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 with a price of $55 million, it came to about $63,400 per bed. The facilities were built in the 1980s and 1990s and average occupancy was near 83% […]
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 […]
Check out our recent senior care M&A transactions!
Dwight Capital got a HUD financing closed in West Jordan, Utah (Salt Lake City MSA). The target was a Beehive Homes community built in 1996 and 2007 on over 1.5 acres. It currently consists of 50 beds in 50 units and is located less than a mile from Jordan Valley Medical Center. The license allows […]
Sales are still getting done at Senior Living Investment Brokerage, with Brad Clousing, Jeff Binder and Patrick Burke handling the sale of a 78-unit assisted living community in Northport, Alabama. In 2019, Mr. Clousing had also sold a 161-bed skilled nursing facility in Northport, so we’re sure that experience helped in this transaction. Built in 1999, the community […]
Meridian Capital Group has had a productive start to the year, including an especially busy last few weeks. We imagine they gained some knowledge from closing deals during that period, which could not have been straightforward. So far in 2020, the group has arranged $563 million in financing for skilled nursing, assisted living and memory care […]
It’s good to see business still getting done these days. Scott Kavel, Founder and Principal of Creativcap, took that to another level by announcing four transactions in the last week, including one sale and three loan closings. The transactions were likely nearly finalized before much of the mayhem started, but to close a deal in this environment is an accomplishment. The sale included a […]
Amid the cratering of share prices across most industries, a couple of healthcare REITs announced share repurchase plans. LTC Properties announced that its Board of Directors approved a share repurchase plan involving an aggregate of up to five million of its outstanding shares of common stock. The company made the plan public on March 12th, […]
