ALP Owner/Operator Expands in Upstate New York
Dave Balow of Senior Living Investment Brokerage facilitated the sale of an assisted living program community in the Albany, New York MSA, on behalf of a private owner. Built in 1985, Danforth Adult Care Center is in Hoosick Falls and features 57 units with 80 beds, including 42 licensed as ALP. The community sits on 2.49 acres with 29,112 square feet and maintains a roughly equal payor mix of private-pay and Medicaid residents. It generated $303,800 in EBITDAR on $3.17 million of revenues, with 83.8% occupancy. The offering was marketed in the summer of 2024, attracting several competitive offers. The buyer, a New Jersey-based ALP owner/operator with a growing portfolio across upstate... Read More »
North Carolina Skilled Nursing Portfolio Secures Financing
MONTICELLOAM announced the initial funding of $152 million in total bridge and working capital financing for the acquisition of nine skilled nursing facilities with nearly 1,100 beds across North Carolina. The debt carries a 36-month initial term with two extension options. The sponsor, a returning healthcare client with operating experience in the Southeast, will utilize a $10 million working capital line of credit to manage the daily operational needs of the facilities. Read More »
Regional Healthcare Operator Lands HUD Acquisition Financing
Helios Healthcare Advisors arranged acquisition financing for a 124-bed skilled nursing facility with a strong quality mix in Pasadena, Texas, on behalf of a regional healthcare operator that had been leasing the property from a third-party landlord. The financing package was $12.9 million, or $104,000 per bed. Leveraging the facility’s strong occupancy and financial strength, Helios structured a direct HUD acquisition loan through a national HUD lender. The capital structure also included a seller note, allowing the borrower to close the transaction with minimal cash investment. Pillar Stone Healthcare Company, based in Houston, Texas, acquired Baywood Crossing Rehabilitation &... Read More »
Ventas Acquires Class-A Portfolio in Texas and Louisiana
Ventas acquired five Class-A, high-performing seniors housing communities in Texas and Louisiana with upside potential. Built between 2015 and 2019, the communities comprise approximately 90 units each, with a total of 67 independent living, 201 assisted living and 179 memory care units in the Houston and Dallas, Texas, markets and the Lafayette and New Orleans, Louisiana, markets. JLL Capital Markets handled the transaction, representing the seller, a joint venture between Iron Point and Avanti Senior Living. The portfolio, which is entirely private-pay, was operated by Avanti. The purchase price was $147.7 million, or $330,000 per unit. Ventas expects Year 1 metrics to include a... Read More »
Joint Venture Acquires Class-A Arizona IL/AL Community
Principal Asset Management (Principal Financial Group’s investment management division) and IRA Capital announced the acquisition of American Groves, a Class-A seniors housing community in Gilbert, Arizona, for $44.5 million, or $500,000 per unit. The sale was facilitated by JLL Capital Markets on behalf of the seller, American Care Concepts and Reichmann International Realty Advisors, which developed the community in 2021. American Groves is a two-story, 89-unit community, offering independent and assisted living services. Each unit has the ability to transition between independent and assisted living in response to changing resident needs, enabling the community to adapt to future... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
