Senior Living Dealbook: Distinctive Living Expands With Joint Venture; Walker & Dunlop Originates $68m In Hud Loans

Transactions

Distinctive Living expands with joint venture

Distinctive Living announced it formed a strategic joint venture with Seascape at Naples in partnership with a West Coast leading global investment firm.

With having an ownership stake in the 198-unit community, Distinctive Living “assures greater alignment with capital partners,” a news release states.

“Seascape at Naples will benefit from the combined experience of both the investment and operations teams, ensuring a strong foundation for long term success and meaningful impact for residents and stakeholders,” Joe Jedlowski, chairman and CEO of Distinctive Living, said in the release.

SLIB announces 59-unit sale

Senior Living Investment Brokerage announced it arranged the sale of Trails of Orono, an assisted living and memory care community in Wayzata, Minnesota.

The community was built in 2012 and consists of 31 assisted living units and 28 memory care units, and is located near Lake Minnetonka.

The seller is an institutional developer that originally designed and built the community, and the buyer is a private regional owner-operator with assets throughout the state of Minnesota, a press release states.

Blueprint facilitates four-property sale

Blueprint announced the sale of a four-property senior housing and skilled nursing portfolio throughout the Dallas–Fort Worth metropolitan area.

The portfolio includes 585 skilled nursing beds and 401 seniors housing units across a mix of continuing care retirement communities, assisted living and skilled nursing campuses, according to a news release.

The buyer was “an experienced turnaround investor with deep roots in the municipal bond market,” who partnered with a Dallas-based operator familiar with the properties, the release states.

Financings

Freddie Mac prices re-performing loans

Freddie Mac announced it priced its second Seasoned Credit Risk Transfer Trust offering of 2025, totaling $707 million backed by re-performing loans.

The trust includes “$673 million in guaranteed senior certificates and $34 million in non-guaranteed mezzanine and subordinate certificates,” a news release states.

The release states the transaction is expected to settle Sept. 12.

Walker & Dunlop originates $68M in HUD loans

Walker & Dunlop announced it has originated $68.3M in HUD 232/223(f) loans to refinance seven skilled nursing facilities.

The financing was used by the firm’s clients to “replace existing short-term, variable-rate debt and secure greater stability and predictability for their portfolio,” according to a news release.

The refinancings were led by Walker & Dunlop’s FHA Finance team including Joshua Rosen, Brad Annis and Johnny Rice, the release states.

The post Senior Living Dealbook: Distinctive Living Expands with Joint Venture; Walker & Dunlop Originates $68M in HUD Loans appeared first on Senior Housing News.