• Healthcare REIT Divests SNF to In-Place Operating Partner

    by | Apr 17, 2026 4:05 pm | Acquisitions

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »

  • Near-Stabilized AL/MC Community Lands Refinance

    by | Apr 17, 2026 12:18 pm | Financings

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »

  • Record-Setting HUD Express Lane Application to Commitment

    by | Apr 17, 2026 12:15 pm | Financings

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »

  • Large Healthcare Owner Receives Financing

    by | Apr 17, 2026 12:14 pm | Financings

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »

  • Out-of-State Owner Divests to Investor

    by | Apr 16, 2026 3:07 pm | Acquisitions

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
Medistar Divests to Ignite in Texas

Medistar Divests to Ignite in Texas

by | Apr 16, 2024 3:59 pm | Acquisitions

Blueprint was enlisted by a private investor/developer, Medistar, to divest its value-add, senior care campus in Katy, Texas. Built in 2018, the campus features 70 skilled nursing beds and 78 assisted living units (with 34 beds). The campus maintained a steady lease-up trajectory that was halted due to the pandemic. With a minimal amount of dually-certified beds, it struggled to turn a profit. Occupancy throughout the marketing process varied, however, by closing it was around 40%, and the campus was losing money.  Multiple interested parties proposed stepping in as interim managers to attempt to turn the campus around and prepare for disposition. An operator was selected to execute a... Read More »
Harrison Street Divests Seniors Housing Portfolio

Harrison Street Divests Seniors Housing Portfolio

by | Apr 12, 2024 3:09 pm | Acquisitions

Meridian Capital Group’s senior housing and healthcare team was enlisted by Harrison Street in the divestment of a three-property seniors housing portfolio in Wisconsin and North Dakota. The communities comprise 146 independent living, 139 assisted living and 143 memory care units. New Perspective Senior Living, the in-place operator, will continue to manage the communities. Ari Adlerstein, Josh Simpson and Jesse Rauch handled the transaction. The Meridian team has closed $735 million in financing year-to-date in 2024, on top of the over $5 billion in transaction volume in 2023. Read More »
Clearwater Living Acquires Class A Community in Texas

Clearwater Living Acquires Class A Community in Texas

by | Apr 12, 2024 3:08 pm | Acquisitions

Clearwater Living, a real estate and property management company that owns, operates and develops high-quality seniors housing communities, acquired a Class-A seniors housing community in Houston, Texas. This is Clearwater’s first Texas acquisition. The company has eleven other communities across California, Nevada and Arizona, with additional properties currently under development. Built in 2022 through a partnership between Hines (based in Houston) and Watermark Retirement Communities (based in Arizona), The Watermark at Houston Heights comprises 220 total units and will be rebranded as Clearwater at The Heights. Out of the 220 units, 201 are independent and assisted living units and 19... Read More »
Not-For-Profit Nets High Value for Tennessee SNF

Not-For-Profit Nets High Value for Tennessee SNF

by | Apr 11, 2024 4:11 pm | Acquisitions

Blueprint was enlisted by a not-for-profit joint venture, The Trousdale Foundation and its management company based in Cleveland, Tennessee, Trousdale Living Communities, Inc., in its divestment of a Tennessee skilled nursing facility.  Built in 1982, the facility comprises 81 beds on four acres approximately 10 miles south of Sweetwater Hospital. It is the only licensed provider in the city, and generated positive cash flow as a result of census growth and a recent Medicaid rate increase. The facility never reached the marketing stage, as Blueprint presented options to the seller, which ultimately selected a New York-based provider that was looking to expand in Tennessee. The... Read More »
ESI Handles California CCRC Portfolio Acquisition

ESI Handles California CCRC Portfolio Acquisition

by | Apr 11, 2024 4:10 pm | Acquisitions

Evans Senior Investments facilitated the sale of two senior living communities in Texas on behalf of a regional owner/operator. ESI targeted seniors housing investors and secured multiple offers before a local owner/operator was selected as the ultimate buyer.  Evans also announced that it represented the seller in CareTrust REIT, Inc.’s acquisition of three California CCRCs that, combined, feature 475 skilled nursing, assisted living and memory care beds/units. The total purchase price was around $60 million, or $126,900 per bed/unit. The communities are in Los Angeles, Orange and San Diego counties. The incoming operator for these three communities is Southern California-based... Read More »