Two Memory Care Communities Sell in Oklahoma
Blueprint Healthcare Real Estate Advisors was engaged by a regional owner/operator to sell a pair of memory care communities in Oklahoma City and Tulsa, Oklahoma. Built in 2015 and 2016, the communities each comprise 54 units and were fully stabilized in 2018 and 2019. Both communities were resilient through the pandemic, and rebounded to near 100% occupancies at the time of marketing in mid-2022. The seller received multiple offers throughout the transaction process, ultimately going with a Texas-based owner/operator focused on standalone memory care in the region. Blueprint Capital Markets worked on behalf of the buyer to evaluate a targeted list of primarily local and regional banks, as... Read More »
Reliq Health Technologies Adds 30 SNF Clients
Reliq Health Technologies, a global healthcare technology company involved in virtual care, announced that it added 30 new skilled nursing facility clients to a previously disclosed contract with a large healthcare network in Florida. The deal is expected to result in over 3,000 new patients per month using Reliq’s iUGO Care platform, which includes transitional care management, remote patient monitoring, chronic care management and behavioral health integration modules. The company also signed a new contract with a large allergy and respirology clinic in Texas that is expected to add 5,000 patients to the platform by the end of 2023. In total, the new patients, including from the SNFs,... Read More »
1031 Crowdfunding Enters Utah Market
1031 Crowdfunding announced the acquisition of its first seniors housing communities in the state of Utah. The two assets combine for a total of 178 units of assisted living and memory care. Built in 2011 and 2016 respectively by the same developer, Spring Gardens St. George and Spring Gardens Lindon total 156,473 square feet across 5.8 acres. Both communities are on seven-year leases, and are within a four-mile radius of local hospitals. Occupancy remained strong throughout the pandemic, and the assets were at or above 97% occupancy with a combined EBITDAR exceeding $2.25 million. Avista Senior Living operates both communities and will continue to do so under new ownership. Jacob Gehl,... Read More »
Stellar Senior Living Acquires Assisted Living Community in Utah
Blueprint Healthcare Real Estate Advisors announced the sale of an assisted living community in South Jordan, Utah. Built in 2018, Anthology of South Jordan comprises 103 units of independent living, assisted living and memory care, and sits on 3.7 acres in the greater Salt Lake City area. The new owner is Stellar Senior Living, which renamed the community to Copper Creek Senior Living. Utah-based Stellar Senior Living is a family-owned senior living provider operating 28 senior living communities in nine states in the western United States. The seller of the community was Anthology Senior Living, the seniors housing arm of global developer, CA Ventures. Alex Florea, Amy Sitzman, and... Read More »
New Entrant Acquires Pair of Missouri Properties
A new entrant to the seniors housing industry acquired two communities in the St. Louis, Missouri area but is intending to convert one location to multifamily following the deal. Pacifica Senior Living previously owned the two communities in Florissant and DeSmet, which featured 165 units of independent living and assisted living and were also deemed to be non-core. Scott Frazier, Jacob Gehl and Humair Sabir of Blueprint Healthcare Real Estate Advisors were engaged by Pacifica to sell the assets and approached investors that would be interested in converting one, or both, of the communities. In the end, an investment fund based in St. Louis, which was also a new entrant to the seniors... Read More »Schedule a demo
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