by Steve Monroe | Sep 5, 2018 7:01 am | Acquisitions
Trent Gherardini wrapped up a busy month for Blueprint Healthcare Real Estate Advisors with the sale of a 204-bed skilled nursing facility in Corpus Christi, Texas. It was owned by a Florida-based owner for generations, but its lease with the existing tenant was... Read More »
by Steve Monroe | Sep 5, 2018 7:00 am | Acquisitions
Senior Living Investment Brokerage’s Brad Clousing helped a private fund divest an assisted living/memory care community in Marietta, Georgia that did not fit into its geographic criteria. Built in 1995, the 56-unit community was just 59% occupied and operated at a... Read More »
by Steve Monroe | Sep 4, 2018 4:18 pm | Acquisitions, Financings
The CBRE team showed their strength in their latest two transactions. First, it was announced that not only did Lisa Widmier represent a publicly-traded REIT in its sale of a 120-unit assisted living community in Sterling Heights, Michigan to Chicago Pacific Founders,... Read More »
by Steve Monroe | Aug 31, 2018 7:02 am | Financings
Showing off its versatility, Live Oak Bank facilitated acquisition financing for two separate, and very different, transactions. First, the bank provided a cash flow balance sheet loan to support a partner buy-out at Frontier Management. Formation Capital had owned a... Read More »
by Steve Monroe | Aug 31, 2018 7:01 am | Acquisitions
A county-owned skilled nursing facility in Fremont, Ohio may see a brighter future under its new private owner, which acquired the property for $2 million, or just $24,400 per bed. The three-story, 82-bed facility was built in 1965 and expanded in 1989. But age was... Read More »