Public REIT Divests Standalone MC Community to an Owner/Operator
A publicly traded REIT engaged Blueprint in the divestment of its vacant seniors housing community in Houston, Texas. Built in 1995 and renovated in 2009, the community comprises 48 memory care units. It was vacated by the prior operator in 2023, but current ownership has ensured the physical plant was well maintained to prevent deterioration. Giancarlo Riso, Brooks Blackmon, Amy Sitzman and Lauren Nagle handled the transaction, securing multiple competitive offers and ultimately advising the REIT to move forward with an all-cash offer from an owner/operator that Blueprint transacted with earlier in the year. Read More »
Green Courte Acquires Colorado Active Adult Community
Green Courte Partners’ sixth investment fund, Green Courte Real Estate Partners VI and its affiliates, acquired an active adult community. 55 Resort at Water Valley comprises 120 units in Windsor, Colorado, just north of Denver in the Water Valley master-planned development. The community will be rebranded as Eagle’s Peak at Water Valley. This acquisition expands GCP’s national senior living portfolio, managed by its wholly owned operating platform, True Connection Communities, to 21 communities with approximately 3,300 units. GCP is committed to acquiring similar communities as it grows its active adult portfolio. Read More »
Spring Arbor Living and Allegro Management Company Merge
Lisa Widmier of Vant.Age Pointe Capital Management & Advisory, which has executed several billion dollars in transactions under Widmier, facilitated the merger between Spring Arbor Senior Living and Allegro Management Company, which have come together under a new holding company, Allegro Living. Allegro Living will serve seniors in 53 seniors housing communities across 13 states in the Northeast, Mid-Atlantic, Southeast and Midwest. Spring Arbor adds its 35 communities and more than 2,200 units to Allegro’s 18 communities and more than 2,300 units. These communities will continue to operate under the same name and same team, as the goal of the merger is growth rather than... Read More »
Owner/Operator Divests Skilled Nursing Portfolio in Massachusetts
Evans Senior Investments (ESI) facilitated the sale of six skilled nursing facilities comprising 722 beds in Massachusetts. The seller was a Massachusetts-based owner/operator. The buyer is one aligned with the seller’s strategic goals, and emerged through a competitive three-week marketing process that attracted strong interest from institutional investors and regional operators. A key factor in the deal was ESI identifying more than $10 million in potential NOI. Read More »
Kentucky and Connecticut SNF Sell in Separate Transactions
Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties handled two separate deals, one in Kentucky and one in Connecticut. First, in an off-market transaction, Forest facilitated the sale of a skilled nursing facility with 150 beds in Lexington, Kentucky. The facility had positive EBITDAR and cash flow at the time of the sale. After receiving five written offers from regional and local groups, the ultimate emerging buyer was a repeat client of both Forest and the seller, a large private healthcare group with an existing footprint in the state. This was the seller’s only asset in Kentucky. Next, Vegh and Schiff, in another off-market transaction, were engaged by a mom & pop... Read More »Schedule a demo
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