HMP Global Acquires SMASH
Malvern, Pennsylvania-based HMP Global announced it has reached an agreement with Senior Care Events to acquire the Senior Care Marketing & Sales Summit (SMASH) from Senior Care Events, which is owned by Macgregor Communications and Validated Learnings.
SMASH is a meeting for senior housing marketing and sales executives. The 2022 meeting is scheduled for Oct. 24-26 in Las Vegas.
HMP, which is the largest healthcare event and education company, adds SMASH to its growing senior care umbrella which already includes the peer-reviewed medical journal Annals of Long-Term Care and the Post Acute Care Symposium (PACS).
Blueprint Healthcare Real Estate Advisors has facilitated the sale of a senior living community in Nampa, Idaho. The community, previously owned by a REIT, has independent living, assisted living and skilled nursing units.
Bain Capital and Capitol Seniors Housing Acquire Active Adult Community in Texas
Bain Capital Real Estate and Capitol Seniors Housing announced the acquisition of NorthStar Georgetown, an active adult community near Austin, Texas. The community includes 210 units located between Interstate 35 and State Highway 130.
Clark Retirement Community announced its plans to affiliate with BHI Senior Living. Affiliation agreements were signed on Jan. 19. Both BHI and Clark Retirement are non-profit, faith-based organizations based in the Midwest.
Clark Retirement Community will maintain its brand and identity as a subsidiary of BHI.
California, Washington Senior Housing Nonprofits Finish Affiliation
California-based HumanGood and Washington-based Living Care Retirement Community announced that the Washington Department of Social and Health Services approved affiliation between the two nonprofits –the final hurdle in the affiliation process. The two organizations are now united under the HumanGood banner.
Specialty investment bank, Ziegler announced the successful closing of the acquisition of a Florida-based community called The Cabana at Jensen Dunes on behalf of Convivial Life, a Florida-based nonprofit.
The sale includes an 11-acre development parcel adjacent to the community that has 126 units for memory care and assisted living.
Ziegler announced the closing of $52.9 million in series 2022A and 2022B bonds for the Westminster-Canterbury of the Blue Ridge.
The community, located in Charlottesville, Virginia, includes nearly 300 independent living units, 45 assisted living units, 52 nursing beds, and 12 memory care beds less than five miles from the main campus of the University of Virginia.
Grandbridge Real Estate Capital Closes on L.A. Senior Living Facility
Grandbridge Real Estate Capital announced it recently closed a $30.4 million mortgage loan secured by a Los Angeles-based affordable senior housing community called Sunset at Normandie Towers.