Arcus Healthcare Acquires Nebraska Portfolio
Jacob Gehl and Dillon Rudy of Blueprint were engaged by an institutional private equity firm in its divestment of a portfolio comprising four seniors housing communities in Nebraska. Built in the late 1990s and the early 2000s, the properties were well-maintained with local reputations for excellent quality of care. They were performing well with high census at the time of closing. The communities drew attention from a mix of local Nebraska-based operators, Midwest-focused investors and national buyers. The ultimate buyer was Arcus Healthcare Partners, a real estate investment firm specializing in seniors housing and healthcare. Arcus will bring on Omega Senior Living as operator for all... Read More »
Texas-Based Operator Establishes Footprint in Oklahoma
Daniel Morris of Plains Commercial Real Estate kicked off his 2025 M&A activity by representing an institutional owner in its sale of an assisted living community in Edmond, Oklahoma. The seller was divesting because the community was an outlier in its portfolio, and it is focusing on core assets. The transaction closed approximately 10 weeks after signing the LOI. Built in 1996, Oxford Springs Assisted Living comprises around 25 units with 29 beds, with the smaller size of the community creating operational challenges. There was a competitive bidding environment, with the ultimate buyer being a Texas-based operator that focuses on AL communities ranging in size from 25 to 60... Read More »
Forbright Bank Reports Active 2024
Forbright Bank’s Healthcare and HUD lending teams closed 2024 with strong deal activity. Last year the Healthcare and HUD lending teams provided more than $400 million in financing to organizations in more than 12 states. In one recent transaction, Forbright provided a $40 million bridge loan for the acquisition of three seniors housing facilities in Oregon. Underwriting was done in conjunction with Forbright’s HUD team. In another recent transaction, the bank provided a $38 million term loan and $5 million revolver for the acquisition and renovation of two skilled nursing facilities in Massachusetts by an experienced regional operator with a strong presence in the state.... Read More »
Blueprint Handles Detroit Transaction
Blueprint announced its role in the sale of a Class-A seniors housing community in an affluent suburb of Detroit. We learned of the deal in December, when Silver Wave Capital, Persimmon Ventures and Synergy Senior Management announced that the buying group acquired Avalon at Auburn Hills. Built in 2018, the community features 58 assisted living and 44 memory care units. The Auburn Hills market was overdeveloped for seniors housing services, and we understand that the property never reached stabilization, with occupancy below 50%. It was previously owned by Hudson Advisors, an affiliate of Lone Star Funds that purchased the community as part of the five-property Great Lakes Portfolio in... Read More »
CIBC Provides SNFs Financing
CIBC Bank USA provided a $67 million term loan to finance the acquisition of five skilled nursing facilities and the refinance of 21 skilled nursing and assisted living facilities located throughout Wisconsin. CIBC also provided an aggregate $21 million of working capital via multiple revolving lines of credit to 53 skilled nursing/assisted living facilities primarily located in Wisconsin. The borrowing group had recently received substantial reimbursement support from the state. Peter Kane and Michael Velazquez handled the transaction for CIBC Bank USA. Read More »Schedule a demo
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