Transactions
Atlas Senior Residing added a 93-unit assisted residing and reminiscence care property in Huntsville, Alabama to its portfolio.
Following the acquisition, the group was renamed to The Goldton at Jones Farm, in line with a press launch.
Alongside the transaction, the group is receiving know-how updates by way of partnerships with Alexa and Speak2.
Merrill Gardens grows in Oregon
Merrill Gardens introduced it has expanded its footprint in Oregon with three new communities.
The communities embrace Merrill Gardens at Cedar Mill in Portland, Merrill Gardens at Sherwood in Sherwood and Merrill Gardens at Hillsboro in Hillsboro. Cedar Mill and Sherwood had been acquired as a part of a three way partnership with PGIM from a Portland based mostly possession group led by Rembold, in line with a press launch. Hillsboro was developed by Pilar Properties and was additionally a part of a three way partnership with PGIM.
Merrill Gardens portfolio now contains 61 communities in 16 states, the discharge states.
SLIB sells Pennsylvania CCRC
Senior Residing Funding Brokerage introduced its half in facilitating the sale of constant care retirement group Phoebe Wyncote in Wyncote, Pennsylvania.
The group is situated about 10 miles northwest of Philadelphia’s Metropolis Middle and had a mean occupancy fee of 80.5% in 2023, a press launch states.
The Vendor is a non-profit owner-operator based mostly, and the customer is an East Coast investor, in line with the discharge.
Berkadia sells two Florida communities
Berkadia introduced it bought two assisted residing and reminiscence care communities in Port St. Lucie and Port Orange, Florida.
The 2 communities comprise a complete of 171 models, in line with a press launch.
The properties had been acquired by a central Florida-based household workplace, the discharge states.
Centicor acquires Progressive Hospitality Options, CrossCheck
Centicor, a Phoenix3 Holdings firm, has acquired Progressive Hospitality Options and CrossCheck and established Centicor Procurement Providers.
In accordance with a press launch, Centicor now “delivers complete help purchasers must assess, design, optimize and maintain high-performing hospitality applications.”
“Centicor brings collectively the operational experience and high quality oversight our purchasers must execute on the highest stage,” Matt Mundok, president of Progressive Hospitality Options, stated within the launch.
Financing
JLL, HJ Sims safe $134M bond financing
JLL Capital Markets and HJ Sims introduced they secured a complete of $134 million in tax-exempt bond financing for Millenia Moments Orlando.
In accordance with a press launch, the upcoming group is anticipated to be delivered in 2027 and can function 151 impartial residing models, 78 assisted residing models and 32 reminiscence care models.
Vitality Senior Residing will function and handle the group, the discharge states.
BWE, Blueprint accomplice to safe acquisition financing
BWE and Blueprint partnered to safe $17.8 million for the acquisition of two reminiscence care communities.
The 2 loans might be used to accumulate Windsong at Southridge, a 56-unit group in Kennewick, Washington, and Windsong at Eola Hills, a 56-unit group in Salem, Oregon, in line with a press launch.
Following the acquisition, BWE will “present everlasting financing” by way of HUD’s 232/223(f) mortgage product, the discharge states.
Administration
12 Oaks provides Atriums in Kansas
12 Oaks Senior Residing has added The Atriums in Overland Park, situated in Overland Park, Kansas, to its administration portfolio.
The addition expands 12 Oaks’ “dedication to delivering best-in-class senior residing experiences throughout the area,” in line with a press launch.
“The Atriums stands out as a benchmark of excellence within the Overland Park senior residing market,” Greg Puklicz , president of 12 Oaks Senior Residing, stated within the launch. “We’re honored to convey our experience and values to this excellent group.”
