Transactions
Ballard Spahr, Lane Powell combine
Firms Ballard Spahr and Lane Powell have agreed to merge, effective Jan. 1, 2025.
The combined firm will be known as Ballard Spahr and will boast a team of over 750 attorneys across 18 states, expanding Ballard Spahr’s presence into the Pacific Northwest with new offices in Anchorage, Portland, and Seattle.
Vantage Senior Care acquires six communities
Vantage Senior Care has announced the acquisition and rebranding of six communities in Illinois, including Manor at Craig Farms, Manor at Mason Woods, Manor at Salem Woods, Jerseyville Estates, Carlinville Cottages, and Cottages at Salem.
David Lalowski, Vice President of Business Development at Vantage Senior Care, expressed the company’s commitment to providing exceptional care and vibrant living environments for residents through the rebranding under the High Point Residence banner.
Pinnacle Living acquires two Virginia communities
Non-profit organization Pinnacle Living has acquired two communities in Richmond, Virginia, namely Spring Arbor of Richmond (now Hermitage Deep Run) and Spring Arbor Cottages of Richmond (now Hermitage Three Chopt), expanding their operational footprint to six communities in the state.
The acquisition was completed on September 16, with Pinnacle Living assuming operations on September 9.
Sale of Community in Suwanee, Georgia
Senior Living Investment Brokerage facilitated the sale of a 133-unit community in Suwanee, Georgia on August 25. The property, located in the Atlanta metropolitan area, sits on 7.85 acres of land. The buyer, an age-restricted multi-family owner/operator, plans to repurpose the asset as age-restricted apartments.
Financing
EBSC arranges $31.2M in construction financings
EBSC Lending facilitated $31.2 million in construction financing for a new senior living community in Los Angeles. The community will offer 198 catered living, assisted living, and memory care units on a spacious 7.86-acre campus, featuring gourmet dining, boutique hotel decor, and luxury amenities.
Capital Funding Group closes on $54M in multiple deals
Capital Funding Group successfully closed over $54 million in financing across six transactions between July and mid-August, supporting skilled nursing communities nationwide.
This financing spree follows CFG’s recent announcement regarding a $185 million construction loan closure for Erickson Senior Living.
