Senwell Arranges Another SNF Bed Sale
We’ve seen many skilled nursing facilities close this year and many long-time owner/operators exit the industry altogether, citing its more complicated regulations, difficult operating environment and capex needs. Bucking that trend, a regional skilled nursing operator in Ohio wanted to build a brand-new, state-of-the-art facility in Franklin County (outside of Columbus), but didn’t have the bed licenses. And they needed a significant number of them. So, Ben Bohland of Senwell Senior Investment Advisors worked to find a seller, guide them both through the CON application process and close the deal by year-end. One seller emerged, a national senior care operator that was changing its... Read More »
Newmark Closes Out 2019 With A Bang
We told you that the folks at Newmark Knight Frank were going to have a big year end, and in the days just before Christmas they closed four transactions worth about $550 million in total. Not a bad way to end the year, and we hope they are all off on vacation until January 5. In the largest transaction, Ryan Maconachy and Chad Lavender sold a portfolio of three Discovery Senior Living-operated assets on behalf of Kayne Anderson. The three communities with 483 units are located in Virginia, Pennsylvania and Delaware and average about 45% independent living, 34% assisted living and 21% memory care units. Overall occupancy is a solid 94%. The buyer was Partners Group, an international... Read More »
Blueprint Handles Two More REIT Sales
The closings keep coming from Blueprint Healthcare Real Estate Advisors, as the firm has announced a series of acquisitions in the last couple weeks of the year, mainly for publicly-traded REIT clients. Ben Firestone, Michael Segal, Alex Florea and Scott Frazier first teamed up to sell an assisted living/memory care community in Escondido, California (an affluent suburb of San Diego). Previously owned by an LLC affiliated with Ventas, the community was originally built in 1986 and expanded with a new independent living building in 2006. Initially, the community offered a full spectrum of care from independent living to skilled nursing. However, the new IL building was converted to... Read More »
Recent Senior Care M&A Deals, Week Ending December 27, 2019
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice East Coast-based REITThe Abbington Senior Living Portfolio$49 million Pacifica Companies LLCThe Woodmark at Sun City$7.25 million Family-owned operator2 assisted living communities$945,000 Local buyerLas Villas Del Norte$91... Read More »
Blueprint Announces Two Assisted Living Deals
The year may be wrapping up, but Blueprint Healthcare Real Estate Advisors has not been slowing down, announcing a couple of acquisitions during Christmas week. Ben Firestone, Michael Segal and Alex Florea first teamed up to sell two assisted living communities in the Midwest on behalf of a publicly-traded REIT and its national operator partner. Located near Oklahoma City, Oklahoma and Wichita, Kansas, the communities combine for 52 units and 16,000 total square feet. They were built in 1993/94, with renovations completed in 2016. Thanks in part to strong reputations in their local markets, operations were solid as well, with occupancy over 90%, a primarily private pay census and steady... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
