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Transactions and Financings: Onelife Enters Chicago; SLIB Sells Midwest Portfolio

Acquisitions

Onelife enters Chicago with seventh acquisition

Family-owned developer and operator Onelife Senior Living entered the Chicago area with the acquisition of the former Springs of Vernon’s Hills Alzheimer’s Special Care Center.

Following the acquisition, the community was renamed to The Laurel at Vernon Hills. According to a press release, Onelife retained all staff during the transition.

The community brings Onelife’s total footprint to seven communities.

Transactions

Blueprint advises sale of Vineyard on Catawba

Blueprint was involved in the sale of Vineyard on Catawba to buyer United Church Homes.

According to a press release, Blueprint was brought on by one of the country’s largest not-for-profits for the sale.

Following the purchase, the community was rebranded to The Parkvue Community on Catawba Island.

Premier Senior Living adds three to portfolio

Premier Senior Living has added another three communities to its management portfolio.

Two of the communities are in Hilton Head, South Carolina, those being the 42-unit Village Cove Assisted Living and 32-unit Harbor Cove.

The third, Concord Place Assisted Living, is a 56-unit community in Concord, North Carolina.

SLIB sells midwest portfolio

Senior Living Investment Brokerage facilitated the sale of a five community portfolio in Indiana and Ohio.

Combined, the communities totaled 400 units and were built between 1983 and 2001.

The seller was a northeast-based real estate investment trust. The buyer was a regional owner and operator with properties in Ohio looking to grow in the region.

The post Transactions and Financings: Onelife Enters Chicago; SLIB Sells Midwest Portfolio appeared first on Senior Housing News.

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