Articles written by Steve Monroe:

Cushman & Wakefield’s Strong Start to February

Cushman & Wakefield’s Seniors Housing Capital Markets team has been closing a lot of business in the shortest month of the year, negotiating the sale of a couple of portfolio transactions on opposite sides of the country. First, out West, the team of Rick Swartz and Jay Wagner advised Focus Healthcare Partners in their sale […]

Blueprint Keeps the Closings Coming

Fresh off them taking the top spot in our broker rankings for number of deals closed in 2018 (with 85), Blueprint Healthcare Real Estate Advisors announced a slew of transactions at the start of February, including two large portfolio sales. First, Ben Firestone and Michael Segal handled the sale of two skilled nursing facilities in […]

Evans Senior Investments Closes in Connecticut

Evans Senior Investments traveled to Danbury, Connecticut to sell an assisted living community with a lot of room for improvement, operationally. Built in 2000, the 48-unit community was independently owned and operated but ran with unusually high expenses. Cash flow was still positive, but the operating margin fell just below 12%. Occupancy averaged 85% over […]

NHI Adds Another Holiday Retirement Community to Master Lease

In the middle of restructuring and extending its master lease with Holiday Retirement, National Health Investors also was able to acquire a senior living community in Vero Beach, Florida. Consisting of 157 independent living and 75 assisted living units, the community was leased back to Holiday for approximately $2.6 million in rent annually. It falls […]

acquisition-deal
acquisition-deal

Joint Venture Acquires Former Emeritus Community Outside of St. Louis

Veritas Senior Living and Curis Capital joined forces to acquire a 107-unit senior living community in Herculaneum, Missouri (St. Louis MSA). Previously an Emeritus-owned community (before Emeritus sold it to Platinum Healthcare in 2009 and before the Emeritus-Brookdale blow-up), the 30-year old property currently features 81 assisted living and 26 independent living units. The purchase […]

HTG Sells Two Baltimore Brinton Woods SNFs

Healthcare Transactions Group continued its prolificacy in the Maryland M&A market with the sale of two more Brinton Woods skilled nursing facilities in Baltimore. Previously owned and operated by Brinton Woods Management Company since 2007 and 2008, the facilities are located across the city from each other. The East Baltimore SNF features a four-star rating […]