• Ziegler Handles Unique Operator Transition

    A high-end seniors housing community that caters to the Japanese-American population in the San Francisco, California, area completed a delicate operational transfer, with the help of Ziegler. Kokoro Assisted Living is located in the heart of San Francisco’s historic Japantown and is known for providing culturally sensitive care and an... Read More »
  • Brookdale’s Occupancy Keeps Improving

    It is a shame that Brookdale Senior Living did not do two years ago what it has been doing for the past nine months or so. Weighted average occupancy in August 2025 was 81.8%, up 70 basis points sequentially. This was the seventh month in a row the company posted an increase. Month-end occupancy in August was 83.2%, up 60 basis points... Read More »
  • Blueprint Closes Two Texas Portfolio Transactions

    During the NIC Fall conference in Austin, Blueprint announced a couple of portfolio transactions in Texas. First, Amy Sitzman and Giancarlo Riso facilitated the sale of five skilled nursing facilities located throughout the Texas Hill Country and Houston. All five facilities are within four hours of each other, offering scale and operational... Read More »
  • SLIB Handles Minnesota Receivership Sale

    A senior care campus in Pine Island, Minnesota, with some operational issues in the past has found a new owner thanks to Jake Anderson, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage. Set on 6.8 acres, the campus includes Pine Haven with 70 skilled nursing beds and Evergreen featuring 24 assisted living units. Pine Haven was... Read More »
  • PACS CFO Resigns

    PACS Group saw another potential setback to its public image, announcing that its CFO Derick Apt resigned on September 2 after it was determined that he had accepted a series of high-value items from individuals associated with a group of related entities with which PACS does business. The company was in the middle of its previously disclosed... Read More »
Kiser’s Myers Announces Closings

Kiser’s Myers Announces Closings

Mark Myers has had an active year since leaving Walker & Dunlop in January 2025 to go to SVN before exiting that shop in May to co-create a seniors housing brokerage platform with Kiser Group. But a few deals that he worked on with his previous teams have also recently closed. The largest was the sale of Sarah Neuman, a 301-bed skilled nursing facility in Mamaroneck, New York, that was owned by The New Jewish Home (NJH). Despite negative EBITDA, the high-end, well-located facility sold for $76 million, or $252,500 per bed.   The private buyer has significant SNF holdings across the country and showed considerable patience as it took over three years for the state to issue the... Read More »
Blueprint Handles Five-SNF Portfolio Deal

Blueprint Handles Five-SNF Portfolio Deal

Giancarlo Riso and Amy Sitzman of Blueprint advised a client on a sale and HUD 232 process of five skilled nursing facilities located in central and west Texas. The facilities totaled 424 beds and featured positive cash flow. They had attractive, fixed-rate HUD debt of 2.8% and long remaining terms with maturity dates starting in 2035 through 2044, presenting an incoming investor with significant cash-on-cash returns, especially if they invested in a targeted capex program to raise the facilities’ competitive profiles. Further upside potential existed by improving the CMS star rating at each facility, and establishing additional referral relationships with nearby acute care hospitals.... Read More »
SLIB Sells Two Pennsylvania CCRCs

SLIB Sells Two Pennsylvania CCRCs

Two faith-based, not-for-profit CCRCs in central Pennsylvania were acquired by a private East Coast-based investor. Located an hour’s drive from each other, Church of God Home has 50 independent living units and 109 skilled nursing beds in Carlisle, while Towne Centre in Myerstown has 152 skilled nursing beds, plus some “borrowed” IL units from the Carlisle location that gives it a CCRC designation. They were built in 1948 and 1972, respectively, and operated at a profit. But this was not a “cap rate deal,” as the Towne Centre location struggled more with occupancy, and the price was not disclosed.  The selling organization is based in south central Pennsylvania, which appears to be... Read More »
Mississippi Turnaround SNF Changes Hands

Mississippi Turnaround SNF Changes Hands

3G Healthcare Real Estate, which mainly focuses on skilled nursing transactions and has a side focus of debt and equity placement, facilitated the sale of a skilled nursing facility in Mississippi on behalf of a small, local skilled nursing owner. Built in the 1970s, the asset faced occupancy and operational challenges, including staffing shortages, the need for resident mix improvements, and significant bad debt, compounded by reduced state Medicaid rates.  During the marketing process, the turnaround potential and long-term opportunities were emphasized, resulting in six competitive offers. Ultimately, an owner/operator with a local presence paid $116,000 per operational bed for the... Read More »
AlerisLife Is Shutting Down

AlerisLife Is Shutting Down

AlerisLife is in the process of winding down its business. The company had struggled for years as a publicly traded company (previously known as Five Star Senior Living) with chronic operational and governance issues, posting repeated net losses, negative EBITDA, low operating margins, and underperforming owned communities. Despite some gains and cost savings after Alvarez & Marsal’s operational review in 2022, the company failed to generate meaningful profits, and leadership changes did not reverse declining performance. Shareholder value suffered for some time, with the company finally being acquired in 2023 by ABP Acquisition LLC, a firm majority owned by Adam Portnoy, the CEO of... Read More »
SLIB Scores SNF Sale to Strawberry Fields REIT

SLIB Scores SNF Sale to Strawberry Fields REIT

Ryan Saul, Jeff Binder and Lucas Doll of Senior Living Investment Brokerage arranged the sale of a 124-bed senior care campus in Poplar Bluff, Missouri, to Strawberry Fields REIT. The SLIB team represented a regional owner/operator that was exiting the state of Missouri to focus on communities closer to its corporate headquarters.  Cedargate Healthcare features a 108-bed skilled nursing portion built in 1973 and a 16-unit assisted living community added in 1996. Renovations were also completed in 2021, and the campus benefitted significantly from the new Medicaid reimbursement methodology implemented in 2022, including a $37 per-patient-day increase on January 1, 2025. It still has a... Read More »