EF Senior Care Expands its Footprint
EF Senior Care, an owner/operator based in Plymouth, Massachusetts, grew its long-term care portfolio this month, having acquired the operations of a senior care campus in Lawrence, Massachusetts. Built in 1895, Berkeley Retirement Home comprises 44 skilled nursing and independent living beds. Berkeley Retirement Home represents EF Senior Care’s fourth management contract in the past year, and brings its beds under management to nearly 500. Read More »
Solera Grows through Acquisition of SageLife
Solera Senior Living expanded its portfolio through the acquisition of SageLife. SageLife’s portfolio includes five high performing seniors housing communities in Maryland, Massachusetts and Pennsylvania. This acquisition brings Solera’s growing portfolio to 14 properties spanning nine states, including a growing concentration in the Mid-Atlantic. In conjunction with the acquisition, founder of SageLife, Kelly Cook Andress, will join Solera’s Advisory Board. The communities that are now under Solera’s management include Plush Mills (an independent and assisted living community in Wallingford, PA), Daylesford Crossing (an AL and memory care community in Malvern, PA), Village Crossing at... Read More »
Joint Venture Acquires Class-A Seniors Housing Asset in Texas
CBRE National Senior Housing acted as the exclusive advisor on the sale of a Class-A seniors housing community in the Houston, Texas MSA. Built in 2012, the community comprises 207 units offering independent living, assisted living and memory care services. CBRE National Senior Housing also arranged acquisition financing for the community on behalf of a joint venture between a national operator and an institutional equity partner. John Sweeny, Senior Vice President and Co-Head of CBRE National Senior Housing, and Aron Will, Vice Chairman and Co-Head of CBRE National Senior Housing, represented the seller in this transaction. The sales price is undisclosed. Will and Tim Root of CBRE... Read More »
Owner/Operator Acquires in Illinois
Evans Senior Investments arranged the sale of a supportive living community in the south suburbs of Chicago, Illinois. Waterford Estates totals 247 units with 170 independent living, 61 assisted living and 16 memory care units. The seller was a New York-based institutional owner seeking to recycle capital. Due to the scarcity of supportive living community transactions in Illinois, the offering generated significant interest from buyers. Following a competitive marketing process, the ultimate buyer was a growing owner/operator with an established footprint in the state. But the purchase price was not disclosed. Read More »
Massachusetts SNF Secures New Future in Behavioral Health
Blueprint’s Behavioral Healthcare Team sold a vacant skilled nursing facility on behalf of a nationally recognized institutional REIT to a buyer that will convert the building into a behavioral health facility. The existing asset is in Agawam, Massachusetts, and was identified as a potential candidate for a behavioral healthcare provider due to the strong patient demand, referral networks and reimbursement for inpatient substance abuse treatment. Andrew Sfreddo, Shane Harmon, Gunnar Raney and Colin Segner of Blueprint targeted behavioral healthcare-focused operators that would push price and terms well beyond vacant SNF values. The ultimate winning bidder was a large, privately held,... Read More »Schedule a demo
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