Transactions

Sale of 81-Unit Ohio Facility Brokered by Senior Living Investment Brokerage

STOW, OH — Senior Living Investment Brokerage (SLIB) has facilitated the sale of The Landing of Stow, an assisted living and memory care community. Built in 2008, The Landing of Stow is located just outside of Akron, OH; it houses…

Focus Healthcare Partners Acquires Chicago-Area Senior Living; Plans Major Renovation and Rebrand

CHICAGO, IL — Focus Healthcare Partners LLC, a Chicago-based real estate investment and asset management firm, has announced the acquisition of Lexington Square Senior Living in Elmhurst, IL. The community will be rebranded as The Roosevelt at Salt Creek and…

Edgemere Sale Closes; Bay 9 is Now Owner, Long Hill at Edgemere is Now Property Manager

DALLAS, TX — Edgemere has announced the official closing on the sale of its property. The new owner, Bay 9 Holdings LLC, an affiliate of San Francisco- and Denver-based Lapis Advisers LP (Lapis), purchased the community with a commitment to…

Senior Lifestyle Acquires Four Communities in the Chicago Area

CHICAGO, IL — Family-owned Senior Lifestyle, which has owned and managed senior housing for more than 35 years, is excited to announce the acquisition of four communities in the Chicago metropolitan area effective May 1, 2023: Aspired Living of La…

Senior Living Investment Brokerage Announces Sale of North Texas Property

CARROLLTON, TX — Senior Living Investment Brokerage (SLIB) has facilitated the sale of an assisted living and memory care community in the Dallas suburb of Carrollton. Comprised of 62 units, the community is roughly 40,000 square feet on approximately 3.6…

Proveer Senior Living Welcomes Another Alabama Assisted Living Community

McKINNEY, TX — Proveer Senior Living has acquired the Vitality Living Regency community in Mobile, Alabama, marking Proveer’s eighth overall acquisition, its fifth in the state, and its second in Mobile. Proveer’s business model is a value-add strategy that includes…

Brightspire and The Well-Spring Group Announce Merger Agreement

HIGH POINT, NC — The boards of Brightspire and The Well-Spring Group have announced that they have signed a letter of intent to merge. Both organizations will have equal partnership in a new parent company. The combined organization will include…

Senior Living Investment Brokerage Announces Sale of Kentucky Portfolio

Senior Living Investment (SLIB) has announced the sale of Arcadian Cove and Willow Creek Senior Living; the pair of Kentucky facilities combine for 114 units. Built in 2009, Richmond’s Arcadian Cove features 49 units of assisted living; Elizabethtown’s Willow Creek…

Senior Living Investment Brokerage Announces Sale of Pacific Northwest Portfolio

Senior Living Investment Brokerage (SLIB) has facilitated the sale of a portfolio of assisted living and residential care facilities in the Pacific Northwest. The facilities, consisting of 93 units and 105 beds, were all built in the 1990s. The properties…

Sale of Two Upper Midwest Memory Cares Brokered by Senior Living Investment Brokerage

Senior Living Investment Brokerage (SLIB) recently handled the sale of two memory care facilities, one in Lansing, MI, and the other in Beavercreek, OH. The facilities, totaling 100 units and 132 beds, were each built in 2018. The properties are…