by Steph Mallozzi | Dec 12, 2024 3:36 pm | Acquisitions
Blueprint facilitated the sale of an Illinois skilled nursing and sheltered care facility in Quad Cities on behalf of WellSpire, a joint venture between WesleyLife and Genesis Health System (now MercyOne Genesis). Built in 1968, Illini Restorative Care comprises 120... Read More »
by Steph Mallozzi | Dec 12, 2024 3:34 pm | Acquisitions
Blueprint advised a not-for-profit seller in the divestment of a southern Pennsylvania memory care community. Despite profitable operations, the Washington, D.C. metro area-based seller sought to exit ownership of the community given its non-core location relative to... Read More »
by Steph Mallozzi | Dec 12, 2024 3:33 pm | Acquisitions
12 Oaks Senior Living acquired a seniors housing community in Irving, Texas. This is 12 Oak’s first owned property in many years in its managed portfolio. Acquisitions are not part of the company’s current business strategy, however, this was a unique opportunity that... Read More »
by Steph Mallozzi | Dec 11, 2024 8:22 am | Acquisitions
CareTrust REIT, Inc. acquired a 46-facility, 3,820-bed/unit senior care portfolio in the Midwest for a total investment amount of approximately $97 million (inclusive of transaction costs), or $25,000 per bed/unit. Seven of the 46 facilities are skilled nursing and... Read More »
by Steph Mallozzi | Dec 11, 2024 8:21 am | Acquisitions
Phorcys Capital Partners, an asset manager focused on distressed debt and equity investments in assets that were financed by municipal bonds, recently divested a seniors housing community in Greensboro, Georgia, after a little more than one year of ownership. Built in... Read More »