New Tenant Secured for Mass SNF
A state-of-the-art rehabilitation and skilled nursing facility in Danvers, Massachusetts (Boston MSA) secured a new operator and lease arrangement. The developer/landlord and existing tenant engaged Blueprint’s Michael Segal, Ben Firestone, Daniel Waldhorn and Steve Thomes to run a strategic marketing process, which yielded three lease proposals. A growing East Coast-based operator that had recently expanded into Massachusetts with its first acquisition earlier this year was eventually chosen as the new operator/tenant. Located across the street from Beverly Hospital at Danvers and within close proximity to several other referral sources in a densely populated suburb, the facility was... Read More »
The Seniors Housing Team at C&W Grows
Cushman & Wakefield hired Matthew Yance as a Director for the firm’s Valuation & Advisory group as part of the senior living and care specialty practice. Based out of the firm’s New York office, Yance will focus on institutional valuations and market studies across the United States. Yance has nine years of experience focusing on the senior living sector. Previously, he was at Newmark where he co-led the seniors housing and healthcare team, overseeing a team of appraisers focused on the senior housing industry as well as business development, assignment management, delivery of appraisal and consulting services, and training of appraisal professionals. Earlier this year, the firm... Read More »
SVN Senior Living Advisors Grows Its Team
There’s a new, and sizable, team in the seniors housing and care brokerage world. And luckily, as we are in the middle of the busiest period of M&A activity ever, there should be enough transactions to go around for everyone to welcome the competition. Torey Riso, an industry veteran with more than 30 years of legal, business and real estate experience, including holding the CEO roles at Care Investment Trust and Blueprint, joined SVN Senior Living Advisors in February 2024 to help expand the firm’s reach into the seniors housing and care sector. He is partnering with Tony Yousif of SVN, an experienced commercial real estate professional who will serve as a “single point of contact”... Read More »
Grace Management Expands Management Portfolio
Grace Management announced the addition of three seniors housing communities to its management portfolio. The communities include The Pointe at Meridian, Snow Canyon Retirement Community, and Cave Creek Assisted Living. Each will continue to be owned by Gold Stream Retirement Communities. Built in 2022, The Pointe is in Meridian, Idaho, and features 60 independent living, 30 assisted living and 10 memory care units. Occupancy is currently hovering around 90%. Snow Canyon is in Santa Clara, Utah, and is set to open in Fall 2024. It will offer 59 independent living, 43 assisted living and 15 memory care units. Cave Creek is in Cave Creek, Arizona, and is scheduled to open late 2024.... Read More »
Christian Horizons is Restructuring
Midwest Christian Villages, dba Christian Horizons, and its related companies filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Christian Horizons is one of the nation’s largest not-for-profit, faith-based organizations delivering skilled nursing, assisted and supportive living, independent living, and pharmacy services to seniors in Illinois, Iowa, Indiana and Missouri. The organization will continue to operate as usual throughout the restructuring process. Its investment bank has been and continues to solicit and receive bids from going concern buyers in a marketing process. A series of events has put significant pressure on the... Read More »Schedule a demo
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