Transactions
Continuum Advisors sells 37-acre campus
Continuum Advisors introduced its involvement within the sale of The Oaks at Bartlett, a 283-unit senior housing neighborhood close to Chicago.
In keeping with a press launch, the 37-acre campus consists of 10 cottages, 154 unbiased dwelling residences, 49 assisted dwelling items, 16 reminiscence care items and 54 expert nursing items.
The discharge states the neighborhood was offered via a court-supervised course of with Michael F. Flanagan of Flanagan & Associates, LLC serving because the receiver. The neighborhood offered for $42 million.
BWE Funding Gross sales brokers sale of Capstone at Centerra
BWE Funding Gross sales introduced it brokered the sale of Capstone at Centerra, an assisted dwelling and reminiscence care neighborhood in Loveland, Colorado, on Dec. 18.
In keeping with a press launch, the 102-unit neighborhood offered for $40 million.
The neighborhood was bought by IRA Capital.
SLIB completes $2M sale
Senior Residing Funding Brokerage accomplished a $2 million sale of assisted dwelling and reminiscence care neighborhood English Meadows on Dec. 16.
In keeping with a press launch, the neighborhood was initially in-built 2017 and renovated in 2022 and 2023.
The discharge states the vendor was a non-public firm based mostly in Virginia that “develops, owns and manages senior housing communities primarily within the Mid-Atlantic and Southeastern United States.” The customer was a non-senior housing personal investor.
Blueprint sells two senior notes
Blueprint offered two senior housing notes for a 1,200-unit portfolio throughout eight states.
A press launch states the entire communities securing notes transitioned to a brand new nationwide operator, with roughly 70% occupancy.
The discharge states the notes had been “bought for his or her approximate par worth, together with accrued curiosity, by a non-public asset-based lender.” The vendor was a nationwide monetary companies firm.
Senior Residing Funding Brokerage facilitated the sale of a 116-unit assisted dwelling and reminiscence care neighborhood in Cottonwood Heights, Utah.
In keeping with a press launch, the neighborhood was in-built 2001 and sits on two acres of land.
The discharge states The vendor is an actual property funding belief that’s “divesting to deal with core markets inside their portfolio.” The customer is a non-public fairness group with a strategic working companion rising its portfolio in Utah.
SLIB sells expert nursing portfolio
Senior Residing Funding Brokerage introduced its involvement within the sale of the Guardian Healthcare portfolio on Dec. 13.
In keeping with a press launch, the portfolio consisted of 5 expert nursing amenities in Pennsylvania totaling 299 beds.
The discharge states the vendor is a non-public healthcare group serving Pennsylvania and West Virginia, and the client is a regional owner-operator with “an present presence in Pennsylvania and throughout the USA.”
Financings
Greene Park Capital makes first energetic grownup funding
Chicago-based healthcare actual property funding agency Greene Park Capital has invested in a 225-unit energetic grownup neighborhood.
In keeping with a press launch, that is Greene Park Capital’s first funding within the “multifamily, age-restricted house.”
“This property suits effectively inside our total seniors housing funding technique the place we will obtain engaging returns. Our pipeline for this sector is at the moment about $250 million and we count on it to develop as we hunt down institutional high quality energetic grownup funding alternatives situated in main metropolitan and suburban areas,” Jordyn Berger, companion and head of Greene Park Capital’s seniors housing platform stated within the launch.
