Cushman & Wakefield Arrange Agemark Acquisition and Texas Transaction
Cushman & Wakefield arranged the sale of a senior care campus in the state of Oklahoma. Built in 1999, Brighton Gardens of Omaha comprises 132 units and 161 beds of assisted living, memory care and skilled nursing in the city of Omaha, Nebraska. California-based AgeMark acquired the community from Brookfield Asset Management for a purchase price of $18 million, or $136,400 per unit. Agemark plans to convert the skilled nursing wing into additional memory care units. Rick Swartz, Jay Wagner, Tim Hosmer, Bailey Nygard of Cushman & Wakefield handled the transaction. Cushman & Wakefield also announced the sale of a stabilized assisted living/memory care community in Texas. Built in... Read More »
SLIB Facilitates SNF Sale
Senior Living Investment Brokerage announced the sale of a skilled nursing facility in the state of Illinois. Built in 1975, Barry Community Care Center comprises 76 beds and sits on five acres about 80 miles west of Springfield. The seller of the facility was a regional owner/operator looking to divest this asset from their portfolio to focus on their core assets. At the time of marketing the facility held an occupancy of 76% and operated at a significant loss on nearly $3.4 million in revenues, although performance improved throughout the process. A Midwest regional owner/operator based on the East Coast emerged as the buyer with the intention of expanding their presence in Illinois.... Read More »
Green Courte Partners Acquires Active Adult
Green Courte Partners LLC, announced the acquisition of an active adult community in Omaha, Nebraska, through its fifth investment fund, Green Courte Real Estate Partners V, LLC. Built in 1994, Bloomfield Forum comprises 95 units in three stories on 5.5 acres. Clearwater, Florida-based True Connection Communities, the wholly owned operating platform of Green Courte, will be the operator. True Connection currently operates a portfolio of 18 independent living and active adult communities totaling 2,700 units. Green Courte plans to renovate units and upgrade the outdoor amenities following the acquisition. Read More »
Ensign Acquires Abundance of Operations, and Genesis Healthcare Grows
Three years of a pandemic can bring clarity to senior care facility owners, and big decisions are being made to move on from operating partners that can’t cut it and find ones that can. The Ensign Group announced the operational takeover of 20 skilled nursing facilities formerly leased to North American by Sabra Health Care REIT, finalizing a previously announced deal. The 20 properties are located in California, for which Ensign will enter into two separate triple-net leases with affiliates of Sabra with initial terms of 18 and 20 years, respectively, and each with an accompanying corporate guarantee from The Ensign Group, Inc. Ensign also elected, with Sabra’s consent, to sublease three... Read More »
Haven Senior Investments Handles Two AL Transactions
Haven Senior Investments announced a couple of seniors housing closings within a matter of weeks. The two deals featured small assisted living communities owned by families looking to exit the industry, a common theme of sales in the last year. Haven’s Rebecca Van Wieren and Robin Gestal handled the transactions. First, the team sold a newly built assisted living community in an affluent suburb of San Antonio, Texas. A husband and wife team of doctors with a passion for caring for seniors built the community in 2017, but decided to sell and pass the baton to another operator more focused on seniors housing. The Type-A community features 40 beds in 28 units (with a bathroom in each unit),... Read More »Schedule a demo
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