Blueprint Closes Nine-Figure Deal in Oregon
A couple of seniors housing communities in the Portland, Oregon MSA, sold to a joint venture between a blue-chip national private equity investor and a respected West Coast-based owner/operator. Opened in 2016 and 2019, the two communities total 284 independent living, assisted living and memory care communities in highly affluent, high-barrier-to-entry submarkets. A joint venture between a multigenerational, regionally focused developer and local investors decided to sell the assets. These appear to be a couple of the high-end “Ackerly” assets, a 147-unit community in Portland and a 137-unit property in Sherwood. Earlier this month, Merrill Gardens announced that it was taking over the... Read More »
Blueprint Closes Two Seniors Transactions in Ohio
Blueprint recently handled two transactions in Ohio. First, Conner Doherty and Ryan Kelly facilitated the sale of a seniors housing community in a desirable market in Ohio. The not-for-profit seller was The Heritage Retirement Community. Built in 2000, The Belvedere of Westlake comprises 24 assisted living and nine memory care units in Westlake. At the time of marketing, the community demonstrated strong occupancy and consistent cash flow. The quality of the land and physical plant also offered investors a base for operational and long-term value creation. Blueprint targeted buyers aligned with the community’s mission and care standards, and a not-for-profit owner/operator with an... Read More »
Kisco Senior Living Buys Beds in North Carolina
Senior Living Investment Brokerage was engaged by a North Carolina-based skilled nursing owner to confidentially market and sell 75 adult care home beds in Wake County, North Carolina. The beds were affiliated with multiple skilled nursing facilities located across the county and were slated for sale because the owner was eliminating assisted living services within the facilities. After a 30-day marketing period, SLIB procured multiple offers from seniors housing groups before Kisco Senior Living ultimately bought the beds to expand its count at multiple properties in the county. Patrick Burke, Toby Siefert and Jason Punzel handled the transaction. Read More »
SLIB Sells High-Quality SNFs in Georgia
Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage handled the sale of two large skilled nursing facilities in the Atlanta, Georgia MSA. Totaling 439 licensed beds, the facilities are set in prime suburban markets on valuable real estate. Additionally, there was limited competition in their markets. As a result, the 1970s-vintage facilities were operating at a strong profit margin and sold for well above $100,000 per operational bed. There is some room for improvement operationally, as well. A Northeast-based owner sold to another Northeast owner/operator with a large portfolio, largely throughout the Southeast. Read More »
Invesque Shifts Focus to Senior Care Sales
Invesque reported its first quarter earnings, highlighting a few M&A updates. Back in the first quarter of 2024, the company had announced it entered into purchase and sale agreements for three investment properties in New York, expecting to close on the sale transactions in the first six months of 2025. A sale involving one of the properties closed in April 2025 for $25.1 million. Sale proceeds in excess of closing costs were used to pay down the mortgage associated with the property ($18.2 million principal balance) and the residual (approximately $7.3 million) was retained by the company for working capital purposes. In the second quarter of 2024, Invesque executed purchase and sale... Read More »Schedule a demo
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