• Chicagoland Portfolio Finds New Owner

    A value-add senior care portfolio in Chicagoland traded with the help of Blueprint’s Ryan Kelly, Connor Doherty, Alex Florea, Lauren Nagle and Brooks Blackmon. The team worked on behalf of a national developer/investor, which had engaged Blueprint to create an exit strategy for more than a dozen geographically disparate, older-vintage communities... Read More »
  • Publicly Traded REIT Divests in Illinois

    Berkadia was engaged in the divestment of an assisted living and memory care community in Barrington, Illinois. The Berkadia Seniors Housing Team, led by Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders, closed the transaction on behalf of a publicly traded REIT. The buyer was a regional owner/operator. But no other details were... Read More »
  • CFG Secures $13.55 Million in HUD Loans

    Capital Funding Group closed two HUD loans totaling $13.55 million to support the refinancing of two skilled nursing facilities. Both facilities are in Illinois, and together they comprise 173 beds. No other details surrounding the financing were disclosed. This announcement follows CFG’s closing of $16.25 million in bridge-to-HUD financing on... Read More »
  • CBRE Secures Bridge Financing For Two Communities

    CBRE secured bridge financing for two seniors housing communities in western Pennsylvania. Aron Will and Tim Root arranged a non-recourse loan with a sub-300 spread through a regional bank. The borrower was CPF Living Communities.  Built in 2017, The Residence at Bethel Park is in Bethel Park with 130 independent living units. The Residence at... Read More »
  • G Capital Markets Closes Cash-Out Recap

    G Capital Markets, a capital advisory firm based in Carmel, California, recently closed on the recapitalization of a 29-unit/59-bed assisted living community in Livermore, California. Built in 2021 by a regional owner/operator, the property leased up in 2022 and has shown consistent strong performance since then, with cash flow margins well over... Read More »
Kansas AL/MC Community Changes Hands

Kansas AL/MC Community Changes Hands

Blueprint was engaged in the divestment of a seniors housing community in Abilene, Kansas. Blueprint previously worked with the seller in a separate 2023 transaction involving a similar Kansas asset. Abilene Place Senior Living was built in the early 1990s and was well maintained by current ownership, including a recent $400,000 capex investment. The community comprises 58 assisted living and memory care units across one story. We presume this was a former Enlivant property. Amy Sitzman, Giancarlo Riso and Kory Buzin handled the transaction. Blueprint procured multiple offers from active buyers for this sale, with a Kansas-based owner/operator that demonstrated a strong certainty of... Read More »
Blue Moon Capital Partners Sells Asset to Public REIT

Blue Moon Capital Partners Sells Asset to Public REIT

JLL Capital Markets arranged the sale of a seniors housing community within the Boston MSA. JLL represented the seller, Blue Moon Capital Partners, and procured the buyer, a public REIT. LCB Senior Living, the in-place operator, will continue to manage the community.  Built in 2017, The Residence at Orchard Grove has 80 independent living, assisted living and memory care units in Shrewsbury, Massachusetts. The building comprises three stories and totals 75,000 gross square feet. Jay Wagner, Aaron Rosenzweig, Rick Swartz and Jim Dooley of JLL handled the transaction. Read More »
CFG Finances Over $1.7 Billion in 2023

CFG Finances Over $1.7 Billion in 2023

Capital Funding Group announced the company executed or arranged more than $1.7 billion in financing across 50 deals in 2023. These financings included 24 healthcare bridge-to-HUD loans, five multifamily bridge loans and 11 HUD loans. Financing of the multifamily bridge-to-HUD loans totaled approximately $49.7 million of the company’s annual financing. In that timespan, CFG closed numerous refinances, including: $7.2 million HUD loan for a 75-bed skilled nursing facility in Ohio. $15.5 million HUD loan for a 118-bed skilled nursing facility in Arizona. $43.4 million HUD loan for a 140-bed skilled nursing facility in California. $13.8 million mezzanine loan for 12 long-term care facilities... Read More »
Family Office Acquires in California

Family Office Acquires in California

Sherman & Roylance was engaged by a new player in the seniors housing sector in its divestment of an assisted living/memory care community. The seller is refocusing its efforts on geographic areas closer to its core operations. The buyer, a San Diego-based family office, acquired the community for a purchase price of $8.25 million, or $180,000 per unit. The multi-phased community, built in 1955 and expanded through 1999, comprises 46 units with 55 beds in Monterey, California, close to Pebble Beach. At the time of closing, it was 60% occupied. Shep Roylance, John Sherman and Chris Minnery of Sherman & Roylance handled the transaction. Read More »
Joint Venture Acquires Three Class-A AL/MC Communities

Joint Venture Acquires Three Class-A AL/MC Communities

JLL Capital Markets facilitated the sale of three Class-A seniors housing communities in Wildwood, Town & Country, and Kansas City, Missouri. These assets were acquired by a joint venture of Artemis Real Estate Partners, Scarp Ridge Capital Partners and Arrow Senior Living. JLL represented the seller and procured the buyer, led by Scarp Ridge and capitalized by Artemis, while Arrow will take over operations of the communities. This acquisition marks the first for the venture. Built between 2016 and 2018, the communities comprise 252 units of private pay assisted living and memory care. The Wildwood and Town & Country communities are each three-story AL/MC communities with 81 and 86... Read More »
Two SNFs Change Hands in Texas

Two SNFs Change Hands in Texas

Blueprint was engaged in the divestment of two value-add skilled nursing facilities in east Texas. These facilities, located just 15 minutes apart, total 320 beds. Despite experiencing historical lows in census as well as staffing challenges, the facilities were showing signs of improvement and were trending back towards their historically achieved stabilized levels. Additionally, the transaction involved assumable HUD debt with an interest rate of 2.90% and a remaining term of over 25 years. Giancarlo Riso, Amy Sitzman and Ryan Chase of Blueprint handled the transaction, procuring five competitive offers. The selected buyer was a regional owner/operator with a strong certainty of... Read More »