• Interview with Bryan Lockard of JLL Value and Risk Advisory

    Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Bryan Lockard of JLL Value and Risk Advisory to discuss JLL’s 2024 Seniors Housing and Care Investor Survey and Trends, which you can download here. Read More »
  • Wow…Sonida Senior Living

    The last company in our sector, Sonida Senior Living, finally reported fourth quarter and full-year 2023 earnings, and while pretty good, that was not even the story. The story started four weeks ago. In February, the company announced a series of capital transactions which reduced their debt, raised some equity, and provided liquidity to take... Read More »
  • Marcus & Millichap Arranges SNF Leases

    After purchasing four senior care campuses in a large portfolio deal, a seniors housing owner/operator turned to Marcus & Millichap to find new tenants for the skilled nursing portions of each newly acquired campus. Each building was losing close to $1 million annually and had struggled with occupancy and expenses.  While the portfolio... Read More »
  • LSS Absorbs Diakon

    Two large not-for-profits announced that they were combining to create the 12th largest not-for-profit senior living organization in the country. Lutheran Senior Services, based in St. Louis, Missouri, signed an agreement to bring Diakon Senior Living operations and four CCRCs under its umbrella. Both organizations were described by Adam Marles,... Read More »
  • SNF Under Receivership Is Acquired in Kansas

    Marcus & Millichap was brought on by a limited liability company in the sale of a skilled nursing facility in Topeka, Kansas, that was under receivership. The facility, Providence Living Center, comprises 78 beds across 24,000 square feet and focuses on senior residents with mental health needs. Rod Llanos and Colby Haugness handled the... Read More »
New Owner, Same Operator For Two Utah Seniors Housing Communities

New Owner, Same Operator For Two Utah Seniors Housing Communities

The Pennant Group, Inc. acquired two seniors housing communities in Utah. Capitol Hill Senior Living is a 113-unit assisted living and memory care community in Salt Lake City. Southgate Senior Living is a 75-unit assisted living and memory care community in St. George.  Pennant has 104 home health and hospice agencies and, now, 53 seniors housing communities located across 14 states. It intends to continue pursuing opportunities to acquire high quality home health, hospice and senior living businesses throughout the United States. Read More »
Focus Healthcare Properties Acquires in Washington

Focus Healthcare Properties Acquires in Washington

Focus Healthcare Properties acquired two seniors housing communities in Olympia, Washington. Fieldstone Cooper Point is a 96-unit independent and assisted living community. Fieldstone Memory Care of Olympia comprises 45 memory care units. The in-place operator, Fieldstone Communities, which has managed both communities since development, will remain the operator. Read More »
SLIB Handles Ensign Acquisition in Kansas

SLIB Handles Ensign Acquisition in Kansas

The Ensign Group announced its acquisition of the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility in Atchison, Kansas, with Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage handling the transaction. A subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, acquired the facility’s real estate, effective March 1, 2024. Gateway Healthcare, LLC, Ensign’s Kansas-based subsidiary, will take over its operations. Built in 1961, 1973 and 1993 (with a renovation in 1996), the facility was one of the last remaining county-owned nursing homes in the state. At 84% occupancy,... Read More »
The Ensign Group Surpasses 300 Operations

The Ensign Group Surpasses 300 Operations

The Ensign Group added three more skilled nursing facilities to its growing portfolio, bringing its total healthcare holdings to more than 300 operations. In one of the deals, the provider acquired both the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility in Atchison, Kansas. A subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, acquired the facility’s real estate, effective March 1, 2024. Gateway Healthcare, LLC, Ensign’s Kansas-based subsidiary, will take over its operations. Senior Living Investment Brokerage handled the sale. In a separate transaction on the same day, Ensign... Read More »
Performing SNF Sells in Delaware

Performing SNF Sells in Delaware

Evans Senior Investments successfully sold a skilled nursing facility in Dover, Delaware. Courtland Manor was previously owned by an independent owner/operator that was represented by the Evans team.  Built in 1986, the 70-bed facility boasted a consistent five-star CMS rating. It also maintained high occupancy rates, in the high 80% range prior to the pandemic and never dropping below 70% after it. But the owner decided it was a good time to exit the long-term care industry. They may have been right, with SNF values staying above pre-pandemic prices, on average, according to the recently released 29th Edition of The Senior Care Acquisition Report. Facilities with positive cash flow... Read More »
SLIB Handles Ensign Acquisition in Kansas

Montgomery Executes Two SNF Transactions

Andrew Montgomery of Montgomery Intermediary Group has wrapped up a couple of skilled nursing transactions in the Midwest, including a portfolio deal in Indiana. That transaction featured three skilled nursing facilities in the Indianapolis area, totaling 458 beds. The locations are outside of the previous owner’s footprint, and they wished to focus on other states. Meanwhile, the undisclosed buyer is actively growing within the SNF sector across the country. They will be stepping into a value-add operation, as the facilities, which were losing money, are in need of a turnaround. The purchase price was not disclosed. Next, Montgomery was brought on to sell a 112-bed skilled nursing... Read More »