Senior Living Dealbook: Stepstone Real Estates Recapitalizes Portfolio; Helios Structures 224-unit Portfolio Sale 

Transactions

Helios structures sale of 224-unit portfolio

Helios Healthcare Advisors announced it structured the sale of a 224-unit portfolio of three seniors housing communities in Alabama.

The transaction was completed on behalf of Trinity Investors, a press release states.

The portfolio was acquired by Trinity between 2022 and 2023 in partnership with a regional owner-operator, according to the release.

StepStone Real Estate recapitalizes senior living portfolio

StepStone Real Estate and Blue Moon Capital Partners announced a $250 million continuation vehicle to operate five communities.

The communities were developed or redeveloped by Blue Moon, a press release states.

“We have been focused on building our senior housing exposure with strong owner-operators like Blue Moon across the US and Europe,” John Waters, SRE partner and head of investments, said in the release. “We’re excited to partner with Blue Moon on owning, improving and growing their senior housing portfolio.”

Silver Wave Capital closes on third community

Silver Wave Capital in late December announced it closed on its third senior living property of the year.

The community was a value-add 141-unit independent living community in Wichita Falls, Texas.

SWC’s portfolio now includes communities in Florida, South Carolina, Michigan, Oregon and Texas, the release states. A separate release notes Blueprint was involved in the transaction.

Financings

Ziegler closes $83.3M bond closing

Ziegler announced the successful closing of $82.3 million Series 2026A Bonds for nonprofit Messiah Lifeways.

Messiah Lifeways intends to begin construction on a second location in the first quarter of 2026, with the first phase of the project expected to include 56 apartments, 79 cottages and community and dining spaces, a press release states.

The project is slated to cost $75 million. Proceeds from the bonds will be used to “refund all of Messiah Lifeway’s current outstanding long-term indebtedness, reimburse costs of acquisition, design and pre-construction related to the Fernecrest Project begin developed by Messiah Lifeways and finance all or a portion of the costs and expenses to issue the bonds,” according to the release.

Ziegler closes financing for Deerfield Episcopal Retirement Community

Ziegler announced it closed on $357 million in bonds for Deerfield Episcopal Retirement Community.

Deerfield is planning to expand and renovate in order to meet the market demand of its waitlist with over 1,600 prospective residents, a release states.

Proceeds from the bonds will “finance the costs of the project, fund a portion of interest during construction and pay certain expenses incurred in connection with the issuance of the Series 2026 Bonds,” the release states.

Partnerships

Charter Senior Living expands with partnership

Charter Senior Living is expanding its presence with a partnership with real estate firm Paradise Management, LLC.

The two companies are developing a new property in West Chester, Pennsylvania, which will bring 162 residences to the area, according to a press release.

Leasing is set to commence later this year, and the project is anticipated to be completed in 2027.

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