Not-For-Profit Sells Distressed SNF to Regional Owner/Operator
A not-for-profit seniors housing provider with a century-long legacy of serving seniors divested an underperforming skilled nursing facility in Marietta, Ohio. The non-core asset no longer aligned with the seller’s strategy. After a confidential marketing process, Connor Doherty, Ryan Kelly and Michael Segal of Blueprint identified a well-established regional owner/operator with a significant presence throughout Ohio to assume ownership and reposition the community. Despite the facility’s distressed performance, the transaction achieved a favorable outcome. Not-For-Profit United Church Homes announced the sale of The Harmar Place Community in Marietta to Foundations Health Solutions,... Read More »
Public REIT Closes Out Multi-Transaction Portfolio Divestment
Blueprint advised a public REIT on the sale of a portfolio of skilled nursing facilities across California, Florida and Virginia. The transactions were trifurcated by state, with the final closing in California. This SNF serves San Bernardino County, which has significant barriers to new development. At the time of marketing, the facility was approximately 90% occupied, generating more than $25 million in total revenue ($505 per-patient-day). Notably, it is the state’s only licensed SNF with a 50-bed specialty unit offering both dialysis and ventilator care. It was built in 1990. The facility maintains strong affiliations with Kaiser Permanente, California’s largest health system,... Read More »
Owner/Operator Acquires Revived Assisted Living Community
Helios Healthcare Advisors represented Investcor in its divestment of an assisted living community that it acquired in 2019. The community had sat vacant after its closure in 2007 until Investcor’s purchase. Post-acquisition, the company invested more than $8 million in renovations, with the building reopening in 2020. Fairhaven Denton Assisted Living is in Denton, Texas, on 3.3 acres. Fairhaven was originally envisioned by the Denton Business & Professional Women’s Club in the mid-1950’s and designed by Texas architect O’Neil Ford. The community began providing senior care services in 1965. Operating for over 40 years, the asset eventually fell into disrepair and struggled with... Read More »
VIUM’s Slew of Financings
We have written about the uptick of liquidity in the seniors housing and care market, and the willingness among lenders to write bigger and bigger checks to finance larger portfolios. Well, VIUM Capital just announced a slew of financings totaling more than $180 million for four senior care portfolios. The largest was arranged for three skilled nursing facilities totaling 357 beds in Florida. Sponsorship had acquired the facilities in September 2022 and had since materially improved operations through increased occupancy, RUG optimization and limited contract nursing. Occupancy ranged between 87% and 92% as of August 2025. A bridge loan provided by VIUM Capital via Merchants Bank of... Read More »
Eight Wisconsin Senior Care Assets Sell in Four Deals
Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The owner/operator seller, a repeat client that was exiting to shift its focus to other strategic pursuits, owned the campuses for more than 10 years. The assets sat in a tertiary market with 52 units and 55 beds. They were built in the late-1990s to early-2000s and delivered strong NOI. Performance has historically fluctuated with census, and they faced... Read More »Schedule a demo
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