Momentous Healthcare Adds in Ohio
Forest Healthcare Properties was brought on by an Ohio-based owner/operator in a lease-to-purchase for a skilled nursing facility in Ohio. The owner was looking to divest from this region, and the buyer was Momentous Healthcare. Newly renovated, the facility comprises 100 beds with an in-house dialysis component near Cleveland, Ohio. The asset sits on 4.6 acres with 26,627 total square feet. Occupancy was low at the time of closing, so there is certainly some room for improvement for the new operator. But the lease-to-purchase structure gives them time to ramp up census and cash flow before taking over ownership. Joe Schiff and Jeffrey Vegh handled the transaction. Read More »
Not-For-Profit and For-Profit Shake Hands in Oregon
Ziegler was brought on by a not-for-profit in its divestment of a seniors housing community in Portland, Oregon, to a for-profit senior living owner/operator. Built in stages from the 1940s to the 1990s, Parkview Christian Retirement Community comprises 115 independent living units and 62 assisted living units across six acres. Humair Sabir, Stephen Johnson, Marie Carlson and Ryan Anders handled the transaction. The seller, Oregon Baptist Retirement Home Society, emphasized to Ziegler its desire for the community to be divested to a buyer that was culturally aligned and had a shared vision and values. Ziegler initially targeted not-for-profits, however, after an organization with a similar... Read More »
New Owner, Same Operator For Two Utah Seniors Housing Communities
The Pennant Group, Inc. acquired two seniors housing communities in Utah. Capitol Hill Senior Living is a 113-unit assisted living and memory care community in Salt Lake City. Southgate Senior Living is a 75-unit assisted living and memory care community in St. George. Pennant has 104 home health and hospice agencies and, now, 53 seniors housing communities located across 14 states. It intends to continue pursuing opportunities to acquire high quality home health, hospice and senior living businesses throughout the United States. Read More »
Focus Healthcare Properties Acquires in Washington
Focus Healthcare Properties acquired two seniors housing communities in Olympia, Washington. Fieldstone Cooper Point is a 96-unit independent and assisted living community. Fieldstone Memory Care of Olympia comprises 45 memory care units. The in-place operator, Fieldstone Communities, which has managed both communities since development, will remain the operator. Read More »
SLIB Handles Ensign Acquisition in Kansas
The Ensign Group announced its acquisition of the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility in Atchison, Kansas, with Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage handling the transaction. A subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, acquired the facility’s real estate, effective March 1, 2024. Gateway Healthcare, LLC, Ensign’s Kansas-based subsidiary, will take over its operations. Built in 1961, 1973 and 1993 (with a renovation in 1996), the facility was one of the last remaining county-owned nursing homes in the state. At 84% occupancy,... Read More »Schedule a demo
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