Regional Portfolio Changes Hands
Blueprint announced two closings, with one in the Southeast and one in Pennsylvania. First, not-for-profit Ballad Health divested its senior care portfolio that was geographically concentrated in Eastern Tennessee and Southwest Virginia. The portfolio included four assets with regional concentration along the border of Tennessee and Virginia, including three skilled nursing facilities and one assisted living community, totaling 402 licensed beds. The portfolio presented an attractive opportunity for a regional-based owner/operator to achieve immediate scale with operational upside, while capitalizing on the strong referral relationships through the seller’s broader acute care health... Read More »
Cima Investment Group Acquires AL/MC Portfolio
SVN Senior Living Advisors announced the successful sale of a three-property assisted living and memory care portfolio in the Houston, Texas MSA. The transaction was completed on behalf of a national financial institution. The three properties comprise more than 200 units. Managing Director Josh Salzman led the transaction, supported by John Klement, Don Husi and Aaron Thompson. The assets attracted multiple qualified offers and ultimately sold for an undisclosed amount. Cima Investment Group (and its affiliated operating company, Cima Senior Living), a fully integrated investment platform focused on senior living, was the buyer. It is led by industry veterans and is known for its... Read More »
Family Office Purchases Midwest Community
For the second time in just 18 months, Evans Senior Investments facilitated the sale of Country Meadow Place, a 56-unit assisted living community in Mason City, Iowa. The seller was Jaybird Senior Living, a regional owner/operator that acquired the asset in 2024 for $13 million, or $232,100 per unit. Evans handled that transaction too. The community was well occupied at the time of the 2024 purchase, but the property has continued to perform well, achieving an in-place NOI margin of 36%. Through a competitive marketing process, ESI secured seven offers from institutional investors. The selected buyer was a private family office that paid $15.15 million, or $270,500 per unit. The... Read More »
SLIB Sells SNF in New Jersey
Toby Siefert of Senior Living Investment Brokerage got a skilled nursing sale in New Jersey over the finish line after survey issues caused a buyer switch-up. Built in 1980, Medford Care Center is located in the town of Medford (about an hour east of Philadelphia) and features 180 beds on an 11-acre campus. Operations were not strong, and the private owner decided to sell. The facility was marketed in the spring of 2024 and received several bids. However, just prior to closing the transaction in December 2024, there was a health survey that resulted in an admissions ban, receivership and the original buyer losing interest. With Siefert at the helm of the transaction process, the deal was... Read More »
Carnegie Capital Celebrates 10-Year Anniversary with Texas Portfolio Deal
Carnegie Capital, the national seniors housing debt brokerage founded and run by JD Stettin and David Farhadian, celebrated its 10-year anniversary with a $124 million, or $117,100 per bed, portfolio acquisition transaction. Carnegie provided a combination of advisory work and debt placement for the nine-skilled nursing facility portfolio with 1,059 beds across southern and central Texas. A private skilled nursing equity shop bought the portfolio three years ago, helped by debt arranged by Carnegie, and is now exiting the industry with the portfolio sale to a large REIT. The portfolio has been operating well since the 2022 acquisition. The REIT also spun off one of the largest SNFs... Read More »Schedule a demo
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