unit assisted residing facility, and a 61 unit impartial residing facility.
The portfolio is situated in Enid, Oklahoma and had by no means been bought beforehand, a press launch states.
The vendor was seeking to retire and the customer is a regional group, in accordance with the discharge.
Berkadia proclaims sale of Atria Park of San Mateo
Berkadia introduced it bought Atria Park of San Mateo, a 135-unit assisted residing and reminiscence care group in San Mateo, California.
Following the sale, the group is being rebranded to Harbor at Hillsdale, a press launch states.
The customer was an “institutionally capitalized partnership led by Shelter Actual Property Funding Methods and Calson Administration,” the discharge states.
Senior Residing Funding Brokerage facilitates the sale of a three-community portfolio in Alaska and Idaho.
The portfolio consists of 226 items, a press launch states.
The vendor is “a seasoned senior’s housing owner-operator,” in accordance with the discharge, and the customer is a Utah-based actual property funding belief.
Mergers
Nonprofits Mates Providers Alliance and MHS Affiliation merge
Mates Providers Alliance and MHS Affiliation have merged to type AQORD, a brand new nationwide group devoted to advancing values-aligned well being and human providers.
The brand new group turned efficient Jan. 1.
A press launch states the management crew for AQORD will embrace Karen Lehman, president and CEO; Clare Krabill, COO; Marianna Pessognelli, CFO; Karla Dreisbach, vp of compliance; Suzette Davis, vp of consulting; and Aja Moore-Ramos, senior director of communications.
Rocky Mountain Well being Care Providers, Bethesda Basis merge
Rocky Mountain Well being Care Providers, which operates Rocky Mountain PACE, and Bethesda Basis, which operates Bethesda Senior Residing Communities, introduced they’re merging.
The merger “builds on a long-standing partnership between the organizations” with practically 100 Rocky Mountain PACE contributors residing in Bethesda’s native assisted residing and reminiscence care communities, in accordance with a press launch.
“By becoming a member of forces, we’re strengthening our skill to serve older adults with dignity, compassion and excellence,” Nate Olson, CEO of Rocky Mountain PACE, mentioned within the launch. “This merger permits us to leverage sources and experience whereas persevering with the excessive requirements of care our contributors have come to count on.”
Financings
Brookdale refinances 2026 mortgage debt
Brookdale (NYSE: BKD) introduced the corporate accomplished a collection of financing transactions totaling $600 million.
Via the financings, the corporate refinanced all of its $350 million remaining 2026 mortgage debt maturities and roughly $200 million of its 2027 mortgage debt maturities, in accordance with a press launch.
The loans included $245.8 million of mortgage financing in a Fannie Mae credit score facility construction, $146.1 million by means of a Freddie Mac mortgage origination program and $205 million by means of a Capital One, Nationwide Affiliation mortgage mortgage, the discharge states.
Berkadia refinances three communities
Berkadia introduced it refinanced three communities, two in Texas and one in Florida.
The Texas communities had been refinanced by means of Freddie Mac financing for the Austin-based sponsor Journeyman Group for $30 million.
The Parkland, Florida group acquired a five-year mortgage on behalf of the sponsor, a three way partnership between Harrison Avenue Asset Administration and Allegro Senior Residing.
Berkadia refinances Bozeman Lodge
Berkadia introduced it secured a $33.75 million refinancing for Bozeman Lodge, an impartial and assisted residing group in Bozeman, Montana.
The financing was secured on behalf of Radiant Senior Residing.
That is the debt fund lender’s first seniors housing mortgage, in accordance with a press launch.
Partnerships
Precedence Life Care proclaims enterprise partnership with ECP
Precedence Life Care introduced it has entered into an enterprise partnership with senior residing software program platform ECP.
Underneath the partnership, PLC will undertake ECP’s scientific and move-in options together with its EHR and eMAR, as a part of a modernization effort throughout the corporate, a press launch states.
“Our imaginative and prescient has at all times been to construct a mannequin of care and operations that’s actually future-ready,” Sevy Petras, CEO of Precedence Life Care, mentioned within the launch.
Clarendale Six Corners companions with Northwestern Medication
Senior residing group Clarendale Six Corners has introduced a brand new partnership with Northwestern Medication.
The partnership brings Alexandra Petrakos to the group as advisory doctor and Rachel Lauber as nurse practitioner, in accordance with a press launch.
The collaboration “displays Clarendale Six Corners’ ongoing dedication to holistic, resident-centered care by increasing entry to main geriatric experience and preventive well being methods,” the discharge states.
