Senior Living Dealbook: Sodalis Adds 25th Community; Citrine Surpasses $100m In Senior Living Investments

Transactions

Sodalis adds 25th community

Sodalis took over management of an assisted living and memory care community in Longview, Texas, marking its 25th community and its debut in East Texas.

The transition “positions the newly branded Sodalis Longview as a gateway for continued regional growth,” a press release states.

“East Texas represents untapped potential for our model,” Shelby Anderson, vice president of sales and marketing at Sodalis Living, said in the release. “We’re bringing nearly three decades of experience to families who deserve thoughtful care within residential settings, as well as an approach that centers on whole-person wellness and dignity for older adults.”

Citrine Investment Group acquires Illinois community

Citrine Investment Group announced its acquisition of Lexington Square, a six-story, 273-unit entrance fee senior living community in Lombard, Illinois.

The community will “undergo a comprehensive renovation plan” and “be repositioned to better meet current market demands and provide a stable income model,” a press release states.

Following the transaction, Citrine’s portfolio surpasses $100 million in total investments.

American House Senior Living Communities continues Southeast growth

American House Senior Living Communities is continuing its growth in the Southeast with the acquisition of Watercrest Myrtle Beach Assisted Living & Memory Care.

The community has been rebranded to American House Myrtle Beach and marks the company’s first community in South Carolina, according to a press release.

“Expanding into South Carolina is a meaningful step forward for American House and a reflection of the strategic plan we’re actively driving forward,” Dale Watchowski, CEO of American House, said in the release.

Kandu Capital, Bloom Senior Living expand into Ohio

Kandu Capital, LLC and its operating company Bloom Senior Living announced the acquisition of a senior living community in Rocky River, Ohio.

Bloom continues to grow its presence in the midwest with this transaction, which marks its return to Ohio after previously divesting more than $138 million of skilled nursing, behavioral health and senior housing assets, a press release states.

Bloom at Rocky River was acquired on an all-cash basis from a publicly traded real estate investment trust for “significantly below replacement cost,” the release states.

Sienna continues growing platform

Sienna Senior Living is continuing to grow its operating platform by entering into purchase agreements for two communities in Ottawa and Toronto.

On May 1, Sienna entered into purchase agreements for Ballycliffe, a 224-bed, newly built long-term care community in Ajax, Ontario and Rockland Manor, a 160-suite retirement residence in Rockland, Ontario, according to a press release.

Both agreements totaled $109.3 million, according to the release.

Houston’s The Buckingham trades ownership, rebrands

Focus Healthcare Partners announced it acquired The Buckingham, a luxury community in Houston, through a court-supervised sale process.

Following the acquisition, the community has been rebranded and will operate as Laural Parke Senior Living and indicates a shift to a rental-based model, a press release states.

LCS has been selected to manage the community.

Alaska, Idaho portfolio changes hands

A 308-unit assisted living and memory care portfolio spread across Kenai, Soldotna and Anchorage, Alaska, and Caldwell, Idaho has new ownership.

A Utah-based real estate investment trust acquired the portfolio as part of a “targeted and meaningful expansion of its Alaska portfolio,” according to a press release.

Senior Living Investment Brokerage facilitated the portfolio’s sale.

Divestment leads to disposition eight-property portfolio

A senior living operator is divesting from its 13-property portfolio, leading to eight communities going to a Tennessee-based real estate investment trust.

The Colorado-based portfolio totals 540 units, a press release states.

The acquiring REIT is partnering with an Oregon-based regional operator to manage the communities, and is “a strategic and significant expansion in Colorado for both groups.” Senior Living Investment Brokerage handled the transaction.

Seattle community under new ownership

A 98-unit senior living community is under new ownership following its sale.

The community was owned by a private equity fund looking to “dispose of non-core assets,” and it was purchased by “a well-versed Washington owner-operator that is planning to reposition the community,” according to a press release.

Senior Living Investment Brokerage facilitated the sale.

North Carolina community sold

Autumnfield of Belhaven, a 32-unit assisted living community located in Pinetown, North Carolina, has a new owner.

The community was “operating at strong occupancy at the time of sale,” according to a press release, and was purchased by “a regional owner-operator with an established presence in the Southeast.”

Evans Senior Investments facilitated the sale.

Cleveland community changes hands

A 60-unit independent living community in Cleveland, Ohio has traded hands following its sale.

The community was sold to a regional owner-operator who “aligned with [the owner’s] vision for continuity,” according to a press release.

Blueprint facilitated the sale.

SLTC announces first 2026 transaction

SLTC, a venture capital group, made its first transaction of 2026 with the acquisition of The Villages of Windcrest.

The transaction is the “first of many” slated for the year, according to a LinkedIn post.

Two-community portfolio sold

Regency Retirement Village Portfolio, a two-community in Alabama submarkets, has traded hands.

The portfolio totals 94 units and was purchased by a regional owner looking to expand across the Southeast, a press release states.

Senior Living Investment Brokerage facilitated the transaction.

California community Spanish Vines under new ownership

Spanish Vines, a senior living community in the Greenhaven–Pocket neighborhood of southwest Sacramento, is under new ownership.

After receiving several offers, the seller selected a buyer “with the conviction to underwrite through the noise,” a press release states.

Blueprint facilitated the sale.

Denver-based owner-operator sells one-third of portfolio

A Denver-based owner-operator with a six-community portfolio across Colorado, Nebraska and Florida sold two of its skilled nursing communities in Nebraska.

The buyer is a Utah-based owner-operator, who acquired one of the communities and assumed the leasehold interest in another, a press release states.

Senior Living Investment Brokerage facilitated the transaction.

ESI advises on California transaction

Evans Senior Investments advised on the sale of a 120-unit skilled nursing facility in California.

The facility was acquired by a California-based buyer, who has entered into a new long-term lease agreement with Links Healthcare Group, according to a press release.

The seller is a repeat client of ESI, the release states.

Financings

Berkadia closes two loans totaling $13.5M

Berkadia announced it closed two loans totaling $13.5 million on behalf of repeat clients.

The first transaction led to a Fort Worth-based owner/operator to receive $7.9 million to purchase an 80-bed skilled nursing community. The second was a $5.6 million HUD 232/223(f) refinance for a 56-bed skilled nursing facility in Okanogan County, Washington, on behalf of a Bellevue-based owner-operator, according to a press release.

Managing Director Jay Healy and Director Andrew Lanzaro of Berkadia Seniors Housing & Healthcare closed the loans.

Two New York memory care communities secure $25.8M

Two standalone memory care communities worked with Berkadia to secure a total of $25.8 million in bridge financing.

The loans were secured on behalf of a prominent West Coast-based repeat sponsor, according to a press release.

Managing Directors Steve Muth and Ed Williams arranged the acquisition financing, according to the release.

Affiliations

Aventur affiliates with The Glen Retirement System

Aventur, a not-for-profit senior living organization, has affiliated with The Glen Retirement System.

Effective May 7, Aventur assumed management and operational oversight of the community to “ensure long-term stability for The Glen while enhancing access to operational support, strategic resources and future growth opportunities for both current and prospective residents,” a press release states.

Under the agreement, The Glen will retain its name and will be referred to as “The Glen – An Aventur Community.”

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