Recent Senior Care M&A Deals, Week Ended January 24, 2020
Check out our recent senior care M&A deals!
Acquisitions
Stay up-to-date on skilled nursing and assisted living businesses, retirement communities, REITs and home health care with The SeniorCare Investor newsletter. For over 50 years, The SeniorCare Investor has been tracking mergers, acquisitions, equity & debt financings, bankruptcies and corporate shake-ups in the senior care market.
Blueprint Handles Large Louisiana Portfolio Deal
So, it begins. Brooks Blackmon and Steve Thomes of Blueprint Healthcare Real Estate Advisors announced the firm’s first 2020 closing, selling a portfolio of five seniors housing communities in Louisiana. Representing the Georgia-based owner/operator who had originally developed the communities, the pair found a buyer in a joint venture between Griffin-American Healthcare REIT IV and […]
Tryko Partners Picks Up Another Philly-Area SNF
Private equity firm Tryko Partners added to its Philadelphia-area skilled nursing portfolio with the acquisition of a 240-bed facility in the city’s Lexington Park neighborhood. Situated on a 1.8-acre site about five minutes from the 133-bed Nazareth Hospital, the SNF provides post-acute, short-term rehab and long-term care. Occupancy at closing was 89%. The purchase price […]
Evans Senior Investments Sells in…Sellersville
Evans Senior Investments is keeping the closings coming, following up on its five deals in December with its first 2020 transaction. Located in Sellersville, Pennsylvania (about 30 miles north of downtown Philadelphia), the target was a 94-unit assisted living/memory care community. It was built in 2007 and renovated in 2018, with a current mix of […]
Senior Care Realty Handles Wisconsin Transaction
Mark Van Den Broeke of Senior Care Realty certainly had his hands full in the sale of a 66-unit assisted living community in northeast Wisconsin. That’s because in addition to working with the current tenant, he worked with the two individual landlords of the property too. Originally built in 2012, the property is made up […]
Cushman & Wakefield Ends 2019 With A Bang
The Cushman & Wakefield team led by Rick Swartz, Jay Wagner and Aaron Rosenzweig ended 2019 with a bang. In the last six weeks of the fourth quarter, they closed eight separate sales involving 18 properties and 1,908 units for a total consideration in excess of $500 million. The largest transaction was a seven-property portfolio […]
Blueprint Sells Two Struggling Senior Care Facilities
Two Blueprint Healthcare Real Estate Advisors teams arranged a couple of sales of struggling senior care facilities. First, Christopher Hyldahl, Gideon Orion and Kendra Gonzalez represented a private real estate investor in its sale of a 50-bed skilled nursing facility in the Los Angeles, California market. Some $1.7 million was spent on capital improvements over […]
NorthMarq Closes Southern California Transaction
NorthMarq’s Southern California-based investment sales team of Kyle Pinkalla and Shane Safer represented Shefflin Investments in its sale of a 151-unit active adult community in National City, California (San Diego MSA). Originally built in 1999, the three-story building features a mix of studio and one-bedroom units, plus one commercial site. Occupancy was 97% with rents […]
Walker & Dunlop Finances Another Cascade Capital Group Acquisition
Walker & Dunlop’s Joshua Rosen arranged bridge financing for Cascade Capital Group’s acquisition of a 136-bed supportive living facility in Aurora, Illinois. Totaling over $11.0 million, the debt was structured and provided by W&D’s bridge lending program, which utilizes the company’s own balance sheet. It came with a nine-month term and full term of interest-only […]
Blueprint Sells Successful Senior Living Community in Missouri
Brooks Blackmon and Ben Firestone of Blueprint Healthcare Real Estate Advisors sprung into action this year in Springfield, Missouri, where the pair sold a 119-unit senior living community on behalf of a Missouri-based ownership group. Originally built in 2008, the property was expanded in 2012 to keep up with local demand. It now features 54 […]