Strawberry Fields REIT continues to grow its skilled nursing holdings, and did so in a big way this month, by acquiring a large 231-bed SNF in Des Plaines, Illinois. That facility has had a somewhat checkered past. Originally built in 1975, it was acquired by a Catholic not-for-profit hospital and skilled nursing provider in May […]
People’s United Bank’s Healthcare Finance and Capital Markets Divisions led the way in arranging an $80 million senior secured credit facility for Invesque, Inc. to refinance existing debt associated with four senior living communities in eastern Pennsylvania and southern New Jersey owned in a joint venture with Heritage Senior Living. So far this year, Invesque […]
Lancaster Pollard’s Brendan Healy, Doug Harper and Casey Moore helped the owner of a 64-unit memory care community in Powell, Ohio (Columbus MSA) obtain a cash-out refinance through Fannie Mae. Built in 2016 at a cost of $12.5 million, or just below $200,000 per unit, the community was developed by Eleanor Alvarez, the CEO of […]
Check out our recent senior care M&A deals.
Boosted by an especially strong April, senior care M&A in the second quarter skyrocketed above 100 transactions for just the second time ever, according to DealSearchOnline. The industry seemed to be in a deal slump over the past year and a half, never surpassing 81 deals in a quarter and falling way off the pace […]
As the temperatures rose, the team at Senior Living Investment Brokerage heated up too, following up its portfolio closing in Florida with two deals in the Lone Star State. First, in east Texas, Matthew Alley worked with an independent owner/operator to sell their long-held skilled nursing facilities in Grand Saline and Athens. Built in the […]
Blueprint Healthcare Real Estate Advisors proved they don’t need a building to sell a piece of property. When EB-5 investor PDC Capital’s assets were placed into an SEC receivership in January 2017, per the order of a federal judge, included in the frozen assets were four assisted living development sites in California. Thomas Seaman and […]
The Ensign Group picked up a struggling skilled nursing facility in Idaho, taking over both the operations and real estate. The 40-bed skilled nursing facility is located in the resort town of McCall (situated on Payette Lake) in western Idaho. Previously operated by Tanabell Health Services, it was just 70% occupied at the time of […]
With agreements nailed down with its major REITs, buyers may start sniffing around again at a leaner and more profitable Brookdale. The announcement last week during the ASHA mid-year meeting, that Brookdale Senior Living had come to several agreements with Welltower on their various leases, was met with relief and renewed optimism for the seniors […]
After taking a hit, operationally, from Hurricane Irma, five Florida assisted living communities sold to a Texas-based not-for-profit making its first acquisition in the Sunshine State. Built from 1999 to 2013, the portfolio is mostly located in central Florida, with one property on the Panhandle in the town of Niceville, and features 340 total units, […]
