Transactions
Kauhale Healthcare Management to Manage CCRC, Grandbridge Arranges Financing
On March 23, Kauhale Healthcare Management took over the management of Vista Grande Villa, a continuing care retirement community in Jackson, Michigan.
Kauhale is planning to undertake a series of capital improvements expected to happen within the next two years and cost approximately $5 million.
GrandBridge Real State announced that its Tampa-based senior housing investment sales team arranged the recapitalization of the aforementioned Vista Grande Village.
The recapitalization plan included restructuring approximately $22 million in existing debt. That, together with about $8 million in new funding, will be applied to capital investments and to stabilizing the community.
Atlas Senior Living Adds 3 Communities Near Atlanta
Atlas Senior Living is adding three assisted living and memory care communities to its portfolio, bringing the total number of communities it manages to 35.
The communities, located near Atlanta, are being transitioned from Heritage Senior Living to Atlas and rebranded to new names.
Sales
JLL Closes Sale of Florida Active Adult Community
JLL Capital Markets announced that it has closed on the sale of an active adult community named Diamond Oaks Village to Castle Lanterra Properties.
JLL represented the seller – The United Group of Companies – but also secured a three-year, floating-rate loan with Square Mile Capital Management.
The post Transactions & Financings: New Operator Kauhale To Manage CCRC; Atlas Senior Living Adds 3 Communities appeared first on Senior Housing News.
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