Transactions
CareScout to acquire Seniorly
CareScout, a senior care navigation company, announced its planned acquisition of Seniorly, Inc., a platform and advisor network.
In the coming months, Seniorly and its advisor network and partners will transition to CareScout’s platform, a press release states.
The transaction is expected to be funded from Genworth’s existing holding company cash and close in the fourth quarter for under $20 million, according to the release.
Sagora Senior Living grows with acquisition
Sagora Senior Living is expanding its footprint in north Texas with the acquisition of Wilshire Senior Living.
The community consists of 100 units and has access to the greater Dallas metropolitan area, a press release states.
Residents and staff will not have interruptions to their services and programming, dining and care will remain unchanged, the release states.
“I think about the residents who will walk through these doors and the families who are trusting us with someone they love,” Gary Fernandez, vice president of sales for Sagora Senior Living, said in the release.
JLL closes on Phoenix sale
JLL Capital Markets closed on the sale of Inspira Arrowhead, a senior living community in Glendale, Arizona.
The 165-unit community is located on 14 acres, with the surrounding area boasting 24,000 residents aged 65 and older, a press release states. The community is 30 minutes away from Phoenix.
The building was completed in 2019 and was 91% occupied at the time of sale, according to the press release.
JLL represented the seller in the transaction, a fund managed by affiliates of Fortress Investment Group. Cogir Senior Living will remain as the community’s operator.
Financings
JLL secures refinancing for active adult community
JLL Capital Markets arranged the refinancing of Connery on Providence, a new community in Charlotte, North Carolina.
JLL represented sponsor Proffitt Dixon Partners in securing the loan through New York Life Insurance Company, according to a press release.
The community was built in 2023 and comprises of 200 units across four three-story buildings.
BWE arranges $52M bridge financing
BWE announced it arranged $52 million in bridge financing for a portfolio of senior living communities across the Atlanta and Philadelphia metropolitan areas.
The portfolio is made up of “Class A independent living, assisted living, and memory care communities situated in high-growth submarkets with strong demographic fundamentals,” according to a press release.
“This transaction reflects our continued ability to deliver optimal financing solutions for high-quality senior housing portfolios across the country,” Taylor Mokris, senior vice president of seniors housing and care, said in the release. “We were pleased to assist our client in achieving competitive loan terms that align with their strategic objectives.”
The post Senior Living Dealbook: CareScout to Acquire Seniorly; Sagora Senior Living Grows with Acquisition appeared first on Senior Housing News.
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