The Mogharebi Group Closes Seniors Housing Sale
A Los Angeles-based private real estate investment group acquired a 284-unit seniors housing community in Wildomar, California, from Craig Thralls, a local developer. The Mogharebi Group represented Mr. Thralls in the transaction. An entity linked to Positive Investments was the buyer. Built in 2000, Wildomar Senior Leisure Community features 178 independent living and 108 assisted living units. It was fully occupied with a number of units reserved for low-income seniors. The sale involved two separate properties on separate parcels of land, each with their own ground leases. The Mogharebi Group worked with multiple government agencies and around several rent restrictions, and managed to... Read More »
Active Adult and Its Impact on Seniors Housing
Active adult is rapidly emerging as a major subsector within seniors housing, but what are the companies making the biggest plays, how do buyers and lenders value these properties, and what will be the impact on the other seniors housing subsectors? The SeniorCare Investor’s Managing Editor Ben Swett sat down with Mark Myers of Walker & Dunlop, Richard Hutchinson of Discovery Senior Living and Mitch Brown of Senior Housing Consulting to discuss the investment potential in this growing sector. Read More »
Blueprint Sells SavaSeniorCare SNF
Blueprint Healthcare Real Estate Advisors sold a 92-bed skilled nursing facility in Kenansville, North Carolina, to an experienced investor looking for growth opportunities for its operating partner in the Tar Heel State. Built in 1975, Kenansville Health and Rehab is located 75 miles southeast of Raleigh and adjacent to ECU Health Duplin Hospital. It had historically maintained stable census and cash flows, helped by the fact it had no direct local competition, but the facility saw census and margin decline after the pandemic. Blueprint was engaged by a longstanding ownership group, led by a distinguished Georgia-based entrepreneur and philanthropist, to effectuate the facility’s sale... Read More »
Marquee Capital Launches Second Fund, Targeting Seniors Housing
After successfully deploying the vast majority of capital from its inaugural fund, Marquee Capital announced that it is formally launching its second real estate fund, Marcus RE Fund II, LP, that will also include seniors housing in multiple geographies as well as opportunistic real estate plays with proven sponsors. The firm seeks to raise $100 million from other family offices, high-net-worth individuals, consultants, wealth managers and institutions. Marquee Capital recently rebranded from Berengaria Development, however the firm is still closely affiliated with Marcus Investments, the Marcus’ family office. Marquee Capital noted seniors housing’s stable cash flow and extreme... Read More »