Blueprint Handles Recapitalization
Blueprint handled the recapitalization of Forest Hills Commons, a 2017-developed, 119-unit assisted living/memory care community in the Louisville, Kentucky MSA. A Louisville-based senior living owner/operator/developer engaged Blueprint in the third quarter of 2025 to begin the process. The asset demonstrated strong in-place performance and attractive RevPORs. But there is still occupancy and rate-driven NOI upside for the buyer, an active public REIT that will retain Triple Crown Senior Living as the operator under a RIDEA structure. Kyle Hallion, Connor Doherty and Ryan Kelly handled the process, which was highly competitive with significant interest from public REITs, regional... Read More »
Ciel Senior Living Takes Over Former Brookdale Communities
The management of eight senior living communities owned by Janus Living, Healthpeak Properties’ spinoff REIT, recently transitioned from Brookdale Senior Living to Ciel Senior Living. The properties are part of a larger 19-asset portfolio that Healthpeak Properties and a sovereign wealth fund owned, but Healthpeak acquired its joint venture partner’s interest and decided to transfer management from Brookdale to both Ciel and Pegasus Senior Living. The 19 assets encompass 3,355 units, with independent living units representing approximately 73% of the total. The portfolio was 81.7% occupied as of the fourth quarter of 2025. The new management contracts include performance incentives,... Read More »
Healthcare REIT Divests SNF to In-Place Operating Partner
Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10 miles west of downtown Des Moines. Although it is licensed as a skilled nursing facility, it focuses on providing memory care services. Jason Punzel, Nick Cacciabando and Jeff Binder handled the transaction. Read More »
