Transactions
Atlas acquires three Orlando communities
Atlas Senior Dwelling and affiliate firm Salta Capital introduced it acquired three senior dwelling communities in Orlando, Florida submarkets on July 22.
In accordance with a press launch, the acquisition “underscores Atlas Senior Dwelling’s dedication to increasing its footprint and enhancing senior dwelling options in Florida and the Southeastern U.S.”
Following the acquisition, Atlas introduced it’s planning $1.5 million in renovations throughout the three communities.
Senior Dwelling Funding Brokerage facilitated the sale of Sterling Ridge Dwelling in New Vegas, Nevada on July 19.
In accordance with a press launch, the group was in-built 1974 and acquired “regularly renovations,” the newest of which was accomplished in 2023.
The vendor was a personal fairness agency that’s exiting the senior housing business, and the customer was a personal proprietor and operator that’s build up a portfolio within the western area of the nation.
Walker and Dunlop sells three asset portfolio
Walker and Dunlop Funding Gross sales introduced it offered a 3 asset portfolio in Oakland County, Michigan on July 24.
In accordance with a press launch, the portfolio consists of Blossom Village, Blossom Ridge and Blossom Springs and was in-built 2019.
The portfolio was acquired by StoryPoint Group, which has senior housing communities in 9 states.
Financings
Berkadia completes $1.7B in 2024 gross sales
Berkadia introduced that as of July 18 that it has accomplished $1.7 billion in transactions and gross sales within the first half of 2024.
In accordance with a press launch, it’s a document breaking quantity of transaction quantity for the corporate.
“We count on the momentum to proceed as we head into the second half of the yr as we see sturdy demand and shoppers desirous to get offers throughout the end line,” Cody Tremper, managing director of funding gross sales, mentioned within the launch. “We’ve seen a big enhance in bid quantity over the previous few months from teams with capital who’re fascinated by investing within the present market.”
JLL Capital Markets introduced on July 15 that it organized the $28 million sale of Van Mall Retirement, a 191-unit in Vancouver, Washington.
In accordance with a press launch, the group was in-built 1989 and expanded in 1994.
The group was offered by Lytle Enterprises and bought by a regional proprietor and operator.
Administration
LCB takes administration of three communities
LCB Senior Dwelling introduced it has taken over the administration of three communities on July 15.
In accordance with a press launch, the corporate has assumed administration of The Residence at Natick South, The Residence at Charles Meadow and Mercer Hill at Doylestown.
In whole, the three communities add 325 residences to LCB’s administration portfolio.
Onelife expands to fourth California group
Onelife Senior Dwelling, a family-owned senior housing operator and developer, introduced it has assumed administration of the previous Pacifica Senior Dwelling Oxnard.
In accordance with a press launch, the group has been renamed to The Vistas at Oxnard as a part of the transition.
All workers members will likely be retained and extra Onelife workers will likely be introduced into the group as wanted. The announcement marks Onelife’s growth in California with 4 communities.
