Owner/Operator Expands in Missouri
Andrew Montgomery of Montgomery Intermediary Group represented a buyer that was not disclosed in its purchase of a skilled nursing facility in St. Louis, Missouri. Built in the late 1990s, the SNF comprises 120 beds. Current operations were not disclosed, but the facility was considered to be a “value-add” opportunity. Its previous owner, a local mom & pop, was exiting the sector with the sale. They were represented by Matt Bukhshtaber of CBRE. Meanwhile, Montgomery represented the buyer, a growing owner/operator that was expanding their existing footprint in the state of Missouri. The purchase price was not disclosed. Read More »
PE Firm Divests in Philadelphia
Blueprint was engaged by a real estate private equity firm in its divestment of a seniors housing community in Philadelphia, Pennsylvania. Built in 1988, the community comprises 114 units of assisted living and memory care. The PE firm acquired it in 2018 with a plan to execute a capex investment and repositioning strategy, subsequently investing significant capital to renovate and modernize the community, materially elevating its FF&E, common areas and resident units to a quality on par with a newer vintage product. Kory Buzin, Steve Thomes and Ben Firestone handled the transaction, marketing the opportunity as one with upside upon respositioning it to better serve the local,... Read More »
Sonida Expands Through the Addition of 10 Properties
Sonida Senior Living announced it added eight seniors housing communities and two management contracts to its portfolio. Sonida’s portfolio now consists of 70 communities. Including the two new management contracts, Sonida’s operating portfolio is now comprised of 82 communities. The growth also comes on the heels of the 160% increase in its share price in the first six months of 2024. The company executed two separate joint venture investments acquiring eight seniors housing communities in attractive submarkets within Sonida’s geographic footprint. The transactions include 790 independent living, assisted living and memory care units. The acquired assets consist of private-pay communities... Read More »
CA-Based National Owner/Operator Expands in Idaho
The Zett Group was engaged by a regional owner/operator based out of Oregon in the sale of its seniors housing community in Nampa, Idaho. The buyer was a California-based national owner/operator looking to expand their footprint in the state. Streamside Assisted Living and Memory Care features 79 units. The transaction navigated through various fire, life and safety needs that arose from the licensure inspection. Blake Bozett handled the transaction. The approach was targeted: upon securing the listing agreement, Bozett made one strategic call to the right buyer. Read More »
Local TX Owner/Operator Assumes HUD Loan for Distressed Asset
Senior Living Investment Brokerage facilitated the sale of a distressed senior care community in Houston, Texas. The seller was a regional owner/operator exiting the community due to operational challenges over the past few years. Vince Viverito, Matt Alley, Jason Punzel, Brad Goodsell and Jake Anderson handled the transaction, which generated multiple offers. Built in 1974, Treemont Health Care Center offers 70 skilled nursing beds and 42 assisted living units. The community sits on 1.28 acres and comprises 39,058 square feet. The buyer is a local owner/operator expanding its presence in the Houston market. They were able to leverage the HUD loan assumption, add the facility to the Texas... Read More »Schedule a demo
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