Transactions
CPF Residing Communities, Grace Administration purchase Rivertown Ridge
CPF Residing Communities and Grace Administration have acquired Rivertown Ridge, a senior dwelling neighborhood positioned in Wyoming, Michigan.
Grace Administration will function the neighborhood, which is able to retain its title, a press launch states.
“This neighborhood has a robust basis, and we stay up for offering the sources and programming that may help its success as we speak and within the years forward,” Man Geller, CEO of CPF Residing Communities and Grace Administration, Inc., stated within the launch.
1019 Senior Residing expands to Ohio
1019 Senior Residing, a family-owned reminiscence care supplier, introduced the acquisition and administration of Arden Courts at Kenwood in Cincinnati, Ohio.
The neighborhood has been rebranded to 1019 Belle’s Place of Kenwood, and can third-party handle the neighborhood till the acquisition is accomplished in January 2026, in response to a press launch.
“Bringing the Belle’s Place expertise to Kenwood is an thrilling subsequent chapter for our group,” Heather Kesler, co-founder and CEO of 1019 Senior Residing, stated within the launch. “This neighborhood has a robust legacy of care, and we’re honored to proceed that work whereas bringing our household’s philosophy of empathy, connection and individualized help to the residents and households we serve.”
City Lane, Atlas make acquisition
City Lane, an actual property funding administration agency, and Atlas Senior Residing have acquired The Overlook at Suwanee in Suwanee, Georgia.
The neighborhood has 175-units of unbiased dwelling, assisted dwelling and reminiscence care, and “expands the businesses’ rising partnership throughout the Southeast,” a press launch states.
The transaction marks the fourth acquisition of City Lane’s inaugural fund, in response to the discharge.
Senior Housing Consultants introduced the sale of two assisted dwelling communities within the Minnesota metro space.
Totaling 60 items, the communities have been acquired in 2022 by a non-public funding group, in response to a press launch.
The communities have been bought to “a rising investor centered on increasing their assisted dwelling portfolio throughout the Midwest,” the discharge states.
Berkadia introduced the sale and financing of Rivertown Ridge within the Grand Rapids suburb of Wyoming, Michigan.
The neighborhood was inbuilt 2020 and options 152 items of unbiased dwelling, assisted dwelling and reminiscence care, in response to a press launch.
Managing administrators Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare facilitated the sale on behalf of Redstone Houses, the discharge states.
Blueprint completes transaction in Nevada
Blueprint introduced its involvement within the sale of a 90-unit assisted dwelling and reminiscence care neighborhood in Sparks, Nevada.
The neighborhood opened in late 2022 and had “robust RevPORs and spectacular margins,” a press launch states.
The neighborhood was bought by a publicly traded actual property funding belief that elected to retain the prevailing operator, in response to the discharge.
Blueprint was retained by a world personal fairness agency to guide the sale of The Atrium at Boca Raton in south Florida.
The neighborhood had a mix of “enticing historic efficiency, premier location and significant long-term repositioning potential,” in response to a press launch.
A south Florida–based mostly multifamily centered actual property developer bought the neighborhood.
Financings
KeyBank arranges $6.5M inexpensive housing mortgage
KeyBank Industrial Mortgage Group offered a $6.5 million mortgage to refinance for The Mill at Saugerties, positioned in Saugerties, New York.
The neighborhood consists of 89 items for seniors incomes 60% or under the realm median revenue, in response to a press launch.
Leslie Meyers of KeyBank Actual Property Capital structured the HUD financing and Seaver Rickert structured the KeyBank CDLI bridge mortgage, the discharge states.
Coastal States Financial institution closes $20M development mortgage
Coastal States Financial institution closed on a $20 million development mortgage for a three way partnership between the Fellowship Household and BLDG Actual Property for a ground-up lively grownup neighborhood.
The neighborhood would be the second of the three way partnership’s 4 deliberate investments, in response to a press launch.
Upon completion, the neighborhood will encompass 91 items.
Berkadia secures $70M for six communities
Berkadia organized loans for six senior dwelling communities totaling $70 million by way of U.S. Division of Housing and City Growth’s 232/223(f) program.
The communities have been positioned in Florida, Tennessee and California for a mix of recent and repeat purchasers, in response to a press launch.
The most important of the loans was for $10.6 million for a 120-bed expert nursing facility in Florida.
Walker & Dunlop secures $27M for Pacific Northwest communities
Walker & Dunlop secured two HUD loans totaling $27.2 million for assisted dwelling services in Oregon and Washington.
The communities embrace Battle Creek, a reminiscence care neighborhood, and Liberty Shores Senior Residing, a neighborhood with unbiased dwelling, assisted dwelling and reminiscence care choices, a press launch states.
“It was a pleasure working with these purchasers to perform their varied targets, which ranged from eradicating private recourse, reducing debt service to funding renovations,” Kevin Giusti, senior managing director of Walker & Dunlop, stated within the launch.
