Family-Owned Company Acquires in Texas
Matthew Alley and Brad Goodsell of Senior Living Investment Brokerage were engaged by a local partnership in its divestment of its only seniors housing asset. The buyer was a local family-owned company that intends to take advantage of the strong cash flow of the building. The community, which is in Plano, Texas, was acquired for $3.7 million, or $142,000 per unit. Built in 2016, Bader House Memory Care sits on 2.9 acres with 12,323 square feet and features 26 memory care units with room for expansion. The community was 92% occupied at the time of the sale. It was making $1.86 million in revenues and $397,000 of EBITDAR, and sold for a cap rate of 10.7%. Read More »
California Investor Secures Three Separate Financings
Berkadia Seniors Housing & Healthcare announced the closure of $26 million in bridge-to-HUD loans across three transactions for an El Segundo, California-based sponsor. Jay Healy and Andrew Lanzaro closed the loans on behalf of the repeat client. Berkadia anticipates closing all three subsequent HUD refinancings in the second half of 2025. The first transaction involved a $6 million bridge-to-HUD loan to facilitate the acquisition of a 48-bed memory care community in Jackson County, Oregon, for a joint venture between the sponsor and a Medford, Oregon-based operator that has managed the community since 2022. Constructed in 2016, the community had a 90% occupancy rate at closing with... Read More »
Vacant Texas AL/SNF Community Trades Hands
Amy Sitzman and Giancarlo Riso of Blueprint were engaged by a repeat client in the divestment of its vacant senior care community in Waco, Texas. Last operated in 2018, the community closed due to the prior operator’s inability to service above-market rent payments. Built in 2015, the community comprises 106 assisted living units and skilled nursing beds and was well maintained by ownership. It sits on 6.7 acres, directly adjacent to Baylor Scott & White Medical Center – Hillcrest, the leading acute care provider in Waco. Blueprint advised the seller to move forward with a highly competitive all-cash offer that was submitted by a leading provider of transitional skilled... Read More »
Bob Jones University Divests AL/MC Community to Joint Venture
Dan Geraghty and Brad Clousing of Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Greenville, South Carolina, on behalf of Bob Jones University. BJU is exiting the business to focus on its core values. With a solid long-term foundation of financial performance, the asset offers an opportunity to capitalize on existing cash flow with potential for profitability enhancement. Built in 1927 with renovations completed between 1960 and 2014, Shepherd’s Care Assisted Living and Memory Care Community sits on 5.7 acres with 60 units across 65,762 square feet. The community was 88% occupied at the time of sale. After reviewing several offers, the... Read More »
Cougar Capital Management Acquires in Tennessee
Berkadia sold the final property in a 16-property seniors housing portfolio, completed through 11 separate transactions over the past 12 months. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders represented the publicly traded REIT seller. The portfolio comprised 16 assisted living and memory care communities, totaled over 1,200 units and spanned nine states. Eight buyers, primarily regional or local owner/operators, acquired the properties within the portfolio. The final property, an 86-unit AL/MC community in the Knoxville, Tennessee MSA, was purchased by Cougar Capital Management. Read More »Schedule a demo
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