Senior Living Investment Brokerage Handles Oregon Sale
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage worked together to sell a 70-unit independent living community in Medford, Oregon. Set amongst the Cascade and Siskiyou Mountains, the community was originally built in 1975 and renovated in 1980. Its operations could be improved, as occupancy fell just below 60%, and the operating margin was just 9% on more than $1.33 million of revenues. The community’s vintage could make that task harder, but age isn’t everything. A local owner/operator bought the property and is planning to remodel and reposition the community. They paid $3.5 million, or $50,000 per unit, which should leave plenty... Read More »
SLIB Facilitates Family’s Exit From Seniors Housing Industry
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage headed to Forest Grove, Oregon (Portland MSA) for their latest seniors housing sale. Previously owned by a family who is retiring from the industry, the property includes 92 units and 134 beds of assisted living and memory care. The AL portion was first built in 1996, with the memory care added in 2000. The building was nearly full (occupancy was at 98%), and it brought in nearly $1.28 million of EBITDAR on about $5.63 million of revenues. A regional owner/operator will be taking over that healthy cash flow and paid $15.7 million, or $170,650 per unit, for the... Read More »Recent Senior Care M&A Deal Chart, Week Ending January 29, 2021
Senior care M&A continues to plod along, here is our recent deal chart! Long-Term Care AcquirerTargetPrice Regional owner/operatorThe Grove and Gardens$15.7 million Peak Capital PartnersThe Estates at Arbor Oaks$18.75 million Not disclosedThe Handmaker Senior Living$15.5 million Owner/operatorRosewood Rehabilitation & Nursing... Read More »
Blueprint Handles Upstate New York Transaction
Michael Segal and Ben Firestone of Blueprint Healthcare Real Estate Advisors handled the sale of an 80-bed skilled nursing facility in upstate New York, representing the private ownership group seller in the process. Originally developed in the mid-1970s in Rensselaer, New York (across the Hudson River from Albany), the facility recently received significant capital investments that included interior renovations, operational equipment upgrades and technological enhancements. Ownership also made improvements to the majority of private rooms, which helped keep the quality mix very strong at around 50%. Operations were also solid (and improving before COVID-19), with... Read More »
JLL Sells A 55+ Community in Minnesota
The JLL Capital Markets team of Dan Linnell, Mox Gunderson, Josh Talberg and Adam Haydon represented the seller of a 66-unit active adult community near Minneapolis, Minnesota, with another JLL team financing the deal too. Set on 12.5 acres in the town of Andover, this community consists of one-, two- and three-bedroom apartments, which are newly constructed with screened-in balconies, in-unit washer and dryers and full kitchens. Amenities include continental breakfast every morning, social and recreational programs, a bistro, salon, fitness center, underground parking and car wash station, pickleball court, outdoor patio with grills and fireplaces and an outdoor... Read More »Schedule a demo
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