Ensign Group Acquires Operations of Two SNFs in Colorado
The Ensign Group, Inc. announced that it has acquired the operations of two skilled nursing facilities in the state of Colorado. Built in 1963, Hampden Hills Post Acute comprises 218 beds and sits on just under an acre in the town of Aurora (Denver MSA). Built in 1953, Mapleton Post Acute comprises 84 beds and sits on two acres in Lakewood. These acquisitions were effective March 1, 2023 and will be subject to long-term, triple net leases. These acquisitions bring Ensign’s growing portfolio to 290 healthcare operations, 26 of which also include senior living operations, across thirteen states. This is the second transaction to take place in Lakewood, Colorado, as just last week Levin... Read More »
Senwell Advises SNF Portfolio Sale in Ohio
Senwell Senior Investment Advisors announced its role in advising on a skilled nursing portfolio transaction comprising two recently-built sites in the Cincinnati and Cleveland, Ohio markets. Built in 2017, the Cleveland-based facility is 54-bed Landerbrook Transitional Care in the town of Mayfield Heights. The other facility was Fountains Transitional Care Center, built in 2016 and comprising 54 beds in the city of Cincinnati. Selling the facilities was a regional operator in the Midwest, as they were not aligned with its core long-term care model. The buyers of the two facilities were Medicare operators primarily from the mountain states and the west coast, which were looking to expand... Read More »
Evans Senior Investments’ Indiana Transaction
Evans Senior Investments announced the sale of an assisted living and memory care community in the state of Indiana. Built in 2016, this assisted living community comprises 48 units in the city of Merrillville (Chicago MSA). Selling the asset was a regional family ownership group. Originally built for memory care and receiving in-place rates above $5,000 a month, in late 2019, the community began accepting assisted living residents due to slow lease-up velocity of the existing memory care units. The community experienced multiple bans on admissions due to COVID-19 outbreaks, with the most recent ban taking place in February of 2022. At the time of marketing, the community was 79% occupied... Read More »
Bascom Group Acquires Active Adult Community in Colorado
The Bascom Group, in partnership with Artemis Real Estate Partners, has announced the acquisition of an active adult community in Colorado. Built in 2019, Avenida Lakewood comprises 230 units and sits on six acres in the city of Lakewood (Denver MSA). The resort-like community features a plethora of amenities such as a clubhouse, game room, arts studio, theater, salon, pool, spa, fitness and yoga studios, gardening plots, a sky lounge, electric vehicle charging stations and a pet park. Units comprise luxury features such as quartz countertops, stainless steel appliances, oversized cabinetry, custom lighting and faux wood flooring. Ryan Maconachy and Courtney Crowder of Newmark brokered the... Read More »
Integral Senior Living & Discovery Senior Living Combine
Integral Senior Living Management and Discovery Senior Living, two of the largest seniors housing operators, are combining to form the fifth largest management company in the country. The merger is happening via an investment in ISL by funds advised by Lee Equity Partners and Coastwood Senior Housing Partners, two specialized investment firms that had previously recapitalized Discovery. The recapitalization of both companies should create synergies in systems and platforms between the sister companies, which will manage approximately 27,000 senior living units, combined, with a presence in 36 states nationwide. ISL President and CEO Collette Gray will keep her current title as ISL... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
