CareTrust REIT’s CFO/Treasurer Plans to Retire
CareTrust REIT announced that William M. Wagner, the company’s Chief Financial Officer and Treasurer, plans to retire in early 2026. Wagner has been with the REIT since its inception in 2014, following its spin-off from The Ensign Group. Derek Bunker, who currently serves as CareTrust’s Senior Vice President of Strategy and Investor Relations, is expected to succeed Wagner as CFO effective January 1, 2026. Bunker has more than a decade of healthcare leadership experience, including as Vice President of Acquisitions and Business Legal Affairs at The Ensign Group, and more recently as Chief Investment Officer and Executive Vice President at The Pennant Group, another Ensign spin-off. ... Read More »
Ownership Group Exits Kentucky with Sale to NY-Based Owner/Operator
Blueprint was engaged in early 2025 by a long-tenured ownership group in the sale of its high-performing skilled nursing and memory care property in Kentucky. The seller is well established with deep roots in the Commonwealth, with this sale marking its final healthcare asset in Kentucky after a 40-year history of operating there. Built in 1949, Wellington Parc of Owensboro holds a four-star CMS rating and comprises 80 beds. Like others in the state, it benefited from Kentucky’s favorable Medicaid reimbursement environment, with strong current per diem rates and scheduled 2025 inflationary increases, as well as additional CMI expansion potential. The marketing process was highly targeted... Read More »
Operationally-Challenged CCRC Transitions to Lease Option
Blueprint was engaged to market a 225-unit CCRC in St. Louis, Missouri, that was experiencing operational challenges. The seller, a large owner/operator, was looking to address immediate performance issues and position the asset for long-term stability and value. So, the deal was marketed either as an outright sale or a lease with a purchase option. Following a competitive process, the selected transaction structure was a lease with a purchase option. The incoming operator, a regional owner/operator, brings local market knowledge with an established footprint in Missouri as well as Illinois. Connor Doherty and Ryan Kelly handled the transaction. Read More »
Class-A Arizona AL/MC Community Joins Welltower’s Portfolio
Welltower has acquired a 118-unit assisted living/memory care community in Marana, Arizona, northeast of Tucson. The Watermark at Continental Ranch was developed in 2019 by Kayne Anderson Real Estate and Watermark Senior Living. Watermark bought the land in 2017 for $1.34 million, and Kayne Anderson bought the community in 2019 upon receipt of the certificate of occupancy and licensure, according to the deal in LevinPro LTC. BMO Harris Bank financed that purchase with a $21 million credit facility. There are studio, one- and two-bedroom layouts, plus specialized memory care wings. Welltower has rebranded the community Cogir at Continental Ranch. Read More »
Michigan AL Communities Trade with Turnaround Potential
Madison Meiser and Bill Meiser of Meiser Commercial Real Estate completed two separate seniors housing transactions in Michigan. All parties involved had experience in the senior care sector, making the transactions smooth, aside from routine negotiations. The first transaction to close was in Plymouth. Built in 1980, the assisted living community featured 50 units and was licensed for 75 beds. The buyer, an owner/operator, has opportunities to reduce expenses and enhance the property’s value. At the time of sale, occupancy was 84%, and the community was operating at a loss. For the trailing 12 months ending February 2025, the property generated $2.36 million in revenues. A hurdle... Read More »Schedule a demo
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