Stay up-to-date on skilled nursing and assisted living businesses, retirement communities, REITs and home health care with The SeniorCare Investor newsletter. For over 50 years, The SeniorCare Investor has been tracking mergers, acquisitions, equity & debt financings, bankruptcies and corporate shake-ups in the senior care market.
Tim Cobb of Berkadia Senior Housing Investment Sales sold an assisted living/memory care community in Federal Way, Washington, working on behalf of the seller, Columbia Pacific Advisors. Built in 1997, the target comprises 87 units and 104 beds. It will be taken over by a joint venture involving Harrison Street Real Estate Capital and Gencare […]
National Health Investors picked up a senior care campus outside of Boston, Massachusetts for a purchase price over $50 million. The REIT also immediately leased it back to the previous operator, Wingate Healthcare, for a 10-year term with three 5-year renewal options and an initial annual lease rate of 7.5% plus annual fixed escalators. Located […]
Brian Clark of Heavenrich & Company sold a pair of Oklahoma senior living communities for a price of $12.25 million, or just over $90,000 per unit. Located in Oklahoma City and Mustang, the communities were previously owned by Bridge Investment Group and total 135 units, including 113 assisted living, 16 memory care and six independent […]
Check out our recent senior care M&A deals!
CBRE pulled doubly duty for a pair of assisted living/memory care communities in Houston, Texas, arranging both the sale on behalf of the seller and acquisition financing for the buyer. Dubbed “The Village Portfolio,” these communities total 224 units and are located within a 10-mile radius of the largest medical center in the world, the […]
Mike Garbers and Cody Tremper of Greystone Real Estate Advisors represented a publicly-traded REIT in the sale of two of its assisted living communities in Rhode Island. Built between 1989 and 1999, both locations were formerly operated by Brookdale Senior Living. They feature not only assisted living and memory care units but also a significant […]
Bradley Clousing, Daniel Geraghty and Toby Siefert of Senior Living Investment Brokerage helped a second-generation owner of a skilled nursing facility in Northport, Alabama (Tuscaloosa MSA) exit their only asset and the industry altogether with the facility’s sale. Built in stages from 1973 to 2008, the facility earned a good reputation in the local market […]
Griffin-American Healthcare REIT IV announced a number of transactions that they closed in the fourth quarter of 2018. Most of them involved medical office building portfolios, but one saw the acquisition of five assisted living communities in Michigan for an undisclosed price. Totaling 302 units with locations in Grand Rapids, Holland, Howell, Lansing and Wyoming, […]
Drawing on plenty of experience selling county-owned skilled nursing facilities, Joshua Jandris, Mark Myers and Alex Vice of IPA Seniors Housing just sold their first in the state of Ohio. Although this was the team’s first county-owned SNF sale in the state, it was their 64th overall in Ohio (for $600 million in total transaction […]
A private REIT based in North Dakota purchased a private pay assisted living community in Rapid City, South Dakota with hopes of improving occupancy and operations to increase value. Built in 2004, the 87-unit community was 85% occupied with a 20% EBITDAR margin in the trailing 12 months. The seller was an independent owner/operator, so […]