Mergers/Acquisitions

DALLAS, TX—12 Oaks Senior Living continues to expand its relationship with current clients to manage an additional assisted living and memory care community, Copper Canyon Memory Care & Transitional Assisted Living in Tucson, AZ. 12 Oaks Senior Living intends to expand and enhance the service offerings at this community, while …

IRVINE, CA—Asland Capital Partners, a private real estate investment firm specializing in multifamily and mixed-used investments; Fairstead, a purpose-driven, vertically-integrated real estate company; women- and minority-owned real estate platform iimpact Capital; global real estate manager Nuveen Real Estate; and Innovative Housing Opportunities (IHO) announced earlier this week the acquisition of …

COSTA MESA, CA—The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, California. Built in 2001 and 2003 by ROEM, Monte Vista Gardens Senior 1 and 2 have a total of 118 units across …

DALLAS, TX—JLL Capital Markets announced earlier this week that it has closed the sale of Quail Park of Granbury, a 75-unit independent living, assisted living and memory care community in Granbury, Texas, which is a growing suburb of Dallas-Fort Worth. JLL represented the seller, Living Care Lifestyles, in the sale …

MECHANICSBURG, PA—Two thriving, faith-based providers of senior care services recently announced their intent to explore the possibility of joining forces. Mechanicsburg-based Messiah Lifeways and Chambersburg, Pennsylvania-based Menno Haven have entered into a memorandum of understanding to explore a possible affiliation. “A combined organization would not only provide greater strength today, …

ALEXANDRIA, VA—Last week, Goodwin Living™, a not-for-profit, faith-based, regional senior living and healthcare services organization in the National Capital Region, announced it has finalized the acquisition of Hermitage Northern Virginia, a senior living community in Alexandria. Hermitage Northern Virginia was previously owned and operated by Pinnacle Living and is home …

WALNUT CREEK, CA—Kisco Senior Living is pleased to announce the recent expansion of its senior lifestyle offerings with the addition of The Kensington at Walnut Creek to its portfolio. The Kensington is a senior living community located in Walnut Creek, California—and it will serve as Kisco’s second community in Walnut …

ORANGE COUNTY, CA and LAGUNA NIGUEL, CA—Parentis Health, a healthcare company focusing on senior care, has acquired Quality Life Homes licensed residential home care facilities for elderly and memory-impaired individuals. The Quality Life facilities—all located in Laguna Niguel—will transition to the Verona Court brand, expanding Parentis Health’s footprint. Quality Life Homes …

DALLAS, TX and ABILENE, TX—Lifespace Communities announced last week that it has finalized an agreement with a private equity investment group for Lifespace to acquire three senior living campus communities in Texas—Meadow Lake in Tyler, Wesley Court in Abilene and The Craig in Amarillo. The three communities are currently managed …

DALLAS, TX—JLL Capital Markets announced today that it has closed the sale of Methodist Transitional Care Center, a 100-bed, 66-unit, transitional care facility in the Dallas suburb of DeSoto, Texas. JLL represented the seller, Madison Marquette, in the sale to Location Finders International (LFI) Real Estate. The absolute net lease …