by Steve Monroe | Aug 8, 2017 7:21 pm | Acquisitions, Financings
Three years after it opened in Tulsa, Oklahoma, an 86-unit assisted living/memory care community sold to an undisclosed buyer. To fund the purchase, Monique Bimler of KeyBank Real Estate Capital arranged a $13 million, or $149,400 per unit, Freddie Mac loan, with a... Read More »
by Steve Monroe | Aug 7, 2017 6:42 pm | Acquisitions
Check out our recent senior care M&A transactions! Long-Term Care AcquirerTargetPrice CareTrust REIT, Inc.Memory Care Cottages in White Bear Lake$7.5 million Granite Investment GroupTabor Crest II$7 million Ohio-based owner/operatorMilcrest Nursing Center$2... Read More »
by Steve Monroe | Aug 4, 2017 7:02 am | Acquisitions
Joshua Jandris, Mark Myers and Charles Hilding of IPA Seniors Housing represented Morris County (New Jersey) in leasing its 283-bed skilled nursing facility in Morristown. The four-story facility had been struggling, losing as much as $3.8 million in annual EBITDA per... Read More »
by Steve Monroe | Aug 4, 2017 7:01 am | Acquisitions
Blueprint Healthcare Real Estate Advisors certainly has kept busy this summer, announcing four transactions in the last week. Connor Doherty closed two SNF transactions for Blueprint, both located in Ohio. The larger deal consisted of two facilities and 252 total... Read More »
by Steve Monroe | Aug 4, 2017 7:00 am | Acquisitions
Senior Living Investment Brokerage ended July with two closings. First, a family owner that had operated a pair of Texas skilled nursing facilities for decades recently decided to sell to an independent owner/operator based in the Waco area for $9.35 million, or about... Read More »