Transactions
Berkadia sells three upscale communities
Berkadia introduced on Dec. 6 that it offered three upscale assisted residing and reminiscence care communities within the Chicago and Milwaukee metropolitan areas.
Based on a press launch, the 306-unit transaction included Heartis of Orland Park, Heartis Village Brookfield and Heartis Village North Shore.
Berkadia represented the vendor, a three way partnership between Dallas-based Caddis Companions and a personal fairness actual property fund, the discharge stated. The communities had been bought by a publicly traded actual property funding belief.
Blueprint advises nonprofit on divestiture
Blueprint introduced its involvement in advising a nonprofit senior housing supplier on the divestiture of a reminiscence care targeted group.
Based on a press launch, the group had lower than 30 items and is positioned between Pennsylvania and Maryland.
The discharge states the Washington, D.C. metro area-based vendor sought to exit possession of the group. A western Maryland-based proprietor bought the group, marking its second in its portfolio.
Partnerships
LifeSpan Community, HFAM unite
Starting Jan. 1, 2025, senior care supplier associations LifeSpan Community and HFAM will likely be united as one group.
Based on a press launch, the 2 organizations coming collectively will “redefine how we serve suppliers, advocate for coverage change and elevate look after seniors in our communities.”
Based on LifeSpan’s web site, it represents greater than 400 senior care supplier organizations in Maryland and the District of Columbia, together with not-for-profit and for-profit amenities.
Commonwealth joins value-based care alliance
Commonwealth Senior Dwelling introduced it has joined Serviam Care Community and Curana Well being via the Worth-Primarily based Care Alliance of Virginia.
Based on a press launch, the senior residing operator’s residents will now have entry to in-residence main care providers regardless of which insurance coverage they’ve.
“The Alliance makes it simple for us to completely leverage the advantages of value-based care, making a tangible distinction within the lives of these we serve. This collaboration aligns with our Noble Promoting Objective, which is to enhance the lives of our residents, their households, and one another,” Michelle Hamilton, chief working officer at Commonwealth Senior Dwelling, stated within the launch.
Financings
Capital Funding Group closes on $54M in transactions
Capital Funding Group introduced on Dec. 6 it closed on 5 transactions totaling greater than $54 million.
The transactions befell between mid-October and mid-November, a press launch stated.
The discharge states the financing is for the assist of “six healthcare amenities and two multifamily properties all through the nation and was executed on behalf of nationally acknowledged debtors.”
Walker & Dunlop arranges $23.9M building mortgage
Walker & Dunlop introduced it organized a $23.9 million building mortgage for Emberwood, an inexpensive senior housing house complicated in Casa Grande, Arizona.
Based on a press launch, the complicated is to-be constructed right now.
Upon completion, the group could have 176 items and be positioned on 8.2 acres of land.
