Publicly Traded Healthcare REIT Grows in South Carolina
An institutional private equity seller engaged Blueprint in its sale of a senior care community in Greenville, South Carolina. The Gables comprises a three-story assisted living and memory care building and an adjoining skilled nursing component with private pay and Medicare occupants. The community was experiencing a strong recovery and was trending positively at the time of marketing, driven by improving private-pay demand and favorable Medicare reimbursement dynamics on the skilled side. Emerging from a range of buyer profiles, a publicly traded healthcare REIT was ultimately selected as the buyer. The REIT was looking to expand an existing partnership with a regional seniors... Read More »
PruittHealth Acquires Again in the Southeast
PruittHealth recently announced that it acquired a community in Winston-Salem, North Carolina. Built in 1997, Forest Heights Senior Living (now known as PruittPlace – Winston Salem) features 99 units with 104 beds of AL, MC and respite care services. Residents can choose between AL services in private studios or one-bedroom suites, and MC in private or shared studios. With the addition of this community, PruittHealth now owns or operates 13 AL communities in the Southeast. Blueprint facilitated the sale on behalf of a national, REIT-affiliated owner/operator seeking to strengthen its portfolio by divesting certain challenged properties. Kyle Hallion, Kory Buzin and Steve Thomes... Read More »
New Tenant Secured for New Hampshire Nursing Home
Evans Senior Investments was engaged by an institutional owner to facilitate the lease of a large nursing home in New Hampshire. At the time of marketing, the facility was performing well. However, a large-scale renovation was just completed, which took 40 beds offline, offering the opportunity for a strong regional operator to significantly improve performance. There was strong interest in the asset, with ESI ultimately securing a tenant aligned with the seller’s strategic goals. Read More »
SLIB Closes Transaction Trio
Senior Living Investment Brokerage announced a slew of closings in the western United States, starting with a senior care campus in Douglas, Wyoming, in the rural eastern part of the state. Originally built in 1968, the skilled nursing portion (Douglas Care Center) was renovated in 2010, and the assisted living/memory care portion (Mountain Lodge) was added in 2018. The adjacent properties feature 74 units and 96 beds of assisted living, memory care and skilled nursing on nearly five acres. Occupancy was around 70%. Its local mom & pop seller decided to retire and divested the campus to a Utah-based regional owner/operator expanding its presence in Wyoming. Vince Viverito and Jason... Read More »
Sonida Senior Living Grows in Florida and Georgia
Sonida Senior Living acquired two seniors housing communities through separate transactions. In May, Sonida acquired a memory care community in Tarpon Springs, Florida. It was built in 2017 and features 64 units. This community complements Sonida’s recently acquired central Florida assets, bringing its Florida portfolio total to eight assets. The company will implement its Magnolia Trails personalized memory care services to activate the community while leveraging its regional sales and marketing support to drive occupancy. The purchase price was $11 million, or $171,900 per unit, funded with cash on hand and a new $9 million non-recourse mortgage from the asset’s existing lender.... Read More »Schedule a demo
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