Legacy Owner/Operator Retires with Sale
Daniel Morris of Plains Commercial Real Estate rang in the new year with the sale of a couple assets in Enid, Oklahoma, collectively referred to as the Greenbriar Portfolio. The legacy owner/operator-seller built two of the buildings, and converted the third to seniors housing after purchasing it in the 1990s. The skilled nursing facility comprised 150 beds, the assisted living community featured 60 units, and the independent living community had 61. The physical plants were very well-maintained. Second-generation leadership was ready to retire, prompting the divestment of the assets that had never previously been sold. The process was competitive, with a regional group ultimately selected... Read More »Healthpeak Properties Jumps Back into Seniors Housing
Ever since Healthpeak Properties essentially exited the seniors housing market in 2021, we had wondered when they would come back. We even thought they could have jumped back in just a year later when rumors were circulating that Brookdale Senior Living was in talks about a potential sale. The M&A opportunity in seniors housing, and the fact that its REIT peer group have been accelerating their acquisition efforts in the last year, must have been too good to pass up, as Healthpeak is now forming Janus Living, a REIT that will own, acquire and develop seniors housing properties under a RIDEA structure. An IPO is planned in the first half of 2026, after which Healthpeak intends to... Read More »Blueprint Handles Washington State Bankruptcy Deal
Fresh off a phenomenal 2025 (we’ll see where they ended up in the Broker Rankings next month), Blueprint announced a few end-of-year closings this week. First, Michael Segal, Dan Mahoney, Amy Sitzman and Daniel Waldhorn ran a bankruptcy sale for the real estate of three skilled nursing facilities in Washington State. They were engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to manage the marketing and sale process. Dubbed the Supersonic Portfolio, the facilities are in King and Pierce Counties and licensed for 355 total beds. They included Renton Health & Rehabilitation in Renton, Valley View Skilled Nursing and Rehabilitation in Renton, and... Read More »Ventas Divests to Joint Venture
Berkadia announced that it handled the sale of a California seniors housing community, and refinanced a separate Montana community. Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, sold to an institutionally capitalized partnership. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the transaction. Following a review of multiple offers, the seller selected a joint venture between Shelter Real Estate Investment Strategies and Calson Management as the buyer. Ventas included the community in its most recent property list. Berkadia next announced the refinancing of Bozeman... Read More »Behavioral Buyer Gets Vacant VA Asset
Some brokers have been taking advantage of behavioral health providers’ desire to grow in order to sell vacant seniors housing assets, and getting higher prices for their clients as a result. Toby Siefert and Dave Balow of Senior Living Investment Brokerage arranged the sale of Mayfair House, a 53-unit assisted living community in Portsmouth, Virginia (Norfolk MSA), that was sold vacant by a local owner/operator of seniors housing communities in the Shenandoah Valley and surrounding areas. The community was built in 1994 and features 27,300 square feet on 1.3 acres. As a seniors housing asset, a sale would not get the seller the value they needed. But Siefert and Balow engaged some... Read More »Schedule a demo
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