The Plaza At Richardson Featured in LevinPro Database
The Plaza At Richardson has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a not for profit skilled nursing facility situated at 1301 Richardson Dr in Richardson, Texas. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving The Plaza At Richardson in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for information on subscription options, go to... Read More »Resorts At Pooler Inc Linked to Merger or Acquisition Activity in LevinPro Database
Resorts At Pooler Inc has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 508 S Rogers St in Pooler, Georgia. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Resorts At Pooler Inc in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for information on subscription options, go to... Read More »
Newmark Closes a Cap Rate Deal in Texas
There was a cap rate deal in Texas at the start of August, a relative rarity in today’s market. Newmark closed the sale of Heartis San Antonio, a 109-unit assisted living/memory care community in San Antonio, Texas, to an undisclosed buyer. The community was developed by Caddis Partners, the seller, in 2016 and had been a strong performer ever since opening, even through the pandemic. It was nearly full at the time of the sale, with a healthy operating margin. With so few performing properties available for sale these days, interest from buyers was strong, and we understood pricing reached the mid-$30 million range. The community also sold at a cap rate in the high-6s, a very good... Read More »
Evans Senior Investments Handles Wisconsin Transaction
Evans Senior Investments arranged the sale of an assisted living/memory care community in Wisconsin. Located in Madson, the community comprises 120 units and was experiencing financial difficulties due to its high usage of Medicaid waivers when the operator was brought in by National Health Investors in 2019. However, over the past three years, the operator was able to increase the private pay census to 82% and raise the community’s overall occupancy rate to 69%, while decreasing the reliance on Medicaid. Emerging as the buyer of the community was Eden Senior Care. This marks the second transaction Evans Senior Investments has closed with Eden Senior Care in the last year and this... Read More »Affordable Housing Investment Brokerage Sell Three Affordable Communities in Vermont
Affordable Housing Investment Brokerage Inc. announced it has arranged the sale of a three-property affordable seniors housing portfolio in the greater Burlington area of Vermont. Built in 1999, Eagle Crest comprises 60 units and is located across the street from the second community, Falcon Manor. Built in 2001, Falcon Manor comprises 65 units and sits on 1.5 acres also just east of Burlington. The third community is Hawk’s Nest of St. Albans, which comprises 66 units and is located 30 miles north of Burlington. Occupancy was consistently high across the portfolio, with each building maintaining a wait list, with the longest wait list at Hawk’s Nest, which has 44 units on a HAP contract.... Read More »Schedule a demo
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