Transactions
Blueprint announced it advised a real estate investment trust in the sale of an assisted living and memory care community in Wyoming, Michigan on April 4.
According to a press release, the community was built in 2015 and consists of 102 units.
The seller selected a Virginia-based investor and its Michigan operating partner as the buyer, advancing its strategic expansion in Michigan.
Blueprint advises on sale of two Utah communities
Blueprint announced it was engaged for the sale of two assisted living and memory care communities as part of an exit strategy.
The 113-unit Salt Lake City and 75-unit Saint George communities were purchased in a transaction pre-Covid, but headwinds led to a repositioning.
According to a press release, the transaction closed on time between Pennant, the seller, and the outgoing operator.
Management Transactions
Merrill Gardens named management company for multiple communities
Senior living owner-operator Merrill Gardens announced the management of three new communities in Missouri and Washington, according to a news release from the Seattle, Wash.-based company.
Merrill Gardens is now the management company for Murano Senior Living in Seattle, Washington and Merrill Gardens at Tukwila, Washington.
Murano Senior Living is a 243-unit high-rise senior living community with independent living, assisted living and memory care. Amenities include a fitness center, art studio, theater, bar, two restaurants, sky lounge, dog run, golf simulator, piano lounge and outdoor terrace. Units range from studios to two-bedroom penthouses.
Merrill Gardens at Tukwila is a new-build and offers 135 apartments with IL, AL and memory care in proximity of the Westfield Southcenter Mall.
Mission Ridge in Springfield, Missouri is also a new-build community and includes 103 studio, one- and two-bedroom apartments with IL, AL and memory care. Amenities at the community include a rooftop pub and fitness center.
Health Dimensions Group (HDG) announced the management of Country Manor Memory Care as of last month, according to a news release from the Minneapolis, Minn.-based company.
With the management agreement, HDG will implement its proprietary memory care program known as Enrichment Beyond Expectations with personal care plans with a daily routine structure.
HDG manages over 50 senior living communities along with additional health care, real estate and financial consulting.
LCB takes over management of The Reserve at East Longmeadow
LCB Senior Living announced it has assumed management of The Reserve at East Longmeadow on April 9.
According to a press release, the community has over 100 residential apartments and has assisted living and memory care services.
The community was opened in 2024.
