Regional Owner/Operator Purchases Struggling Nebraska SNF
Evans Senior Investments handled the sale of a skilled nursing facility in Lincoln, Nebraska. The transaction was executed on behalf of an independent owner/operator that was ready to transition out of the industry. Built in 1974, Holmes Lake Rehabilitation & Care Center features 97 beds across 51 units on seven acres. At the time of marketing, occupancy was at 61%, with fluctuations between 70% to 85% in years prior. The facility had also been dealing with the difficulties stemming from a one-star CMS rating. ESI targeted a select group of prospective skilled nursing buyers, looking for one with the expertise and resources to turn the property’s performance around. The ultimate... Read More »
Community First Solutions Acquires Ohio Asset
The not-for-profit Community First Solutions acquired an assisted living/memory care community in Beavercreek, Ohio (Dayton MSA), taking over operations at the same time. Ziegler represented the seller, Confluent Senior Living, in the transaction. Built in 2019 by Confluent, a subsidiary of Confluent Development, the community features 110 units of assisted living and memory care. Community First helped fund the transaction with approximately $20 million of bank debt and a $4.5 million equity contribution. Read More »
REIT Divests to Local Owner
Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Taylorsville, Utah on behalf of a REIT. The REIT was divesting to focus on its core markets within its portfolio. Vince Viverito and Brad Clousing handled the transaction. Built in 1975 and renovated in 1995 and 1996, Truewood Taylorsville features 106 assisted living units and 112 beds, sitting on four acres across 68,970 square feet. It is uniquely positioned in the market to offer affordable living for seniors. The buyer is a private owner growing its portfolio in the state. It intends to expand the Medicaid New Choices Waiver program at Truewood and leverage some of its operator’s local... Read More »
Regional Owner/Operator Divests Senior Living Portfolio
Evans Senior Investments arranged the sale of a senior living portfolio in the Southwest. The portfolio features five properties, comprising a majority of skilled nursing beds with seniors housing units. The transaction was carried out on behalf of a regional owner/operator. Ultimately, the current manager of the properties and another operator agreed to merge their operations and acquire the portfolio. The real estate assets were purchased as part of the deal. Read More »
City of San Francisco Acquires AL/MC Community
It took a lot of creativity and nearly two and a half years for an assisted living/memory care community in San Francisco to find a new owner, that new owner being the City of San Francisco. Rob Reis of Marcus & Millichap handled the transaction, representing the national owner/operator seller in the process. Reis cast a wide net, including municipalities, before procuring the City as the best buyer option. Comprising two buildings, including an older Victorian structure dating back to before the 1906 earthquake but that was converted to assisted living in 1997, the community also features a purpose-built structure completed in 2005. Together, they comprise 52 units and 79 beds,... Read More »Schedule a demo
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