The Nationwide Funding Middle for Seniors Housing & Care (NIC) is strengthening its information analytics platform.
The business group this week introduced the acquisition of VisionLTC, a knowledge analytics platform based mostly in Raleigh, North Carolina. The platform shall be built-in into the group’s NIC MAP information service to create a brand new platform, NIC MAP Imaginative and prescient.
The merged platform shall be led by VisionLTC’s chief govt officer Arick R. Morton.
Gross sales and operator transitions
Cushman & Wakefield Senior Housing Capital Markets Vice Chairman Rick Swartz, Govt Managing Director Jay Wagner, Managing Director Aaron Rosenzweig and Director Dan Baker accomplished the $25 million, off-market sale of a 99-unit, 114-bed reminiscence care neighborhood in a suburb of Portland, Oregon. The vendor was a privately owned California-based nationwide operator. The client is a rising regional proprietor/operator based mostly within the Portland market.
Vitality Dwelling assumes administration of three communities
Vitality Dwelling assumed administration of three communities: Vitality Dwelling Nice Hills in Little Rock, Arkansas; Vitality Dwelling Village in Oklahoma Metropolis, Oklahoma; and Vitality Dwelling Shadow Hills in Lubbock Texas. The transitions mark Vitality’s entry into Arkansas and Oklahoma, and expands its Texas footprint to 3 communities.
Atlas Senior Dwelling provides 3 communities to portfolio
Atlas Senior Dwelling assumed administration of two communities in Florida: The Atrium at Boca Raton, an assisted residing and reminiscence care facility in Boca raton; and Lake Howard Heights, a neighborhood in Winter Haven providing impartial residing and assisted residing. The administration transition brings Atlas’ complete variety of communities within the Sunshine State to 5.
Atlas additionally assumed possession and operations of The Gordon at Southaven, an assisted residing and reminiscence care facility in Southaven, Mississippi. This brings the Birmingham, Alabama-based firm’s complete portfolio of owned and/or managed communities to 31 in seven states, in addition to a neighborhood below building in Texas.
1031 Crowdfunding acquires Idaho assisted residing facility for $11M
An affiliate of 1031 Crowdfunding accomplished an $11 million acquisition of Aspen Valley Senior Dwelling, an 80-bed.66-unit assisted residing and reminiscence care neighborhood in Boise, Idaho. The power is operated by Compass Senior Dwelling.
New York Metropolis-based actual property investor Bluestone Group acquired Imperial Plaza, a senior housing neighborhood in Richmond, Virginia, for $75 million, Richmond BizSense reports. Bluestone acquired the property in a three way partnership with Brentwood Funding Group.
The brand new homeowners plan to renovate the property and rebrand it as Legacy at Imperial Village, an energetic grownup neighborhood.
SLIB brokers 3 gross sales
Senior Dwelling Funding Brokerage accomplished the next transactions:
- Managing Administrators Brad Clousing and Daniel Geraghty facilitated the sale of Amber Glen, a 46-unit assisted residing and reminiscence care facility in Gainesville, Georgia. The vendor was a tenant in widespread sponsor. The client, a talented nursing proprietor/operator, is trying to broaden its assisted residing footprint in Georgia.
- Clousing, Geraghty and Managing Director Jeff Binder had been the only brokers within the sale of Brookdale Muscle Shoals, a 42-unit neighborhood in Muscle Shoals, Alabama providing assisted residing and particular care assisted residing providers. The client is an area partnership between a person investor and operator.
- Clousing and Vice President Dave Balow dealt with the sale of Colonial Place Assisted Dwelling and Reminiscence Care, a 70-unit facility — 21 of that are reminiscence care — in Elkins, West Virginia. The vendor is an out-of-state personal fairness group trying to get rid of the neighborhood because it was an outlier in its senior housing portfolio. The client is an area nonprofit expert nursing operator, trying to broaden its stage of care.
LCB Senior Dwelling acquires Massachusetts nursing house, will convert to assisted residing
LCB Senior Dwelling acquired Wingate at Norton, a talented nursing facility in Norton, Massachusetts, the Solar Chronicle reports. The operator, additionally based mostly in Norton, rebranded the neighborhood as The Residence at Nice Woods, and can reposition it into an assisted residing facility.
Foundry Business acquired Seaside Home Assisted Dwelling & Reminiscence Care, a seniors housing neighborhood in Jacksonville Seaside, Florida that includes 64 assisted residing items and 20 reminiscence care items. That is the primary Florida transaction accomplished as a part of the Foundry’s new actual property three way partnership with different asset supervisor, Basic Advisors, which offered the three way partnership fairness for the acquisition in partnership with Scribner Capital. Senior Dwelling Funding Brokerage Managing Administrators Brad Clousing, Jeff Binder and Matthew Alley had been the only brokers within the transaction.
HDG assumes administration of two Wisconsin communities
Well being Dimensions Group assumed operations of two former Brookdale Senior Dwelling (NYSE” BKD) services in Wisconsin: Brookdale Appleton, an assisted residing and reminiscence care facility in Appleton; and Brookdale. Stevens Level, a neighborhood in Stevens Level providing impartial residing, assisted residing, and reminiscence care. The communities had been rebranded Dimensions Dwelling Appleton and Dimensions Dwelling Stevens Level.
Berkadia completes $15M Florida sale
Berkadia Seniors Housing & Healthcare Group Funding Gross sales Lead Tim Cobb and Affiliate Director Brooks Minford accomplished the $15 million sale of The Willows of Wildwood, a 126-unit assisted residing and reminiscence care neighborhood in Oxford, Florida.
PGIM Actual Property completes 2 assisted residing financing packages totaling $33M
PGIM Actual Property accomplished the next financing packages:
- Govt Director Chris Fenton, Vice President Corley Audorff, Manufacturing Supervisor Catherine Eby and Senior Funding Affiliate Josh Williams accomplished a $21.9 million refinancing package deal on behalf of a nonprofit borrower, for a 238-unit assisted residing and expert nursing facility in Connecticut.
- Audorff and Williams accomplished a $10.9 million refinancing package deal for a 141-bed assisted residing, reminiscence care and expert nursing facility in Oregon. The mortgage included reimbursement to the borrower for beforehand accomplished renovations.
KeyBank completes $17M refinancing package deal for Bickford Senior Dwelling
KeyBank Actual Property Capital (KBREC) secured $17 million of fixed-rate Federal Housing Administration loans for Bickford Senior Dwelling, to refinance two healthcare properties in Iowa: Bickford of Davenport and Bickford of Marion. Bickford of Davenport consists of 42 beds — 35 for assisted residing and 7 for reminiscence care. Bickford of Marion contains 38 beds — 31 for assisted residing and 7 for reminiscence care.
The mortgage, which was closed utilizing the U.S. Division of Housing and City Improvement’s 232/223(f) mortgage insurance coverage program, is structured with a completely amortizing 35-year time period.
Berkadia completes completes $5M refinancing
Berkadia Seniors Housing & Healthcare Group Managing Director Ed Williams secured $5.16 million for 36 reminiscence care items contained in six six-unit residential properties located in two counties in central Florida. Berkadia processed the transaction as a scattered web site mortgage below HUD’s 232/223(f) program.
Twain Monetary Companions gives $14M floor lease financing for Louisiana senior residences
Twain Monetary Companions accomplished a $14.5 million floor lease financing package deal for the Villages of Imperial Pointe, a four-story, 129-unit condominium neighborhood for seniors in Lake Charles, Louisiana. The neighborhood is a component of a bigger well being care campus, the Imperial Pointe Medical Middle.
Proceeds shall be used for the mission’s building. BridgeView Realty Capital will function proprietor’s rep, turn-key developer, and building supervisor for the mission.
Fitch assigns ‘BB+’ score to Plymouth Place
Fitch Rankings assigned a “BB+” score to $23.96 million in Collection 2021A income refunding bonds issued by the Illinois Finance Authority to be issued on behalf of Plymouth Place, a life plan neighborhood in La Grange, Illinois.
Fitch additionally affirmed the “BB+” score on $24.8 million in Collection 2013 income refunding bonds, and $53.7 million in Collection 2015 income bonds issued by the Illinois Finance Authority on behalf of Plymouth Place. The score outlook is secure.
iN2L receives strategic development funding from Vista Fairness Companions
Senior residing tech supplier iN2L obtained a strategic funding from Vista Fairness Companions, a world expertise investor centered on enterprise software program, information and technology-enabled companies.
The capital will assist iN2L additional scale and speed up its mission to impression the lives of older adults by business main technology-enabled engagement options. iN2Ls current traders, the healthcare development capital agency Hughes & Firm and the strategic healthcare funding agency Chicago Pacific Founders, will proceed as minority traders within the firm.