Transactions
Focus Healthcare Companions introduced it has acquired The Harborside, a 329-unit senior residing group positioned in Port Washington, New York.
The six-story group was bought by way of a chapter course of, in keeping with a LinkedIn publish from Principal Curt Schaller, and might be operated as a rental group.
Following the $86 million transaction, Focus Healthcare Companions plans to renovate widespread areas and items to “rework the property into the premier senior residing group on Lengthy Island.” The group might be operated by Chelsea Senior Residing.
5 communities switch to Integral Senior Residing
5 Californian communities have transitioned to Integral Senior Residing as a part of a strategic growth and model alignment.
The communities had been previously a part of the Status Senior Residing community, a press launch states, and now now function as Marbella Visalia, Marbella Chico, Marbella Marysville, Marbella Oroville and Bellamar Lancaster.
As a part of the transition, the entire communities might be providing ISL’s “Vibrant Life,” “Elevate Eating” and “Generations Reminiscence Care” applications, the discharge states.
Blueprint advises sale of two robust communities
Blueprint introduced it was tapped to assist promote two well-performing communities within the Portland metro space.
The communities had been opened in 2016 and 2019, respectively, and provide a mixed 284 items of unbiased residing, assisted residing and reminiscence care.
The vendor was a mix of a regional developer and native traders, who chosen a purchaser group “comprised of a blue chip nationwide personal fairness investor and extremely esteemed west-coast primarily based owner-operator,” in keeping with a press launch.
Financings
Berkadia secures building financing
Berkadia introduced it secured building financing by way of Texas Capital Financial institution on behalf of a three way partnership sponsored by Sparrow Capital Companions.
The financing is getting used for Mera Lawrenceville, a 200-unit energetic grownup group in Lawrenceville, Georgia, in keeping with a press launch.
The group might be positioned 30 miles northeast of downtown Atlanta upon completion, the discharge states.
Administration
Stellar Senior Residing expands to Montana
Stellar Senior Residing introduced it has expanded into Montana with the addition of two communities to its administration portfolio.
The communities embody Helena Level in Helena and Missoula Valley in Missoula, and match into the corporate’s purpose to “enrich 10,000 lives” by 2030, a press launch states.
With the extra communities, Stellar’s administration portfolio now consists of 37 communities.
