Ziegler Closes $29M for California Community
Ziegler announced the closing of $29 million in Series 2023 Bond Anticipation Notes for a planned California-based life plan community to be built by Kendal at Ventura, a non-profit organization.
The community – which will be called Enso Verde – will be an entrance-fee life plan community located in Simi Valley, California that will sit on 21 acres of land. It is expected to include 237 independent living units, 24 assisted living units and 24 memory care units.
The funds will be sued to purchase the site as well as pre-construction costs.
BHI Refinances $30M Loan for Senior Living Community in Florida
BHI announced it has closed on a $30 million refinancing loan for a senior living community located in Florida.
The borrower is Royal Senior Care, a senior living owner/operator with communities in the Southeastern United States. This community – located in Davie, Florida – is a three-building campus that includes IL, AL and memory care units.
Strawberry Fields to Begin Trading on NYSE
Strawberry Fields REIT announced that its stock will become publicly available on the New York Stock Exchange on February 22 under the ticker symbol STRW.
Strawberry Fields REIT, which started trading on the OTCQX in September, owns an 86-asset portfolio of real estate assets that includes skilled nursing facilities and long-term acute care hospitals in addition to assisted living communities.
Cushman & Wakefield Arrange $58M IL Sale
Cushman & Wakefield announced it has arranged the sale of an independent living community in Oregon for a sum of $57.8 million to Touchmark.
The community – previously called The Alexander Bend – is a 136-unit independent living community that has been rebranded as Touchmark Pilot Butte. For Touchmark, the community will be its second in the Bend, Oregon market along with Touchmark at Mount Bachelor Village.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard represented the seller, BPM Real Estate Group.
Cushman & Wakefield Arranges $20M Historic Community Sale
Cushman & Wakefield announced it served as the exclusive advisor so Bridge Investment Group in the $20 million sale of a historic senior living community in the Chicago suburb of St. Charles.
The community – called River Glen – is a 106-unit IL, AL and memory care community comprised of independent living townhomes and an assisted living and memory care facility located in a mansion-style building.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Tim Hosmer and Jack Griffin arranged the transaction
CBRE Arranges Refinancing for California Community
CBRE National Senior Housing announced it arranged the refinancing of a senior living community in San Diego. The financing is a 10-year $38.4 million loan with five years of interest.
The community – called the Plaza at Lantern Crest – is a 113-unit independent living community located in Santee, California, part of the San Diego area.
Omega Senior Living Adds AL Community
Omega Senior Living announced it has added an assisted living community in Iowa to its portfolio.
The community – called Apple Valley – is an AL community in Charles City, Iowa that opened about 15 years ago. Omega also announced that Terry Cosselman, who has been executive director of the community for 15 years, will remain in that position.
Blueprint Facilitates Two-Community Sale
Blueprint Healthcare Real Estate Advisors announced it facilitated the sale of two newly built memory care communities.
The communities, located in Frederick, Maryland and Summerlin, Nevada, respectively, are both 60-unit memory communities build by real estate investment and development firm Silver Companies.
After a marketing campaign, Blueprint found that real estate investment trust (REIT) National Health Investors was selected as the buyer.