Shout out to Blueprint Healthcare Real Estate Advisors, which closed four deals this week. The deals were likely all but closed in the last month, but buyers and lenders have every reason to hit the pause button. So, to get a deal across the finish line is a feat. We’ll start with the skilled nursing deals. The […]
Ben Bohland of Senwell Senior Investment Advisors arranged a couple of skilled nursing bed license sales in the second half of Q1. First in Hamilton County, Ohio, Mr. Bohland sourced beds from two sellers in the area for one of the country’s largest SNF operators that was looking to increase capacity at one of its facilities in the […]
Senior Living Investment Brokerage announced two closings this week, one seniors housing and one skilled nursing. Starting with the SNF, Ryan Saul represented a private California-based owner in the sale of their 71-bed facility in Pekin, Illinois. A regional owner/operator with other facilities in Illinois paid $1.5 million or $21,100 per bed, for the property. Originally built […]
Seniors housing industry veterans Kass Matt and Steve Kennedy, formerly of Lancaster Pollard, have launched a new finance venture, VIUM Capital. It probably wasn’t the timing they were picturing, but a new lender in the senior care world can only help right now. The company is an independent financial service firm that will be exclusively […]
At the end of March, Dwight Capital announced a HUD refinance of a senior care campus in Andover, Kansas. Built in 2014 and 2010, respectively, the assisted living and skilled nursing buildings feature 164 total beds on 7.2 acres. Clint Miller of Dwight Capital originated a $14 million loan with a 35-year term and amortization […]
After a two-week delay, Capital Senior Living reports fourth quarter results, and a little of first quarter. After delaying its fourth quarter earnings release by two weeks, Capital Senior Living finally produced the results. And they were not as bad as we expected. Phew. To be honest, I was thinking it could be so bad […]
MonticelloAM and its affiliates just announced a large first lien debt financing to fund the acquisition of five skilled nursing facilities in Virginia. The borrower, an experienced owner/operator with an established relationship with Monticello (having received acquisition financing for several other facilities in 2019), obtained $97.2 million in debt, including an $8 million working capital loan […]
The COVID-19 pandemic was really ramping up in mid-March when Amy Sitzman and Giancarlo Riso of Blueprint Healthcare Real Estate Advisors managed to close the sale of a memory care community in the Dallas-Fort Worth area of Texas. Featuring 60 units of assisted living and memory care, the community is located in an affluent area, […]
Newmark Knight Frank sold a portfolio of six skilled nursing facilities in Arkansas earlier this month on behalf of CNL Healthcare Properties. There was a total of 868 beds, and according to CNL’s SEC filing, the reported price was $55 million, or $63,400 per bed. The facilities were built in the 1980s and 1990s and average occupancy was […]
The team at Blueprint Healthcare Real Estate Advisors announced a couple of deals that closed earlier this year. The M&A market was a little different back then, close to a peak in terms of pricing and definitely at a peak for activity. Seems like just yesterday. First, Ben Firestone, Michael Segal and Trent Gherardini sold […]