Public REIT Sells Value-Add Community to Joint Venture
Kandu Capital, a family office specializing in real estate and healthcare, and its operating company, Bloom Senior Living, acquired an assisted living/memory care community in Ohio after strategically divesting a number of skilled nursing, behavioral health and seniors housing assets at healthy valuations. Those dispositions were initially acquired for approximately $29 million and sold for a combined $138 million, or up to $225,000 per bed/unit. Kandu also reinvested capital last year into new seniors housing assets in Indiana at less than $30,000 per unit. It has found another value-add deal, acquiring the 64-unit Bickford of Rocky River in Rocky River, Ohio (Cleveland MSA), for around... Read More »
Not-for-Profit Divests Its CCRC Portfolio to Another Not-for-Profit
A portfolio of CCRCs in South-Central Pennsylvania changed hands from one faith-based not-for-profit organization to another, with Toby Siefert and Dave Balow of Senior Living Investment Brokerage handling the process. The pair represented the seller, SpiriTrust Lutheran, an 80-year-old operator based in York, Pennsylvania, in the sale of six locations across York, Adams and Franklin counties. In total, there are 553 independent living units, 261 personal care units and 244 skilled nursing beds and more than 1.2 million building square feet. Operations could be improved, with occupancy at 82% at the time of marketing in summer 2025 but a substantial operating loss on more than $53 million... Read More »
AL/MC Community Trending Towards Stabilization Sells
Blueprint’s suite of services was on display in the sale and financing of an assisted living/memory care community in Fredericksburg, Texas. Built in 2018, The Villages of Windcrest was performing well at the time of marketing, and was trending towards stabilization. Newer, performing properties are getting the most interest in the M&A market these days, and following a competitive process, ownership ultimately selected a buyer that partnered with a new operator looking to grow its footprint in Texas. There were some challenges to bring the deal to closing, including fluctuating occupancy during diligence, but the deal successfully closed. In addition to leading the disposition,... Read More »
PACS Group Expands in Alaska
PACS Group has acquired its fourth building in the state of Alaska. At the beginning of the year, it was announced that the company acquired three seniors housing communities in the state from a seniors housing owner/operator that was represented by Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage (more on that deal can be found here on LevinPro LTC). SLIB also handled the sale of the fourth building. Independently operated subsidiaries of PACS Group have now acquired the operations of Ridgeway Senior Living, an assisted living community in Anchorage, Alaska, that was built in 2019 and has 92 beds. As part of the transaction, PACS acquired... Read More »
Sabra Health Care REIT Picks Up the Transaction Pace
Sabra Health Care REIT is ramping up its senior care M&A activity and its SHOP exposure, set to exceed the $450 million in investments it spent in 2025. The REIT completed several transactions during the first quarter, with investments closed year to date totaling $206.1 million, with an estimated initial cash yield of 8.0%. The pipeline includes an additional $200 million of managed seniors housing and skilled nursing investments awarded to Sabra with an estimated initial cash yield of approximately 8.2%, most of which is expected to close during the second quarter. In the first quarter of this year, Sabra acquired three managed seniors housing communities and one skilled nursing... Read More »Schedule a demo
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