Heritage Pointe Acquires Ohio CCRC
A long-term family owner/operator of a CCRC in Maumee, Ohio, decided to sell their only asset, but only to the right buyer. Ben Bohland and Collin Hempfling of Senwell Senior Investment Advisors handled the process (which also involved multiple advisors, attorneys and banking partners), which saw an active bidding environment and eight total offers. The seller, who was entering retirement, was determined to find a buyer with similar values committed to preserving the campus’ reputation and culture of care. Established in 1949, Elizabeth Scott Community had been in the seller’s family for 75 years. It spans 51 acres and offers 60 skilled nursing beds, 47 independent living/assisted... Read More »
Institutional Buyer Acquires in the Tampa MSA
The Knapp-Stahler Group of Institutional Property Advisors sold a seniors housing asset on behalf of an institutional investor. Located in the Tampa, Florida MSA, the community has 132 units of assisted living and memory care and demonstrated strong operational performance. It appears to be American House Zephyrhills, which was built around 2009. The marketing process generated strong interest from investors. Ultimately, an institutional buyer acquired the asset and retained the existing management team ensuring continuity for residents and staff. Justin Knapp and Nick Stahler handled the transaction. Read More »
Stellar Senior Living Enters Montana
Stellar Senior Living, a senior care owner/operator in the western United States, acquired the operations of two seniors housing communities in Montana. This marks Stellar’s entry into the Montana market. Built in 1997, Helena Pointe is in Helena with 116 independent living units, and Missoula Valley in Missoula comprises 101 assisted living and memory care units. Stellar’s mission is to serve 10,000 seniors by 2030, and with this expansion Stellar now operates 37 senior care communities across nine states, providing a range of services including independent living, assisted living, memory care and skilled nursing. Read More »
Regional Owner/Operator Purchases Turnaround SNF
Evans Senior Investments was engaged by a regional owner in a partnership with the University of Michigan Health-West Hospital to facilitate the sale of a skilled nursing facility in Wyoming, Michigan. Opened nearly 10 years ago, Healthbridge Post Acute comprises 65 beds and was experiencing operational challenges, including an annual net operating income loss exceeding $1 million. Recognizing significant upside potential on both the revenue and expense side, ESI implemented a competitive two-week marketing process, which generated substantial interest. A regional owner/operator whose capabilities align with the seller’s long-term objectives was selected as the buyer, for an... Read More »
Family Owner Divests CCRC to Not-For-Profit
Senwell Senior Investment Advisors sold a family-owned/operated CCRC in Maumee, Ohio, to a not-for-profit organization. The community had been in the seller’s family for 75 years, but they are divesting to enter retirement. Established in 1949, Elizabeth Scott Community spans 51 acres and offers independent living, assisted living, memory care and skilled nursing services. The seller was seeking a buyer with similar values committed to preserving the campus’ reputation and culture of care. Senwell generated eight qualified offers, resulting in a mission-driven CCRC operator from Indiana known for its strong track record and like-minded philosophy of care. The process involved... Read More »Schedule a demo
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