The Ensign Group Buys Two SNFs in Colorado
The Ensign Group has acquired the operations of two skilled nursing facilities in the greater Denver, Colorado area. Brighton Care Center in Brighton comprises 108 beds and sits less than 15 miles away from the other facility, Malley Transitional Care Center, a 162-bed skilled nursing facility in Northglenn. They will be subject to a long-term triple-net lease, and Endura Healthcare LLC, Ensign’s Colorado-based subsidiary, will take over operations. This Colorado acquisition brings Ensign’s growing portfolio to 271 healthcare operations across 13 states. According to Levin Pro LTC, last month, The Ensign Group and its captive REIT Standard Bearer Healthcare REIT also acquired Prisma... Read More »
Public REIT Acquires North Carolina Senior Care Portfolio
A publicly traded REIT and its operating partner Saber Healthcare acquired a portfolio of five skilled nursing facilities and one assisted living community in North Carolina for an undisclosed price. The REIT emerged from a competitive bidding process that saw 16 total offers and was ultimately selected due to its likelihood of closing and of not renegotiating on price. Indeed the price, although not disclosed, did not change from the initial bid submitted at the end of August. That is impressive, and kudos to Brandon and Ben Bohland of Senwell Senior Investment Advisors for facilitating the transaction. Featuring 691 licensed beds, including 100 beds (in 77 units) at the private pay... Read More »
Euson Lindsay Health Acquires Indiana Skilled Nursing Facility
Already the owner and operator of a skilled nursing facility northwest of Indianapolis, Euson Lindsay Health LLC announced it has acquired another SNF in the Indianapolis area. The target, The Green House Cottages of Carmel, comprises 72 beds across six buildings and also includes short-term rehabilitation, memory care and long-term care. It has been in operation since 2016 and provides skilled nursing care in a “home-like” setting. With this acquisition, Euson Lindsay Health is now considered the largest owner and operator of the skilled nursing “small home concept” in Indiana, with two locations under the Restoracy brand. Read More »
CBRE Handles Active Adult Sale
CBRE National Senior Housing sold an active adult community in Tomball, Texas (Houston MSA). Built in 2014, Laurel at Vintage Park comprises 120 one and two bedroom units and sits on 5.48 acres. Amenities include a two-story clubhouse with a full kitchen, fitness center, community family rooms with kitchens, along with other amenities for the residents. The seller of the community was Coastal Ridge, a vertically integrated real estate investment, property management, and development firm. John Sweeny, Aron Will, Scott Bray, and Garrett Sacco, and CBRE’s Houston Multifamily team consisting of Clint Duncan, Matthew Phillips, Jock Naponic, and Nolan Mainguy, represented the... Read More »
Active Adult Community Sells in New Jersey
JLL Capital Markets closed the sale of an active adult community in Englishtown, New Jersey (near Trenton). Built in 2008, Royal Pines at Marlboro comprises 89 units and sold for a purchase price of $29.9 million, or $336,000 per unit. The community comprises one- and two-bedroom units averaging 859 square feet. Unlike most active adult communities, Royal Pines allows 20% of residents to be 35 and older with the other 80% fulfilling the 55+ requirement. Intergenerational living could become more popular over the years, helping the seniors housing industry attract another cohort of seniors looking for it. The seller was a joint venture between vertically integrated real estate company GRJ... Read More »Schedule a demo
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