Out-of-State Owner Nabs Nebraska Property
Helios Healthcare Advisors sold an assisted living community in Central City, Nebraska, working with the seller and alongside the incoming operator to facilitate a smooth transition. During the transition process, Nebraska implemented an increase in Medicaid reimbursement rates for rural assisted living communities, which strengthened the financial foundation for the new operator. Cottonwood Estates is known for its consistent operating performance and strong reputation. The community comprises 47 assisted living units and 50 beds. It was built in 2007 and totals 37,100 square feet. The buyer was out-of-state individual owner/operator Syed Khizer Husain, who is based in Texas and... Read More »
Fortress Investment Group Sheds Three Communities
Following the acquisition of RoseWood Village at Greenbrier and RoseWood Village at Hollymead in Charlottesville, Virginia, Fortress Investment Group recently announced the divestment of three seniors housing assets in Florida (two) and Arizona. First, funds managed by affiliates of Fortress sold the Sonata Boca Raton and Sonata Vero Beach in Boca Raton and Vero Beach, Florida, respectively, to a public REIT. The two properties comprise almost 180 independent living, assisted living and managed care units in a range of cottages and apartment buildings. Both properties feature on-site amenities including a full-service restaurant, outdoor pool, beauty salon, fitness center, art... Read More »
Unique Upstate NY Community Changes Hands
An independent living community with Enriched Housing Program beds sold in western New York for $4.0 million with the help of Dave Balow and Vince Viverito of Senior Living Investment Brokerage. The Enriched Housing Program (EHP) is a unique designation in New York State, appealing to a wider pool of potential residents than IL alone. Built in 1994, Manor House in Batavia, New York, has 89 independent living units and is additionally licensed for 60 EHP beds. It spans 3.6 acres and comprises 42,070 square feet. The privately-owned property was well maintained with extensive updates in 2009, and there is minimal local competition. It earned around $150,000 of EBITDAR on $2.9 million... Read More »
West Coast-Based Investor Acquires in Kentucky
The Bluegrass Assisted Living Portfolio, which comprises two performing seniors housing communities, sold to a West Coast-based investor. Located approximately 30 miles apart in Bardstown and Elizabethtown, Kentucky, the assets offer assisted living and memory care services. They will be managed by an operator with an existing presence in the state. Daniel Geraghty, Bradley Clousing and Matt Alley of Senior Living Investment Brokerage represented the seller, a Southeast-based owner/operator looking to exit the Kentucky market and concentrate on its core geographic areas. This is the second time the team has sold this two-pack. Read More »
Investor Group Acquires in Oregon
Silver Wave Capital announced its fourth acquisition in the last 12 months, picking up a new seniors housing community in a suburb of Portland, Oregon. The firm, founded by Cory Wake and Elan Ruggill in 2024, made the acquisition with Sherman Capital Partners as a co-GP and another capital partner. Built in 2019, the Class-A community is located in Cedar Mill and features 110 units of assisted living and memory care. It was previously operated by Ciel Senior Living but will be managed by Compass Senior Living going forward under the name The Canopy. It opened as Fieldstone Cornell Landing, a brand that was developed and operated by Bourne Financial Group and Cascade Senior Living,... Read More »Schedule a demo
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