Public Company Divests in Arizona
A publicly traded company focused on seniors housing recently divested a community in Mesa, Arizona. The asset features 68 assisted living and memory care units, and offered meaningful upside potential. Amy Sitzman, Kyle Hallion and Jake Rice of Blueprint handled the deal, which saw a competitive process with multiple offers from groups looking to expand in the East Valley. The public company ultimately selected a buyer with an established footprint in the market. Read More »
Owner/Operator Grows Its Seniors Housing Portfolio
1019 Senior Living acquired its second seniors housing community in Ohio, bringing its growing portfolio to six assets. The seller of The Cottages of Clayton was a Tennessee-based skilled nursing provider. Located in Dayton on seven acres, the community consists of six assisted living cottages with 15 units each, totaling 90 beds, and is Medicaid waiver approved. The physical plant presents well, originally built in 2000 with renovations completed in 2024 and 2025. 1019 Senior Living plans to implement light refreshes across the individual cottages. At the time of the sale, the community was 97% occupied, supported by a strong local reputation and steady referral sources, and was... Read More »
Wyoming SNF Sale Sets New State Record
There was a new record set for skilled nursing pricing in the state of Wyoming with the sale of Big Horn Rehabilitation and Care Center in Sheridan. Built in the 1960s, the facility features 128 beds and was 61% occupied. It was owned by a regional operator that was looking to recycle capital. Before the marketing process, Evans Senior Investments was able to identify over $250,000 in potential annual savings on rehabilitation expenses and $87,000 in pharmacy savings. And the firm drove a competitive bidding process that successfully secured a record price of $20 million, or $156,250 per bed, based on the facility’s future stabilized potential rather than its current performance. The deal... Read More »
Owner/Operator Acquires Facility Out of Bankruptcy
A senior care facility in Worcester, Massachusetts, sold as part of a bankruptcy process with the help of Patrick Burke and Toby Siefert of Senior Living Investment Brokerage. Built in 1970, Donna Kay Rest Home features 60 licensed beds in 31 units, providing a higher level of care and supervision than assisted living but at a lesser acuity than skilled nursing. Occupancy was nearly full, and the facility was profitable but operated below a 10% margin. The local owner, Steve Dashevsky, filed for Chapter 11 bankruptcy protection on the facility in December 2024, around 16 years after he originally purchased the rest home. And SLIB was engaged by the seller and bankruptcy counsel to market... Read More »
Civitas Sells Community to Clarion
Hap Knowles and Nick Stahler of the Knapp-Stahler Group at Institutional Property Advisors announced that they led the sale of a seniors housing community in the Phoenix, Arizona MSA, to the fast-growing real estate investment firm Clarion Partners. The deal appears to be The Retreat at Alameda, a 110-unit assisted living/memory care community in Phoenix that will be taken over by Stellar Senior Living as the operator. The Retreat at Alameda broke ground in 2019, with Paradigm Senior Living operating the community upon opening in 2020. It was apparently approaching stabilized occupancy and positive cash flow, but it was not stabilized nor a cap rate deal. Knowles and Stahler... Read More »Schedule a demo
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