Transactions
Oxford Capital Group acquires 11 Minnesota properties
Oxford Capital Group introduced it has acquired 11 senior dwelling properties within the Minneapolis, Minnesota space.
The Carefree Portfolio will now be managed by Oxford’s senior housing administration affiliate, Oxford Dwelling US, LLC, in line with a press launch.
The discharge states Oxford will “make investments a number of million {dollars} within the coming years enhancing the properties and can add companies in a number of of the properties as wanted.”
JDI Realty grows senior dwelling portfolio with two acquisitions
JDI Realty introduced it made two acquisitions for Dimensions Dwelling Stevens Level in Stevens Level, Wisconsin and a five-property portfolio in Michigan.
The acquisitions deliver JDI’s senior dwelling portfolio to 898 models throughout three states, in line with a press launch.
“With a powerful pipeline and dedicated capital, we plan to make a big funding into the house over the subsequent 12 to 18 months,” Adam Seidenberg, who oversees JDI’s senior housing investments, mentioned within the launch.
Harbor Retirement Associates introduced its administration acquisition of Cadence of Olney in Olney, Maryland on April 15.
Because the acquisition, the 129-unit neighborhood has been rebranded to HarborChase of Olney, in line with a press launch.
The discharge states HRA plans so as to add all HarborChase eating places to the neighborhood, in addition to “parallel programming and very important life enrichment packages.”
Blueprint manages seven-asset sale
Blueprint introduced its involvement within the sale of Challenge United, a seven-asset portfolio consisting of 5 expert nursing amenities and two assisted dwelling communities within the Cleveland, Ohio space.
All through the method, Blueprint was capable of get 4 aggressive affords from consumers, in line with a press launch.
The discharge states the portfolio was acquired by an Ohio-based operator with “a confirmed monitor file of delivering high-quality expert nursing and rehabilitation companies.”
Heritage Pointe Communities introduced it has acquired Elizabeth Scott Senior Dwelling Group in Maumee, Ohio.
The transaction is ready to be accomplished Might 1, a press launch states.
“We had been drawn to Elizabeth Scott due to its wonderful repute, and wealthy historical past,” Chod Boxell, CEO of Heritage Pointe Communities, mentioned within the launch. “This acquisition permits Heritage Pointe to additional its dedication to high quality senior dwelling whereas permitting the imaginative and prescient of Elizabeth Scott to reside on.”
Financings
Berkadia achieves $14M loans for four-property portfolio
Berkadia introduced it closed on two loans totaling $5.1million, bringing the full as much as $14 million used to retire partnership debt for a Southeast-based proprietor and operator.
The $5.1 million in refinancing paid off the remaining financial institution debt for a crossed pool of 4 belongings in Mississippi, a press launch states.
Two earlier loans for the operator had closed in late 2024 as properly. All 4 loans achieved 35-year totally amortizing phrases, in line with the discharge.
Administration
Constitution assumes administration of two Avenue communities
Actual property improvement, building and funding agency Avenue has entered into an settlement with Constitution Senior Dwelling to handle two Indiana properties.
The communities embody Constitution Senior Dwelling of Gateway Park in Greenfield, Indiana and Constitution Senior Dwelling of Hobbs Station in Plainfield, Indiana, in line with a press launch.
“We’re very happy to increase our attain by including Hobbs Station and Gateway Park to our fast-growing portfolio,” Keven Bennema, Constitution Senior Dwelling co-founder and CEO, mentioned within the launch.
