• National Lending Group Divests in Wisconsin

    by | Apr 25, 2024 3:31 pm | Acquisitions

    Justin Knapp, Nick Stahler and Ray Giannini of Marcus & Millichap recently closed the receivership sale of an 86-bed skilled nursing facility in Wisconsin. The Knapp-Stahler Group represented the seller, a national lending group that also provided financing for the deal.  The borrower/buyer was a local operator with ties to an East... Read More »

  • CFG Secures Bridge-to-HUD Loan for Ohio Skilled Nursing Facility

    by | Apr 25, 2024 3:30 pm | Financings

    Capital Funding Group secured financing for a skilled nursing facility in Ohio on behalf of a nationally recognized borrower. The bridge-to-HUD loan totals $13.5 million and supports the refinancing of this 120-bed SNF. Tim Eberhardt and Ava Julio of CFG originated the transaction.  This financing follows CFG’s closing of two HUD loans on... Read More »

  • CBRE Secures Financing For Class-A Seniors Housing Community

    by | Apr 25, 2024 3:29 pm | Financings

    CBRE secured financing for a Class-A seniors housing community in North Dakota on behalf of a joint venture borrower. Built in 2017, New Perspective West Fargo is in Fargo, one mile from Sanford Medical Center, North Dakota’s newest and largest medical center. The community features 128 independent living, assisted living and memory care units... Read More »

  • PCP Purchases Ohio Assisted Living Community

    by | Apr 25, 2024 3:27 pm | Acquisitions

    Phorcys Capital Partners LLC, the investment advisor to Phorcys Senior Housing Recovery Fund LP (SHRF), announced it acquired a seniors housing community in Wickliffe, Ohio, through a trustee-directed short sale for $13.0 million, or $81,000 per unit. This is PCP’s second investment in SHRF, and it will continue to focus on the winding down of... Read More »

  • Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »
Harrison Street Divests Seniors Housing Portfolio

Harrison Street Divests Seniors Housing Portfolio

by | Apr 12, 2024 3:09 pm | Acquisitions

Meridian Capital Group’s senior housing and healthcare team was enlisted by Harrison Street in the divestment of a three-property seniors housing portfolio in Wisconsin and North Dakota. The communities comprise 146 independent living, 139 assisted living and 143 memory care units. New Perspective Senior Living, the in-place operator, will continue to manage the communities. Ari Adlerstein, Josh Simpson and Jesse Rauch handled the transaction. The Meridian team has closed $735 million in financing year-to-date in 2024, on top of the over $5 billion in transaction volume in 2023. Read More »
Clearwater Living Acquires Class A Community in Texas

Clearwater Living Acquires Class A Community in Texas

by | Apr 12, 2024 3:08 pm | Acquisitions

Clearwater Living, a real estate and property management company that owns, operates and develops high-quality seniors housing communities, acquired a Class-A seniors housing community in Houston, Texas. This is Clearwater’s first Texas acquisition. The company has eleven other communities across California, Nevada and Arizona, with additional properties currently under development. Built in 2022 through a partnership between Hines (based in Houston) and Watermark Retirement Communities (based in Arizona), The Watermark at Houston Heights comprises 220 total units and will be rebranded as Clearwater at The Heights. Out of the 220 units, 201 are independent and assisted living units and 19... Read More »
Not-For-Profit Nets High Value for Tennessee SNF

Not-For-Profit Nets High Value for Tennessee SNF

by | Apr 11, 2024 4:11 pm | Acquisitions

Blueprint was enlisted by a not-for-profit joint venture, The Trousdale Foundation and its management company based in Cleveland, Tennessee, Trousdale Living Communities, Inc., in its divestment of a Tennessee skilled nursing facility.  Built in 1982, the facility comprises 81 beds on four acres approximately 10 miles south of Sweetwater Hospital. It is the only licensed provider in the city, and generated positive cash flow as a result of census growth and a recent Medicaid rate increase. The facility never reached the marketing stage, as Blueprint presented options to the seller, which ultimately selected a New York-based provider that was looking to expand in Tennessee. The... Read More »
ESI Handles California CCRC Portfolio Acquisition

ESI Handles California CCRC Portfolio Acquisition

by | Apr 11, 2024 4:10 pm | Acquisitions

Evans Senior Investments facilitated the sale of two senior living communities in Texas on behalf of a regional owner/operator. ESI targeted seniors housing investors and secured multiple offers before a local owner/operator was selected as the ultimate buyer.  Evans also announced that it represented the seller in CareTrust REIT, Inc.’s acquisition of three California CCRCs that, combined, feature 475 skilled nursing, assisted living and memory care beds/units. The total purchase price was around $60 million, or $126,900 per bed/unit. The communities are in Los Angeles, Orange and San Diego counties. The incoming operator for these three communities is Southern California-based... Read More »