• Public REIT Purchases Texas Class-A Seniors Housing

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »
  • Eads Sells Its 24th & 25th Missouri Community

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »
  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »
  • More Shareholder Activism

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »
  • Active Adult Expansion A Hit With Investors

    How often have we heard that new development is dead? Or that CCRCs (LPCs) are on their way out? Too often. But how often do you hear about an Active Adult expansion on a CCRC campus, and one with entrance fees? Not often enough. That didn’t stop Three Pillars Senior Living Communities and Cain Brothers from putting together a plan that may... Read More »
Public REIT Purchases Texas Class-A Seniors Housing

Public REIT Purchases Texas Class-A Seniors Housing

Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the community dramatically improved. Brooks Blackmon, Ben Firestone and Lauren Nagle handled the transaction. There was a competitive marketing process with five written letters of intent from REITs, owner/operators and real estate investment firms, resulting in multiple rounds of bidding. The ultimate buyer was a public REIT that elected to maintain Franklin... Read More »
Eads Sells Its 24th & 25th Missouri Community

Eads Sells Its 24th & 25th Missouri Community

Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or $73,000 per unit. It regularly produced EBITDA around $300,000. The seller was a local owner/operator that built and expanded the community over the course of 30 years. A local owner/operator establishing its footprint in a new market bought the community. Next, PREA brought on Eads to sell its affordable seniors housing community in Concordia that... Read More »
Pacifica Companies Acquires National Portfolio

Pacifica Companies Acquires National Portfolio

Pacifica Companies, LLC, a privately owned real estate private equity firm based in San Diego, California, acquired the majority of the not-for-profit Retirement Housing Foundations’ market-rate seniors housing and skilled nursing assets. Ziegler served as exclusive sell-side advisor to RHF on the transaction, which closed in phases throughout late 2022, 2023 and the first quarter of 2024.  The portfolio consists of 15 seniors housing communities across six states: California (7 communities), Florida (3), Missouri (2), Indiana (1), Kentucky (1) and South Carolina (1). There are around 3,200 market-rate independent living, 850 assisted living/memory care and 563 skilled nursing beds.... Read More »
Two Seniors Housing Communities in Indiana Trade Hands

Two Seniors Housing Communities in Indiana Trade Hands

Blueprint facilitated the divestment of two seniors housing communities in northwest Indiana. The value-add communities are in Michigan City and Merrillville and comprise 119 assisted living and memory care units. They had strong pre-pandemic financial performance but more recently benefited from a substantial Medicaid Waiver reimbursement rate enhancement that was passed in July. Connor Doherty, Ryan Kelly, Amy Sitzman and Giancarlo Riso handled the transaction, which featured multiple competitive offers. The selected buyer intends to fully reposition the communities as affordable seniors housing through the Indiana Assisted Living Waiver Program. The buyer also plans to bring on an... Read More »
Public REIT Purchases Texas Class-A Seniors Housing

Artemis/Bridgewood Acquire Texas Portfolio

CBRE was engaged in the sale of four seniors housing communities in the Dallas, Texas MSA: Village on the Park Plano (Plano), Village on the Park Denton (Denton), Village on the Park Stonebridge Ranch (McKinney) and Village on the Park McKinney (McKinney). The communities comprise 366 total units of assisted living and memory care and were built between 2014 and 2017. The buyer was a joint venture between Artemis Real Estate Partners and Bridgewood Property Company. The Aspenwood Company, Bridgewood’s affiliate property manager, will operate the communities. John Sweeny, Aron Will and Garrett Sacco handled the transaction. Additionally, Will and Adam Mincberg financed a subset of the... Read More »
Oklahoma Deal Overcomes Last-Minute Obstacles

Oklahoma Deal Overcomes Last-Minute Obstacles

Plains Commercial Real Estate facilitated the sale of a skilled nursing facility in Oklahoma. The SNF was under legacy ownership and management, but the seller opted to divest to enter retirement and effectively exit the sector. Built in the 1960s, Latimer Nursing Home in Wilburton features 48 beds and occupancy hovered around 63% at the time of closing. Despite being cash flow negative, the facility was approaching breakeven. Daniel Morris handled the transaction, which had a competitive bidding process. The selected buyer was a local investor with other operations and ancillary businesses in the area. To facilitate the operational transition, both parties agreed to an interim management... Read More »