Not-for-Profit Closes First Public Bond Issue in 20+ Years
Ziegler announced the closing of a $30.0 million tax-exempt fixed rate bond issue for Butterfield Trail Village, Inc. (BTV). The Series 2026 bonds were issued through The Fayetteville Public Facilities Board. BTV is a not-for-profit corporation founded by five local churches in 1981 to own and operate a continuing care retirement community on 48-acres in Fayetteville, Arkansas. BTV currently consists of 280 independent living units, 12 assisted living units and 78 skilled nursing units. The proceeds of the Series 2026 bonds will be used, together with other available funds, to finance and refinance construction of a new assisted living community with 38 units, conversion of the existing... Read More »
State of the Healthcare M&A Market Webinar
LevinPro HC convened a panel of healthcare dealmaking experts to talk about M&A trends across the healthcare services spectrum, valuation metrics, private equity activity and regulatory headwinds. The conversation also covered our latest healthcare M&A statistics. Ben Swett, Managing Editor of LevinPro HC moderated the panel, which included John Tiedmann, Managing Director of Physician Growth Partners, Bill Hoffman, Shareholder of Polsinelli, and Matt Bogle, Managing Director of Intrinsic. Read More »
Buyer Adds Fourth Community in Under 12 Months
Unbridled Living completed its fourth acquisition in less than 12 months, adding a second seniors housing community to its Missouri footprint. Built in 2001 and most recently renovated in 2025, The Emerson at St. Peters is an independent living community with 182 units, 20 of which can flex to assisted living. It has been rebranded as Unbridled Living of St. Peters. The community’s physical plant presents well, as the seller invested approximately $10 million into the property over the past five years, primarily focused on common area improvements. At the time of the purchase, the building was 82% occupied, leaving room for operational upside. Margins were already strong, around 34.3% at... Read More »
New 1031 Exchange Platform Launches
A new 1031 exchange platform designed to provide advisors and their clients with access to institutional-quality real estate investments through Delaware Statutory Trusts has launched. A Fortress Investment Group affiliate, Fortress Real Estate Exchange, will initially target investments in seniors housing, student housing and multifamily properties. The platform’s goal is to help real estate owners with investment planning objectives, including the deferral of capital gains taxes, diversification of investment strategies and/or real estate exposure, and transition them away from active real property management. The platform also aims to deliver both stable cash flows and the... Read More »
Regional Operator Acquires Large Multi-State Portfolio
Senior Living Investment Brokerage announced a couple of portfolio deals this week totaling 15 separate properties. The larger deal featured 13 assisted living/memory care communities spread out in Georgia and South Carolina. Built between 1989 and 2014, the buildings have a combined 672 units, with 492 assisted living and 180 devoted to memory care. Brad Clousing, Dan Geraghty and Jeff Binder represented an undisclosed institutional owner in the transaction, creating a national market for the assets and generating significant buyer interest with more than 15 qualified offers. A Southeast-based regional operator emerged as the buyer, with a plan to reposition and stabilize the... Read More »
Oregon and Idaho Communities Sell
Blake Bozett and Spud Batt of The Zett Group sold a 48-unit independent living community in Pendleton, Oregon, on behalf of a local owner/operator who was exiting the business. Built in the 1970s, the community was well occupied but could improve its overall operations. Still, there was positive momentum in the NOI, which rose from $320,000 in the trailing-12 months to $470,000 in the trailing-three months annualized. The property was on the market for only three days, and the deal closed 106 days after LOI execution. A regional independent living owner/operator stepped in to purchase the asset for $5.35 million, or $111,500 per unit, at an 8.8% cap rate based on the trailing-three... Read More »
Owner/Operator Purchases AL/MC Assets from Public Company
A publicly traded company sold its portfolio of eight assisted living/memory care communities located throughout Minnesota and Wisconsin, engaging Blueprint’s Kyle Hallion, Lauren Nagle and Ben Firestone to handle the deal. Each community included a smaller footprint, with 153 units total across the portfolio. The S&P 500 company owner ultimately sold the portfolio to an established owner/operator with an existing Wisconsin presence. That buyer emerged from multiple qualified offers from buyers active in the Midwest. Read More »
Inland Acquires Class-A Asset
Inland Real Estate Acquisitions announced its acquisition of a high-end seniors housing community in Monument, Colorado (between Colorado Springs and Denver). We heard about the Class-A transaction about six weeks prior, when Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage announced their handling of the deal. Built in 2017 within a master-planned development, Jackson Creek Senior Living features 132 units of independent living, assisted living and memory care. It was the only seniors housing community in the builder/seller’s portfolio, but it was a strong operator. Occupancy hit 95%, and the community operated at a nearly 40% margin on... Read More »
Institutional Investor Acquires Oklahoma SNF at Record Price
A private investor looking to exit the skilled nursing business to focus on other ventures recently sold its Oklahoma City, Oklahoma, asset. The building is one of the newest skilled nursing facilities in the state. The facility had a strong census at the time of sale, but there was some upside with a shift in the operating model. Daniel Morris of Plains Commercial Real Estate handled the deal, highlighting the potential for a new buyer to add value to a skilled nursing facility with a high-quality physical plant in a prime location. An institutional investor ultimately secured the opportunity, engaging an operator with a focus on short-term stay skilled nursing and with which it has... Read More »
PE Firm Sells Community in Texas
A seniors housing community in the Dallas-Fort Worth MSA recently traded with the help of Nick Stahler, Austin Diamond and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap. The large community, which features more than 200 units and 230,000 square feet, includes 163 independent living, 42 assisted living 15 and memory care units. Built in 1982, it had recently benefitted from physical improvements, and while occupancy was improving and recently surpassed 50%, there is still work to do to stabilize the asset. It was sold by a mid-sized private equity firm that had operated the community through a third party management platform. Hap Knowles served as the referring... Read More »Schedule a demo
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