Transactions
Majestic Residences acquires Avendelle Senior Dwelling
Majestic Residences introduced it has acquired Avendelle Senior Dwelling, increasing its footprint and establishing a scaled platform within the quickly rising residential assisted residing sector.
The acquisition provides 17 working houses and 6 houses in lively growth to Majestic Residences’ portfolio, a press launch states.
Avendelle can be built-in into the Majestic Residences platform, with Avendelle’s “skilled company staff retained to make sure operational continuity and protect institutional information,” in line with the discharge.
Stellar expands in San Antonio
Stellar Senior Dwelling continues to develop in San Antonio, Texas via the addition of Villa de San Antonio Senior Dwelling.
The addition of the group expands Stellar’s relationship with Ventas (NYSE: VTR), in line with a press launch.
“We’re honored to welcome Villa de San Antonio Senior Dwelling to the Stellar household,” Evrett Benton, chairman of the board at Stellar Senior Dwelling, stated within the launch.
Ohio Dwelling expands with acquisition
Nonprofit Ohio Dwelling introduced it has expanded via the acquisition of The Ganzhorn Suites, a specialised reminiscence care group in Powell, Ohio.
Efficient Feb. 18, the group can be renamed to Ohio Dwelling Ganzhorn Suites, a press launch states.
“Ganzhorn Suites and Ohio Dwelling share a powerful tradition of resident-centered care, and we’re honored and excited to affix collectively,” Ohio Dwelling CEO Laurence Gumina, stated within the launch. “Over the previous 5 years, Ohio Dwelling’s campus communities have earned reminiscence care certifications via the Hearthstone Institute, and this addition serves to strengthen our imaginative and prescient to ship best-in-class reminiscence care to each particular person we serve.”
JLL sells pair of communities in Connecticut
JLL Capital Markets was concerned within the sale of two communities in southern Connecticut.
The communities embrace The Residence at Selleck’s Woods in Darien and The Residence at Summer time Road in Stamford, a press launch states. A separate press launch states the communities have been acquired by Harrison Road and “expands HSAM’s long-standing partnership with LCB Senior Dwelling.”
The JLL seniors housing funding gross sales and advisory staff representing the vendor was led by senior managing administrators Jay Wagner, Rick Swartz and Aaron Rosenzweig and senior director Jim Dooley, in line with the discharge.
Blueprint facilitated the sale of an 80-unit group in Birmingham, Alabama’s prosperous southeastern hall.
The group was offered on behalf of a repeat investor, in line with a press launch, and was offered to a public actual property funding belief with a longstanding Blueprint relationship.
The group had been repositioned via a $5 million renovation effort.
Cushman & Wakefield brokers Philadelphia sale
Cushman & Wakefield introduced it brokered the sale of The Terrace at Chestnut Hill, a 62,600-square-foot, 108-unit assisted residing and reminiscence care group in Northwest Philadelphia.
“The Terrace at Chestnut Hill represents precisely what in the present day’s buyers need,” Joshua Jandris, Cushman & Wakefield vice chair, stated in a press launch. “In a supply-constrained market, properties that supply sturdy occupancy development inside well-located, walkable neighborhoods proceed to drive important demand.”
MVJ Ventures LLC was the customer, who was represented by Evans Senior Investments, the discharge states.
SLIB advises on 229-unit portfolio sale
Senior Dwelling Funding Brokerage suggested on the sale of a 229-unit senior housing portfolio together with two property in Bloomington and Fridley, Minnesota.
“The dual cities is a goal marketplace for buyers proper now and these two property are spectacular and fascinating services inside that market,” Jake Anderson, senior vice chairman at SLIB, stated in a press launch.
The vendor is a partnership of regional builders searching for to recycle capital into new alternatives, and the customer is a nationwide actual property funding belief partnering with the present regional operator, the discharge states.
Berkadia introduced its involvement within the sale and financing of Grand Dwelling at Tamaya, a Class A 171-unit unbiased residing, assisted residing and reminiscence care group in Jacksonville, Florida.
The property is the one non-CCRC within the submarket providing unbiased residing, assisted residing and reminiscence care, a press launch states.
The sale was organized on behalf of Ryan Firms US, Inc.
Berkadia proclaims two Florida gross sales
Berkadia introduced it offered two senior communities in Florida.
The primary is a 128-unit assisted residing and reminiscence care group within the Orlando metropolitan space, which was acquired by “a number one proprietor of seniors housing,” in line with a press launch.
The opposite was a 130-unit group within the Jacksonville metropolitan space that was inbuilt 2015 and offered on behalf of a Maryland-based personal fairness funding agency, the discharge states.
Financings
Berkadia introduced it secured $27.5 million in financing on behalf of a seniors housing group situated in Idaho.
The group’s possession is a first-time Berkadia consumer and is situated in Tennessee, a press launch states.
The 191-unit group boasts a 97% occupancy charge, the discharge states.
Helios arranges acquisition financing
Helios Healthcare Advisors introduced it organized the acquisition financing for Marble Falls Assisted Dwelling, a 25-unit assisted residing group situated in Marble Falls, Texas.
On the time of the acquisition, the group was reported to be underperforming and working at a cash-flow deficit, a press launch states.
Financing was supplied by an Arkansas-based business financial institution, the discharge states.
