Grandbridge facilitates $426 million for senior housing properties
Grandbridge Real Estate Capital facilitated the financing of $426.8 million seniors housing portfolio for a publicly traded healthcare REIT.
The portfolio was secured by 19 senior housing properties across 10 states and was financed by an agency lender.
The transaction was part of Grandbridge’s seniors housing and diversified healthcare finance group.
SLIB facilitates sale of two communities
Senior Living Investment Brokerage facilitated the sale of two Florida senior housing communities.
The communities include the sale of Gold Choice Palm Coast, an assisted living and memory care facility in Palm Coast, Florida, and The Canopy at Harper Lake, an assisted living and memory care facility in Lake City, Florida.
The 50-unit Gold Choice Palm Coast was sold by a Florida-based owner and operator who developed the community in 2021, with the owner being a 1031 fund.
The 64-unit Canopy at Harper Lake was sold by a Florida-based developer and investment group to a 1031 fund.
Walker and Dunlop arranges $15.25 million for Waterhouse Ridge Memory Care
Walke and Dunlop (NYSE: WD) announced it has arranged $15.25 million for refinancing Portland, Oregon-based Waterhouse Ridge Memory Care.
The 68-bed community was developed and has been operated and owned by Onelife Senior Living since 2016. It currently sits at 88% occupancy.
The deal for the financing closed on June 29.
Ziegler advises Phorcys Capital Partners on $20.5 million acquisition
Speciality investment bank Ziegler announced its role as the exclusive finance advisor in raising $20.5 million on behalf of Phorcys Capital Partners to acquire The Glen at Lake Oconee Village.
The community, located in Greensboro, Georgia, is a 114-unit independent living, assisted living and memory care community and was built in 2017.
Curana Health and Serviam launch alliance in Virginia
Healthcare provider Curana Health and senior living operator Serviam have come together to launch the Value-Based Care Alliance in Virginia.
The partnership between the two companies was previously announced in May. The goal for the alliance is to deliver value-based care to the communities in the area.
The alliance will use Serviam’s HigherPath model for caring for residents.
Park Avenue Lifestyle becomes Ciel Living
Effective Sept. 1, Park Avenue Lifestyle has become Ciel Living.
The rebranding comes about following the joint venture of Bourne Financial Group, Edward Burnett and Ron Jeanneault alongside the company’s expansion into senior living development, consulting offerings and growing its management platform.
The company now manages a portfolio of 1,200 units.