PE Firm Acquires and Secures Financing for Class-A, Miami Community
A Class-A seniors housing community recently sold in Miami, Florida. Built in 2023, The Oasis at Coral Reef is in Miami, Florida, with 102 independent living, 71 assisted living and 28 memory care units with floor plans ranging from studio to two-bedroom residences. Located adjacent to Jackson South Community Hospital, the community features high-end amenities, including a fitness room, a restaurant-style dining room with chef-prepared meals, a beach club, recreational program rooms, weekly housekeeping, multiple pools, among many others. The community opened at various stages throughout 2023, as state licenses were issued. Thus, it was in the early stages of lease-up, with occupancy... Read More »
Georgia Seniors Housing Community Finds New Purpose
Andrew Sfreddo, Gunnar Raney, Shane Harmon and Colin Segner of Blueprint facilitated the sale of a seniors housing community in Roswell, Georgia, on behalf of a private real estate investor. The seller was seeking a buyer that would repurpose the community into behavioral health. Within 14 days of launch, Blueprint secured a signed LOI with a leading Southeast-based provider of mental health and substance use disorder treatment services. Closing occurring 75 days later. The provider intends to repurpose the community into a residential behavioral health facility with 80 beds. Blueprint and the incoming owner/operator shared a mutual relationship with a land-use attorney who helped... Read More »
Separate Buyers Complete Skilled Nursing Acquisitions
Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties handled two separate off-market skilled nursing transactions. First, they sold a 120-bed facility in a southeast state that was 85% occupied at closing. It was acquired by a regional operator that was expanding into the area. Next, Vegh and Schiff represented a seller that was divesting a facility in Suffolk County, New York. Built in the 1970s, the facility was well-occupied and cash flowing at the time of sale, with occupancy over 90% at closing. The established buyer has facilities in the surrounding area and was looking to expand. Read More »
Minneapolis-Based Investor Acquires in Wisconsin
Bob Richards and Chad Wegner of Senior Care Realty facilitated the sale of a two-property seniors housing portfolio in Madison, Wisconsin, on behalf of a Dane County-based seller. The portfolio included two newer-vintage assisted living/memory care communities, comprising 66 units and 72 beds, operating under an all-private-pay model. At the time of sale, the communities were not performing, with occupancy levels on the lower end. However, the new Minneapolis-based investor and local management team are well positioned to drive occupancy and profitability. The purchase price was $9 million, or $136,000 per unit, with financing secured through a conventional lender. Read More »
Publicly Traded Healthcare REIT Grows in South Carolina
An institutional private equity seller engaged Blueprint in its sale of a senior care community in Greenville, South Carolina. The Gables comprises a three-story assisted living and memory care building and an adjoining skilled nursing component with private pay and Medicare occupants. The community was experiencing a strong recovery and was trending positively at the time of marketing, driven by improving private-pay demand and favorable Medicare reimbursement dynamics on the skilled side. Emerging from a range of buyer profiles, a publicly traded healthcare REIT was ultimately selected as the buyer. The REIT was looking to expand an existing partnership with a regional seniors... Read More »Schedule a demo
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