Saber Healthcare Acquires Virginia SNF
Saber Healthcare has acquired Forest Health and Rehab, a 97-bed skilled nursing facility in Lynchburg, Virginia. Built in 1995, the facility joins Saber’s portfolio of more than 120 skilled nursing and assisted living facilities in seven states: Ohio, Indiana, Pennsylvania, Delaware, Virginia, North Carolina and Florida. No other details on the transaction were disclosed. Saber was last active in the M&A market in August 2020, when it acquired the entirety of Sentara Healthcare’s skilled nursing portfolio. The seven properties in the portfolio are located across various cities in Virginia and have a total of 850 beds. Read More »
New Blueprint MOB Team Closes Second Deal
Blueprint Healthcare Real Estate Advisors’ new medical office building team of Eric Lee and Chris Lashmet just closed their second MOB deal. Hired by a public REIT seller, the team sold a 57,000-square foot, Class-A building in the La Crosse-Onalaska area of Wisconsin. Sitting on 15.19 acres in a retail/commercial corridor, with five acres dedicated to new development, the building opened in 1992. Blueprint was able to articulate a path to stabilization during the marketing process and found a local buyer with tenant relationships in the market. The new owner also has plans to execute the expansion in the additional five acres. Read More »
ER Senior Living CEO Steps Down
Chris Coates, the President and CEO of Abilene, Texas-based ER Senior Living, will be stepping down from those roles and retiring, effective July 1. He will remain a Principal and Board Member in the Evergreen Companies going forward, but Brian Dowd will add CEO to his title, already being the COO and CFO of the company. Mr. Coates founded the management company with Mr. Dowd in 2021 and has grown it to now include communities in Texas, Illinois, and Pennsylvania. Mr. Coates is a veteran of the senior care industry, having previously served as the Chairman of both the American Senior Housing Association and of the Assisted Living Federation of America (now... Read More »
Ventas Buys New Senior Investment Group
Don’t you just love it when a plan comes together? Just when Welltower announced a deal to buy Holiday Retirement Corporation’s 86 owned assets, and Atria Senior Living agreed to buy Holiday itself, Ventas steps in and buys New Senior Investment Group. New Senior owns 77 Holiday-managed communities, 21 communities that have recently been switched from Holiday management to Atria, 15 other communities managed three other providers, and one large community triple-net leased to Watermark Retirement Communities. At the end of the first quarter, just four communities were managed by other companies, so things must have moved during the second quarter. Jay... Read More »
Griffin-American Healthcare REITs III and IV to Merge
Griffin-American Healthcare REIT III, Inc. (GAHR III) and Griffin-American Healthcare REIT IV, Inc. (GAHR IV) have entered into a definitive merger agreement so that GAHR IV will acquire GAHR III in a tax-free, stock-for-stock transaction. The newly merged company will be renamed American Healthcare REIT, with approximately $4.2 billion in combined healthcare real estate assets. Immediately prior to the acquisition, GAHR III will also acquire the business and operations of American Healthcare Investors, LLC (“AHI”), the co-sponsor of both REITs, and the external advisors of GAHR III and GAHR IV. Combining these entities and the capabilities in acquisitions, asset management,... Read More »Schedule a demo
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