NHP Sets Sights on Seniors Housing
National Healthcare Properties drew attention when it decided to debut on the public markets, and it made its private pay seniors housing ambitions clear with its recent agreement to divest a large outpatient medical facility (OMF) portfolio. The 86-facility portfolio will be sold for $528.2 million, including $278 million of secured debt to be defeased or assumed by the potential buyer, and proceeds will likely be put towards SHOP acquisitions. That is yet another institutional player putting meaningful capital to work in the sector, with more likely on the way. The OMF portfolio divestment, along with several of NHP’s signed purchase and sale agreements for SHOP assets, have already... Read More »
Selectis Health Divests SNFs to Journey
In January, Selectis Health, Inc. completed the sale of two skilled nursing facilities in Georgia, including 71-bed Providence of Sparta Health & Rehab and 110-bed Warrenton Health & Rehabilitation. The assets sit less than 30 miles apart in Sparta and Warrenton, respectively. The buildings were initially constructed in the 1960s but were well-maintained and upgraded over the years. Selectis Health most recently focused on census growth and reimbursement revenue enhancement, realizing a 10% to 15% Medicaid daily rate increase in the second half of 2025. Selectis Health engaged Blueprint in its sales process, with Michael Segal and Daniel Waldhorn targeting in-state and out-of-state... Read More »
PE Group Divests to Regional Owner/Operator
An East Coast-based private equity group divested two seniors housing communities in Mississippi to a regional owner/operator pursuing expansion across the state. The communities total 108 assisted living and memory care units and offer operational synergies, given their close proximity in Oxford and Southaven. The communities were purpose-built in the early 2000s and operated as 100% private-pay assets. At the time of sale, both assets were well occupied and collectively generating in-place cash flow above $1 million. Blueprint represented the private equity group in its divestment, with Jacob Gehl and Dillon Rudy targeting regional owner/operators. There was strong interest with a... Read More »
Two Western Closings from The Zett Group
The Zett Group closed a couple of seniors housing sales in the western United States. One deal was in the Reno, Nevada MSA, and featured a 65-unit assisted living/memory care community owned by a regional operator. The community boasted high occupancy and strong revenue, but there was room for improvement on the expense side. A local administrator backed by friends and family capital emerged as the buyer, making their first larger-scale seniors housing acquisition. Then, in Florence, Oregon, The Zett Group sold a 90-unit assisted living/memory care community also owned by a regional operator. Built in 1995 and expanded in 2008, the community featured a strong physical plant in a... Read More »
Dwight Capital Announces Q1 Activity
Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) reported an active first quarter, closing a combined $294 million in senior care financings across a mix of HUD, bridge, and revolving line of credit (RLOC) financings, spanning 11 states. Among the featured HUD transactions was $46.9 million in financing provided by Dwight Capital for a portfolio of three skilled nursing facilities totaling 278 beds in Fort Pierce, Wauchula and Winter Haven, Florida. The loan proceeds refinanced existing debt provided by DMT. Adam Offman, Managing Director of Healthcare Finance, originated the transaction. Additional closings included a $22.5 million loan... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
