Transactions
Atlas acquires three Orlando communities
Atlas Senior Living and Salta Capital acquired three senior living communities in Orlando, Florida submarkets on July 22, underscoring their commitment to expanding in the Southeastern U.S.
Post-acquisition, Atlas plans $1.5 million in renovations across the communities.
Senior Living Investment Brokerage facilitated the sale of Sterling Ridge Living in Las Vegas, Nevada on July 19. Built in 1974, the community received renovations up to 2023.
The seller was a private equity firm exiting the industry, bought by a private owner/operator expanding in the western U.S.
Financings
Berkadia completes $1.7B in 2024 sales
Berkadia completed $1.7 billion in transactions and sales in the first half of 2024, setting a record volume for the company. The trend is expected to continue as demand remains high in the marketplace.
JLL Capital Markets arranged the $28 million sale of Van Mall Retirement in Vancouver, Washington on July 15. The community, built in 1989 and expanded in 1994, was sold by Lytle Enterprises to a regional owner/operator.
Management
LCB takes management of three communities
LCB Senior Living assumed management of The Residence at Natick South, The Residence at Charles Meadow, and Mercer Hill at Doylestown on July 15, adding 325 apartments to their portfolio.
Onelife expands to fourth California community
Onelife Senior Living took over management of The Vistas at Oxnard in California, marking their fourth community in the state. The transition includes retaining existing staff and bringing in additional support as needed.
