Senior Living Dealbook: Juniper Grows in San Antonio; $252.1M Secured for California Development

Juniper Communities has assumed the management of Poet’s Walk San Antonio, a specialized memory care community.

Under Juniper’s management, Poet’s Walk San Antonio will “incorporate Juniper’s signature wellness-focused programming, including Catalyst (lifestyle management), Connect4Life (integrated care coordination) and Wellspring – Juniper’s Alzheimer’s Federation of America (AFA)-awarded memory care program,” a press release states.

The addition solidifies Juniper’s efforts to continue growing in Texas, according to the release.

Berkadia announced its involvement in the sale of Heartis Fayetteville, a 167-unit Class-A luxury senior living community in the Atlanta metropolitan area.

The community was sold on by a joint venture between Dallas-based Caddis Partners and Chicago-based Singerman Real Estate, according to a press release.

Capitol Seniors Housing acquired the community, and it is being rebranded to Village Park Fayetteville and operated by Galerie Living, the release states.

The Pennant Group (NASDAQ: PNTG) has acquired the real estate and operations of Copper Canyon Memory Care in Tucson, Arizona.

The acquisition increases the company’s portfolio by 40 units, according to a press release.

“This Tucson acquisition reflects Pennant’s disciplined approach to capital deployment and our confidence in the long-term fundamentals of the Arizona senior housing market,” Brent Guerisoli, CEO of Pennant, said in the release.

Senior Living Investment Brokerage facilitated the sale of an independent living and assisted living community in the Sun N’ Lake special district of Sebring, Florida.

The community was originally built in 1984 and renovated in 2020 with over $3.1 million in capital improvements, a press release states.

The seller was a partnership between a real estate investment trust and regional operator, and the buyer was a Florida-based regional owner-operator.

Blueprint was brought in to help handle the disposition of a large-scale continuing care retirement community in Bakersfield, California.

The campus featured three large buildings catering to assisted living, memory care and skilled nursing residents, in addition to several independent living cottage villas, according to a press release.

The community was acquired by a real estate investment trust who partnered with an in-state operator, the release states.

The boards of LeadingAge Missouri and LeadingAge Illinois and Iowa have voted to recommend a merger between the organizations.

By merging, the organizations will “multiply member value through expanded services, shared expertise and strategic innovation; strengthen advocacy impact at both the state and federal levels; accelerate forward-thinking solutions by identifying and responding to emerging trends more quickly; and support long-term member success in an increasingly complex and competitive landscape,” a press release states.

The two organizations anticipate to close on July 1 following ratification by the membership.

JLL Capital Markets and HJ Sims announced they arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a 214-unit community in Huntington Beach, California.

The community is currently under construction with plans to be delivered in 2028, a press release states.

The bonds were divided into three total tranches: a Series A $165.7 million tranche, a Series B $74.3 million tranche and a Series C $12.1 million tranche, according to the release.

Andrew Christman is a reporter for Senior Housing News as part of WTWH Media, an avid reader and writer. He enjoys new book finds from his local library, and playing tabletop games with friends.