Ensign/Standard Bearer Adds Two Facilities
The Ensign Group acquired a couple of skilled nursing facilities through its real estate subsidiary Standard Bearer Healthcare REIT. The first purchase was for Duncanville Healthcare and Rehabilitation Center, a 124-bed SNF in Duncanville, Texas, which will be operated by a third-party operator subject to a long-term, triple-net lease. Ensign also purchased Timber Springs Transitional Care in Boise, Idaho. The 120-bed SNF will be managed by Pennant Healthcare LLC, an Ensign-affiliated tenant. Read More »
HTG Closes Two Separate SNF Transactions
Healthcare Transactions Group (HTG) recently closed two transactions in Missouri and Maryland. The Show Me State deal involved Baptist Home of Independence, an 118-bed skilled nursing facility and 20-bed Residential Care Facility in the town of Independence. Built in 1977, the campus received a major renovation in 2021 and was 65% occupied. Baptist Homes of Missouri, a faith-based not-for-profit organization based in Jefferson City, Missouri, had acquired the campus in 2021. It later engaged Healthcare Transactions Group to evaluate and recommend strategic options, leading to the not-for-profit’s decision to divest one of its senior care facilities for the first time. HTG’s... Read More »
Kiser Group Launches Seniors Housing Division
Kiser Group, a leading multifamily brokerage firm, has announced the launch of its new Seniors Housing Division with the addition of industry veteran Mark Myers as Partner. This strategic expansion reflects the firm’s commitment to meeting the evolving needs of investors and operators in the growing senior living sector. With more than 30 years of experience and a national reputation for excellence, Mark brings unparalleled expertise to Kiser Group. Since 1995, he has closed more than 800 seniors housing transactions across 44 states, totaling over $12 billion in volume. More recently, Myers worked at SVN Senior Living Advisors, and before that he worked at Walker & Dunlop and Marcus... Read More »
Community First Solutions Acquires Again in Ohio
Ziegler was engaged by Marquee Capital, the real estate company affiliated with Marcus Investments, LLC, the Marcus’ family office, in the sale of its seniors housing community in Mason, Ohio. Built in 2020, BrightStar Senior Living of Mason sits on 3.2 acres with 41 assisted living and memory care units. The community was well occupied at 90%, and was operating at a good margin, particularly for a small, higher acuity community. It was developed by Marquee Capital and has been operated by BrightStar Senior Living since opening. Community First Solutions, a leading not-for-profit healthcare organization, acquired the community (which will be rebranded as The Cottage of Mason),... Read More »
Joint Venture Acquires Nashville Active Adult Community
An active adult community in Germantown, Tennessee, found a new owner thanks to the team at Newmark. Built in 2020, Avenida Watermarq is a 161-unit, Class-A active adult community in an affluent suburb of Nashville. There are one- and two-bedroom options averaging 919 square feet per unit. Occupancy was 87%. Inspired Real Estate Partners and GEM Realty Capital acquired the property for $32.925 million, or $205,000 per unit, and will have Gallery Residential handle its management going forward. The community will also be rebranded as Lakeview at Germantown. Read More »Schedule a demo
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