Ensign Acquires Iowa Skilled Nursing Facility
Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage helped an industry veteran in Iowa sell his last solely-owned senior care facility, finding a publicly traded buyer in the process. The facility in question was Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, about one hour southeast of Des Moines. Set on a 12-acre campus, the facility was built in phases from 1975 to 1995 to 2017. The last addition consisted of a state-of-the-art rehabilitation wing with 14 private suites and a therapy gym at the cost of approximately $2.5 million. The wing stabilized within just a few months of opening. Total occupancy was around 87.5%, and the... Read More »
Investor Group Enters the Seniors Sector Through Idaho Purchase
An assisted living/memory care community in Twin Falls, Idaho, traded with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. The campus opened in 1989 with an eight-unit building, and added two 15-unit buildings in 2009 and 2015, respectively. Some units were added to each building in 2023 and 2024, and now, the campus totals 43 beds in 43 units, with 21,541 square feet. Occupancy was between 95% and 100%, and the campus generated well over $900,000 of NOI on more than $2.5 million of revenues. A new investor group entering the sector emerged as the buyer, paying an undisclosed sum for the community. At the release of contingencies, Mundy... Read More »
Value-Add Owner/Operator Grows in Texas
Amy Sitzman, Giancarlo Riso, Connor Doherty and Ryan Kelly of Blueprint got a seniors housing deal across the finish line in Odessa, Texas. Built in 2013 as part of an expansion to an adjacent CCRC, the building has 67 assisted living and memory care units. It had gone through multiple operator changes over the years. The deal was marketed as an opportunity for a regional owner/operator to acquire the community in a growing West Texas market and stabilize cash flow through expense controls. Blueprint procured multiple competitive offers, ultimately advising the seller to move forward with a value-add regional owner/operator with an existing presence in the Dallas-Fort Worth market that was... Read More »
Seller Divests Its Only Out-Of-State Asset
Senwell Senior Investment Advisors facilitated the successful sale of a 100-bed skilled nursing facility in Pennsylvania. Built in 1987, the facility was developed by an Ohio-based operator as part of a broader growth initiative. Its occupancy rate was consistently strong, often exceeding 95%. It was the seller’s only out-of-state asset, leading to the decision to divest and refocus operations within Ohio. The sale process attracted five strong offers. Senwell and the seller ultimately moved forward with a buyer that demonstrated the clearest ability to execute a smooth operational transition and align with the long-term needs of the community. The buyer will look to enhance its... Read More »
Joint Venture Adds to Its Seniors Housing Footprint
Foundry Commercial and funds managed by affiliates of Fortress Investment Group acquired the RoseWood Village Assisted Living and Memory Care communities in Charlottesville, Virginia. The two communities, RoseWood Village at Greenbrier and RoseWood Village at Hollymead, will be operated by Foundry Commercial’s management company, Allegro Living, under its Spring Arbor brand. With these additions, Allegro Living’s footprint now comprises 54 seniors housing communities across 14 states, with 10 of those owned/managed assets being Spring Arbor communities. The Greenbrier community was built in 2001 and expanded in 2018, while the Hollymead community was constructed in 2008. Together they... Read More »Schedule a demo
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