Financings
Ziegler Closes $58M for Community
Ziegler announced the successful closing of $51.8 million in financing for a senior living community located between North Carolina’s research triad market and the triad market.
The community — called Twin Lakes — is a non-profit continuing care retirement community that has 434 IL units, 36 AL units, 32 memory care units and 104 health care units.
The financing comes by way of Series 2022A1 and 2022A2 Bonds that will be used to add a 48-unit independent living apartment building.
Massachusetts Gov. Allocates $93M for Building Project
Massachusetts Governor, Charlie Baker announed $93.4 million in direct funding and $33 million in state and federal housing tax credits to build 790 housing units across 14 different projects in Massachusetts.
Senior living units are included in the plans, according to the governor’s website which states that $29.4 million in federal American Rescue Plan Acts funds will be allocated for seniors, families and individuals in Massachusetts.
Included in the plans is a project called Leland House. It is a new construction project for seniors that will have 68 units, 66 of which will be affordable units.
Sales
Blueprint Closes Portfolio Sale
Blueprint Healthcare Real Estate Advisors announed its role in the sale of a three-community portfolio of senior living communities in Alabama.
The communities consist of 202 AL and memory care units that were owned by an unnamed publicly traded real estate investment trust (REIT) and were purchased by Proveer Senior Living.
Proveer Senior Living will undertake significant capital projects.
Blueprint Facilitates Tennessee Sale
Blueprint Healthcare Real Estate Advisors announced it facilitated the sale of a senior living community in Memphis, Tennessee.
The community — which consists of 110 IL units and 55 AL units — was dispositioned by a publicly traded REIT and was sold to Elevation Financial group.
Blueprint Facilitates Memory Care Community
Blueprint Healthcare Real Estate Advisors announced its role in the sale of a standalone memory care community in Oklahoma City, Oklahoma.
The community, which consists of 38 memory care units, was sold by an unnamed private equity fund and then bought by a regional owner-operator that is focused on standalone memory care.
The post Transactions & Financings: Massachusetts Gov Allocates $93 for Housing; Blueprint Closes 3 Deals appeared first on Senior Housing News.
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