Ensign Grows Again
The Ensign Group announced two separate transactions that closed on the same day involving several assets. First, Ensign acquired the real estate and operations of Citrus Heights Respiratory and Rehabilitation, a 204-bed skilled nursing facility, and Springdale Village Post Acute, a 122-bed skilled nursing facility, both in Mesa, Arizona. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc. Ensign next acquired the real estate and operations of Polaris Extended Care and Polaris Transitional Care, a skilled nursing facility with 146 beds in Anchorage, Alaska; Horizon House, a 90-unit seniors housing community in Anchorage, Alaska; Mt. Angel Health and... Read More »
Oxford Finance Closes Major Credit Facility
Oxford Finance closed a $256.85 million senior credit facility for a client in California. Proceeds were primarily used to refinance four skilled nursing facilities featuring 356 total beds and acquire thirteen skilled nursing facilities with 1,451 total beds across the state. The acquired portfolio featured facilities built from the late 1960s to the late 1970s, with occupancy in the low- to mid-90s. They were previously owned by a third-party real estate owner and an owner/operator that was retiring. A regional owner/operator was the buyer and had a strong existing relationship with Oxford. The transaction closed just 20 days after term sheets were signed. Read More »
Welltower Acquiring Amica Senior Lifestyles Portfolio
In the largest seniors housing transaction recorded since 2021, Welltower is purchasing a portfolio of 38 high-end seniors housing communities and nine entitled development parcels in Canada for aggregate consideration of C$4.6 billion, or US$ $3.185 billion. The seller was Ontario Teachers’ Pension Plan, which made its initial platform investment in Amica in 2010 alongside co-founders Douglas MacLatchy and Robert Ezer. The portfolio has grown to 24 stabilized, income-producing properties and seven recently opened properties still in lease up that are located in some of Canada’s most affluent markets in Toronto, Vancouver and Victoria. There is a continuum of care... Read More »
Publicly Traded REIT Acquires in Missouri
Senior Living Investment Brokerage facilitated the sale of a newly built seniors housing community in Springfield, Missouri. Built in 2021 and leased up quickly across all three acuity levels, Springhouse Village comprises 37 independent living, 62 assisted living and 32 memory care units across 15.6 acres. The community has had a consistent occupancy at more than 95%. The seller, an owner/operator and long-time client of SLIB’s, divested the asset to exit the seniors housing industry. The buyer, a publicly traded REIT with a significant seniors housing footprint, was selected after a competitive bidding process in which multiple competitive offers were secured. Jeff Binder and Nick... Read More »
Not-For-Profit Divests to River Oaks of Minnesota
Nick Glaisner of Ziegler facilitated the sale of an assisted living and memory care community in metro Minneapolis on behalf of a not-for-profit organization that serves elderly and disabled people in the Twin Cities. The community has more than 60 beds. The buyer was local operator River Oaks of Minnesota. River Oaks’ portfolio now comprises four AL communities in the metro area. Read More »Schedule a demo
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