Blueprint Sells Two Philly Prizes

A growing seniors housing investor saw upside at two assisted living/memory care communities in high barrier-to-entry markets in Philadelphia, Pennsylvania and purchased the pair for an undisclosed price. Ben Firestone and Michael Segal of Blueprint Healthcare Real Estate Advisors led the sales process on behalf of the publicly-traded REIT owner and the in-place operator, which […]

Capitol Seniors Housing’s Premium Sale

Only three years after buying a senior living community in Park Ridge, Illinois (Chicago MSA), Capitol Seniors Housing (CSH) is selling at a premium. Originally built as a hotel in 1962 but converted to senior living in 1986, this property includes 154 units of independent living, assisted living and memory care. CSH had purchased it […]

Greystone’s Bridge to HUD

Greystone’s Fred Levine successfully refinanced two skilled nursing facilities in Jackson, Tennessee. Greystone had actually provided the bridge loans used to fund the facilities’ acquisition in 2016 by a private Tennessee-based individual. The buyer had been leasing the facilities but exercised their right of first refusal to snap up the properties. The 160-bed facility sold […]

Skilled Nursing Portfolio Acquisitions Financed by KeyBank

KeyBank Real Estate Capital arranged acquisition financing for two skilled nursing portfolios in Nevada and Texas. A joint venture between Capital Senior Ventures and BlueMountain Capital Management was the buyer in both transactions. In the larger deal, Grant Saunders and Peter Trazzera provided a $105.8 million bridge loan to fund the purchase of 12 skilled […]

Evans Senior Investments Shows Variety In Latest Closings

Evans Senior Investments displayed some variety in its two latest transactions. First, the firm closed the sale of a 30-unit/60-bed memory care community located about five miles southwest of Las Vegas, Nevada. Built in 2010, the community was formerly owned and operated by Genesis Healthcare, and although it had 100% private pay residents, occupancy was […]

HCP Sheds More Brookdale Properties

The team at Cushman & Wakefield announced that they represented HCP, Inc. in the REIT’s sale of 17 Brookdale Senior Living-managed seniors housing communities for $264 million. Richard Swartz, Jay Wagner, James Dooley and Sam Dylag led the way on the transaction and are still working to close on the sale of two more properties, […]

Ensign Deal Flurry

The temperatures have dropped, and The Ensign Group has announced a flurry of acquisitions across the country to start off November. The largest of the deals involved four senior living communities in the Dallas-Fort Worth, Texas area. Averaging 84% occupancy, the portfolio featured a majority of memory care units (150), with 53 assisted living and […]