Evans Senior Investments Sells in…Sellersville

Evans Senior Investments is keeping the closings coming, following up on its five deals in December with its first 2020 transaction. Located in Sellersville, Pennsylvania (about 30 miles north of downtown Philadelphia), the target was a 94-unit assisted living/memory care community. It was built in 2007 and renovated in 2018, with a current mix of […]

 

 

Cushman & Wakefield Ends 2019 With A Bang

The Cushman & Wakefield team led by Rick Swartz, Jay Wagner and Aaron Rosenzweig ended 2019 with a bang. In the last six weeks of the fourth quarter, they closed eight separate sales involving 18 properties and 1,908 units for a total consideration in excess of $500 million. The largest transaction was a seven-property portfolio […]

 

Blueprint Sells Two Struggling Senior Care Facilities

Two Blueprint Healthcare Real Estate Advisors teams arranged a couple of sales of struggling senior care facilities. First, Christopher Hyldahl, Gideon Orion and Kendra Gonzalez represented a private real estate investor in its sale of a 50-bed skilled nursing facility in the Los Angeles, California market. Some $1.7 million was spent on capital improvements over […]

 

NorthMarq Closes Southern California Transaction

NorthMarq’s Southern California-based investment sales team of Kyle Pinkalla and Shane Safer represented Shefflin Investments in its sale of a 151-unit active adult community in National City, California (San Diego MSA). Originally built in 1999, the three-story building features a mix of studio and one-bedroom units, plus one commercial site. Occupancy was 97% with rents […]

 

Walker & Dunlop Finances Another Cascade Capital Group Acquisition

Walker & Dunlop’s Joshua Rosen arranged bridge financing for Cascade Capital Group’s acquisition of a 136-bed supportive living facility in Aurora, Illinois. Totaling over $11.0 million, the debt was structured and provided by W&D’s bridge lending program, which utilizes the company’s own balance sheet. It came with a nine-month term and full term of interest-only […]

 

 

Blueprint Sells Successful Senior Living Community in Missouri

Brooks Blackmon and Ben Firestone of Blueprint Healthcare Real Estate Advisors sprung into action this year in Springfield, Missouri, where the pair sold a 119-unit senior living community on behalf of a Missouri-based ownership group. Originally built in 2008, the property was expanded in 2012 to keep up with local demand. It now features 54 […]

Lancaster Pollard Refinances Plum Portfolio

It’s been quite a lucrative relationship between Lancaster Pollard and California-based skilled nursing operator, Plum Healthcare Group. About 18 months ago, Grant Goodman, Jason Dopoulos, Joe Munhall and Elliot Kaple secured $400 million in bridge financing from Credit Suisse on 27 skilled nursing facilities in California owned by Plum. However, that was short-term, corporate-level recourse-based […]