Stacked Stone Ventures Makes Major SNF Acquisition
Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, has made a major acquisition in the skilled nursing sector, acquiring nine skilled nursing facilities for approximately $33 million, or $66,000 per bed, at a 13% cap rate. Stacked Stone bought the portfolio in a joint venture with Praxis Capital from a large institutional skilled nursing owner. Located in Iowa, the nine facilities feature a combined 500 beds, with some assisted living units. They were around 80% occupied and operated at a healthy margin. Accura HealthCare will continue to operate the portfolio under a NNN lease. The transaction was financed with Oxford Finance. Read More »
Maryland Assisted Living Portfolio Trades Hands
In its first out-of-state transaction, Michigan-based Meiser Commercial Real Estate facilitated the sale of a five-property seniors housing portfolio in the Baltimore, Maryland market, on behalf of a family seller. The portfolio includes 79 assisted living units with 80 beds and was 95% occupied at the time of closing. Renovations were completed in 2019, and three of the buildings are on the newer side. The undisclosed buyer acquired the portfolio for $13.25 million, or $167,700 per unit, at an 11.8% cap rate, using the same lender that held the previous loan on the property. The transaction closed smoothly. Read More »
Financing Secured for New Jersey SNF Acquisition
MONTICELLOAM announced the financing of a $33.6 million senior bridge loan for the acquisition of a skilled nursing facility in New Jersey. The floating-rate loan has a 30-month initial term for the borrower group, a longstanding client of MONTICELLOAM, that will use the financing towards the purchase of a northeastern New Jersey facility totaling 180 beds. Read More »
Newmark Closes Major Portfolio Deal
In one of the more significant deals to close so far in 2025, Newmark announced the off-market sale of a large portfolio spread across the United States. Totaling 900 units of independent living, assisted living, memory care and skilled nursing, the portfolio is located in Virginia, Georgia, Maryland, Indiana and Arizona. Little else has been disclosed so far, but the portfolio sold for $418 million, or $464,400 per unit, which is one of the highest per-unit prices that we have seen so far this year. Read More »
Off-Market Transaction Closes in California
JCH Senior Housing Investment Brokerage was engaged in the sale of a well-established assisted living/memory care community with 86 units and 100 beds in Inland Empire, California. JCH was tasked with confidentially marketing the community to a select group of qualified buyers. There were multiple qualified offers, with a local operator being selected for its alignment with the seller’s values and its portfolio of seniors housing communities in the region. The buyer acquired the community for $14.125 million, or $164,200 per unit. The intent is to maintain current operations while enhancing resident experience and operational efficiencies. Both parties were represented by Cindy... Read More »Schedule a demo
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