Hotel Developer Divests Non-Stabilized, Class-A Asset to Sonida Senior Living
Austin Diamond and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap announced their role representing the seller of a 98-unit assisted living/memory care community in Mansfield, Texas (Dallas-Fort Worth area). Sonida Senior Living was the buyer, paying $15.55 million, or $159,200 per unit, which was funded with cash on hand and proceeds from its senior secured revolving credit facility. The Knapp-Stahler Group navigated a challenging renegotiation at the expiration of due diligence, ensuring a favorable outcome and smooth closing for all parties. That is an attractive price, from Sonida’s perspective, for a 2016-vintage, recently-renovated, Class-A property, which Sonida... Read More »
Stabilized Seniors Housing Community Trades Hands
Blueprint handled the sale of an 80-unit assisted living and memory care community in the Syracuse, New York MSA. At the time of marketing, it was generating strong cash flow and had recently benefited from significant renovations, positioning it as stabilized. Connor Doherty, Ryan Kelly, Jacob Gehl and Dillon Rudy handled the transaction. A diverse buyer pool was targeted, including local, regional and national groups. The process generated three competitive offers, ultimately resulting in the selection of a regional owner with an existing footprint. The buyer will retain the incumbent operator. Read More »
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 »Schedule a demo
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