Two Texas SNFs Acquired
Senior Living Properties, through its affiliate SLP Operations LLC, acquired two skilled nursing facilities in Texas, bringing its total portfolio in the Lone Star State to 41 facilities. The acquisition included a 111-bed facility in West Orange (on the border with Louisiana) and a 107-bed facility in Texas City, about 40 miles southeast of Houston on Galveston Bay. Both facilities offer skilled nursing, physical therapy, post-acute care, long-term care, rehabilitation services, respite care and memory care. Just last month, SLP Operations acquired two other Texas facilities In Mineola and Johnson City. Matthew Alley of Senior Living Investment Brokerage handled the... Read More »
Recent Senior Care M&A Deals, Week Ending August 7, 2020
Check out our recent senior care M&A acquisitions! Long-Term Care AcquirerTargetPrice The Ensign GroupTempe Post Acute & Desert Marigold Senior Living of Tempe N/A Tampa Life Plan Village, Inc.University VillageApprox. $51 million California-based owner/operatorRegency Place Senior LivingN/A Not disclosedEgida Hogar San Antonio... Read More »
Blueprint Sells in Sacramento
Humair Sabir and Jacob Gehl of Blueprint Healthcare Real Estate Advisors worked on behalf of a private ownership group in its sale of a senior living community in Sacramento, California. Originally built in 1997, the community features a mix of 72 independent living, assisted living and memory care units in three integrated buildings. It also has the advantage of being in a desirable area of Sacramento. The seller, Solstar Investments, bought the community from a local investor group in 2015 for $6.85 million, or $95,100 per unit, at a roughly 6.1% cap rate. At the time, occupancy had dropped to just 80% (not that bad these days), and the operating margin could have been improved... Read More »
Cushman & Wakefield Close Nine-Property SNF Sale
Cushman & Wakefield handled the sale of a nine-property skilled nursing portfolio in Ohio, working on behalf of the private owner who was looking to shrink their presence in the business. Featuring a total of 884 beds, the portfolio was apparently operating around stabilized levels. The buyer was undisclosed but was described as a regional operator with a significant presence in the state. Terms of the deal were also not disclosed but involved both cash and the assumption of debt. Richard Swartz, Jay Wagner and Dan Baker of Cushman & Wakefield handled the transaction. Read More »
The Ensign Group Acquires Arizona Senior Care Campus
The Ensign Group acquired a senior care campus with a variety of post-acute services, including physical, occupational and speech therapies and other rehabilitative and healthcare services in addition to assisted living. Located in Tempe, Arizona, the campus includes a 62-bed skilled nursing facility and a senior living community with 72 assisted living and 90 independent living units. This was the first acquisition for usually active Ensign since the onset of COVID-19. Plus, the provider acquired both the real estate and operations at the property, furthering its strategy to own more of the real estate across its portfolio of 226 healthcare facilities. Right now, Ensign owns the real... Read More »Schedule a demo
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