• National Health Investors Issues Another Update

    National Health Investors is continuing its steady census progress, but the rent deferrals for Bickford Senior Living just will not end. The silver lining is that the deferral amounts are decreasing, from $3 million in both March and April of this year and $2 million in June. Now, the two parties have agreed to $1.5 million in rent deferrals per... Read More »
  • Another Family Owner/Operator Exits the Industry

    As Covid-19 has led to overall decreases in senior housing occupancy levels, Sherer Management joined several of its peers by closing down its multigenerational family business with the sale of its last two CCRCs in Iowa.  These properties include a total of 188 beds at Rose Vista in Woodbine and Longview Home in Missouri Valley.... Read More »
  • HJ Sims Refinances Michigan Provider

    It took a couple of tries, but HJ Sims arranged $41.9 million in financing for Sunset Retirement Communities, a multi-campus, not-for-profit senior living provider in Michigan. The company has grown its holdings over the past decade, starting development on its Jenison campus in 2009 and completing it in 2015. Then, after completing a market... Read More »
  • Recent Senior Care M&A Deals, Week Ending June 18, 2021

    Senior care M&A is soaring back this month across all sectors. Check out our recent M&A deal chart. Long-Term Care   AcquirerTargetPrice Beacon Health10 skilled nursing facilities in Iowa$24.2 million Regional operator/private capital providerRose Vista in Woodbine and Longview Home in Missouri ValleyN/A Ciena HealthcareLincoln... Read More »
  • Drinking the Kool-Aid in Washington (State), Again

    The people of the state of Washington are getting closer to having to make a decision about a new payroll tax to fund a “long-term” care benefit, that is anything but long term. The 58-cent tax withholding for every $100 of salary and bonus may not seem like much, but the benefit is not much either.  This reminds us (sort of) of the Class... Read More »
National Health Investors Issues Another Update

National Health Investors Issues Another Update

National Health Investors is continuing its steady census progress, but the rent deferrals for Bickford Senior Living just will not end. The silver lining is that the deferral amounts are decreasing, from $3 million in both March and April of this year and $2 million in June. Now, the two parties have agreed to $1.5 million in rent deferrals per month in June and July. That will bring Bickford’s total deferred rents with NHI to $11.75 million for the year, so far, which is expected to be repaid over a period of 18 months commencing on October 1, 2021, at an interest rate of 8% from the date of the deferral. That is on top of the $3.75 million of Bickford deferred rent from Q4:20 and... Read More »
Another Family Owner/Operator Exits the Industry

Another Family Owner/Operator Exits the Industry

As Covid-19 has led to overall decreases in senior housing occupancy levels, Sherer Management joined several of its peers by closing down its multigenerational family business with the sale of its last two CCRCs in Iowa.  These properties include a total of 188 beds at Rose Vista in Woodbine and Longview Home in Missouri Valley. They offer skilled nursing, assisted living and independent living services, in addition to hospice services through Generations Hospice. The Sherer family had owned and operated these businesses for over 60 years. Kevin Laidlaw and Dominic Porretta of Lument Securities led the transaction and advised Sherer on the sale of their businesses.... Read More »

Recent Senior Care M&A Deals, Week Ending June 18, 2021

Senior care M&A is soaring back this month across all sectors. Check out our recent M&A deal chart. Long-Term Care   AcquirerTargetPrice Beacon Health10 skilled nursing facilities in Iowa$24.2 million Regional operator/private capital providerRose Vista in Woodbine and Longview Home in Missouri ValleyN/A Ciena HealthcareLincoln Park Manor$6 million Livingston Street CapitalHaven at Lewisville... Read More »
Evans Senior Investments Sells Dayton Senior Care Facility

Evans Senior Investments Sells Dayton Senior Care Facility

A newly renovated senior care facility in Dayton, Ohio that was struggling with census issues sold to a Midwest-based owner/operator with the help of the team at Evans Senior Investments. Featuring 60 skilled nursing beds and 30 assisted living units, the facility was previously owned by an independent owner/operator looking to exit the long-term care industry. It was originally built in 1988 but received a $1.3 million renovation from 2019 to 2020.   The updated physical plant and number of private rooms certainly helped its attractiveness, but the facility was averaging just 37% occupancy at the SNF and 45% in the assisted living portion. Plus, the previous owner had not licensed the SNF... Read More »
Blueprint Announces First MOB Deal

Blueprint Announces First MOB Deal

Blueprint Healthcare Real Estate Advisors is breaking into the realm of medical office building acquisitions after proving itself as an active dealmaker in seniors housing brokerage. Late last year, Blueprint hired Eric Lee and Chris Lashmet, two veterans in the MOB and REIT space, to build out the practice, which is starting to bear fruit.  Blueprint represented the seller, MDG Real Estate Global, in the deal. Seavest Healthcare Properties, backed by its parent company Seavest Investment Group, was selected as the buyer after a competitive marketing process where several MOB players submitted competitive bids.  Built in 2013, the targeted building features eight stories and 72,000... Read More »
Livingston Street Capital Acquires Another Active Adult Community

Livingston Street Capital Acquires Another Active Adult Community

Livingston Street Capital is continuing its expansion in the active adult space with another community acquisition that brings its unit tally close to 1,000. The deal also marks Livingston’s entry in the Dallas-Fort Worth market. Newmark handled the transaction.   Originally built in 2002 with a significant renovation in 2018, the community has 180 total units. It is located in Lewisville, which is between Dallas and Fort Worth in Denton County. The community features a resort-style pool, heated spa, poolside lounge, resident clubhouse, game room and a fitness center. Occupancy was 93%.   This transaction follows three deals in 2020, when Livingston picked up three independent... Read More »