Senior Living Residences has entered a partnership with RiverGlade Capital, a private-equity investor that concentrates on healthcare and related fields. The alliance is intended to support the company’s future growth plan today, which will “continue to operate under its current name and leadership team.”
Terms of the transaction were not disclosed. RiverGlade Capital’s investment in Senior Living Residences is the latest in a series of deals in the senior living sector, which has seen significant activity in recent months.
JLL Arranges Sonata at Viera Sale
JLL Capital Markets announced it arranged the sale of Sonata at Viera, a 200-unit, Class A senior housing campus in Melbourne, Florida. The community was sold by AEW Capital Management to National Healthcare Properties, with AgeWell Senior Living remaining as the third-party operator.
The Pennant Group, Inc. has acquired the real estate of Mainplace Senior Living, a senior living community located in Orange, California. A Pennant affiliated subsidiary has operated Mainplace under a triple-net lease since a spin-off in 2019.
Brent Guerisoli, CEO of Pennant, stated that they are thrilled to add Mainplace’s real estate to Pennant’s growing real estate portfolio. Guerisoli noted that their affiliated operators know this community, its team, and the market well, making this a compelling opportunity to pair an established operating relationship with ownership of an attractive real estate asset.
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Citrine Announces River Glen Community Sale
Citrine Investment Group announced the sale of River Glen of St. Charles, a 106-unit senior living community in St. Charles, Illinois. The community was sold to a long-term institutional owner of senior housing communities, according to a press release.
American Healthcare REIT acquired The Residence at Glastonbury, a Class A senior housing community in Glastonbury, Connecticut, with LCB Senior Living retained as the operator. The assignment was led by Cushman & Wakefield Vice Chairs Joshua Jandris and Brett Gardner, along with Managing Director Jason Skalko and Director Robert Bracci.
BWE Secures $101 Million Bridge Loan
BWE secured a $101 million bridge loan to refinance RISE at Glen Kernan Park, a newly delivered 308-unit luxury active adult community in Jacksonville, Florida. The loan allows the community to retire the senior construction loan and the mezzanine loan, along with funding an interest and carry reserve while the property is leasing up.
Andy Effler, a senior vice president and partner on BWE’s Columbus team, led the origination. The deal is one of several recent financing transactions in the senior living sector, with Berkadia announcing it secured approximately $39 million in HUD financing for four seniors housing communities located in Alabama, California, Florida, and Oregon.
CFG announced the closing of 24 transactions totaling more than $413 million executed from late June through late August 2026. The financing supported 54 skilled nursing and assisted living communities, as well as a multifamily portfolio, across 13 states.
JLL Capital Markets announced it closed $21 million in acquisition financing for Oaks at Eagle’s Landing, a 122-unit seniors housing community in Stockbridge, Georgia. The JLL Seniors Housing Capital Markets team representing the borrower included Senior Director Sam Dylag and Analysts Erik Von Hamm and Caroline McClelland. The community’s acquisition is a significant development in the senior living sector, with the buyer, 1031 CF Properties, securing the acquisition loan through Old Second National Bank.
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Allegro Harrington Park Luxury Sale Highlights
The senior living sector has seen a surge in activity in recent months, with several major deals and financing transactions announced. One notable example is the sale of Allegro Harrington Park, a 173-unit, Class A seniors housing community located roughly 40 minutes from Manhattan, which was arranged by JLL Capital Markets.
The community was developed by Allegro and PGIM and offers a variety of luxury amenities, including five dining venues, wellness areas, a movie theater, art studio, salon and spa, library, garden room, and an indoor and outdoor pool. The sale of Allegro Harrington Park is a significant development in the senior living sector, with the buyer, a joint venture between AEW Capital Management and Foundry Commercial, acquiring the property from a joint venture between PGIM and Allegro Senior Living.
Blueprint’s involvement in the sale of Cottages of Fox Lake, an assisted living and memory care community in Fox Lake, Illinois, marks another significant transaction in the senior living sector. The community, which comprises four separate cottages, offers residents an intimate, residential-style setting and a continuum of care within a single campus. Charter Senior Living, which has managed the community since 2018, will continue to operate the property under its new ownership.
Senior Living Investment Brokerage announced the sale of The Fountains of Hope, a 107-unit assisted living and memory care community located in Sarasota, Florida. The community, which was originally built in 2016, saw over 10 bids before being sold to a publicly traded owner-operator from the court-appointed receiver. This sale highlights the ongoing demand for senior living communities, particularly those that offer a range of care options and amenities.
Berkadia’s announcement that it secured approximately $39 million in HUD financing for four seniors housing communities located in Alabama, California, Florida, and Oregon demonstrates the continued availability of financing options for senior living providers. The transactions, which were originated by Managing Director Ed Williams of Berkadia Seniors Housing & Healthcare, include a $16.7 million HUD loan for a 120-bed skilled nursing facility in Plantation, Florida, and a $3.78 million HUD loan for a 27-unit assisted living community in Oregon.
