Community Purchased through HUD Assumption
Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds, and there was a roughly 50% Medicaid census. The asset was struggling financially, and the previous owner had not made debt payments for months. It was purchased via a HUD assumption by an experienced operator who had already taken over management and begun an operational turnaround. Read More »The Zett Group Rounds Out Q4
The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by a partnership including Pacific Northwest senior care veterans Jim Clay, Paul Redhead and the late Gene Hand. Nightingale Living, managed the community, which had recently received a new roof, new siding and a cosmetic refresh. There were a handful of interested parties, but a regional owner/operator, Ohana Ventures, emerged as the strongest... Read More »Legacy Owner/Operator Retires with Sale
Daniel Morris of Plains Commercial Real Estate rang in the new year with the sale of a couple assets in Enid, Oklahoma, collectively referred to as the Greenbriar Portfolio. The legacy owner/operator-seller built two of the buildings, and converted the third to seniors housing after purchasing it in the 1990s. The skilled nursing facility comprised 150 beds, the assisted living community featured 60 units, and the independent living community had 61. The physical plants were very well-maintained. Second-generation leadership was ready to retire, prompting the divestment of the assets that had never previously been sold. The process was competitive, with a regional group ultimately selected... Read More »Healthpeak Properties Jumps Back into Seniors Housing
Ever since Healthpeak Properties essentially exited the seniors housing market in 2021, we had wondered when they would come back. We even thought they could have jumped back in just a year later when rumors were circulating that Brookdale Senior Living was in talks about a potential sale. The M&A opportunity in seniors housing, and the fact that its REIT peer group have been accelerating their acquisition efforts in the last year, must have been too good to pass up, as Healthpeak is now forming Janus Living, a REIT that will own, acquire and develop seniors housing properties under a RIDEA structure. An IPO is planned in the first half of 2026, after which Healthpeak intends to... Read More »Blueprint Handles Washington State Bankruptcy Deal
Fresh off a phenomenal 2025 (we’ll see where they ended up in the Broker Rankings next month), Blueprint announced a few end-of-year closings this week. First, Michael Segal, Dan Mahoney, Amy Sitzman and Daniel Waldhorn ran a bankruptcy sale for the real estate of three skilled nursing facilities in Washington State. They were engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to manage the marketing and sale process. Dubbed the Supersonic Portfolio, the facilities are in King and Pierce Counties and licensed for 355 total beds. They included Renton Health & Rehabilitation in Renton, Valley View Skilled Nursing and Rehabilitation in Renton, and... Read More »Schedule a demo
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