• Seniors Housing Occupancy Hits New Post-Pandemic High

    NIC released its latest seniors housing occupancy update for the 31 NIC Map Primary Markets, and fourth quarter 2024 census has hit another post-pandemic occupancy high. Overall seniors housing occupancy rose to 87.2%, up 70 basis points from 86.5% in the third quarter. Separated out by property type, majority-independent living properties were... Read More »
  • Alternative-Use Buyer Acquires Standalone Memory Care Community

    Before the year ended, BWE closed on the sale of a standalone memory care community in Suwanee, Georgia. Built in 2013, Peachtree Villa at Suwanee comprises 42-units on three acres. At the time of the sale, the property was not in operation. The buyer will renovate the property for an alternative use.  Charley Bissell handled the... Read More »
  • Samaritas Exits Senior Care Industry

    Blueprint executed the final sale facilitating Samaritas’ exit from the senior care industry. Following 50 years of providing senior care services, the company has a renewed focus on child and family services, behavioral health, refugee services and affordable housing.  Built in 1964 with an expansion completed in the 1970s, and a full... Read More »
  • Arcus Healthcare Acquires Nebraska Portfolio

    Jacob Gehl and Dillon Rudy of Blueprint were engaged by an institutional private equity firm in its divestment of a portfolio comprising four seniors housing communities in Nebraska. Built in the late 1990s and the early 2000s, the properties were well-maintained with local reputations for excellent quality of care. They were performing well with... Read More »
  • Texas-Based Operator Establishes Footprint in Oklahoma 

    Daniel Morris of Plains Commercial Real Estate kicked off his 2025 M&A activity by representing an institutional owner in its sale of an assisted living community in Edmond, Oklahoma. The seller was divesting because the community was an outlier in its portfolio, and it is focusing on core assets. The transaction closed approximately 10 weeks... Read More »
Seniors Housing Occupancy Hits New Post-Pandemic High

Seniors Housing Occupancy Hits New Post-Pandemic High

NIC released its latest seniors housing occupancy update for the 31 NIC Map Primary Markets, and fourth quarter 2024 census has hit another post-pandemic occupancy high. Overall seniors housing occupancy rose to 87.2%, up 70 basis points from 86.5% in the third quarter. Separated out by property type, majority-independent living properties were 88.6% occupied in Q4, and majority-assisted living properties were 85.7% occupied. While the Primary markets averaged 87.2%, the 99 Primary and Secondary markets combined averaged 87.7% and the remaining 41 markets to round out the 140 total markets that NIC tracks averaged 88.5%. Overall, occupancy was 87.8% for all 140 markets. The last time... Read More »
Alternative-Use Buyer Acquires Standalone Memory Care Community

Alternative-Use Buyer Acquires Standalone Memory Care Community

Before the year ended, BWE closed on the sale of a standalone memory care community in Suwanee, Georgia. Built in 2013, Peachtree Villa at Suwanee comprises 42-units on three acres. At the time of the sale, the property was not in operation. The buyer will renovate the property for an alternative use.  Charley Bissell handled the transaction, which was facilitated through a CREXI auction. This closing marks the seventh memory care community sold by Bissell over the past 24 months on behalf of a Midwest-based alternative investment firm. Previous transactions included properties in Flower Mound, San Antonio and Missouri City, Texas, as well as in Stockbridge and Alpharetta, Georgia,... Read More »
Samaritas Exits Senior Care Industry

Samaritas Exits Senior Care Industry

Blueprint executed the final sale facilitating Samaritas’ exit from the senior care industry. Following 50 years of providing senior care services, the company has a renewed focus on child and family services, behavioral health, refugee services and affordable housing.  Built in 1964 with an expansion completed in the 1970s, and a full renovation and rehab addition in 2012, Samaritas Senior Living Cadillac comprises 107 skilled nursing beds and 24 memory care beds in Cadillac, Michigan. The senior care facility features 31 private rooms and 50 semi-private rooms, and is less than one mile from the Munson Healthcare Cadillac Hospital. Historically, the facility generated stabilized... Read More »
Arcus Healthcare Acquires Nebraska Portfolio

Arcus Healthcare Acquires Nebraska Portfolio

Jacob Gehl and Dillon Rudy of Blueprint were engaged by an institutional private equity firm in its divestment of a portfolio comprising four seniors housing communities in Nebraska. Built in the late 1990s and the early 2000s, the properties were well-maintained with local reputations for excellent quality of care. They were performing well with high census at the time of closing.  The communities drew attention from a mix of local Nebraska-based operators, Midwest-focused investors and national buyers. The ultimate buyer was Arcus Healthcare Partners, a real estate investment firm specializing in seniors housing and healthcare. Arcus will bring on Omega Senior Living as operator for all... Read More »
Texas-Based Operator Establishes Footprint in Oklahoma 

Texas-Based Operator Establishes Footprint in Oklahoma 

Daniel Morris of Plains Commercial Real Estate kicked off his 2025 M&A activity by representing an institutional owner in its sale of an assisted living community in Edmond, Oklahoma. The seller was divesting because the community was an outlier in its portfolio, and it is focusing on core assets. The transaction closed approximately 10 weeks after signing the LOI.  Built in 1996, Oxford Springs Assisted Living comprises around 25 units with 29 beds, with the smaller size of the community creating operational challenges. There was a competitive bidding environment, with the ultimate buyer being a Texas-based operator that focuses on AL communities ranging in size from 25 to 60... Read More »
Ohio Senior Care Communities Secure Financing

Ohio Senior Care Communities Secure Financing

MONTICELLOAM’s Healthcare Bridge Lending team closed $73.2 million in total bridge and working capital financing for a portfolio of senior care communities across Ohio. The $64.7 million floating-rate senior bridge loan will be used by the pre-existing sponsor group, a repeat client of MONTICELLOAM, to recapitalize the existing debt on the portfolio, which comprises independent living, assisted living and skilled nursing properties. The $8.5 million working capital facility will be used to cover the day-to-day operational needs of over 700 beds across the portfolio. Read More »
Forbright Bank Reports Active 2024

Forbright Bank Reports Active 2024

Forbright Bank’s Healthcare and HUD lending teams closed 2024 with strong deal activity. Last year the Healthcare and HUD lending teams provided more than $400 million in financing to organizations in more than 12 states.  In one recent transaction, Forbright provided a $40 million bridge loan for the acquisition of three seniors housing facilities in Oregon. Underwriting was done in conjunction with Forbright’s HUD team. In another recent transaction, the bank provided a $38 million term loan and $5 million revolver for the acquisition and renovation of two skilled nursing facilities in Massachusetts by an experienced regional operator with a strong presence in the state.... Read More »
Class-A Community Secures Refinancing

Class-A Community Secures Refinancing

BMO’s Healthcare Real Estate Finance group acted as sole lender on a term loan refinancing of $30 million for The Solana East Cobb, a Class-A, 94-unit assisted living and memory care community in the Atlanta, Georgia MSA. The community has been operated by The Arbor Company since its original opening in 2019. Arbor manages 49 seniors housing communities across 11 states. Read More »
Monarch/REDICO Joint Venture Secures Refinancing

Monarch/REDICO Joint Venture Secures Refinancing

Marathon Asset Management’s Commercial Real Estate platform originated a $154.5 million mortgage loan to a joint venture between Monarch Alternative Capital LP and REDICO to fund the refinance of The American House Florida Portfolio. Marathon’s Joseph Griffin originated the senior acquisition loan. Aron Will and Adam Mincberg of CBRE arranged the financing, marking CBRE’s second financing of this portfolio within a three-year time span.  The portfolio comprises six purpose-built seniors housing communities with 817 units (409 independent living, 306 assisted living and 102 memory care). Five were built between 2015 and 2018 in strong Florida markets.  REDICO has been invested in the... Read More »
Pegasus Senior Living’s Leadership Changes

Pegasus Senior Living’s Leadership Changes

Pegasus Senior Living announced several leadership changes that it believes will position the organization for continued growth in 2025 and beyond. Industry veteran Chris Hollister, Pegasus Chair and CEO, will maintain his role with a refined focus on revenue growth and new business development. Rich Williams will continue his role as COO overseeing operational, clinical and sales teams. However, he is now also Co-President with Wade Mullis, who will additionally continue as Chief Administrative & Investment Officer to lead accounting, financial planning, IT, facilities, risk management and investment functions.  Daniel Leaf, the Senior Vice President of Business Development will... Read More »
Samaritas Exits Senior Care Industry

Blueprint Handles Detroit Transaction

Blueprint announced its role in the sale of a Class-A seniors housing community in an affluent suburb of Detroit. We learned of the deal in December, when Silver Wave Capital, Persimmon Ventures and Synergy Senior Management announced that the buying group acquired Avalon at Auburn Hills. Built in 2018, the community features 58 assisted living and 44 memory care units. The Auburn Hills market was overdeveloped for seniors housing services, and we understand that the property never reached stabilization, with occupancy below 50%. It was previously owned by Hudson Advisors, an affiliate of Lone Star Funds that purchased the community as part of the five-property Great Lakes Portfolio in... Read More »