• National Developer/Investor Divests in Florida

    Blueprint was engaged by a national developer/investor in its divestment of a value-add, but newer vintage, Class-A seniors housing community in Lake Worth Beach, Florida. As part of a broader portfolio review, the ownership group decided to divest to de-lever and conserve liquidity within the fund that held this community. Built in 2019, this... Read More »
  • Recovery Continues at Sabra Health Care REIT

    After all the earnings reports for the fourth quarter 2023, we think it is safe to say the industry really has moved on from the pandemic. Not that the lasting effects have disappeared, as they may be with us for the rest of the decade, but most everyone seems to be getting back to “normal,” although at a different pace for each one. Sabra Health... Read More »
  • Georgia Seniors Housing Community Trades

    Blueprint was brought on in the divestment of a purpose-built seniors housing community in Kennesaw, Georgia. The community was built in 1999 and comprises 37 assisted living and memory care units. We suspect this is another former Enlivant property. Kyle Hallion, Amy Sitzman and Giancarlo Riso marketed the opportunity alongside 16+ seniors... Read More »
  • Cushman & Wakefield Hires Jason Skalko

    After its entire seniors housing team left for JLL earlier in 2023, Cushman & Wakefield has started to rebuild, announcing the hire of Jason Skalko as Managing Director. Skalko comes from JLL and will be based in the firm’s Tampa office to specialize in senior living and care investment sales throughout the United States. A graduate of the... Read More »
  • 60 Seconds with Swett: Memory Care Still Commands a Premium

    We are just a couple of days away from publishing the 29th Edition of The Senior Care Acquisition Report, which is available to all LevinPro LTC and LTC News subscribers as part of their subscriptions, and the impact of the capital markets upheaval on valuations affected nearly all property types in 2023. Still, a few historical norms remained.... Read More »
Recovery Continues at Sabra Health Care REIT

Recovery Continues at Sabra Health Care REIT

After all the earnings reports for the fourth quarter 2023, we think it is safe to say the industry really has moved on from the pandemic. Not that the lasting effects have disappeared, as they may be with us for the rest of the decade, but most everyone seems to be getting back to “normal,” although at a different pace for each one. Sabra Health Care REIT is one of those that can safely be said to be on the safe side of the pandemic. With its fourth quarter earnings, it put out earnings guidance for 2024 for the first time since 2020. Like everyone else, Sabra and its tenants still have a way to go, but most everything is moving in the right direction.  What we like is that the lease... Read More »
Recovery Continues at Sabra Health Care REIT

Nice Surprise For Diversified Healthcare Trust Shareholders

Readers know that Diversified Healthcare Trust has struggled in the past year or more, and even had a “going concern” issue where they were not sure if they would make it through the end of 2023, or so they told shareholders. The share price tanked, and management told investors if they did not agree to the merger with Office Properties Trust (controlled by the same people as DHC), that there was a good likelihood they would default on the debt that was coming due later in the year. A few shareholders took a stand against management, the institutional shareholder proxy services panned the merger as well, and the merger was canceled. The debt was refinanced, the share price took off and all... Read More »
Recovery Continues at Sabra Health Care REIT

A Webinar Wrap-Up on 2023 M&A Valuations

The SeniorCare Investor recently hosted a webinar titled “2023 M&A Valuations and 2024 Predictions” with moderator Ben Swett, Managing Editor of SCI, Managing Director of Senior Living Investment Brokerage Bradley Clousing, Senior Managing Director and Head of Healthcare Services of Oxford Finance Tracy Maziek, and Principal of Scribner Capital James Scribner. After a chaotic and difficult year, in this webinar, the panelists dissected what exactly happened in 2023, how values changed and what motivated buyer and seller decisions. The webinar kicked off with a review of many statistics available in the soon-to-be-published Senior Care Acquisition Report, starting with how M&A... Read More »
2023 M&A Valuations and 2024 Predictions

2023 M&A Valuations and 2024 Predictions

Senior care owners, operators, brokers and lenders had to adapt to a rapidly changing lending and M&A landscape in 2023, but what new hurdles (or opportunities) will 2024 bring? Join The SeniorCare Investor and a panel of experts to get a sneak peek of the 2023 M&A valuation statistics and a preview of what is to come in the market. Read More »
National Health Investors Rocks The New Year

National Health Investors Rocks The New Year

Bucking the seasonality trend of January and first quarter blues, two of National Health Investors’ large seniors housing tenants posted increases in occupancy in January. Census at Senior Living Communities increased by 20 basis points in January to reach 83.3%. Meanwhile, Bickford Senior Living posted a 70-basis point sequential increase to 85.3%, matching the highest level it has seen in the past few years. The small SHOP portfolio of 15 communities was where the real growth occurred. January’s 30-basis point sequential increase to 84.7% was nice, but it was also 930 basis points higher than in January 2023. The fourth quarter saw a 420 basis-point sequential increase in occupancy and a... Read More »
Still Slow Go For Brookdale

Still Slow Go For Brookdale

Brookdale Senior Living is like an aircraft carrier. It takes a long time to change direction, and the current may change while making the attempt. Brookdale is the largest senior living company in the world, and while that fact can have its advantages (data collection, purchasing power, ancillary services, etc.), it can also work against you. In a recent study by NIC MAP of its data, they found that nearly one in three communities operated by “very large” companies have occupancy below 80%. We assume Brookdale is included in those statistics. Brookdale’s portfolio continues to lag behind the overall market with census improvement, and it remains under 80%. Consolidated occupancy in... Read More »