All-Cash Skilled Nursing Deal Closes
An undisclosed buyer acquired a 99-bed skilled nursing facility in Ohio through an all-cash transaction after the seller’s senior lender pushed for an exit. Stan Klos III of 3G Healthcare Real Estate handled the deal. An initial buyer walked away from the deal after a conversion from a lease-only structure was declined by the lender. Another potential buyer signed a competing contract but walked away after the per-diem reimbursement decreased by $50 per bed. This was a result of the facility’s quality points decreasing after an Ohio Medicaid rate reset. Additionally, hospital discharge volume softened, with occupancy falling from the high-80s to the low-80s. A qualified, sidelined... Read More »
Joint Venture Acquires Four AL/MC Communities
Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care communities in Georgia and South Carolina. Three of the communities were built in 1999 and one in 2013. Combined, they generated around $3.1 million of EBITDAR, with Viva Senior Living as the previous operator. The joint venture paid $36 million, or $147,500 per unit, at an 8.6% cap rate. They retained Viva as the operator, as well. CIBC placed... Read More »
Another Publicly Traded REIT Joins the M&A Mix
Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool continues to grow (especially with new entrants that are well-capitalized), that upward pressure should continue. Chiron Real Estate Inc. (formerly known as Global Medical REIT) is a REIT that acquires healthcare facilities and leases them to physician groups and regional and national healthcare systems, announced purchase agreements for three... Read More »
Distressed AL/MC Community Gets New Owner
Scott Frazier, Kory Buzin and Steve Thomes of Blueprint advised a special servicer in the seniors housing sector on the sale of Spanish Vines, a well-maintained assisted living/memory care community. It sits in a densely populated Pocket-Greenhaven neighborhood of southwest Sacramento, California. The 88-unit community was generating negative EBITDAR across all trailing periods, with month-over-month census, RevPOR and expenses fluctuating materially as operations worked towards stabilization. The asset benefitted from its infill location and recently renovated physical plant. Blueprint also underwrote an alternative path to upside through California’s Assisted Living Waiver program,... Read More »
Underperforming Community Sells and Secures Financing
A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts, which will help drive operational performance. Kristen Ahrens and Pat Maloney arranged the financing, targeting private credit lenders for their structural flexibility and certainty of execution. Read More »Schedule a demo
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