Alta Senior Living Expands in California
Alta Senior Living has expanded its portfolio with the acquisition of a seniors housing community in Sacramento, California, through a joint venture with its capital partner, Brasa Capital Management. Built in 2017, The Village at Heritage Park features 162 total units, with 54 independent living, 60 assisted living and 48 memory care units. The community has already been rebranded as Rose Arbor Village. Alta Senior Living was engaged in October by the previous owner to rebrand and stabilize an underperforming operation. Confident in strengthening its commitment to the community’s success, the company executed an acquisition that officially closed in February. An aggressive repositioning... Read More »
Lee & Associates Closes Seniors Transaction
Lee & Associates’ Senior Housing team, led by Robert Black, was engaged by Sugar Creek Capital, which specializes in tax credit investments nationwide, in its divestment of an outlier asset. Built in 1985 with a renovation and expansion of 48 units in 2016, Terrace Retirement Community comprises 178 independent living units in Columbia, Missouri. The occupancy rate was 78% at the time of sale. There were multiple groups interested in the community, with Unbridled Living selected as the best fit and ultimate buyer. This marks the company’s first seniors housing acquisition, with plans to continue expanding its portfolio through the addition of performing, value-add and... Read More »
Monroe County Divests Strugging SNF to Regional Owner/Operator
Evans Senior Investments represented Monroe County in the divestment of its skilled nursing facility in Stroudsburg, Pennsylvania. Built in 1924 and incorporated by the County of Monroe in 1974, Pleasant Valley Manor has 174 beds and faced operational challenges with an annual loss exceeding $7 million. County officials recognized the need for a sustainable solution that prioritized resident well-being while alleviating financial strain on local resources. Following a 30-day marketing process, a regional owner/operator with a strong footprint in Pennsylvania was selected as the ultimate buyer. Local news sources cited Outcome Healthcare Group as the buyer. Outcome Healthcare brings... Read More »
Top-Tier Asset Trades in Savannah
Senior Living Investment Brokerage’s Daniel Geraghty and Bradley Clousing handled the sale of a Class-A seniors housing community in Savannah, Georgia. Opened in 2020, Thrive on Skidaway features 146 units of independent living, assisted living and memory care on Skidaway Island near The Landings, a large resort community where many of the residents still have memberships to enjoy all the amenities the private community has to offer. There are limitations on developable land on Skidaway, as well as strict sewer and infrastructure regulations that create significant barriers to new development that make it difficult for potential competitors to enter the market. As a result, this property... Read More »
Blueprint Sells Two Seniors Housing Portfolios
Dan Mahoney, Kristen Ahrens, Dillon Rudy and Pat Maloney of Blueprint facilitated the sale of two stand-alone, Class-A memory care communities in solid markets in Oregon and Washington. Built in 2015, Windsong at Eola Hills is a 56-unit value-add community in Salem, Oregon. The community was generating $800,000 in EBITDAR. Built in 2019, Windsong at Southridge is a stabilized, 56-unit private-pay community in Kennewick, Washington. It was generating more than $1.4 million in EBITDAR. Strong buyer interest resulted in six offers, with the sellers (which are exiting the seniors space through this divestment) ultimately choosing a Pacific Northwest-based operator partnering with a West... Read More »Schedule a demo
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