Historic Hamilton Heights Sells in West Hartford
Real estate investment firm Lloyd Jones just announced its fourth seniors housing acquisition of the year, so far, with the purchase of a Hamilton Heights in West Hartford, Connecticut. Built as a Roman Catholic boarding school for girls in 1905, the property was adapted into an independent living, assisted living, and memory care community in 1997. The property features a Georgian revival facade with four and five stories that stretch over ten acres, comprising 113 total units. It was also recently renovated and shows well. The property has sold several times over the years, falling into the hands of Ventas and Atria Senior Living for a number of years until December 2021, when they... Read More »Two Assisted Living Communities Trade Near Seattle
Blueprint Healthcare Real Estate Advisors closed the sale of two assisted living communities in the greater Seattle, Washington area on behalf of a national operator client. The first community, located in Renton, was built in 1983 and comprises 80 assisted living units. It had a strong operation, maintaining occupancy rates above 95% for the last three years running. Both private pay and Medicaid residents made up the census, and with intention to stay affordable, rents start at $2,800 a month. An internet search combined with our own outreach to the community confirmed that Brookdale Senior Living was the previous owner and operator of the property, which will be renamed Green Lake... Read More »Avamere Exits New Mexico Market
Wilsonville, Oregon-based Avamere Family of Companies has exited the state of New Mexico with the sale of its 85-bed transitional care facility in Albuquerque. The short-term rehab facility was a popular referral destination for the area’s largest hospitals, and it was experiencing rapid census growth following an operator transition in 2019. Financial performance was improving too, with total revenues exceeding $8.5 million. Following the marketing process, five competitive offers were submitted, with a regional owner/operator looking to expand their footprint in the state, ultimately succeeding. Blueprint Healthcare Real Estate Advisors Amy Sitzman, Jacob Gehl, Humair Sabir and... Read More »$200 million CCRC Development in the Works Near Cincinnati
Just outside of Cincinnati, in Fort Mitchell, Kentucky, plans have been initiated to build a 262-unit entrance fee CCRC. In charge of the development is Greenbrier Development, a Dallas-based seniors housing consulting group and developer. They are partnering with Brandicorp and St. Elizabeth Healthcare, which intend on investing between $20 million and $25 million into the development. The first phase of the development is expected to cost upwards of $200 million, or $760,000 per unit. This will be Greenbrier’s first ground-up development in the region. The structure of the community will comprise 196 independent living units, 18 assisted living units, 24 memory support units and 24... Read More »Helios Structures Partnership Buyout
Helios Healthcare Advisors has structured a partnership buyout of an Indiana-based assisted living and memory care provider. The company, which included Hendricks County Hospital as an owning partner, operated Golden LivingCenter – Woodbridge, a 67-unit assisted living/memory care community in Evansville, Indiana. Acquired by the partnership in 2012, the community underwent a complete renovation in 2015 and reopened as the first standalone memory care community in Evansville, before an expansion added traditional assisted living units as well.In 2019, Helios helped secure construction financing for that project. Post-expansion and renovation, Helios then worked to recapitalize the... Read More »Schedule a demo
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