• Reliq Health Technologies Adds 30 SNF Clients

    Reliq Health Technologies, a global healthcare technology company involved in virtual care, announced that it added 30 new skilled nursing facility clients to a previously disclosed contract with a large healthcare network in Florida. The deal is expected to result in over 3,000 new patients per month using Reliq’s iUGO Care platform, which... Read More »
  • Ziegler Finances South Carolina CCRC Expansion

    Ziegler closed $29.2 million in Series 2023A and B bonds for Bishop Gadsden Episcopal Retirement Community, a not-for-profit CCRC on James Island in Charleston, South Carolina. The financing will help fund the construction of an independent living expansion on the campus and comes four years after Ziegler also helped finance the construction of a... Read More »
  • Erickson Senior Living Planning Big Tampa Bay Project

    It may be up for debate exactly when seniors housing development kicks back into high gear to prepare for the oncoming baby boomers, but Erickson Senior Living is planning its next project at its typically large scale to include more than 1,000 units of seniors housing in Lakewood Ranch, Florida. The company is seeking site approvals from Manatee... Read More »
  • 1031 Crowdfunding Enters Utah Market

    1031 Crowdfunding announced the acquisition of its first seniors housing communities in the state of Utah. The two assets combine for a total of 178 units of assisted living and memory care. Built in 2011 and 2016 respectively by the same developer, Spring Gardens St. George and Spring Gardens Lindon total 156,473 square feet across 5.8 acres.... Read More »
  • Stellar Senior Living Acquires Assisted Living Community in Utah

    Blueprint Healthcare Real Estate Advisors announced the sale of an assisted living community in South Jordan, Utah. Built in 2018, Anthology of South Jordan comprises 103 units of independent living, assisted living and memory care, and sits on 3.7 acres in the greater Salt Lake City area. The new owner is Stellar Senior Living, which renamed the... Read More »
Reliq Health Technologies Adds 30 SNF Clients

Reliq Health Technologies Adds 30 SNF Clients

Reliq Health Technologies, a global healthcare technology company involved in virtual care, announced that it added 30 new skilled nursing facility clients to a previously disclosed contract with a large healthcare network in Florida. The deal is expected to result in over 3,000 new patients per month using Reliq’s iUGO Care platform, which includes transitional care management, remote patient monitoring, chronic care management and behavioral health integration modules. The company also signed a new contract with a large allergy and respirology clinic in Texas that is expected to add 5,000 patients to the platform by the end of 2023. In total, the new patients, including from the SNFs,... Read More »
1031 Crowdfunding Enters Utah Market

1031 Crowdfunding Enters Utah Market

1031 Crowdfunding announced the acquisition of its first seniors housing communities in the state of Utah. The two assets combine for a total of 178 units of assisted living and memory care. Built in 2011 and 2016 respectively by the same developer, Spring Gardens St. George and Spring Gardens Lindon total 156,473 square feet across 5.8 acres. Both communities are on seven-year leases, and are within a four-mile radius of local hospitals. Occupancy remained strong throughout the pandemic, and the assets were at or above 97% occupancy with a combined EBITDAR exceeding $2.25 million. Avista Senior Living operates both communities and will continue to do so under new ownership. Jacob Gehl,... Read More »
Stellar Senior Living Acquires Assisted Living Community in Utah

Stellar Senior Living Acquires Assisted Living Community in Utah

Blueprint Healthcare Real Estate Advisors announced the sale of an assisted living community in South Jordan, Utah. Built in 2018, Anthology of South Jordan comprises 103 units of independent living, assisted living and memory care, and sits on 3.7 acres in the greater Salt Lake City area. The new owner is Stellar Senior Living, which renamed the community to Copper Creek Senior Living. Utah-based Stellar Senior Living is a family-owned senior living provider operating 28 senior living communities in nine states in the western United States. The seller of the community was Anthology Senior Living, the seniors housing arm of global developer, CA Ventures. Alex Florea, Amy Sitzman, and... Read More »
New Entrant Acquires Pair of Missouri Properties

New Entrant Acquires Pair of Missouri Properties

A new entrant to the seniors housing industry acquired two communities in the St. Louis, Missouri area but is intending to convert one location to multifamily following the deal. Pacifica Senior Living previously owned the two communities in Florissant and DeSmet, which featured 165 units of independent living and assisted living and were also deemed to be non-core. Scott Frazier, Jacob Gehl and Humair Sabir of Blueprint Healthcare Real Estate Advisors were engaged by Pacifica to sell the assets and approached investors that would be interested in converting one, or both, of the communities. In the end, an investment fund based in St. Louis, which was also a new entrant to the seniors... Read More »
A Key Renovation Results in Ohio IL Community Sale

A Key Renovation Results in Ohio IL Community Sale

Blueprint Healthcare Real Estate Advisors sold an independent living community in West Lake, Ohio. Our House comprises 75 units and sits on nine acres in the greater Cleveland area. There was also a home health program exclusively operating at the community. During the transaction process, many of the potential buyers were eager to convert the community to assisted living and utilize the Ohio Assisted Living Medicaid Waiver Program. So, the founding family owner/operator of the community decided to undergo necessary renovations needed to receive an assisted living license and draw more interest from potential buyers. It clearly worked, and the community was sold to a Columbus-based... Read More »
Ziegler Handles CCRC Sale to Pacifica Senior Living

Ziegler Handles CCRC Sale to Pacifica Senior Living

California-Nevada Methodist Homes, a California-based not-for-profit owner/operator, sold two of its entrance-fee CCRCs in the Golden State after filing for bankruptcy in March 2021. Lake Park, a 215-unit CCRC in Oakland, and Forest Hill, a 135-unit CCRC in Pacific Grove, experienced declining performance in recent years, which was amplified during the pandemic. Occupancy had dropped to around 60%, and monthly operating losses were significant. Pacifica Senior Living emerged as the winning bidder at the bankruptcy auction for $34 million, or $97,000 per unit. Pacifica also assumed all entrance fee contracts and associated entrance fee liabilities of approximately $20 million. Dan Revie... Read More »