Walker & Dunlop’s New Seniors Housing Team
Walker & Dunlop expanded its senior care investment sales business in a big way, bringing in Managing Directors Mark Myers and Josh Jandris and Vice Presidents Jordyn Berger, Alex Vice and Mike Surak of IPA Seniors Housing, a division of Marcus & Millichap. The Chicago-based team will build on W&D’s existing multifamily property sales platform by bringing a new focus on seniors housing and skilled nursing property sales, building on W&D’s existing multifamily platform. They will also work closely with Walker & Dunlop’s senior housing financing group, which originated over $900 million in debt financing in 2018. Prior to making this move, the IPA team had closed over... Read More »
Local Doctor Buys Rural Texas Assisted Living
Using his expertise in the Texas M&A market, Matthew Alley of Senior Living Investment Brokerage sold an assisted living community in rural east Texas for $2.8 million, or $56,000 per unit. Originally built in 1994, the 50-unit community is the only licensed assisted living property in Franklin County. It includes 68 licensed Type A beds, and at the time of marketing, it was about 58% occupied, generating about $50,000 annually in EBITDAR on over $840,000 in revenues. Its independent owner/operator was looking to exit the seniors housing industry, ultimately selling the community to a local doctor. That medical knowledge can’t hurt in turning the community around. Read More »
Recent Senior Care M&A Deals, Week Ending July 26, 2019
Check out our recent senior care M&A deals. Long-Term Care AcquirerTargetPrice Baptist Homes of IndianaThe Barrington of Carmel$61 million National Health Investors, Inc.Legacy Commons of Pueblo West$7.5 million New Jersey-based owner/operator3 skilled nursing facilitiesN/A Local doctorThe Mount Vernon House$2.8... Read More »
NHI Grows Its Colorado Portfolio
National Health Investors has added another property to its growing portfolio. Paying $7.6 million, or $149,000 per unit (including $100,000 of closing costs), the REIT acquired a 51-unit assisted living community in Pueblo, Colorado. Built in 1997 with an addition in 2008, the community was 96% occupied at the time of the sale. Cappella Living Solutions, which is owned by the not-for-profit Christian Living Communities and operates a portfolio of 26 communities, will take over the lease, under a 15-year term and an annual lease rate of 7.25%. The agreement included a CPI-based escalator with a floor of 2% beginning August 2020. NHI funded the deal with proceeds from its revolving credit... Read More »
IPA Seniors Housing Handles Pittsburgh Portfolio Sale
We wrote of Chicago Pacific Founders’ acquisition of a Pittsburgh, Pennsylvania-area portfolio of independent living communities last week but have now learned that IPA Seniors Housing handled the transaction. The team of Joshua Jandris and Mark Myers, plus Marcus & Millichap’s broker of record in Pennsylvania, Sean Beuche, represented the seller, a partnership between Graziano Construction and Sweetbay Senior Living. Two of the communities were recently built, one in 2017 and the other opening earlier this year. The third property was developed in 2009 and is the only one that is fully stabilized. Totaling 384 units, the portfolio sold for $75 million, or $195,300 per unit. Jordyn... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
