![Family Office Acquires Florida Seniors Housing Portfolio](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2020/09/bigstock-Miami-Beach-in-Florida-with-lu-14752583-e1599595875273.jpg)
![Family Office Acquires Florida Seniors Housing Portfolio](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2020/09/bigstock-Miami-Beach-in-Florida-with-lu-14752583-e1599595875273.jpg)
![Forest Facilitates Florida SNF Acquisitions](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/03/Florida_Attracts_Buyers.png)
Forest Facilitates Florida SNF Acquisitions
Forest Healthcare Properties handled two separate skilled nursing transactions in Florida. First, engaged by a regional owner/operator looking to exit the Tampa and Orlando MSAs, Forest helped facilitate the sale leaseback for a portfolio of seven SNFs. Built in 1980, the portfolio encompassed 866 beds with an occupancy rate above 90%. At the time of sale, the portfolio was not stabilized. The buyer was a regional owner/operator with a presence in Georgia and North Carolina and was looking to expand into Florida. Jeffrey Vegh and Joe Schiff handled the transaction, which involved the approval of three different banks due to the existence of three separate loans. Interest in the... Read More »![The Zett Group’s Summer Surge](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2022/02/active-adult-1080x628.jpeg)
The Zett Group’s Summer Surge
The Zett Group, a brokerage firm focused on the Pacific Northwest, has hit a rich vein of activity, closing four separate transactions in recent weeks. Blake Bozett handled the transactions, with even more deals to be announced soon. First, built in 2006, Streamside Assisted Living and Memory Care features 79 assisted living and memory care units in Nampa, Idaho. It was stabilized at the time of sale. The seller was Ohana Ventures, and the buyer was Titan SenQuest, which was looking to expand its footprint within the state. The transaction navigated through various fire, life and safety needs that arose from the licensure inspection. Upon securing the listing agreement, Bozett made one... Read More »![StoryPoint Acquires in Michigan](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2016/09/bigstock-Michigan-Flag-3439920.jpg)
StoryPoint Acquires in Michigan
Alex Vice, Josh Jandris and Thomas Falkenberg of Walker & Dunlop facilitated the sale of two seniors housing communities in Oakland County, Michigan, which included Blossom Ridge (Rochester) and Blossom Village/Blossom Springs (Oakland Charter Township). In total, the communities encompass 245 units: Blossom Ridge features active adult, independent living and assisted living units whereas Blossom Village and Blossom Springs offer assisted living and memory care units. Built in 2019 by the Moceri family, the combined assets have been rebranded as the Flourish Collection by StoryPoint Group and will be added to StoryPoint Senior Living’s portfolio of seniors housing communities that... Read More »![Not-For-Profit Defaults and Divests in Pennsylvania](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2022/01/refinance.jpeg)
Not-For-Profit Defaults and Divests in Pennsylvania
Evans Senior Investments was engaged by a not-for-profit organization in its divestment of the real estate of a skilled nursing facility in Indiana, Pennsylvania. After the not-for-profit defaulted on its existing bond debt, ESI was brought on to market the property as part of the Section 363 bankruptcy process. A select group of skilled nursing buyers were targeted and nine competitive offers were procured. The selected buyer offered the most advantageous terms for all parties involved. Law firm Duane Morris LLP also handled the transaction. Built in the 1970s with two major renovation projections completed since then, Beacon Ridge comprises 118 beds and offers private units,... Read More »![2nd Quarter Investor Call Recording](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2022/02/business-update-1080x675.jpeg)