Helios Healthcare Advisors Arranges Acquisition Financing for Texas ALF
Helios Healthcare Advisors helped arrange acquisition financing for the purchase of a 40-bed assisted living community in Bulverde, Texas, on behalf of a Texas-based buyer. Built in 2016, the community consistently maintained stabilized census and operating margins with a majority private-pay payor mix. The seller, a single-asset owner/operator, exited the industry with the sale. Helios was engaged by the buyer in late 2022 to source the acquisition target and subsequently procure the financing. Texana Bank emerged with the most competitive offering and provided a term loan to help fund the acquisition. Simultaneous with the closing, the buyer entered a triple-net lease with an operator to... Read More »
Newmark’s Naperville and Norman Sales
Newmark’s Seniors Housing Team announced it has arranged two transactions in the states of Illinois and Oklahoma. First was the sale of Avenida Naperville in Naperville, Illinois. Built in 2002, this active adult community comprises 146 units and was 98% occupied at the time of transaction. The buyer and operator of the community is Greystar Real Estate Partners, which continues to be one of the most active participants among active adult acquirers. Next for Newmark was the sale of Wickshire Norman in Norman, Oklahoma. Built in 1999, this assisted living community comprises 70 units and sits on three acres just outside of Oklahoma City. The community was 72% occupied at the time of... Read More »
Blaze Capital Continues Acquiring Active Adult
Blaze Capital Partners continues to expand its presence with another active adult addition to its growing portfolio. Built in 2020, Sage Stone Oak comprises 150 units in San Antonio, Texas. One- and two-bedroom unit options range in size from 829 to 1,172 square feet. Each unit features an open-concept design, walk-in closets, granite countertops, in-unit washers and dryers, and private terraces or balconies. Greystar Real Estate Partners operates the community. The property experienced strong lease-up and is cash-flow positive, expected to attain an operating margin of nearly 60% upon full stabilization. Levin Pro LTC has been tracking Blaze Capital Partners since the firm first entered... Read More »
Affordable Housing Sells in Illinois
Affordable Housing Investment Brokerage Inc. announced the sale of an affordable seniors housing community in Rockford, Illinois. Built in 1979, Valkommen Plaza comprises 171 units and stands nine stories tall just south of the Wisconsin border. The property has recently received a number of upgrades, including a roof replacement, new elevators, a new transformer and central air handlers. A number of unit kitchens and baths have also been updated. A private investor sold the community to Envolve Communities for $21.1 million, or $123,000 per unit. Affordable Housing Investment Brokerage’s Kyle Shoemaker represented both parties in the transaction. Read More »
SLIB Facilitates Sale in Montana
As Montanans were looking up at the skies last week, as the team at Senior Living Investment Brokerage had their noses to the grindstone, selling an assisted living community in Billings. Built in 2015, Lasting Legacy Assisted Living comprises 32 units and sits on 16 acres. The seller of the community was a mom-and-pop operation with this being their sole senior living asset. Emerging as the buyer of the community was a Montana-based not-for-profit, which purchased the community for $3.3 million, or $103,000 per unit. As of September 2022, the community was around 88% occupied, generating revenues of $1.22 million and EBITDAR of $288,000. That puts the cap rate for the transaction at 8.7%.... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
