Transactions
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National Church Residences Acquires Four More Affordable-Senior-Housing Communities
COLUMBUS, OH — National Church Residences has added 206 apartments to its already extensive Ohio portfolio with the acquisition of four affordable-senior-housing-communities. According to a press release, all of the communities were purchased from Buckeye Management, they are all located…
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LCB Senior Living Now Managing The Reserve at East Longmeadow
EAST LONGMEADOW, MA — LCB Senior Living has announced in a press release that it has assumed management of The Reserve at East Longmeadow. The assisted-living and memory-care community, which opened in 2014, contains more than 100 residential apartments. “We…
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Skilled Nursing Facility Miller Memorial Community is Sold
MERIDEN, CT — Miller Memorial Community, a 90-bed skilled nursing facility in this city halfway between New Haven and Hartford, has sold. The sale of the community, which features 19 active adult cottage-style apartments, was facilitated by Senior Living Investment…
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Clearwater Living Acquires Texas Assisted-Living and Memory-Support Community
HOUSTON, TX — Clearwater Living, a real estate and property management company dedicated to the ownership, operation, and development of senior living communities, has announced in a press release the acquisition of The Watermark at Houston Heights, a 220-unit, luxury…
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New Perspective Closes on More Than $200 Million in Capital, Establishes a Programmatic Relationship for Growth
MINNETONKA, MN — New Perspective has secured more than $200 million in bridge loan, preferred equity, and common equity with its partners, BMO, Fengate, and Boldt, to facilitate the acquisition and financing of six senior living communities with over 800…
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Distinctive Living Acquires Validus Senior Living
FREEHOLD, NJ — Distinctive Living, a New Jersey-based operator and developer of active-adult, assisted-living, independent-living, and memory-care communities throughout the country, has acquired Florida-based Validus Senior Living Management. This acquisition further expands Distinctive Living’s footprint in Florida, Georgia, and Louisiana,…
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Anthem Memory Care Assumes Management of Illinois and Wisconsin Communities
WEST LINN, OR — Anthem Memory Care has assumed management of Savoy Place in Savoy, Illinois, and Franklin Place in Franklin, Wisconsin. According to a press release, Anthem Memory Care is now managing all aspects of the communities’ operations and…
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Discovery Senior Living Announces Launch of Discovery Management Group; Adams Named President of DMG
BONITA SPRINGS, FL — Discovery Senior Living has announced in a press release the creation of Discovery Management Group, an internal restructuring that integrates existing and newly transitioned nationally branded communities under one umbrella. The inception of DMG represents a…
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Surpass Senior Living Takes Over Management of Two Communities
DALLAS, TX — Surpass Senior Living has announced in a press release that it has taken over the management of The Gardens at Quail Springs in Oklahoma City, Oklahoma, and Carrollton Gardens in the Dallas suburb of Carrollton. Surpass Senior…
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The Aspenwood Company Management Adds Four Senior Retirement Communities in North Texas
DALLAS, TX — The Aspenwood Company, a Texas-based senior residential management and operations company, has announced in a press release the acquisition of four retirement communities in North Texas. The four new Aspenwood communities, operating under The Village on the…