Management
Legend Senior Living increases portfolio to 59
Legend Senior Living recently took on the management of four senior living communities in Florida, expanding their portfolio to 59 properties. These communities, previously managed by Harbor Chase, have been rebranded as The Gables. This move further solidifies Legend’s presence in Tallahassee, Palm Harbor, Gainesville, and Jacksonville.
Transactions
Buckner Retirement Services acquires Fort Worth community
Buckner Retirement Services, a nonprofit senior living provider, has acquired The Stayton at Museum Way in Fort Worth, Texas for $81 million from Lifespace Communities. The community will now be known as The Stayton at Museum Way by Buckner and will continue to offer top-notch care services.
Walker and Dunlop closes on Magnolia Springs Portfolio
Walker and Dunlop recently finalized the acquisition of the Magnolia Springs Portfolio, which includes seven communities spread across Ohio, Kentucky, and Indiana. The buyer, a publicly traded REIT, plans to invest in enhancing the physical infrastructure of each community.
SLIB sells 50-unit community
Senior Living Investment Brokerage facilitated the sale of a 50-unit assisted living and memory care community in Mercer Island, Washington. The community, built in 1990, was purchased by a Northwest-based owner and operator looking to expand their portfolio in Washington.
Financings
Berkadia secures $17.6M for affordable housing
Berkadia recently secured $17.6 million for the Jesse Jackson Jr. Senior Housing project in Harvey, Illinois. This affordable housing property will undergo renovations to improve living conditions for seniors aged 62 and above.
JLL secures refinancing for New Mexico community
JLL Capital Markets arranged refinancing for Fairwinds Rio Rancho, an independent living and assisted living community in New Mexico. They secured a five-year fixed-rate loan to support the property’s amenities and services.
