Regional Owner/Operator Acquires Class-A Community
Blueprint facilitated the sale of a Class-A, cash-flowing seniors housing community in Glendale, Arizona. Built in 2015, the 85-unit assisted living and memory care community reflects institutional-quality construction and design, and has benefited from consistently strong occupancy. There was a competitive bidding environment, with nine offers secured. The seller was an institutional joint venture. The asset was ultimately acquired by a well-established regional owner/operator with a portfolio of nearby, directly competing properties. Their local presence and market familiarity are expected to unlock synergies and performance upside. Amy Sitzman and Giancarlo Riso handled the... Read More »
Ziegler Closes Acquisition and Bond Financings
Ziegler announced that it advised on an acquisition loan and closed a bond financing. Ziegler was the capital structure advisor and hedge advisor in the placement of a $52.5 million acquisition loan on behalf of a regional owner/operator. The acquisition financing was used to acquire five independent living communities in Michigan. The portfolio surrounds the Metro-Detroit MSA and has a total of 631 units and 695 beds. Christopher Utz advised and negotiated the transaction for the borrower and placed the loan with Oxford Finance. Ziegler’s Structured Products Practice placed an interest rate cap through a competitive bid process, ultimately executing the cap with Goldman Sachs. Ziegler... Read More »
Private Equity Firm Divests Seniors Housing Communities to SNF Company
Senior Living Investment Brokerage’s Vince Viverito, Nick Cacciabando, Jeff Binder and Lucas Doll handled the sale of two seniors housing communities in Oklahoma. The communities are located in Mustang and Oklahoma City, both built in stages from the late-1990s to the late-2000s. They total 135 units of independent living, assisted living and memory care. These were the last seniors housing assets of the Denver-based private equity seller and were struggling with poor performance. The Oklahoma City asset was especially lagging with 52% occupancy (as opposed to 80% for the Mustang property). Given that situation, SLIB strategically decided to leverage an auction process to identify a... Read More »
Former Petersen Property Finds New Owner
A former Petersen Healthcare seniors housing community sold in Girard, Illinois, thanks to Ryan Saul of Senior Living Investment Brokerage. Built in 2002 and featuring 48 units of independent living and assisted living, the community was 72% occupied but losing more than $100,000 a year on $1.2 million of revenues. The lender had taken control of the property in late 2024 and hired Gardant to manage the community until a sale occurred. Gardant was able to bring occupancy up to 83% and financial performance to breakeven at the time of the sale. A private owner with other multifamily real estate holdings in the area that was looking to get into seniors housing was the buyer, paying... Read More »
Cash-Flowing AL Community Trades Hands in Wisconsin
Connor Doherty and Ryan Kelly of Blueprint advised on the sale of a 92-unit assisted living community located just outside of Milwaukee, Wisconsin. The community’s positive cash flow, well maintained physical plant and established referral base, plus some operational upside, made it an attractive prospect for investors. We believe the asset was Clifden Court, which was acquired in 2017 by the private equity firm SHA Capital Partners for $9.12 million, or $99,100 per unit, according to LevinPro LTC’s M&A database. Built in 1998, with additions in 1999 and 2010, the community also received a $1 million renovation from SHA shortly after the acquisition. It also stabilized operations... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
