Brookdale Divests California Community to Public REIT
Blueprint was engaged by an institutional, national owner/operator in the strategic disposition of a large rental CCRC in Bakersfield, California. The 20-acre campus was developed in 1999 and provides the whole continuum of care, including independent living, assisted living, memory care and skilled nursing across three large buildings and several IL villas. It also underwent several updates and upgrades over the years. Occupancy was approaching stabilized levels during the marketing process, and the campus operated efficiently and produced positively trending cash flow. Based on the community’s description, it appears to be Bayshire Riverwalk Senior Living and was previously owned... Read More »
Two Midwest Assets Trade
A couple of seniors housing communities traded in the Midwest, selling to a couple of growing owner/operators. First, in the Indianapolis area, The Kiser Group’s Mark Myers and SVN | Senior Living Advisors’ John Klement led the sale of a 157-unit seniors housing community featuring a mix of independent living, assisted living and memory care services, with 164 licensed beds. The community was built around 15 years ago and was producing positive cash flow. A regional owner/operator seeking to expand its footprint throughout the Midwest ultimately bought the asset for an undisclosed price. Myers then sold an 80-unit assisted living community in central Illinois for $23 million, or $287,000... Read More »
Assisted Living Portfolio Closes in Wisconsin
Bob Richards of Senior Care Realty recently completed the sale of a five-property assisted living portfolio in Wisconsin, closing the deal in multiple tranches. Richards had worked with the seller, AC Capital, for 15 years, helping them grow their portfolio over the years. AC Capital also has self-managed the communities for the last decade. Now, the investor group wished to exit the industry altogether. The first group of properties sold in the second half of 2025, featuring a 15-bed assisted living community south of Madison, a nine-unit CBRF in Milwaukee and the real estate of a 22-bed assisted living campus in Neenah. All operated well, with occupancy in the low-90s. The two larger... Read More »
Two Seniors Housing Sales Close
Senior Living Investment Brokerage is continuing on its hot streak this month, closing two additional deals in Alabama and Florida. In the Alabama transaction, Dan Geraghty and Brad Clousing represented a large national owner/operator that was resizing its portfolio to concentrate on its core market. So, the company divested an assisted living/memory care community that is situated on six acres with 128,706 square feet in the Birmingham MSA. The asset was built in 1998 and underwent an extensive remodel in 2016. It presents well, and comprises 85 AL and 22 MC units. The marketing process attracted strong buyer interest and multiple qualified offers, with a buyer new to seniors housing... Read More »
Selectis Health Exits Georgia
Selectis Health, Inc. has completed its exit from Georgia with the help of Michael Segal and Daniel Waldhorn of Blueprint. In the beginning of the year, Selectis Health divested Providence of Sparta Health and Rehab and Warrenton Health and Rehab to Journey, also with the help of Segal and Waldhorn (more on that deal can be found here). The company again engaged Blueprint to handle the sale of its remaining two skilled nursing facilities in central Georgia. The two assets, Glen Eagle Healthcare and Rehab and Eastman Healthcare & Rehab, sit less than 30 miles apart in Abbeville and Eastman and total 201 beds. The buildings were initially constructed around 1960, but were recently... Read More »Schedule a demo
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