Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.
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Acquisitions 22 www.seniorshousingbusiness.com Seniors Housing Business n February/March 2017 of seniors housing properties in the northwestern Philadelphia sub- urbs of Douglassville, Fleetwood and Ephrata. Capital Health Group, a seniors housing private equity firm, pur- chased the properties for an un- disclosed price. The seller was a private ownership group that orig- inally developed and operated the properties, but was looking to exit the seniors housing industry. Keystone Villa totals 509 units of Class A independent living, as- sisted living and memory care. The properties were built in phases between 2004 and 2014. Follow- ing the sale, Milestone Retirement Communities LLC will manage the portfolio. Bradley Clousing, Toby Siefert and Jeff Binder of Senior Living In- vestment Brokerage negotiated the transaction. ESI arranges $26.5 million sale of two assisted living communities in Utah St. George, Utah — Evans Senior Investments (ESI) has arranged the sale of The Retreat at SunRiver and The Retreat at Sunbrook, two assisted living communities in St. George, approximately 120 miles northeast of Las Vegas. American Capital acquired both communities from an undisclosed seller for $26.5 million, or $236,500 per unit. Built in 2012, The Retreat at Sun- River features 36 assisted living units and 12 memory care units on 1.7 acres. Built in 2015, The Retreat at Sunbrook features 50 assisted living units and 14 memory care units. Totaling 57,344 square feet, the two-story community sits on 2.4 acres. Washington County, where St. George is located, saw an 86.5 per- cent growth in the over-85 cohort between the 2000 and 2010 census- es. The new owner will lease both properties to Meridian Senior Liv- ing. Greystone arranges $33 million sale of two Brookdale communities in the Carolinas Hendersonville, N.C., and Spar- tanburg, S.C. — Greystone Real Es- tate Advisors has closed the sale of Brookdale Hendersonville in North Carolina and Brookdale Skylyn in South Carolina, for $33 million. A private equity group pur- chased both properties from Brook- dale Senior Living Inc., the larg- est owner and operator of seniors housing communities in the United States. Brookdale Hendersonville, locat- ed in the Asheville suburb of Hen- dersonville, offers independent liv- ing cottages, an independent living clubhouse, an administrative office building and a separate memory care building. Built in 1985 and 1993, the community sits on a total of 21.4 acres of land. Brookdale Skylyn, located be- tween Greenville and Charlotte in Spartanburg, is an independent liv- ing, assisted living, memory care This announcement appears as a matter of record only Green Courte Partners, LLC announces the closing of Green Courte Real Estate Partners IV, LLC $503,155,000 Green Courte Partners, LLC is a Chicago-based real estate private equity investment firm focused on building industry-leading companies within niche real estate asset classes, including parking and specialty housing. ww www.GreenCourtePartners.com 303 West Madison Street, Suite 1500, Chicago, Illinois 60606 312.966.3800 The Retreat at Sunbrook was completed in 2015 and features 64 units of assisted living and memory care in a two-story, 57,344-square-foot community in St. George, Utah.